Clipped from: https://www.business-standard.com/article/international/war-causing-severe-cost-of-living-crisis-no-country-can-escape-un-122061000054_1.html An FAO index of food prices surged to a record earlier this year as Russia’s invasion of Ukraine curtails shipments from one of
Day: June 10, 2022
*India considers curbing fridge imports to boost local industry: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-considers-curbing-fridge-imports-to-boost-local-industry-report-122060900499_1.html Sources say the government is considering mandating that importers seek a licence from the authorities, replacing the existing free-import regime Representative Image India
Current account deficit likely to hit three-year high at $43.8 bn in FY22 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/current-account-deficit-likely-to-hit-three-year-high-at-43-8-bn-in-fy22-122060900749_1.html The country’s current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as
Wage cost inflation may moderate IT players’ profit margins by 1.5% | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/wage-cost-inflation-may-moderate-it-players-profit-margins-by-1-5-122061000043_1.html The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most
*Oil shock: What the RBI can do | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/oil-shock-what-the-rbi-can-do-122060901256_1.html The absolute oil price rises at a very high rate and the absolute prices of other goods and services rise somewhat at their
FY23 tax collection likely to be better than budget estimate: Revenue Secy | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/fy23-tax-collection-likely-to-be-better-than-budget-estimate-revenue-secy-122060900944_1.html The country’s tax collections soared to a record high of Rs 27.07 lakh crore last year, compared to budget estimate of Rs 22.17
*As FDI gets pricey, China rushes to calm frustrated foreign investors | Business Standard News
Clipped from: https://www.business-standard.com/article/international/after-unprecedented-shanghai-lockdown-china-s-step-to-calm-foreign-firms-122061000196_1.html In recent weeks, Chinese leaders, while denying that there is an exodus of foreign firms, are putting more emphasis on the concerns of
*Increasing equity exposure | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/increasing-equity-exposure-122060901231_1.html EPFO should first fix the basics How should an institution managing retirement funds invest? Should it aim to minimise risk and invest in
*Any amount collected periodically by RWA that exceeds ₹7,500 will attract GST: TSAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/any-amount-collected-periodically-by-rwa-that-exceeds-7500-will-attract-gst-tsaar/article65510123.ece ‘GST is not leviable on electricity and water charges collected from residents’ Any amount collected periodically, along with the monthly maintenance charges by
*Government exploring all options against SC rulings related with IGST on Ocean Freight – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/government-exploring-all-options-against-sc-rulings-related-with-igst-on-ocean-freight/article65510197.ece Ruling more known for court’s comment on GST Council The government is exploring all options including filing a review petition against the Supreme
*SEBI tells MFs to report cyber breach incident within six hours – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/sebi-tells-mfs-to-report-cyber-breach-incident-within-six-hours/article65510697.ece Mandates audit by authorised external agency and compliance report from MD and CEO Market regulator SEBI has tightened the cyber security framework for
*How to make India a leader in solar module manufacturing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-to-make-india-a-leader-in-solar-module-manufacturing/article65510177.ece Augmenting domestic research, commercialising evolving technologies, unlocking export markets and making available the required capital are vital The recent power crisis once again
*Safety net – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/any-oversight-body-for-social-media-should-protect-free-speech-with-well-defined-caveats/article65510406.ece Any oversight body for social media should protect free speech with well-defined caveats The Centre’s proposal to set up an appellate committee with
*Tyre exports rise 50% to over ₹21,000 crore in FY22 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/tyre-exports-roll-up-50-per-cent-to-top-rs-21000-crore-in-fy22/article65510194.ece Tyre exports have jumped 70 per cent in the last two years since the pandemic hit Recording one of the highest growths across
*Domestic tractor sales declined 8% in May on a sequential basis; exports remain robust – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/domestic-tractor-sales-decline-in-may-on-a-sequential-basis-exports-remain-robust/article65511016.ece USA, Europe and Asia are likely to remain the focal regions for long-term tractor exports Domestic tractor sales reported an 8 per cent decline in
Corporate insolvency: IBBI proposes model fee structure for insolvency professionals – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/corporate-insolvency-ibbi-proposes-model-fee-structure-for-insolvency-professionals/article65511459.ece Regulator issues discussion paper on remuneration of an IP; model fee structure comprises fixed minimum fees and performance-linked incentive In an apparent bid
*IMF welcomes India’s decision to relax ban on wheat exports – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/imf-welcomes-indias-decision-to-relax-ban-on-wheat-exports/article65513381.ece Says it is concerned by food, fertiliser export restrictions by some nations The International Monetary Fund (IMF) has said that it is concerned
*RBI plays catch-up, hikes repo rate by 50 bps – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/rbi-plays-catch-up-hikes-repo-rate-by-50-bps/article65508720.ece Raises FY23 retail inflation projection to 6.7% from 5.7%; drops ‘accommodative’ in stance The Monetary Policy Committee (MPC) today stepped up its inflation