Day: October 9, 2023
Rate decision signal of concern, uncertainty
https://www.deccanherald.com/opinion/editorial/rate-decision-signal-of-concern-uncertainty-2717861 Clipped from: https://www.deccanherald.com/opinion/editorial/rate-decision-signal-of-concern-uncertainty-2717861 RBI Governor Shaktikanta Das. It was expected that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) would keep
Tax query– deductions on account of property taxes and 30% Standarddeduction –Courtesy BusinessLine 8.10.23
[1] property taxes allowed as deduction only on payment basis [2] 30% standard deduction on net annual value [ gross rent less property taxes ]–and
E-comm-integrated MSMEs better than non-integrated counterparts in turnover and profitability: ICRIER – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/e-comm-integrated-msmes-better-than-non-integrated-counterparts-in-turnover-and-profitability-icrier/article67399635.ece Clipped from: https://www.thehindubusinessline.com/economy/e-comm-integrated-msmes-better-than-non-integrated-counterparts-in-turnover-and-profitability-icrier/article67399635.ece Data is based on a survey encompassing 2,007 enterprises On average, micro, small, and medium enterprises (MSMEs) integrated with e-commerce platforms report
Vault Matters: How relevant is CASA these days? – The Hindu BusinessLine
https://www.thehindubusinessline.com/specials/current-account/vault-matters-how-relevant-is-casa-these-days/article67393767.ece Clipped from: https://www.thehindubusinessline.com/specials/current-account/vault-matters-how-relevant-is-casa-these-days/article67393767.ece CASA shouldn’t mean much, especially while dealing with smaller banks, and more so while dealing with small finance banks The ongoing interest
Mediation Act 2023 will help in further enhancing ease of doing business–Arbitration Act 1996 has largely failed to click of late –Courtesy BusinessLine 9.10.23
This should help improve ease of doing business. Let us wait for Mediation Council to be set up
Decoding the grievance redressal process in DPDP Act – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/decoding-the-grievance-redressal-process-in-dpdp-act/article67340728.ece Clipped from: https://www.thehindubusinessline.com/business-laws/decoding-the-grievance-redressal-process-in-dpdp-act/article67340728.ece Data fiduciaries, entities which determine the purpose and means of processing personal information, have certain obligations towards the data principals including access
ENA used for distilling alcoholic liquor for human consumption outside GST to give cost comfort to industry – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/ena-used-for-distilling-alcoholic-liquor-for-human-consumption-outside-gst-to-give-cost-comfort-to-industry/article67395856.ece Clipped from: https://www.thehindubusinessline.com/economy/ena-used-for-distilling-alcoholic-liquor-for-human-consumption-outside-gst-to-give-cost-comfort-to-industry/article67395856.ece GST Council recommended keeping ENA used for the manufacture of alcoholic liquor for human consumption outside GST Alcoholic beverage companies may get
Remittances received in Vostro account to qualify as export of services, ending disputes on GST refunds – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/remittances-received-in-vostro-account-to-qualify-as-export-of-services-ending-disputes-on-gst-refunds/article67395600.ece Clipped from: https://www.thehindubusinessline.com/economy/remittances-received-in-vostro-account-to-qualify-as-export-of-services-ending-disputes-on-gst-refunds/article67395600.ece When an Indian importer wants to make a payment to a foreign trader in rupees, the amount will be credited to this
How new centralised verification mechanism will make deceased investor asset claims easier – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/personal-finance/how-new-centralised-verification-mechanism-will-make-deceased-investor-asset-claims-easier/article67387366.ece Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-new-centralised-verification-mechanism-will-make-deceased-investor-asset-claims-easier/article67387366.ece The proposed process has uniformity and brings all the strands together One of the most important but uncomfortable discussions is the one
With food inflation limited to dal roti, why govt policy may need changes
Clipped from: https://indianexpress.com/article/explained/explained-economics/with-food-inflation-limited-to-dal-roti-why-govt-policy-may-need-changes-8974046/ With food inflation now largely limited to cereals and pulses, the government may need to start addressing concerns of producers as much as
Don’t compromise with wilful defaulters – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/dont-compromise-with-wilful-defaulters/article67396977.ece Clipped from: https://www.thehindubusinessline.com/opinion/dont-compromise-with-wilful-defaulters/article67396977.ece The intent and spirit of measures taken post IBC to bring wilful defaulters to book will get diluted Recently, the Reserve Bank
Remittances received in Vostro account to qualify as export of services, ending disputes on GST refunds – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/remittances-received-in-vostro-account-to-qualify-as-export-of-services-ending-disputes-on-gst-refunds/article67395600.ece Clipped from: https://www.thehindubusinessline.com/economy/remittances-received-in-vostro-account-to-qualify-as-export-of-services-ending-disputes-on-gst-refunds/article67395600.ece When an Indian importer wants to make a payment to a foreign trader in rupees, the amount will be credited to this
GST impact– Personal guarantee offered by directors –Courtesy Business Standard
https://www.business-standard.com/economy/news/personal-guarantee-to-attract-18-gst-in-exceptional-considerations-123100800732_1.html Clipped from: https://www.business-standard.com/economy/news/personal-guarantee-to-attract-18-gst-in-exceptional-considerations-123100800732_1.html Centre to issue circular soon outlining scenarios, which could trigger tax liability Listen to This Article The personal guarantee offered by directors
Beyond the bond market’s message
https://www.business-standard.com/opinion/columns/beyond-the-bond-market-s-message-123100800984_1.html Clipped from: https://www.business-standard.com/opinion/columns/beyond-the-bond-market-s-message-123100800984_1.html Unlike in the past, when India and other developing markets caught a cold when the US sneezed, the situation is somewhat different
Sebi’s concerns on mis-selling are valid, but a bigger pool of credible investment advisors needs easing of rules | The Financial Express
https://www.financialexpress.com/opinion/sebis-concerns-on-mis-selling-are-valid-but-a-bigger-pool-of-credible-investment-advisors-needs-easing-of-rules/3266447/ Clipped from: https://www.financialexpress.com/opinion/sebis-concerns-on-mis-selling-are-valid-but-a-bigger-pool-of-credible-investment-advisors-needs-easing-of-rules/3266447/ Self-proclaimed financial gurus, with lakhs of followers, run investment advisory services online without any registration. X Securities and Exchange Board of India
The number of new jobs created in FY20-FY23 may be much smaller than claimed | The Financial Express
https://www.financialexpress.com/opinion/the-number-of-new-jobs-created-in-fy20-fy23-may-be-much-smaller-than-claimed/3266467/ Clipped from: https://www.financialexpress.com/opinion/the-number-of-new-jobs-created-in-fy20-fy23-may-be-much-smaller-than-claimed/3266467/ The NPS data showed 824,000 new subscribers in FY23 (both central and state). In the last four years’ data, around 3.1 million
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