Clipped from: https://www.business-standard.com/article/international/us-treasury-secy-yellen-says-no-federal-bailout-for-silicon-valley-bank-123031200710_1.html Yellen tried to reassure Americans that there will be no domino effect after the collapse of Silicon Valley Bank Treasury Secretary Janet Yellen said Sunday
Month: March 2023
👍👍👍👍👍Little impact of SVB failure seen on macro-economy, say govt officials | Business Standard News
lipped from: https://www.business-standard.com/article/finance/see-negligible-impact-from-svb-bank-failure-say-govt-officials-123031200744_1.html Startup sector may be face liquidity issues; exposure of Indian banks to SVB yet to be ascertained The implosion of California-based lender Silicon
–No deemed rent addition for property which is not habitable
Clipped from: https://taxguru.in/income-tax/deemed-rent-addition-property-habitable.html Manindra Mohan Mazumdar Vs ACIT (ITAT Kolkata) CIT(A) while dealing with the assessee’s appeal casually dealt with the issue and in the finding
–Section 153C Assessments based on Invalid Notices are liable to be quashed
Clipped from: https://taxguru.in/income-tax/section-153c-assessments-based-invalid-notices-liable-quashed.html Malik Network & Computer P. Ltd. Vs ITO (ITAT Delhi) One of the controversies in the present case arises towards computation of limitation
–Allowability of depreciation on Buildings/Godowns Used by Co-op Society who claims section 80P deduction
Clipped from: https://taxguru.in/income-tax/allowability-depreciation-buildings-godowns-used-co-op-society-claims-section-80p-deduction.html M.P. State Cooperative Marketing Federation Ltd. Vs ACIT (ITAT Indore) ITAT held that it was unable to verify certain facts relevant to the
👍👍👍👍👍👍👍Fate of section 148 Notices for AY 2013-14 and AY 2014-15 still hanging
Clipped from: https://taxguru.in/income-tax/fate-section-148-notices-ay-2013-14-ay-2014-15-hanging.html Objective The Author in this article discusses the differing views taken by two high courts (exactly opposing views) on the question of limitation as to
👍Link PAN with Aadhaar by March 31: SEBI direction to Investors
Clipped from: https://taxguru.in/sebi/link-pan-aadhaar-march-31-sebi-direction-investors.html Linking of PAN with Aadhaar to be done by March 31, 2023 HOW TO LINK PAN WITH AADHAAR Enter the OTP received on
👍SVB’s auction block includes VC-focused lender, wealth unit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/svbs-auction-block-includes-vc-focused-lender-wealth-unit/articleshow/98567560.cms Synopsis Major banks are likely to at least explore purchasing SVB businesses given their manageable size and the attractive client base of tech
👍Nearly 60 YC-backed Indian startups have deposits stuck in Silicon Valley Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/nearly-60-yc-backed-indian-startups-have-deposits-stuck-in-silicon-valley-bank/articleshow/98568604.cms Synopsis These particularly include startups backed by the famed Silicon Valley accelerator Y Combinator (YC). At least 40 YC-backed Indian startups have $250,000
–Why should cybersecurity become top priority for SMEs | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-tech-why-should-cybersecurity-become-top-priority-for-smes/3005680/ Technology for MSMEs: SMEs can no longer delay investing in cybersecurity if they want to keep their business safe and operational. With the
–Managing finances is key to SMEs success | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-managing-finances-is-key-to-smes-success/3005685/ Credit and Finance for MSMEs: Founders should recognise that all sources of funds are liabilities and not gifts. The money raised today will
–The noise in the economic data | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-noise-in-the-economic-data/3005285/ There is a need to assess the extent to which economic activity gets reflected by some of the indicators used to estimate GDP.
–Unfair game | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/unfair-game/3005288/ The RCap case brings to the fore the conflict between value maximisation and insolvency process sanctity The NCLAT has recently given its nod
👍👍👍👍👍👍👍SVB collapse a sign of pain coming from end of easy-cash era – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/svb-collapse-a-sign-of-pain-coming-from-end-of-easy-cash-era/article66605280.ece Silicon Valley Bank sought funds to offset a hit on a $21 billion bond portfolio due to surging rates as customers withdrew deposits.
👍👍👍👍👍👍👍What caused Silicon Valley Bank’s failure? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/what-caused-silicon-valley-banks-failure/article66606332.ece Here is the sequence of events that led to Silicon Valley Bank’s failure: A locked door to a Silicon Valley Bank location on
SVB shutdown sends shockwaves through Silicon Valley as CEOs race to make payroll – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/svb-shutdown-sends-shockwaves-through-silicon-valley-as-ceos-race-to-make-payroll/article66606452.ece SVB Financial Group was shuttered by California banking regulators in a bid to protect depositors following a dive in the value of its
👍👍👍How will presumptive tax scheme apply for self-employed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-application-of-presumptive-taxation-scheme-for-self-employed/article66599695.ece A person who opts for presumptive taxation is deemed to have claimed all deduction of expenses While computing income as per the provisions
👍👍👍👍👍SVB chief sold $3.6 million in stock days before bank’s failure – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/svb-chief-sold-36-million-in-stock-days-before-banks-failure/article66607906.ece The sale of 12,451 shares on February 27 was the first time in more than a year that Becker had sold shares in
👍👍👍👍👍Indian SaaS and YC-backed start-ups may feel the heat of SVB shutdown – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/indian-saas-and-yc-backed-start-ups-may-feel-the-heat-of-svb-shutdown/article66607856.ece Majority of Indian SaaS companies had exposure to Silicon Valley Bank A major US lender and bank of choice for Indian start-ups operating in the
👍👍👍No SVB-like scenario in India; banks are on a strong footing, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/no-svb-like-scenario-in-india-banks-are-on-a-strong-footing-say-analysts-123031000534_1.html The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced
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