Clipped from: https://taxguru.in/service-tax/service-tax-notices-based-26as-aspects-validity.html 1. Recently (mainly December 2020) spate of show-cause notices (SCN) have been issued seeking to demand the service tax on the differential amounts
Day: July 16, 2022
*****Subrata Mitra writes: No winners in Russia-Ukraine war, but an opportunity for India–INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/russia-ukraine-war-nato-zelenskiy-8030080/ Subrata Mitra writes: NATO, aware of the very real threat of Russia’s nuclear option, cannot do more. And Russia, in possession of territory
*Basic pay, wages: Govt open to relook labour code proposals | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/basic-pay-wages-govt-open-to-relook-labour-code-proposals-8032240/ The Code on Wages proposes to fix a National Floor Level Minimum Wage, and redefine the break-up of wage to increase the share
*Deficit doubts: The Hindu Editorial on concern over current account deficit – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/deficit-doubts-the-hindu-editorial-on-concern-over-current-account-deficit/article65644248.ece?homepage=true Fretting about the current account deficit is warranted; fiscal space must also be reassessed Fretting about the current account deficit is warranted; fiscal
*inflation: How to invest when inflation is bad and a recession may loom – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-to-invest-when-inflation-is-bad-and-a-recession-may-loom/articleshow/92898342.cms Synopsis If the economy were to fall into a prolonged and deep recession, the stock market might plunge further and not recover for
*directorate general of revenue intelligence: Customs can put tracking devices on ‘suspect’ goods – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/customs-can-put-tracking-devices-on-suspect-goods/articleshow/92907326.cms Synopsis As per the CBIC notification, if a proper officer having a reasonable belief that a suspect consignment is being imported into or
*****YES Bank, JC Flowers in pact for ARC in bid to seal largest ever NPA deal | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/yes-bank-says-jc-flowers-arc-base-bidder-for-bad-loans-up-to-rs-48k-crores-122071500331_1.html This is being termed the single-largest bad loan deal The bank plans to conduct the bidding process on a Swiss challenge basis for
*We are looking at being distinctive as a bank: Axis Bank MD & CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/we-are-looking-at-being-distinctive-as-a-bank-axis-bank-md-ceo-122071500949_1.html In a Q&A, Axis Bank MD & CEO Amitabh Choudhry says bank’s core leadership is focused on 19 transformative initiatives, at both business
*Demand recovery a rosy picture for paint companies in Apr-Jun quarter | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/demand-recovery-a-rosy-picture-for-paint-companies-in-apr-jun-quarter-122071501046_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative
*******Central banks: Redeeming credibility | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/central-banks-redeeming-credibility-122071501472_1.html Central banks seem to have forgotten that there is one role, viz. controlling inflation, which is solely their responsibility The world over, central banks are
*******Let India export foodgrains from public stock: FM Sitharaman at G20 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/allow-india-to-export-public-stock-foodgrains-to-nations-in-need-fm-122071501325_1.html Says India could help in reducing hunger or food insecurity Union Finance Minister Nirmala Sitharaman | Photo: PTI India should be allowed to
*Rupee at life-time low to hit imports, overseas education, travel – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/forex/rupee-at-life-time-low-to-hit-imports-overseas-education-travel/article65643755.ece Rupee ends at 79.8775 against the dollar The rupee hit a record low on Friday as foreign investors continued to dump riskier assets
*******UP AAR: Transfer of Lucknow Airport to Adani, transfer of going concern, does not attract GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/up-aar-transfer-of-lucknow-airport-to-adani-transfer-of-going-concern-does-not-attract-gst/article65643711.ece Gujarat AAR ruled on a similar line for Ahmedabad Airport too Transfer of business from Lucknow Airport by Airport Authority of India (AAI)
*******Educated, but no work: Covid spurs jobless rate among graduates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/educated-but-no-work-covid-accelerates-unemployment-rate-among-graduates/article65643658.ece More than half the graduates in Rajasthan have no jobs, shows CMIE data India is currently staring at a massive unemployment rate of
*Google Play Store updates replacing ‘Permissions’ section with ‘Data Safety’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/google-play-store-replaces-permissions-with-data-safety/article65643525.ece ‘Data Safety’ section provides information to users about all the data an app requires Google have brought in a major update to its
*****Steel prices crash 13-15 per cent in July – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/steel-prices-crash-13-15-per-cent-in-july/article65644258.ece Seasonal dip in demand, recessionary pressures across the globe and an impending slowdown in China seen as reasons Global steel prices, including export
Fall in rupee against USD lower than many major currency – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/fall-in-rupee-against-usd-lower-than-many-major-currency/article65644534.ece Indian rupee money bag and red arrow down. Economic difficulties. Capital flight, high risks. Costs expenses. Crisis, loss savings. Stagnation, recession, declining business
G-Sec yields rise on fears of aggressive Fed rate rate hike and rising crude oil price – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/g-sec-yields-rise-on-fears-of-aggressive-fed-rate-rate-hike-and-rising-crude-oil-price/article65644917.ece Floating Rate Bond devolves on PDs at the auction Government securities (G-Secs) prices declined on Friday, tracking US Treasury yields, as the bond