Clipped from: https://economictimes.indiatimes.com/markets/market-moguls/cad-green-hydrogen-growth-are-top-3-objectives-of-fm-in-budget-2023-anita-gandhi/articleshow/96984400.cms Synopsis This will lead to weaker exports for some more time. India’s CAD rose to 9 years’ high of 4.4% of GDP in
Month: January 2023
2023 MSME Outlook: 10 major developments in the new year small businesses cannot ignore | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-2023-10-major-developments-in-the-new-year-msmes-cannot-ignore/2926723/ Ease of doing business for MSMEs: Here’s what 2023 would mean for MSMEs from policy perspective as a number of developments in the
👍U.S. FDA pulls up Sun Pharma for lapses at Gujarat plant – The Hindu
Clipped from: https://www.thehindu.com/business/us-fda-pulls-up-sun-pharma-for-lapses-at-gujarat-plant/article66378518.ece The U.S. health regulator has pulled up drug major Sun Pharma for manufacturing lapses, including failure to follow appropriate written procedures designed to
👍Rise in government capital spending pushes investments up by 53% – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/rise-in-government-capital-spending-pushes-investments-up-by-53/article66374631.ece Fresh investments have surged 53% to ₹21.14 lakh crore so far in 2022-23, according to Projects Today; a 61% sequential rise in government
👍Credit expansion will taper down next year if deposits growth doesn’t rise: Axis Bank MD – The Hindu
Clipped from: https://www.thehindu.com/business/credit-expansion-will-taper-down-next-year-if-deposits-growth-doesnt-rise-axis-bank-md/article66374568.ece The handsome credit growth witnessed at present will taper down next year if deposit growth continues to lag behind, Axis Bank chief executive
👍What real estate expects – The Hindu
Clipped from: https://www.thehindu.com/real-estate/real-estate-expectations-union-budget-2023-recommendations/article66364372.ece With residential real estate bouncing back last year amid unfavourable conditions, Union Budget 2023 to be presented on February 1 should be able
With better leverage profile, power sector has more reserve energy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/with-better-leverage-profile-power-sector-has-more-reserve-energy/article66379061.ece Sector’s interest coverage ratio has been consistently improving in the recent years The BSE Power index, which declined 70 per cent from its
How the chemical stocks went high octane – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/portfolio/big-story/how-the-chemical-stocks-went-high-octane/article66373291.ece The chemicals sector has matured and is adding capacities to match its wide portfolio offering Amongst the many ways to play India growth
*Quarterly earnings, inflation data major factors to drive trends in equity market this week: Analysts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/quarterly-earnings-inflation-data-major-factors-to-drive-trends-in-equity-market-this-week-analysts/articleshow/97002754.cms Synopsis “On the global front, the US market will remain shut on Monday on account of Martin Luther King Jr Day. However, we
***HC quashes SCN for retrieval of matter from ‘Call book’ after 16 years
Clipped from: https://taxguru.in/excise-duty/hc-quashes-scn-retrieval-matter-call-book-16-years.html IDCOL Ferro Chrome & Alloys Ltd Vs Commissioner Central Excise, Customs & Service Tax (Orissa High Court) Court is unable to find any valid explanation
Alternative remedy is not an absolute bar if there is violation of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/alternative-remedy-absolute-bar-violation-natural-justice.html Mahendra Sponge and Power Limited Vs Assistant Commissioner State Tax (SGST) (Chhattisgarh High Court) The Hon’ble Chhattisgarh High Court in the matter of M/s
👍Economic data spreading cheer, jobs still a concern–Deccan Chronicle
Clipped from: https://www.deccanchronicle.com/opinion/dc-comment/130123/dc-edit-economic-data-spreading-cheer-jobs-still-a-concern.html Deccan Chronicle editorial analyases US and India data The country’s retail inflation eased to a one-year low of 5.72 per cent in December
The Google vs CCI slugfest and how it could impact Android users
Clipped from: https://indianexpress.com/article/explained/explained-sci-tech/the-google-vs-cci-slugfest-and-how-it-could-impact-android-users-8381476/ The CCI’s order “strikes a blow” at the efforts to accelerate digital adoption in the country, Google said, adding that the order against
*Nearly all of Beijing’s 22 mn population to get Covid by January-end: Study | Business Standard News
Clipped from: https://www.business-standard.com/article/international/nearly-all-of-beijing-s-22-mn-population-to-get-covid-by-january-end-study-123011400494_1.html About 92% of the people in China’s capital will have contracted Covid by the end of January, while 76% had already been infected
👍HDFC Bank’s Q3 net profit jumps 18.5% YoY on healthy interest income growth | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/hdfc-bank-s-q3-net-profit-jumps-18-5-yoy-on-healthy-interest-income-growth-123011400544_1.html Strong growth in net interest income boosts bottomline, provisions fall India’s largest private lender HDFC Bank on Saturday reported an 18.5 per cent year-on-year (YoY)
👍Budget 2023: Boosting credit, simplifying taxation for MSMEs must be govt’s top priority | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-budget-2023-boosting-credit-simplifying-taxation-for-msmes-must-be-govts-top-priority/2947079/ Credit and finance for MSMEs: The MSME industry, which has been the driving force of the Indian economy, has entered into the new
👍S. 40A(3) of Income Tax Act cannot be Invoked When No Single Transaction Exceeds Rs. 20,000: ITAT
Clipped from: https://www.taxscan.in/s-40a3-of-income-tax-act-cannot-be-invoked-when-no-single-transaction-exceeds-rs-20000-itat/245269/ The Income Tax Appellate Tribunal (ITAT), Kolkata ruled that the provisions of section 40A(3) of the Income Tax Act, 1961 cannot be attracted when there is not
Re-Assessment cannot be based on “Reason to Suspect”: ITAT
Clipped from: https://www.taxscan.in/re-assessment-cannot-be-based-on-reason-to-suspect-itat-read-order/245245/ The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the re-assessment under sections 147/148 of the Income Tax Act, 1961 shall be based on
🙏Co-op societies engaged in banking business eligible for section 80P deduction on interest income on bank deposits*
Clipped from: https://taxguru.in/income-tax/co-op-societies-engaged-banking-business-eligible-section-80p-deduction-interest-income-bank-deposits.html M.P. Police Sakh Sahkari Sanstha Maryadit Vs PCIT (ITAT Indore) Co-operative societies engaged in banking business are eligible for deduction u/s. 80P on
Invocation of section 147 untenable in absence of new/ fresh material indicating escapement of income***
Clipped from: https://taxguru.in/income-tax/invocation-section-147-untenable-absence-new-fresh-material-indicating-escapement-income.html Global Arkitekts P. Ltd. Vs ITO (ITAT Chennai) ITAT Chennai held that AO having chosen not to scrutinize the return cannot resort to
aniltikotekar4sme.com 