https://www.financialexpress.com/economy/digital-economy-to-contribute-over-20-of-indias-gdp-by-2026-union-minister-rajeev-chandrasekhar/3213563/ Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday forecast that the digital economy will contribute more than 20 per
Month: August 2023
Axis Bank goes live on RBI’s Public Tech Platform for Frictionless Credit to offer MSME loans, Kisan Credit Card
https://www.financialexpress.com/industry/sme/axis-bank-goes-live-on-rbis-public-tech-platform-for-frictionless-credit-to-offer-msme-loans-kisan-credit-card/3213722/ Unsecured loans for MSMEs: Private sector lender Axis Bank on Thursday announced offering up to Rs 10 lakh unsecured MSME loans and Kisan Credit Card
MSME jobs cross 13-crore mark; this many women employed so far
https://www.financialexpress.com/industry/sme/msme-jobs-cross-13-crore-mark-this-many-women-employed-so-far/3213989/ Employment by MSMEs: The MSME sector has crossed the figure of 13 crore jobs generation including more than 3 crore women workers, said MSME Minister
🙏🙏🙏🙏🙏Unhealthy prescription
https://www.business-standard.com/opinion/columns/unhealthy-prescription-123081600878_1.html The National Medical Commission’s (NMC’s) regulation stipulating that doctors prescribe only generic drugs, failing which they would be liable to be penalised, represents a
🙏🙏👍🙏🙏🙏🙏Turning AI challenge into golden opportunity
https://www.business-standard.com/opinion/columns/turning-ai-challenge-into-golden-opportunity-123081600896_1.html Notwithstanding the many benefits that Generative Artificial Intelligence (AI) promises, it also casts a shadow of massive job losses. At risk are repetitive and
💐Exports to UK holding up among top 10 destinations of Indian exports
https://www.business-standard.com/economy/news/exports-to-uk-holding-up-among-top-10-destinations-of-indian-exports-123081600764_1.html Among India’s top 10 export destinations, India’s merchandise exports in the first four months (April-July) of 2023-24 expanded only to the United Kingdom (UK)
Fitch warns rapid growth in unsecured retail credit needs management
https://www.business-standard.com/economy/news/fitch-warns-rapid-growth-in-unsecured-retail-credit-needs-management-123081600580_1.html Global rating agency Fitch on Wednesday warned that rapid loan growth, especially in unsecured retail credit, needs careful management to avoid a spike in
CBDT issues detailed guidelines on taxation of traditional policies
https://www.business-standard.com/economy/news/cbdt-issues-detailed-guidelines-on-taxation-of-traditional-policies-123081600836_1.html The Central Board of Direct Taxes (CBDT) has released detailed guidelines concerning the alterations in the taxation of life insurance policies under clause (10D)
🙏🙏🙏🙏🙏Centre will ‘intensify’ efforts to control inflation: TV Somanathan
https://www.business-standard.com/economy/news/centre-will-intensify-efforts-to-control-inflation-tv-somanathan-123081600721_1.html The central government will take a medium-term view while intensifying efforts to reduce the inflationary burden, and will avoid any knee-jerk reaction to transitory
July inflation raises more than ‘transient’ questions
https://www.thehindubusinessline.com/opinion/editorial/july-inflation-raises-more-than-transient-questions/article67201943.ece There are several aspects of the latest retail inflation numbers for July that need to be dissected – besides the obvious fact that it
Reports show 62% jump in phishing attacks last year
https://www.thehindubusinessline.com/info-tech/reports-show-62-jump-in-phishing-attacks-last-year/article67201918.ece Phishing attacks have increased 62 per cent over the last year, according to the Securonix 2023 Threat Report. The number of vacation-related phishing attacks
🙏🙏🙏🙏🙏Incremental CRR: A painful pill for the economy?
The Reserve Bank of India (RBI) announced on August 10 that it will be imposing an incremental cash reserve ratio (ICRR) of 10 per cent
CBDT issues guidelines on ‘life insurance policy’ related taxation tweak of Finance Act 2023
https://www.thehindubusinessline.com/economy/cbdt-issues-guidelines-on-life-insurance-policy-related-taxation-tweak-of-finance-act-2023/article67202672.ece The Central Board of Direct Taxes (CDT) has issued guidelines on the recent Finance Act 2023 which introduced changes in taxation of life insurance
🙏🙏🙏🙏🙏Need to push e-Rupee
https://www.thehindubusinessline.com/opinion/need-to-push-e-rupee/article67202750.ece E-Rupee does not need a bank account to operate and can be used for offline transactions too | Photo Credit: Kachura Oleg Unified payments
🙏🙏🙏🙏🙏Can endorsers of health and wellness brands be made accountable?
https://www.thehindubusinessline.com/opinion/can-endorsers-of-health-and-wellness-brands-be-made-accountable/article67202781.ece The government has issued additional guidelines for people who claim to be health and wellness celebrities and influencers | Photo Credit: Volodymyr Kryshtal Celebrity
🙏🙏🙏🙏🙏Guidelines on generic medicines welcome
Read more at: https://www.deccanherald.com/opinion/editorial/guidelines-on-generic-medicines-welcome-2648867 https://www.deccanherald.com/opinion/editorial/guidelines-on-generic-medicines-welcome-2648867 The National Medical Commission (NMC) has done well to take steps to better enforce the use of generic medicines by issuing
Unlocking operational efficiency of MSMEs: The power of increased credit access
https://www.financialexpress.com/industry/sme/unlocking-operational-efficiency-of-msmes-the-power-of-increased-credit-access/3207689/ By Jayanth Murthy Credit access to MSMEs: In today’s rapidly evolving business landscape, micro, small, and medium-sized enterprises (MSMEs) face numerous challenges that hinder their
Tax Talk: Omitting additional income in ITR may get you tax notice
https://www.financialexpress.com/money/tax-talk-omitting-additional-income-in-itr-may-get-you-tax-notice/3211488/ By Neeraj Agarwala Recent reports of the income tax department issuing notices to salaried employees have sparked concerns in all individual taxpayers’ minds. These
Though things look rosy on the growth front, the RBI cannot take its eyes off the inflation scenario
https://www.thehindubusinessline.com/opinion/fight-against-inflation-is-not-over/article67198732.ece Policy rate cycles are typically asymmetric. While policy accommodations are rapid, policy tightening is generally slow and calibrated. This time, the policy responses to
‘No plans to reconsider rice export ban as food inflation spikes
With food inflation hitting a 39-month high in July 2023, the Centre is not in a position to reconsider the recent export ban on non-basmati rice
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