Clipped from: https://www.thehindubusinessline.com/money-and-banking/cad-doubles-to-all-time-high-of-364-billion-in-q2-up-nearly-4-times-on-year/article66317940.ece Trade deficit, primary income outweighed services surplus: ICRA Close up view of calculator over brand new indian 10, 50, 100, 200, 500 and
Month: December 2022
Editorial Bubble bursts – The Hindu BusinessLine
nvestors now more discerning about IPOs IPO (initial public offering) | Photo Credit: Ildo Frazao Fund raising through primary market for equity offerings was more
Vizhinjam will make a good port – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/vizhinjam-will-make-a-good-port/article66317154.ece It has depth to allow large vessels. A transhipment port,it can wean away Indian cargo from Colombo Vizhinjam has all the features of
‘Insurgent’ justice | Business Standard News
Clipped from: https://www.business-standard.com/article/beyond-business/insurgent-justice-122122601049_1.html Human rights activist and lawyer K G Kannabiran’s memoir, translated into English from Telugu by his daughter, is a book worth reading and
Banks using quality liquid assets to fund loan growth: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-drawdown-hqlas-to-fund-country-s-growing-credit-demand-rbi-report-122122901120_1.html Credit growth in the system has touched a decade high, a level seen last in 2011 The decadal high credit growth amid slow deposit accretion
87% app makers don’t pay for Apple store, 97% for Google Play: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/only-17-out-of-21-000-app-developers-pay-apple-30-commission-report-122122900990_1.html Apple and Google charge up to 30% commission from software developers Contrary to popular perception, only 0.08 per cent or just 17 of
Strengthening cybersecurity | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/strengthening-cybersecurity-122122901303_1.html Govt must address vulnerabilities The reported illegal offer for sale of the private data of some 30 million railway passengers is the latest
Dumping ground | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/dumping-ground-122122901289_1.html India is a key importer of hazardous waste The unregulated nature of the waste management industry in India has turned the country into a vast
India-Australia FTA to help bilateral trade cross $70 bn in next 5 years | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-australia-fta-to-help-bilateral-trade-cross-70-bn-in-next-5-years-122122900412_1.html FTA between India and Australia will help boost bilateral trade in goods and services to cross $70 billion in the next five years,
Ahmedabad, Kolkata & Pune most affordable housing markets in 2022: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/ahmedabad-kolkata-pune-most-affordable-housing-markets-in-2022-report-122122900520_1.html Despite showing the maximum improvement since 2011, Mumbai was the least affordable city in India in 2022: Knight Frank With an affordability ratio
Customers saved Rs 1,515 crore using discounts on BigBasket in 2022 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/customers-saved-rs-1-515-crore-using-discounts-on-bigbasket-in-2022-122122901218_1.html BigBasket served a total of 8.5 million households enabled by a fleet of 35,565 delivery partners Online grocery platform BigBasket delivered over 160 million orders in
Mere non-payment of tax or non-discharge of liability does not suffice ingredients for invoking extended period
Clipped from: https://taxguru.in/service-tax/mere-non-payment-tax-non-discharge-liability-suffice-ingredients-invoking-extended-period.html Principal Commissioner, Service Tax Vs National Institute of Bank Management (CESTAT Mumbai) Mere non-payment of tax or non-discharge of liability does not suffice
Capital Gains on Transfer of Residential House Property – Section 54 Exemption
Clipped from: https://taxguru.in/income-tax/capital-gains-transfer-residential-house-property-section-54-exemption.html Introduction A person who has sold his old house and from the sale proceeds he has purchased another house. In this case the
Addition of unexplained cash credit unsustainable in absence of rejection of books of accounts
lipped from: https://taxguru.in/income-tax/addition-unexplained-cash-credit-unsustainable-absence-rejection-books-accounts.html Rahul Cold Storage Vs ITO (ITAT Raipur) ITAT Raipur held that addition u/s 68 as unexplained cash credit unsustainable as AO has not
TDS deductible u/s 194C in case of Common Area Maintenance charges
Clipped from: https://taxguru.in/income-tax/tds-deductible-194c-case-common-area-maintenance-charges.html Johnson Watch Company Pvt. Ltd. Vs ACIT (ITAT Delhi) ITAT Delhi held that as common area maintenance (CAM) charges are for maintenance of
Analysis of input tax credit (ITC)
Clipped from: https://taxguru.in/goods-and-service-tax/analysis-input-tax-credit-itc.html INTRODUCTION These days we are hearing a lot in news that India’s position in world’s bank ranking on ease of doing business has
Loss by writing off inventory disallowed in absence of necessary evidence
Clipped from: https://taxguru.in/income-tax/loss-writing-inventory-disallowed-absence-evidence.html Gem Spinners India Limited Vs ACIT (ITAT Chennai) ITAT Chennai held that disallowed the claim of loss on account of written off inventory
Turning tide: On India’s goods exports – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/turning-tide-the-hindu-editorial-on-indias-goods-export/article66314140.ece Sliding global demand is hurting manufacturing exports already and 2023 could be rougher India’s goods exports rebounded from a nearly 17% dip in
Recovery of GST during IBC Proceedings: CBIC Clarifies
Clipped from: https://www.taxscan.in/recovery-of-gst-during-ibc-proceedings-cbic-clarifies/239306/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Recovery%20of%20GST%20during%20IBC%20Proceedings:%20CBIC%20Clarifies By Rasheela Basheer – On December 27, 2022 9:31 pm The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification regarding the treatment
Retail loans can become a source of systemic risk, warns RBI – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/money-and-banking/retail-loans-can-become-a-source-of-systemic-risk-warns-rbi/article66312663.ece The central bank, however, was quick to add that it is well-equipped with its policy toolkit to handle any systemic risk that may
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