Clipped from: https://www.business-standard.com/article/finance/to-woo-more-customers-hdfc-aims-to-issue-1-mn-credit-cards-every-month-122121900115_1.html The bank wants to double the current pace of half a million new credit card issuances every month, according to Parag Rao, country
Month: December 2022
Fumes of failure | Business Standard Editorials*
Clipped from: https://www.business-standard.com/article/opinion/fumes-of-failure-122121800756_1.html Prohibition is damaging Bihar in multiple ways The death of over 70 people after consuming illicit liquor in Bihar offers a tragic reminder of why prohibition is,
Bad loans & IBC: Going as expected | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/bad-loans-ibc-going-as-expected-122121800768_1.html Indeed, the IBC has only proven how wide and deep corrupt banking practices in PSBs were Last week Union Finance Minister Nirmala Sitharaman
CBIC detects Rs 62K-crore GST evasion via fake invoices during past 3 years | Business Standard News***
Clipped from: https://www.business-standard.com/article/economy-policy/cbic-detects-rs-62-000-crore-of-gst-evasion-using-fake-invoices-122121800719_1.html Tax authorities have detected Rs 62,000 crore worth of goods and services tax (GST) evasion (or frauds) using fake invoices during the past
Online games with monetary bets likely to have a ‘child lock’ mechanism | Business Standard News***
clipped from: https://www.business-standard.com/article/technology/online-gaming-policy-may-mandate-age-gating-mechanism-for-real-money-games-122121800451_1.html MeitY could also call for formation of a self-regulatory organisation; policy release likely in 2-3 weeks The Ministry of Electronics and Information Technology
‘I see more of moonlighting as people look to expand their skills,’ says top Oracle exec – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/interviews/story/i-see-more-of-moonlighting-as-people-look-to-expand-their-skills-says-top-oracle-exec-354276-2022-11-25 Yvette Cameron, Senior Vice President of Global HCM Product Strategy at Oracle, holds forth on hybrid work, moonlighting, and the changing expectations of
RBL Bank well capitalised, depositors need not react to speculative reports: RBI – BusinessToday*
lipped from: https://www.businesstoday.in/industry/banks/story/rbl-bank-well-capitalised-depositors-need-not-react-to-speculative-reports-rbi-316943-2021-12-27 The Reserve Bank of India (RBI) has said that depositors and stakeholders associated with RBL Bank need to steer clear of any speculative
50K show-cause notices sent to companies, partnership firms after GST audit | Business Standard News*****
Clipped from: https://www.business-standard.com/article/economy-policy/50k-show-cause-notices-to-firms-over-discrepancies-in-audit-findings-122121800654_1.html The goods and services tax (GST) authorities have issued around 50,000 show-cause notices (SCN) to several companies and partnership firms across sectors, including
Four years and four challenges of RBI governor | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/four-years-and-four-challenges-of-rbi-governor-122121800721_1.html Shaktikanta Das is nimble-footed and open to ideas – a trapeze artist, and a master of the finest balancing act who listens to
HDFC Bank stock ends flat amid BoFA’s buy call – BusinessToday
Clipped from: https://www.businesstoday.in/markets/stocks/story/hdfc-bank-stock-ends-flat-amid-bofas-buy-call-356711-2022-12-16 The latest target price for HDFC Bank translates into a gain of 16.56% or Rs 270 against the previous close of Rs 1630.70
Five things to know about Reliance Industries stock in 2022 – BusinessToday
Clipped from: https://www.businesstoday.in/markets/company-stock/story/reliance-industries-stock-in-2022-mukesh-ambani-356658-2022-12-16 Reliance Industries stock in 2022: The direction of RIL stock has been affected by several factors such as weak global market sentiment due
Windfall tax on crude, diesel & jet fuel slashed | The Financial Express
lipped from: https://www.financialexpress.com/market/commodities/windfall-tax-on-crude-diesel-amp-jet-fuel-slashed/2917622/ The taxes were introduced on July 1, as the government felt that the elevated crude prices were allowing oil companies to make windfall
28% GST on gambling-like online games | The Financial Express
Clipped from: https://www.financialexpress.com/economy/28-gst-on-gambling-like-online-games/2918171/ The GoM report on online gaming, horse racing and casinos was not discussed at the GST Council on its meeting on Saturday. “It
GST panel relaxes prosecution norms | The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-panel-relaxes-prosecution-norms/2918162/ With regard to decriminalisation under GST, the council decided to raise the minimum threshold of tax amount for launching prosecution under GST to
Centre, states look to widen GST taxpayer base | The Financial Express
Clipped from: https://www.financialexpress.com/economy/centre-states-look-to-widen-gst-taxpayer-base/2918179/ Gujarat is working on PAN-based linkage of businesses while Madhya Pradesh is looking at exchange of data with power distribution companies. Maharashtra is
Wall St Week Ahead-U.S. bank stocks falter as recession worries take hold | The Financial Express
lipped from: https://www.business-standard.com/article/international/imf-approves-3-bn-loan-to-egypt-amid-high-inflation-forex-funds-shortage-122121800041_1.html The International Monetary Fund (IMF) has said that its executive board had approved a loan to Egypt of about $3 billion over 46
IMF approves $3-bn loan to Egypt amid high inflation, forex funds shortage | Business Standard News
lipped from: https://www.business-standard.com/article/international/imf-approves-3-bn-loan-to-egypt-amid-high-inflation-forex-funds-shortage-122121800041_1.html The International Monetary Fund (IMF) has said that its executive board had approved a loan to Egypt of about $3 billion over 46
Google removes around 7,599 YouTube channels over spam reports in China | Business Standard News
Clipped from: https://www.business-standard.com/article/international/google-removes-around-7-599-youtube-channels-over-spam-reports-in-china-122121800288_1.html Google removed thousands of YouTube channels last month, including 7,599 channels, 1 AdSense account, and 3 Blogger blogs as part of investigation into
Traders boycott Chinese goods, CTI asks Piyush Goyal to amend import policy | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/traders-boycott-chinese-goods-cti-asks-piyush-goyal-to-amend-import-policy-122121800026_1.html The Chamber of Trade and Industry (CTI) wrote to Union Commerce Minister Piyush Goyal urging him for a change in the import policy
On balance, India is in a sweet spot | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/on-balance-india-is-in-a-sweet-spot-122121800461_1.html We have emerged as a source of global economic stability and are still the fastest-growing large economy Having successfully navigated the pain points
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