Clipped from: https://www.business-standard.com/article/economy-policy/imf-slashes-india-s-fy23-gdp-growth-forecast-by-80-bps-to-7-4-122072601026_1.html IMF cites less favourable external conditions and rapid policy tightening by RBI as reasons for lowering India’s growth outlook (Photo: Reuters) The International
Month: July 2022
India seen overtaking China as biggest importer of seaborne Russian crude | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-now-biggest-importer-of-seaborne-russian-crude-may-overtake-china-122072601373_1.html China’s import of seaborne Russian crude oil is likely to end July below India’s, although definitive Chinese numbers are not available Russian Urals
Lessons from a tax cut | Business Standard Column
ears of a huge revenue loss from the 2019 reduction in corporation tax rates were exaggerated Almost three years ago, the Modi government had introduced
Losing momentum | Business Standard News
Clipped from: https://www.business-standard.com/article/international/losing-momentum-122072601472_1.html Growth is likely to moderate further The global economic recovery from the pandemic-induced disruption is rapidly losing strength. According to the International Monetary
Hospitals have refused cashless treatment under CGHS in the recent past: Govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/hospitals-have-refused-cashless-treatment-under-cghs-in-the-recent-past-govt/article65686394.ece There is always some time lag between submission of bills by HCOs and their final settlement, says the Union Minister. In the recent
Forex umbrella – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/forex-umbrella/article65686067.ece RBI has enough forex reserves to ensure orderly movement in the rupee An unnecessary debate is on currently over whether the RBI is
Avoid aggressive management of rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/avoid-aggressive-management-of-rupee/article65686738.ece Forex intervention by RBI has actually contained rupee depreciation. But the benefits of heavy intervention are not very clear The rupee has crossed
Steel prices close to bottom: Tata Steel chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/steel-prices-close-to-bottom-tata-steel-chief/article65686329.ece Prices will starting move up in the second half of this fiscal, says TV Narendran Tata Steel expects prices to start going up
VS Krishnan writes: GST 2.0 — Next stage of reform in the tax regime requires creating federal institutions–INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/gst-2-0-next-stage-of-reform-in-the-tax-regime-requires-creating-federal-institutions-8029959/ VS Krishnan writes: It can bring together senior officers from the Centre and states in an institutional forum registered under the Society Act.
Tipping Point | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/service-charge-restaurants-hotels-delhi-high-court-8053442/ On service charge, court should consider views of workers not just consumers With the Consumer Protection Act being an enactment of Parliament, it
Behind the fuss about GST on essential items: Two sides of the same coin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/behind-the-fuss-about-gst-on-essential-items-two-sides-of-the-same-coin/articleshow/93128998.cms Synopsis The levy of GST on essential items such as pulses, cereals, and rice has led to an uproar that it’ll lead to
us recession: Deeper US recession spells big trouble for India, says Swaminathan Aiyar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/deeper-us-recession-spells-big-trouble-for-india-says-swaminathan-aiyar/articleshow/93129880.cms SECTIONS Deeper US recession spells big trouble for India, says Swaminathan Aiyar By Tamanna Inamdar ,Last Updated: Jul 26, 2022, 02:39 PM IST
recession: A global recession will pose enormous fiscal challenges. India must be prepared – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/a-global-recession-will-pose-enormous-fiscal-challenges-india-must-be-prepared/articleshow/93145050.cms Synopsis India’s fiscal deficit was at 2.5% of GDP when the Great Recession struck, and Pranab Mukherjee increased it to 6.9%. This time,
AIS Feedback: How to submit Annual Information Statement (AIS) feedback
lipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-how-to-submit-annual-information-statement-ais-feedback/articleshow/93109316.cms Synopsis The AIS Consolidated Feedback file (ACF) allows taxpayers to obtain all of their AIS feedback, excluding feedback, ‘Information is correct,’ in one
Zomato share price falls to new low; may be attractive to buy now, says Jefferies, eyes over 100% gain | The Financial Express
Clipped from: https://www.financialexpress.com/market/zomato-share-price-falls-to-new-low-may-be-attractive-to-buy-now-says-jefferies-eyes-over-100-gain/2606107/?ref=Must_Read Zomato share price tanked 13% on Monday and another 7% on Tuesday to hit an all-time low of Rs 44.10. Zomato stock could
Income Tax Return: LTCG on equities up to Rs 1 lakh is tax free, but you may still end up paying tax | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-ltcg-on-equities-up-to-rs-1-lakh-is-tax-free-but-you-may-still-end-up-paying-tax/2606280/ Despite keeping the aggregate income within Rs 5 lakh and LTCG within Rs 1 lakh, you may still end up paying tax. You
Securitisation of loans given by MFIs sees healthy bounce back: ICRA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/securitisation-of-loans-given-by-mfissees-healthy-bounce-back-icra/article65680801.ece Due to increased collection efforts, regulatory support in the form of restructuring and moratorium, and reduced concerns about the pandemic impact, investors are
Infosys net rises 3.2% YoY to ₹5,360 crore in June quarter – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/infosys-net-rises-32-yoy-to-5360-crore-in-june-quarter/article65678864.ece IT major marginally increases guidance for full year IT major Infosys has reported a 3.2 per cent year-on-year(YoY) rise in net profit at
Attrition in IT sector to see moderation soon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/attrition-in-it-sector-to-see-moderation-soon/article65682330.ece Companies say work flexibility, compensation revisions will help reign in the rates Attrition rates of major IT firms in India have peaked and
As July 31 deadline looms, only 50% IT returns filed; tech glitches, AIS non-updation blamed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/nearly-50-itrs-yet-to-be-filed-experts-blame-tech-glitches-non-updation-of-ais/article65682059.ece July 31 is the due date of filing Income Tax Returns for assesses whose accounts need not be audited As the July 31
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