lipped from: https://www.business-standard.com/article/finance/upi-processes-record-7-82-bn-transactions-in-december-ends-2022-on-a-high-123010100141_1.html In the calendar year 2022, UPI processed over 74 billion transactions, worth Rs 125.94 trillion, NPCI data showed India’s flagship payment platform, the Unified
Day: January 1, 2023
Is it time for state-run banks to end industry-wide wage pacts? | Business Standard News***
Clipped from: https://www.business-standard.com/article/finance/is-it-time-for-state-run-banks-to-end-industry-wide-wage-pacts-123010100550_1.html While there is still a large talent pool in state-run banks, the reality is that it may not walk in as in the
Outbound travel picks up, India remains top source for several countries | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/outbound-travel-picks-up-india-remains-top-source-for-several-countries-123010100106_1.html Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals While
Corporate tax collection to GDP ratio exceeds 3% after two years in FY’22 | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/corporate-tax-collection-to-gdp-ratio-exceeds-3-after-two-years-in-fy-22-123010100074_1.html However, the corporate tax collection is yet to surpass its five-year high of 3.51 per cent of GDP recorded in 2018-19 Corporate tax
PM’s vision for 2023 is mobile phone exports of Rs 1 trn: R Chandrasekhar | Business Standard News***
Clipped from: https://www.business-standard.com/article/economy-policy/pm-s-vision-for-2023-is-mobile-phone-exports-of-rs-1-trn-r-chandrasekhar-123010100351_1.html PM Modi’s vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India,
Digital economy poised for strong 2023, says MoS IT Rajeev Chandrasekhar | Business Standard News***
Clipped from: https://www.business-standard.com/article/economy-policy/digital-economy-poised-for-strong-2023-says-mos-it-rajeev-chandrasekhar-123010100429_1.html India’s digital prowess will grow in 2023 and over the next five years, driven by technology, start ups, semiconductors, electronics and computing, IT
Demand to exploration: Key warning signals for India’s gas industry in 2023 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/demand-to-exploration-key-warning-signals-for-india-s-gas-industry-in-2023-123010100557_1.html Consumers will be in trouble, given rising European demand from India’s traditional suppliers, the absence of gas storage facilities and the lack of
GST mop-up about Rs 1.5 trillion in Dec, third-highest ever: FinMin data | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/gst-mop-up-about-rs-1-5-trillion-in-dec-third-highest-ever-finmin-data-123010100431_1.html Gross goods and services tax (GST) collection for December rang up over Rs 1.49 trillion, the data released by the finance ministry showed. This is
Domestic passenger vehicles sales up 23% to record of 3.79 mn units in 2022 | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/domestic-passenger-vehicles-sales-up-23-to-record-of-3-79-mn-units-in-2022-123010100390_1.html Domestic passenger vehicles sales rose by 23 per cent to a record of 3.79 mn units in 2022 led by the likes of
Tata group remains the top business group; Adani shines the brightest | Business Standard News*
lipped from: https://www.business-standard.com/article/companies/tata-at-top-in-cy22-but-adani-group-biggest-gainer-with-104-rise-in-mcap-123010100566_1.html Seven out of top 10 family owned business group saw a decline in their market cap in CY22 The Tata group remained India’s top business
Rupee least misaligned in face of global spillovers: BI Guv Das – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rupee-is-the-least-misaligned-in-the-face-of-tsunamis-of-global-spillovers-rbi-guv-das/article66086875.ece ‘Fundamental factors that drive the exchange rate have also moved distinctly in India’s favour since 2013’ Reserve Bank of India (RBI) Governor Shaktikanta
Is MPC responsible for inflation? – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/opinion/is-mpc-responsible-for-inflation/article66082948.ece Inflation blues. Given the myriad domestic and global causes of price rise, monetary tools have limited play The announcement of an MPC meeting
Income Tax Dept reiterates disallowing expenses given to doctors by pharma companies – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/income-tax-dept-reiterates-disallowing-expenses-given-to-doctors-by-pharma-companies/article66103098.ece Provisions of Finance Act 2022 explain that claim of any expense incurred in providing benefits is in violation of Indian Medical Council Regulations
Tax dept cuts wait for adjustment-related refunds to 21 days – The Hindu BusinessLine*****
Clipped from: https://www.thehindubusinessline.com/economy/tax-dept-cuts-wait-for-adjustment-related-refunds-to-21-days/article66208754.ece Tax dept holds assessing officer responsible for delay in adjustment-related refund claims Taxpayers will get income tax refund sooner in case of adjustment.
Will display of caller ID help? – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/opinion/will-display-of-caller-id-help/article66192055.ece It is difficult to implement and could hurt the vulnerable sections of society further Rarely a day goes by when an average mobile
AAR & AAAR Weekly Round-Up***
Clipped from: https://www.taxscan.in/aar-aaar-weekly-round-up-6/241337/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=AAR%20&%20AAAR%20Weekly%20Round-Up By Taxscan Team – On January 1, 2023 11:37 am This weekend summary provides an analytical synopsis of the most major stories about the Goods and
Statutory Benefit of Capital Gain Exemption cannot be denied for Mere Inclusion of Wife’s Name on Purchase of New Property: Delhi HC quashes Re-Assessment*
Clipped from: https://www.taxscan.in/statutory-benefit-of-capital-gain-exemption-cannot-be-denied-for-mere-inclusion-of-wifes-name-on-purchase-of-new-property-delhi-hc-quashes-re-assessment/210147/ By Rasheela Basheer – On October 6, 2022 4:40 pm In a significant ruling, a division bench of the Delhi High Court has held that the
25 Important Income Tax High Court Judgments of 2022***
Clipped from: https://www.taxscan.in/25-important-income-tax-high-court-judgments-of-2022/241279/ By Manu Sharma A S – On January 1, 2023 2:57 pm The Himachal Pradesh High Court had held that, the assessee-Kangra Central Co-operative Bank Limited
ITAT orders Re-examination on Applicability of TDS u/s 195 of Income Tax Act on Payment made to Non-Residents*
Clipped from: https://www.taxscan.in/itat-orders-re-examination-on-applicability-of-tds-u-s-195-of-income-tax-act-on-payment-made-to-non-residents/240542/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20orders By Kalyani B Nair – On December 30, 2022 1:26 pm The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), ordered re-examination on applicability of TDS under Section 195
At 100 in 3 years, IHCL arm eyes 500 luxury homestays by FY 2026 | Business Standard News*****
Clipped from: https://www.business-standard.com/article/companies/hospitality-player-ihcl-s-ama-stays-trails-grows-by-500-in-three-years-122123000781_1.html Of the 61 operational properties which are all managed assets, around 21 properties are Tata company homes or bungalows When Tata-owned hospitality player
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