Clipped from: https://www.business-standard.com/article/current-affairs/no-new-show-cause-notices-to-small-taxpayers-cbdt-in-revised-guidelines-122051101553_1.html Organisation seeks to give clarity on how a Supreme Court order is to be implemented. Taxpayers will get two weeks’ time to respond
Day: May 12, 2022
*****RBI likely to up inflation projection in June, mull more rate hikes: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-likely-to-up-inflation-projection-in-june-mull-more-rate-hikes-report-122051101354_1.html The central bank raised the repo rate by 40 basis points to 4.40% following a emergency meeting earlier this month. Photo: Bloomberg India’s
*Asian, EMs entering the late stages of a bear market: Morgan Stanley | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/asian-ems-entering-the-late-stages-of-a-bear-market-morgan-stanley-122051101086_1.html Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar Photo: Shutterstock Asian and emerging markets are
*****Exporters of services, job-sensitive sectors may benefit from rupee slide | The Financial Express
Clipped from: https://www.financialexpress.com/economy/exporters-of-services-job-sensitive-sectors-may-benefit-from-rupee-slide/2518260/ The depreciation will also partially soften the blow of elevated shipping costs and supply chain disruptions in the wake of the Russia-Ukraine crisis.
750 WhiteHat Jr employees quit over back-to-office, salary woes | The Financial Express
Clipped from: https://www.financialexpress.com/industry/750-whitehat-jr-employees-quit-over-back-to-office-salary-woes/2521161/ “Yes, people were asked to relocate and some chose to resign – that is a different story but 800 is a highly inflated
*****RBI unlikely to turn ultra-defensive on rupee: Central bank to revise inflation forecast in June | The Financial Express
No plan to buy govt debt to curb yield The central bank will revise its inflation forecast upwards in its June review, as price pressure