Clipped from: https://www.business-standard.com/article/economy-policy/india-will-take-20-yrs-8-9-growth-to-become-developed-nation-rangarajan-122122400379_1.html The immediate focus of policymakers must be to raise the growth rate of the economy. Achievement of a $5 trillion economy is a
Day: December 24, 2022
The world is using fewer cardboard boxes. That’s a bad sign for the economy – The Economic Times*
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/the-world-is-using-fewer-cardboard-boxes-thats-a-bad-sign-for-the-economy/articleshow/96443010.cms Synopsis Investors are watching closely for any harbingers of what is to come as fears mount that many of the world’s biggest economies
An inflation measure watched by the Fed eases to 5.5% – The Economic Times*****
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/an-inflation-measure-watched-by-the-fed-eases-to-5-5/articleshow/96461275.cms Synopsis Friday’s report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a revised 6.1%
NCLAT sets aside pleas against CCI’s Rs 873-crore penalty on UBL, other beer makers – The Economic Times*
Clipped from: https://economictimes.indiatimes.com/news/india/nclat-sets-aside-pleas-against-ccis-rs-873-crore-penalty-on-ubl-other-beer-makers/articleshow/96464845.cms Synopsis The Competition Commission of India (CCI) on September 24, 2021, imposed penalties totalling over Rs 873 crore on UBL, Carlsberg India, All
United States lays out options for laid-off non-immigrant workers to remain in the country – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/work/united-states-lays-out-options-for-laid-off-non-immigrant-workers-to-remain-in-the-country/articleshow/96444606.cms Synopsis Regulations permit a discretionary grace period that allows workers in E-1, E-2, E-3, H-1B, H-1B1, L-1, O-1, or TN classifications (and their
MPC’s Jayanth R Varma decodes likely impact of too much tightening on jobs, productivity & economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mpcs-jayanth-r-varma-decodes-likely-impact-of-too-much-tightening-on-jobs-productivity-economy/articleshow/96480179.cms Synopsis His comments come at a time when unemployment is seen rising in India despite a good monsoon supporting farm activity. India’s joblessness
Analysis of Maharashtra AAAR ruling with Regards to Composite Supply In GST*****
Clipped from: https://taxguru.in/goods-and-service-tax/analysis-maharashtra-aaar-ruling-regards-composite-supply-gst.html Analysis of Legal View Given By Maharashtra Appellate Authority For Advance Ruling For Goods And Services Tax With Regards to Composite Supply In
Interest income to co-operative society from investment with co-operative bank is eligible for deduction u/s 80P(2)(d)*******
https://taxguru.in/income-tax/interest-income-co-operative-society-investment-with-co-operative-bank-eligible-deduction-u-s-80p2d.html Clipped from: https://taxguru.in/income-tax/interest-income-co-operative-society-investment-with-co-operative-bank-eligible-deduction-u-s-80p2d.html ITO Vs Mittal Court Premises Co. Op. Society Ltd (ITAT Mumbai) ITAT Mumbai held that the interest income earned by a cooperative
Inadvertent mistake committed while filing return cannot take away rights of assessee
lipped from: https://taxguru.in/income-tax/inadvertent-mistake-committed-filing-return-take-away-rights-assessee.html J. Doshi & Co. Vs ITO (ITAT Rajkot) ITAT Rajkot held that department cannot take away rights of the assessee just by inadvertent
Solitary opportunity of only one day to respond to notice is against principles of natural justice***
Clipped from: https://taxguru.in/income-tax/solitary-opportunity-only-one-day-respond-notice-against-principles-natural-justice.html R.N. Khemka Enterprises Private Ltd. Vs PCIT (ITAT Delhi) ITAT Delhi held that a solitary opportunity of one day to respond to show
Strict rules of evidence as applicable in a criminal trial, are not applicable in motor accident compensation cases: SC
Clipped from: https://taxguru.in/corporate-law/strict-rules-of-evidence-as-applicable-in-a-criminal-trial-are-not-applicable-in-motor-accident-compensation-cases-sc.html Rajwati @Rajjo & Ors. Vs United India Insurance Company Ltd. & Ors. (Supreme Court of India) Conclusion: The Hon’ble Supreme Court held that that
Income Tax Authorities should Charge Legitimate Taxes from Taxpayers: ITAT
Clipped from: https://www.taxscan.in/income-tax-authorities-should-charge-legitimate-taxes-from-taxpayers-itat/237984/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Authorities%20shoul By Taxscan Team – On December 24, 2022 10:09 am In a recent ruling while slamming the income tax department for ignoring the grievance of the
Loan app firm resorts to hoax call: Defaulter making bombs | India News – Times of India*
Clipped from: https://timesofindia.indiatimes.com/city/chennai/loan-app-firm-resorts-to-hoax-call-defaulter-making-bombs/articleshow/96465374.cms CHENNAI: Harassment by agents of app-based loan companies went a notch higher than usual when an agent made a hoax call to a
Equity markets buckle under Covid scare – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/markets/equity-markets-buckle-under-covid-scare/article66298372.ece Sensex down 981 points, Nifty breaches 18,000-mark The bloodbath in the market had shaved off ₹5.5-lakh crore of investors wealth on Friday Rapidly
IMF pitches for careful calibration of monetary policy tightening – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/economy/imf-pitches-for-careful-calibration-of-monetary-policy-tightening/article66297739.ece Says spillovers from the Ukraine war can cause disruptions in global food, energy markets, with significant impact on India A sharp global growth
Google approaches NCLAT against CCI’s order on Android devices – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/google-approaches-nclat-against-ccis-order-on-android-devices/article66298032.ece Company challenges the order saying it is a set back for OEMs, users The CCI in October slapped a penalty of ₹1,337.76 crore
Is a fair price system for gas emerging? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/is-a-fair-price-system-for-gas-emerging/article66299280.ece The Parikh panel adopts a cautious approach on gas pricing. Piecemeal attempts at deregulation will not lead to a robust market Gas demand
The airlines we deserve | Business Standard Column*****
Clipped from: https://www.business-standard.com/article/opinion/the-airlines-we-deserve-122122201236_1.html Two stories this week showed what’s wrong with the attitudes of airlines and passengers Two aviation stories that appeared in the media this
China reports 37 mn infections a day, rings Covid-19 alarm bells | Business Standard News*
Clipped from: https://www.business-standard.com/article/international/china-reports-37-mn-infections-a-day-rings-covid-19-alarm-bells-122122301221_1.html Beijing’s swift dismantling of Covid Zero restrictions has led to the unfettered spread of the highly contagious omicron variants in a population with
Passengers to get full refund when downgraded from higher cabin: DGCA | Business Standard News*
Clipped from: https://www.business-standard.com/article/current-affairs/passengers-to-get-full-refund-when-downgraded-from-higher-cabin-dgca-122122300702_1.html Regulator’s rules do not say what compensation an airline needs to give to a passenger affected by ticket downgrade If an airline is
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