Clipped from: https://www.businesstoday.in/opinion/columns/story/indian-msmes-need-a-unified-credit-market-to-bridge-the-rs-25-lakh-crore-credit-gap-377442-2023-04-14 The current Indian debt market suffers from three major problems which impact enterprises significantly: high cost of capital, high cost of servicing, and
Day: April 23, 2023
👍👍👍👍👍There’s been a creeping erosion of central bank authority globally – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/theres-been-a-creeping-erosion-of-central-bank-authority-globally/article66770561.ece They were supposed to be the controlling authorities but, instead, are very much the controlled authorities now What’s the biggest but seemingly unsolvable
👍👍👍👍👍Over 30,000 merchants have joined ONDC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/over-30000-merchants-have-joined-ondc/article66769513.ece?cx_testId=22&cx_testVariant=cx_1&cx_artPos=1&cx_experienceId=EX8OXMB4HBZD#cxrecs_s 46 ‘network participants’ have joined ONDC The Government of India’s idea of creating a network of market participants, the Open Network for Digital Commerce (ONDC),
👍👍👍👍👍Save the planet by slashing food waste – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/save-the-planet-by-slashing-food-waste/article66764704.ece Saving food. Food losses and wastes contribute 8-10 per cent of the world’s greenhouse gas emissions, besides adding to food insecurity Every year
The runway for mortgage finance in the country is immense: Deepak Parekh
Clipped from: https://www.business-standard.com/companies/news/the-runway-for-mortgage-finance-in-the-country-is-immense-deepak-parekh-123042200394_1.html “Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be
Reliance Industries withdraws proposal to merge subsidiary RNEL with itself
lipped from: https://www.business-standard.com/companies/news/reliance-industries-withdraws-proposal-to-merge-subsidiary-rnel-with-itself-123042200749_1.html RNEL will undertake the conglomerate’s new energy/renewable energy business Photo: Shutterstock Listen to This Article Reliance Industries (RIL) on Saturday said the company’s
👍India is emerging as a hub for complex, high-end surgeries, treatment
Clipped from: https://www.business-standard.com/industry/news/india-emerges-as-a-hub-for-complex-high-end-surgeries-123042300310_1.html India is not only performing complex surgeries but is also setting new standards of care prompting more and more people to travel to
👍Google halts 80-acre San Jose campus due to economic slowdown: Report
Clipped from: https://www.business-standard.com/world-news/google-s-halts-80-acre-san-jose-campus-due-to-economic-slowdown-report-123042300362_1.html Google has no plans to revive the project in the near future Photo: Bloomberg Listen to This Article Google has stopped the construction
GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-evasion-taxmen-using-data-analytics-to-identify-missing-link-in-supply-chain/articleshow/99703434.cms Synopsis The modus operandi adopted by fraudsters included short payment of tax by undervaluing taxable goods and services, wrong availment of exemption notifications,
👍👍👍No section 271B penalty for not getting Account Audited due to health issues
Clipped from: https://taxguru.in/income-tax/section-271b-penalty-account-audited-due-health-issues.html Suryavathi Gandiboina Vs ACIT (ITAT Hyderabad) A perusal of the various details filed by the assessee shows that the assessee was not keeping
👍Section 143(3) order invalid if Passed without Issuing Section 143(2) notice
Clipped from: https://taxguru.in/income-tax/section-1433-order-invalid-passed-issuing-section-1432-notice.html Manjit Kaur Vs ITO (ITAT Chandigarh) ITAT held that the assessment order is bad in law for the reason that the assessing authority
👍Rs. 20000 Limit under section 269SS & 269T is person wise
Clipped from: https://taxguru.in/income-tax/rs-20000-limit-section-269ss-269t-person-wise.html Shri Deepak Mata Vs JCIT (ITAT Jaipur) Bench found that the plain reading of both the Sections denotes that Section 269SS is attracted
👍👍👍👍👍👍👍Registration Under GST – Who Must Register
Clipped from: https://taxguru.in/goods-and-service-tax/registration-gst-register.html GST (GOODS & SERVICES TAX) is applicable in India from 01/07/2017, under the supervision of our honorable prime minister Mr Narendra Modi. GST replaced other
ICICI Bank Q4 net profit rises 30% to Rs 9,122 crore on margin expansion
lipped from: https://www.business-standard.com/companies/results/icici-bank-q4-net-profit-rises-30-to-rs-9-122-crore-on-margin-expansion-123042200588_1.html ICICI Bank’s yield on advances was 9.75 per cent during the January-March quarter, and in the previous quarter it was 9.13 per cent
Govt likely to announce retail trade policy, accident insurance scheme soon
Clipped from: https://www.business-standard.com/india-news/govt-likely-to-announce-retail-trade-policy-accident-insurance-scheme-soon-123042300209_1.html The government is expected to announce a national retail trade policy and an accident insurance scheme soon with a view to supporting GST-registered
The HR ailment of public sector banks
clipped from: https://www.business-standard.com/opinion/columns/the-hr-ailment-of-public-sector-banks-123042300314_1.html Incidents of suicides highlight the prevalent work culture in PSBs It may sound like an apocryphal story. But it’s not. Early March, when
👍👍👍More interest rate hikes done than necessary: MPC’s Jayanth Varma
More interest rate hikes done than necessary: MPC’s Jayanth Varma https://economictimes.indiatimes.com/news/economy/policy/more-interest-rate-hikes-done-than-necessary-mpcs-jayanth-varma/articleshow/99682812.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
👍👍👍👍👍Addition u/s. 68 merely based on SMS or WhatsApp messages without corroborative evidence unsustained
Clipped from: https://taxguru.in/income-tax/addition-u-s-68-based-sms-whatsapp-messages-corroborative-evidence-unsustained.html Atul Tantia Vs DCIT (ITAT Kolkata) ITAT Kolkata held that addition towards undisclosed income u/s 68 of the Income Tax Act merely based
👍👍👍👍👍👍👍Section 18: Availability of Input Tax Credit Under Special Circumstances
Clipped from: https://taxguru.in/goods-and-service-tax/section-18-availability-input-tax-credit-special-circumstances.html What does Section 18 say: Section 18 of the CGST ACT 2017 talks about the Input Tax Credit availability under special circumstances such as in
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