Clipped from: https://www.thehindubusinessline.com/economy/policy/bringing-fuel-under-gst-will-take-more-time-revenue-secretary-tarun-bajaj/article65598774.ece 28 per cent GST rate to continue, the merger of others a challenge Revenue Secretary Tarun Bajaj on Monday indicated that bringing fuel
Month: July 2022
*****Windfall tax: $12 margin hit for Reliance; Govt rakes in ₹1.3 lakh crore – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/windfall-tax-12-margin-hit-for-reliance-govt-rakes-in-13-lakh-crore/article65599205.ece The windfall tax on crude production could generate revenue of ₹65,600 crore and tax on export products another ₹52,700 crore if they were
*****SEBI asks bourses, depositories to launch online complaint redressal system – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/sebi-asks-bourses-depositories-to-launch-online-complaint-redressal-system/article65599537.ece The redressal mechanism will be implemented within six months To enable investors to lodge their complaints and track the status of redressal of
*KYC updation: SBI freezes accounts, customers are in for a shock – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/kyc-updation-sbi-freezes-accounts-customers-are-in-for-a-shock/article65598071.ece Senior official claims customers were alerted ‘well in advance’; Bank’s login portal, however, has no general notification As part of its Know Your
*TDS on free trade samples: Nilgiri Bought Leaf Tea Manufacturers seek Board’s clarity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/tds-on-free-trade-samples-nilgiri-bought-leaf-tea-manufacturers-seek-boards-clarity/article65599197.ece Move follows amendment to Sec 194(R) of I.T. Act from July 1 The Nilgiri Bought Leaf Tea Manufacturers Association has expressed its inability
*****Allow healthcare sector to claim input tax credit: FICCI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/discontinue-exemption-of-healthcare-sector-from-gst-allow-claim-of-input-tax-credit-ficci/article65600109.ece Industry chamber has urged Finance Ministry to bring healthcare under zero-rating GST The Federation of Indian Chambers of Commerce and Industry (FICCI) has
*****Are India’s forex reserves adequate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-indias-forex-reserves-adequate/article65600445.ece International Investment Position, which is a better metric than import cover, paints a less-than-rosy picture India has witnessed outflows of $29 billion in
*Slippery slope – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-should-stick-to-its-approach-of-maintaining-an-orderly-movement-in-the-rupee/article65599781.ece RBI should stick to its approach of maintaining an orderly movement in the rupee The rupee’s sharp depreciation against the dollar, inching closer
*****Government committed to the fiscal deficit target of 6.4%, says official – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/government-committed-to-stick-to-64-per-cent-fiscal-deficit-says-official/article65599207.ece ‘No cap and deadline fixed for withdrawal of windfall gain tax’ The Government is committed to stick to the fiscal deficit target of
*******RBI should intervene less, let rupee depreciate gradually: D Subbarao | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-should-intervene-less-let-rupee-depreciate-gradually-d-subbarao-122070400546_1.html In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually
***Policymakers don’t have fetish to raise rates: Revenue secy Tarun Bajaj | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/policymakers-don-t-have-fetish-to-raise-rates-revenue-secy-tarun-bajaj-122070500048_1.html But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said
*Brokerages remain bullish on Reliance Industries despite windfall tax | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/brokerages-retain-bullish-call-on-reliance-industries-despite-windfall-tax-122070401218_1.html Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade
*****Industry body voices concern over 5% GST on hospital room tariffs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/industry-body-voices-concern-over-5-gst-on-hospital-room-tariffs-122070500046_1.html Ficci bats for zero GST on health care in letter to FM; CAIT against tax tweaks on food items The chamber added hospitals
*Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/june-merchandise-trade-gap-at-record-25-6-bn-experts-say-cad-could-double-122070401194_1.html India’s traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion Among major import
*No experience, no resume and you’re hired! Hotels fight for staff | Business Standard News
Clipped from: https://www.business-standard.com/article/international/no-experience-no-resume-and-you-re-hired-hotels-fight-for-staff-122070500057_1.html Europe’s largest hotelier Accor is running trial initiatives to recruit people who haven’t previously worked in the industry Thousands of workers left the
*******The long-term hurdles to India’s export growth | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-long-term-hurdles-to-india-s-export-growth-122070401365_1.html No country has succeeded in becoming a merchandise export powerhouse unless its quality standards are uniformly high Can exports power India’s economic growth?
How to exchange damaged torn and taped currency notes in India? – RBI Rule | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/how-to-exchange-damaged-torn-and-taped-currency-notes-in-india-rbi-rule-122070401396_1.html As per RBI (Note Refund) Rules, 2009 no bank can decline to exchange the damaged, mutilated, taped or torn banknotes. Here’re RBI rules
*******Labour reforms — a long and slow process | The Financial Express
Clipped from: https://www.financialexpress.com/economy/explainer-labour-reforms-a-long-and-slow-process/2578970/ Over 6 years later, 4 labour codes were notified following presidential assent. Though these laws are yet to take effect, labour market rigidities
*****Oil windfall tax to yield Rs 40,000 crore net revenue | The Financial Express
Clipped from: https://www.financialexpress.com/economy/oil-windfall-tax-to-yield-rs-40000-crore-net-revenue/2582779/ The profit generated after accounting for cost from producing crude and natural gas from fields, awarded by the government under a production sharing
*GST Council decides not to change 28% taxation on all forms of gambling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-council-decides-not-to-change-28-taxation-on-all-forms-of-gambling/articleshow/92661843.cms Synopsis The online gaming industry has sought to delineate games of skill and chance it serves up. High courts in several states have
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