Clipped from: https://www.financialexpress.com/economy/windfall-tax-to-recoup-most-of-rs-1-lakh-cr-revenue-lost-in-excise-cuts/2580885/ India on July 1 joined a select league of nations globally that have taxed windfall gains accruing to oil companies from soaring energy
Day: July 3, 2022
*Labour codes not to kick in from Friday even as states, UTs frame rules | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/labour-codes-not-to-kick-in-from-friday-as-states-uts-frame-rules-122063001190_1.html The Centre has already finalised rules on all the four codes Once implemented, the codes will replace 29 existing labour laws. The Union
*Twin deficit problem: What does it mean and how does it affect an economy? | Business Standard News
Clipped from: https://www.business-standard.com/podcast/finance/what-is-a-twin-deficit-problem-122062300077_1.html The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem that
*The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rupee-s-new-lows-why-it-s-not-necessarily-a-cause-for-concern-122070101203_1.html The framers of a ‘strong currency’ policy ignore that almost every country with a successful long-term record of development has pursued a ‘weak
*Capex is the route to economic revival, says FM Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/capex-is-the-route-to-economic-revival-says-fm-nirmala-sitharaman-122070200024_1.html In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps Union Finance Minister Nirmala
*How the RBI unconventionally innovated policy to fight the pandemic-Soumya Kanti Ghosh writes:-INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/how-the-bank-held-its-own-8002098/ Soumya Kanti Ghosh writes: It did not get fixated on a one-point agenda, daring to look beyond the inflation print, focussing on economic
*The biggest problem is our dependence on imported energy, which is 4% of our GDP’ | Express Exclusive News,The Indian Express
Clipped from: https://indianexpress.com/article/express-exclusive/explained-live-neelkanth-mishra-interview-the-biggest-problem-is-our-dependence-on-imported-energy-which-is-4pc-of-our-gdp-8005728/ Neelkanth Mishra, Co-head of Asia Pacific Strategy, India Equity Strategist with Credit Suisse and part-time member of the PM’s Economic Advisory Council, unpacks
*Why do small businesses need insurance urgently? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/why-do-small-businesses-need-insurance-urgently/articleshow/92611894.cms Synopsis Lack of awareness, coupled with thin margins, makes insurance a low priority, and business owners often neglect insurances the law does not
indian stocks: FIIs dump Indian stocks worth Rs 50,000 crore in June. Is the worse ahead? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/fiis-dump-indian-stocks-worth-rs-50000-crore-in-june-is-the-worse-ahead/articleshow/92610891.cms Synopsis The relentless FPI selling has to be seen in the context of steadily rising dollar and bond yields in the US, Vijayakumar
*A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a
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