Clipped from: https://www.financialexpress.com/industry/weak-rupee-to-raise-borrowing-costs-for-companies-say-economists/2599522/ The RBI has stated that while it’s not targeting any particular level to rein in the rupee, it will ensure there is no
Month: July 2022
*How an email set off alarm bells at Sebi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/how-an-email-set-off-alarm-bells-at-sebi/articleshow/92966571.cms SynopsisOn Saturday, Sebi issued a press release saying it had recently noted a “cyber security incident” in its email system, which was undergoing
Nirmala Sitharaman: FM Nirmala Sitharaman clarifies on GST rates on certain items, says decision taken to curb tax leakage – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/fm-nirmala-sitharaman-clarifies-on-gst-rates-on-certain-items-says-decision-taken-to-curb-tax-leakage/articleshow/92979224.cms Synopsis Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting.
Rupee News: Rupee @ 80: How worried should you be? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rupee-80-how-worried-should-you-be/articleshow/92971077.cms Synopsis The Rupee breaching the psychological mark of 80 on Tuesday for the first time ever has set off alarms if this slump
income tax notice: You may end up getting income tax notice if this document is filled with error – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/you-may-end-up-getting-income-tax-notice-if-this-document-is-filled-with-error/articleshow/92702351.cms Synopsis In November 2021, the income tax department has launched the AIS. It may happen that you have forgotten to check it before
Defaulting firm’s debt includes both principal and interest: NCLAT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/defaulting-firm-s-debt-includes-both-principal-and-interest-nclat-122071900953_1.html Case related to a company that challenged insolvency proceeding against it for delaying payments to borrower The tribunal said the interest on delayed
No need to be ‘overtly’ worried about fall in rupee: DEA Secretary | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/no-need-to-be-overtly-worried-about-fall-in-rupee-dea-secretary-122071901242_1.html The Indian currency, he said, has appreciated against several global currencies like British Pound, Japanese Yen and Euro. Economic Affairs Secretary Ajay Seth
Caution over rupee | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/caution-over-rupee-122071901520_1.html RBI must keep an eye on its reserves as dollar strengthens In the course of the day’s trading, the rupee hit a new
The weaker side of generosity | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-weaker-side-of-generosity-122071901515_1.html High dividend payouts reflect low growth expectations An analysis of India’s largest corporations — those comprising the BSE500 index — shows dividend payouts, which are profits repatriated
Ending of rate hikes in US to stem sharp rupee depreciation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/dollar-likely-to-stay-strong-in-near-term-rupee-to-test-81-in-q2fy23-122071900531_1.html With front-loaded rate hikes by the US Fed, the US dollar will remain relatively strong in the immediate term With the US dollar gaining strength
Moody’s warns of India’s vulnerability to volatile food, energy prices | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/moody-s-warns-of-india-s-vulnerability-to-volatile-food-energy-prices-122071900421_1.html Says major challenge for countries will be growing demands on fiscal resources to limit impact of price rise The report said harvests this
Rupee fall likely to hit govt finances with ballooning subsidy bill | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/eroding-rupee-may-impair-centre-s-finances-via-higher-subsidy-bill-122071901233_1.html The finance ministry has hinted that India’s fertiliser subsidy bill for 2022-23 (FY23) could rise to around Rs 2.5 trillion against Budget Estimates
Rupee at 80: Little relief on the cards from high trade deficit | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/limited-relief-from-record-trade-deficit-expected-as-rupee-hits-80-122071901432_1.html Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against
Rupee at 80: Signs of lower FY23 GDP and corporate sector growth | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rupee-erosion-to-herald-lower-gdp-corporate-sector-growth-in-fy23-122071901459_1.html The correlation coefficient between the year-on-year (YoY) change in corporate sector revenue and the rupee exchange rate is minus 0.63 since 2003-04 (FY04)
*1,000 passenger complaints received against Air India in 3 months: Govt | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/1-000-passenger-complaints-received-against-air-india-in-3-months-govt-122071900839_1.html DGCA on June 14 said it imposed a fine of Rs 10 lakh on Air India for denying boarding to passengers holding valid
*Amul posts group turnover of Rs 61,000 cr in FY22 on milk & ice-cream biz | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/amul-posts-group-turnover-of-rs-61-000-cr-in-fy22-on-milk-ice-cream-biz-122071901369_1.html Post pandemic recovery results in addition of Rs 8,000 crore in annual turnover Rise in milk procurement has also led to Amul basing
Govt’s plastic straw ban to curb pollution leaves Indian consumers thirsty | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-s-plastic-straw-ban-to-curb-pollution-leaves-indian-consumers-thirsty-122072000116_1.html With 19 single-use plastic items banned from July 1, including the straws, companies including Dabur India Ltd. and Parle Agro Pvt, have been
*Google relaxes Play Store fee in Europe – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/google-relaxes-play-store-fee-in-europe/article65658601.ece Google announces non-gaming app developers can offer EEA users an alternative to Play’s billing system After facing backlash from developers, Google on Tuesday
Banks want special recovery tribunals for high-value debts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-want-special-recovery-tribunals-for-high-value-debts/article65657565.ece Over 1.6 lakh cases pending at debt recovery tribunals as at February 2022 Banks have petitioned the Finance Ministry to set up special debt
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