Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/rupee-work-its-way-to-a-guided-descent/articleshow/93012926.cms Synopsis The Reserve Bank of India (RBI) has at its disposal the world’s fifth-largest foreign exchange stockpile that can cover the country’s current
Day: July 21, 2022
No need to distort the GST package – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/no-need-to-distort-the-gst-package/articleshow/93012976.cms Synopsis GST allows manufacturers to claim credit for the taxes paid on inputs and creates audit trails in the income and production chain.
The rupee challenge: RBI need not defend rupee and should hike rates only to the extent needed to tame inflation | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-rupee-challenge-rbi-need-not-defend-rupee-and-should-hike-rates-only-to-the-extent-needed-to-tame-inflation/2599335/ RBI believes the rupee is fairly valued and would not be uncomfortable with the rupee depreciating to levels just beyond the 80 mark,
‘SMEs, medium-sized retailers struggle to fully get in sync with services of payment aggregators’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-smes-medium-sized-retailers-struggle-to-fully-get-in-sync-with-services-of-payment-aggregators/2600785/ Credit and finance for MSMEs: Payment service providers (PSPs) can help them grow their businesses by offering a cost-effective platform to accommodate multiple
Hurtling to 80 and beyond – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/hurtling-to-80-and-beyond/article65663337.ece Conversations on why the rupee is falling, and more Netaji, realising that he is now moving into morbid obesity, recently started going to
How dollar hegemony is gradually receding – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-dollar-hegemony-is-gradually-receding/article65663386.ece The US no longer has the largest share of global trade and most countries are reducing dollar holdings in their reserves Dollar’s uneasy
Rupee may fall to 81 against US dollar amid widening trade deficit, risk-off sentiments and FII outflows | The Financial Express
Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions
Legal heir bound by law to file deceased’s tax return for year of death | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/legal-heir-bound-by-law-to-file-deceased-s-tax-return-for-year-of-death-122071900994_1.html Failure to do so can result in penalties for the legal heir Photo: Shutterstock A person with a total income exceeding the basic
ITR 2021-22: Using the Demat account to verify your income tax return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/itr-2021-22-using-the-demat-account-to-verify-your-income-tax-return-122072000224_1.html Once the ITR 2021-22 is filed, the taxpayer needs to verify their return within 120 days, or it is deemed invalid The income tax department
Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/give-htm-latitude-of-bond-portfolios-beyond-march-2023-banks-to-rbi-122072001134_1.html Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising
RBI prepared to spend $100 bn more for defending rupee, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-prepared-to-spend-100-bn-more-for-defending-rupee-says-report-122072000412_1.html Most analysts and traders believe worst is yet to come for the rupee, despite the RBI’s intent to defend the currency and India’s
Renting apartments gets costlier for companies with new GST rates in effect | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/renting-apartment-get-costlier-for-companies-with-new-gst-rates-in-effect-122072000598_1.html The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST) As the revised rates of GST after
CAIT to states: Withdraw 5% GST on unbranded food items | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-cait-to-states-withdraw-5-gst-on-unbranded-food-items/2600745/ Ease of Doing Business for MSMEs: According to CAIT, 85 per cent of the country’s population buy unbranded items and hence, the decision
Govt plans short-term foreign trade policy, may release before September | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/govt-plans-short-term-foreign-trade-policy-may-release-before-september-122072001235_1.html The new policy is much-awaited, following the extension of the existing policy for more than two years A new FTP was deferred and