Clipped from: https://www.thehindubusinessline.com/opinion/editorial/extending-gst-to-all-packaged-food-items-makes-sense-but-there-could-arise-serious-implementation-issues/article65670874.ece Extending GST to all packaged food items makes sense, but there could arise serious implementation issues The move — following the 47 th GST Council
Day: July 23, 2022
GST on pre-packed food items: Firms not passing on ITC may face profiteering charges – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/gst-on-pre-packed-food-items-firms-not-passing-on-itc-may-face-profiteering-charges/article65668305.ece Post 5% levy, many companies have raised prices tothe same extent Companies not passing on the benefit of Input Tax Credit (ITC) on
Federal Reserve may go easy after 75 basis-point rate hike next week | Business Standard News
Clipped from: https://www.business-standard.com/article/international/federal-reserve-may-go-easy-after-75-basis-point-rate-hike-next-week-122072201311_1.html Powell has said either 50 or 75 basis points would be on the table at the Fed’s July 26-27 meeting Federal Reserve Chair
Snap sales wipe $76 billion off social media stocks; Twitter falls 2.5% | Business Standard News
Clipped from: https://www.business-standard.com/article/international/snap-sales-wipe-76-billion-off-social-media-stocks-twitter-falls-2-5-122072201377_1.html The Snapchat parent plummeted as much as 30 per cent in premarket trading Twitter slipped 2.5 per cent, Pinterest slumped 7.2 per cent
Bulk of India Inc’s overseas debt is hedged: RBI governor Shaktikanta Das | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/bulk-of-ecbs-effectively-hedged-external-sector-well-buffered-rbi-s-das-122072200514_1.html No particular level of rupee in mind but have zero tolerance for volatile movements: Das Shaktikanta Das speaks at the annual banking conference
The real banking reforms: By not implementing many of Nayak committee proposals, the govt has disadvantaged PSBs | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-real-banking-reforms-by-not-implementing-many-of-nayak-committee-proposals-the-govt-has-disadvantaged-psbs/2601898/ The current government has taken some steps towards reducing political interference—even its worst detractors will have to admit that the so-called phone-banking has
How macro headwinds, volatile markets, and waning WFH push cash segment trading volumes to a corner – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/how-macro-headwinds-volatile-markets-and-waning-wfh-push-cash-segment-trading-volumes-to-a-corner/primearticleshow/93037689.cms SynopsisThe traded quantity in June has come down 54% in one year. The turnover on NSE also dropped to INR9,81,367 crore, the lowest
Wealth emigration is bad news for India’s $5 trillion dream – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/wealth-emigration-is-bad-news-for-indias-5-trillion-dream/articleshow/93060695.cms Synopsis Overall, 1,63,370 Indians gave up their citizenship in 2021. While this has been attributed to a backlog built up during the Covid-led
How to value valuation right? It’s time for taxmen to get pragmatic – The Economic Times
lipped from: https://economictimes.indiatimes.com/opinion/et-commentary/how-to-value-valuation-right-its-time-for-taxmen-to-get-pragmatic/articleshow/93060657.cms Synopsis Tax authorities tend to challenge the valuation by claiming that the projections used are not realistic. Consequently, they claim that the shares
States backed removal of GST exemptions: Revenue Secretary Tarun Bajaj – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/states-backed-removal-of-gst-exemptions-revenue-secretary-tarun-bajaj/articleshow/93061563.cms Synopsis Revenue Secretary Tarun Bajaj told ET that the tax revenue growth was robust and the government should be able to meet its
States get a new green power mandate – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/renewables/states-get-a-new-green-power-mandate/articleshow/93063429.cms Synopsis As per the Electricity Act 2003, the state electricity regulatory commissions (SERCs) are required to fix a minimum percentage of the total
Reliance warns of global recession headwinds – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/energy/oil-gas/reliance-warns-of-global-recession-headwinds/articleshow/93063407.cms Synopsis Crude oil prices have slipped in the past two weeks and if they fall this week, it will be the third weekly
Removing GST bottlenecks and turbocharging MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-removing-bottlenecks-and-turbocharging-msmes/articleshow/93037259.cms Synopsis A 2021 Small Industries Development Bank of India (Sidbi) survey showed that about 67% of MSMEs were closed for three months during
RBI has zero tolerance for volatile, bumpy moves in rupee: Shaktikanta Das – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/forex/rbi-has-zero-tolerance-for-volatile-bumpy-moves-in-rupee/articleshow/93046168.cms Synopsis Shaktikanta Das said the Reserve Bank of India has no specific level on the rupee in mind and since there is a
What is the difference between Annual Information Statement (AIS) and Form 26AS? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-the-difference-between-annual-information-statement-ais-and-form-26as/articleshow/93051601.cms Synopsis Prior to the introduction of AIS, the taxpayer’s Form 26AS contained the majority of the information (also known as the tax passbook).
IT cos may be seeking to consolidate real estate in top cities as small towns take centre stage – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/technology/it-cos-may-be-seeking-to-consolidate-real-estate-in-top-cities-as-small-towns-take-centre-stage/articleshow/93036228.cms SynopsisReal estate experts said that the earlier mix was skewed in favour of large cities in the ratio of 90:10, but post-Covid, it
India’s doctor-population ratio of 1:854 better than WHO standard of 1:1000: MoS tells LS – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/india/indias-doctor-population-ratio-of-1854-better-than-who-standard-of-11000-mos-tells-ls/articleshow/93059240.cms Synopsis “Assuming 80 per cent availability of registered allopathic doctors and 5.65 lakh AYUSH doctors, the doctor-population ratio in the country is 1:834,
SC to Govt: Open the GST for 60 days from Sept 1 to Oct 31 to settle all claims – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/sc-to-government-open-common-portal-from-sept-1-to-oct-31-for-filing-of-transitional-credit-claim-under-gst/article65671605.ece Order to benefit assessees unable to transition unutilised credit of the pre-GST regime The Supreme Court on Friday directed the Government to open
ITR 2021-22: Everything you need to know about updated income tax return | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/itr-2021-22-everything-you-need-to-know-about-updated-income-tax-return-122072200216_1.html In the Finance Bill, 2022, the government introduced the concept of ‘updated ITR’. It allows the assessee to file the ITR within 24
Five months into the war: Unprecedented sanctions on Russia cut both ways | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/five-months-into-the-war-unprecedented-sanctions-on-russia-cut-both-ways-122072200928_1.html European leaders have had to give up a reliable source of energy supply, and now they must militarise their economies while being asked
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