Clipped from: https://www.financialexpress.com/opinion/widening-trade-deficit-prospects-are-for-a-doubling-of-current-account-deficit-in-fy23/2565889/ The most efficacious policy response to deal with widening trade imbalances is to maintain an open and unrestrictive trade policy, as has been
Month: June 2022
Fixed Deposits: Wait for some time to lock in long-term FDs | The Financial Express
When interest rates rise, deposit rates of short tenures rise first, followed by long-tenure deposits. So, if any of your fixed deposits are maturing in
*****How to transfer of equity stocks to legal heirs, nominees in case of death – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/how-to-transfer-of-equity-stocks-to-legal-heirs-nominees-in-case-of-death/articleshow/92288693.cms Synopsis The claimant of securities needs to obtain a transmission form from the depository participant (DP) or download from their website. It needs
*****How to divide your property among legal heirs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/how-to-divide-your-property-among-legal-heirs/articleshow/92288287.cms Synopsis Find out how to apportion your property among legal heirs so that it does not cause problems later on. A large number
*****New Labour Code: Is India Inc ready for recent changes in rules? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/new-labour-code-is-india-inc-ready-for-recent-changes-in-rules/articleshow/92295519.cms 5 things that you should avoid doing in a falling market Synopsis The Reserve Bank of India (RBI) also hiked the repo rate
MSMEs: Unpaid dues: How state governments could effectively aid MSME through invoice discounting – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/unpaid-dues-how-state-governments-could-effectively-aid-msme-through-invoice-discounting/articleshow/92272443.cms Synopsis Small ticket sizes, lack of credit history, and insufficient collateral to raise funds from the traditional banking system are the primary issues
*****How do interest rates affect the real economy and you? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/how-to/how-do-interest-rates-affect-the-real-economy-and-you/articleshow/92292639.cms Synopsis Higher central bank key interest rates affect the cost of borrowing for banks, which then pass those costs onto businesses, consumers and
US recession not ‘inevitable,’ Treasury secretary says – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/us-recession-not-inevitable-treasury-secretary-says/articleshow/92320154.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The US economy has recovered strongly from the Covid-19 damage, but soaring inflation and supply-chain snarls exacerbated by the war in Ukraine
Indian banks may join hands with Russia lenders not hit by sanctions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-banks-may-join-hands-with-russia-lenders-not-hit-by-sanctions/articleshow/92324935.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis These Indian banks will likely open accounts at their Russian counterparts and vice versa, as decided last week in meetings held in
The story behind the choice of RBL Bank CEO | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-story-behind-the-choice-of-rbl-bank-ceo-122061900602_1.html Does this smack of the regulator’s lack of confidence in the bank’s board? On June 19, 2018, the day ICICI Bank Ltd’s CEO and managing
Inflation: Normal monsoon, interest rate cut key to bringing down inflation by year end, say economists – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/normal-monsoon-interest-rate-cut-key-to-bringing-down-inflation-by-year-end-say-economists/articleshow/92315439.cms Synopsis While retail inflation rose 7.04 per cent in May year-on-year, slightly down from 95-month high of 7.79 per cent in April, wholesale
*****3 things to know about the impact of repo rate hikes on you – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/3-things-to-know-about-the-impact-of-repo-rate-hikes-on-you/article65529807.ece Loans have become more expensive by 90 basis points since May 4 and there could be more hikes in the anvil Home loan
*****Loyalty points, wallet money or online credit not to attract TDS provided not earned through business or profession – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/loyalty-points-wallet-money-or-online-credit-not-to-attract-tds-provided-not-earned-through-business-or-profession/article65539760.ece The new section mandates a person providing any benefit to a resident to deduct a tax at source of @10 per cent of
*****How to reduce capital gains from sale of residential plot – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-to-reduce-capital-gains-from-sale-of-residential-plot/article65537354.ece Exemption under Section 54F can be claimed if the seller satisfies the conditions I have a detailed query on capital gains tax pertaining
The Cinderella of insolvency | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-cinderella-of-insolvency-122061701077_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 Undermining operational creditors is against the basic spirit of IBC The Insolvency and Bankruptcy Code (IBC) 2016, aims at resolution of stress of a company,
Petrol Price: Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Private retailers to government – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/selling-diesel-at-rs-20-25/ltr-loss-petrol-at-rs-14-18/ltr-loss-private-retailers-to-government/articleshow/92313911.cms Synopsis On June 10, the Federation of Indian Petroleum Industry (FIPI), which besides private fuel retailers also counts state-owned firms such as IOC,
400 Chartered Accountants, Company Secretaries under scanner for helping Chinese firms – The Hindu
Clipped from: https://www.thehindu.com/news/national/400-chartered-accountants-company-secretaries-under-scanner-for-helping-chinese-firms/article65540449.ece?homepage=true They allegedly played role in incorporating Chinese shell companies in metropolitan cities by flouting norms “Guilt, as alleged, as well as the number
Faster tightening of monetary policy would have been disastrous for economy, says RBI Governor Shaktikanta Das |FE Modern BFSI Summit 2022: The Financial Express
Clipped from: https://www.financialexpress.com/economy/fe-modern-bfsi-summit-2022-faster-tightening-of-monetary-policy-would-have-been-disastrous-for-economy-says-rbi-governor-shaktikanta-das/2564243/ The governor pointed out that the inflation target range of 2-6% has been given to the MPC to deal with extraordinary situations like
Market crash: Top 10 firms lose Rs 3.91 lakh cr in m-cap; TCS, RIL biggest laggards | The Financial Express
Clipped from: https://www.financialexpress.com/market/market-crash-top-10-firms-lose-rs-3-91-lakh-cr-in-m-cap-tcs-ril-biggest-laggards/2565533/ Past week, the BSE Sensex plunged 2,943.02 points or 5.42 per cent, while the NSE Nifty declined 908.30 points or 5.61 per cent
How UPI and Credit Card linking will offer the best of both worlds to customers | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-upi-and-credit-card-linking-will-offer-the-best-of-both-worlds-to-customers/2565106/?ref=Must_Read The Reserve Bank of India’s (RBI) latest announcement around the proposed linking of credit cards to UPI is expected to be a great
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