https://www.financialexpress.com/policy/economy-we-are-consciously-building-forex-reserves-rbi-governor-3447950 Clipped from: https://www.financialexpress.com/policy/economy-we-are-consciously-building-forex-reserves-rbi-governor-3447950/ India’s foreign exchange reserves rose $2.9 billion to reach an all-time high of $645.6 billion as of March 29. Earlier, forex reserves
Day: April 7, 2024
No consideration, no tax – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/no-consideration-no-tax/article68036060.ece Clipped from: https://www.thehindubusinessline.com/business-laws/no-consideration-no-tax/article68036060.ece If a service is rendered, but no consideration is received, service tax cannot be charged, according to the Customs, Excise and Service
When insolvency meets money laundering – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/when-insolvency-meets-money-laundering/article68036072.ece Clipped from: https://www.thehindubusinessline.com/business-laws/when-insolvency-meets-money-laundering/article68036072.ece Bombay HC upholds NCLT’s authority to direct the Enforcement Directorate to release attached assets In a recent decision, the Bombay High Court
E-WAY Bill generation reached all-time high at 10.35 crore in March, April collection likely to be benefitted – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/e-way-bill-generation-reached-all-time-high-at-1035-crore-in-march-april-collection-likely-to-be-benefitted/article68039249.ece Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-reached-all-time-high-at-1035-crore-in-march-april-collection-likely-to-be-benefitted/article68039249.ece Normally, April records very high collection. Last April saw an all-time high collection of ₹1.87 lakh crore Fiscal year-end closing coupled with
Impact of monetary policy for FY25 on banks – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/impact-of-monetary-policy-for-fy25-on-banks/article68039846.ece Clipped from: https://www.thehindubusinessline.com/opinion/impact-of-monetary-policy-for-fy25-on-banks/article68039846.ece Banks need innovative strategise to augment resources to support lending The direction of monetary policy 2024-25 is on expected lines to retain
All the RBI’s men | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/all-the-rbi-s-men-124040700317_1.html Clipped from: https://www.business-standard.com/opinion/columns/all-the-rbi-s-men-124040700317_1.html As the Reserve Bank celebrates its 90th birthday, the concluding part of a two-column series offers a peek into the lives and
RBI Deputy Governor stresses governance, audit function, technology at UCB conference – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/rbi-deputy-governor-stresses-governance-audit-function-technology-at-ucb-conference/article68036570.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-deputy-governor-stresses-governance-audit-function-technology-at-ucb-conference/article68036570.ece RBI Deputy Governor M Rajeshwar Rao emphasized UCBs’ crucial role in banking services for the unbanked and the need for robust risk
Voltas AC sales grew 35% in FY24 – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/voltas-ac-sales-grew-35-in-fy24/article68039071.ece Clipped from: https://www.thehindubusinessline.com/companies/voltas-ac-sales-grew-35-in-fy24/article68039071.ece The company is further expanding its retail and distribution network. Air conditioner maker Voltas on Sunday said it has recorded a 35 per
Need to introduce 12% single rate GST system at the earliest, says Vijay Kelkar, Chairman of 13th Finance Commission – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/need-to-introduce-12-single-rate-gst-system-at-the-earliest-says-vijay-kelkar-chairman-of-13th-finance-commission/article68039123.ece Clipped from: https://www.thehindubusinessline.com/economy/need-to-introduce-12-single-rate-gst-system-at-the-earliest-says-vijay-kelkar-chairman-of-13th-finance-commission/article68039123.ece Single GST Rate system will maximise revenues, reduce litigation; Also suggests equitable sharing of GST proceeds with Centre, States and Urban Local
Freight Corridors: Three more in the works at estimated cost ₹2,00,000-cr – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/logistics/freight-corridors-three-more-in-the-works-at-estimated-cost-of-200000-cr/article68038985.ece Clipped from: https://www.thehindubusinessline.com/economy/logistics/freight-corridors-three-more-in-the-works-at-estimated-cost-of-200000-cr/article68038985.ece Covering the east coast route, the north-south trail and an east-west one, the three corridors cover a total length of 4,300 km,
👍👍👍👍👍tax notice: Keep taxpayers in the loop before you act: Court to Income Tax dept – The Economic Times
https://economictimes.indiatimes.com/news/india/keep-taxpayers-in-the-loop-before-you-act-court-to-income-tax-dept/articleshow/109098291.cms Clipped from: https://economictimes.indiatimes.com/news/india/keep-taxpayers-in-the-loop-before-you-act-court-to-income-tax-dept/articleshow/109098291.cms Synopsis Quashing a November 2022 show-cause notice against Munjal BCU Centre of Innovation and Entrepreneurship, The Punjab and Haryana High Court said
👍👍👍A reform window: On the GST trajectory – The Hindu
https://www.thehindu.com/opinion/editorial/a-reform-window-on-the-gst-trajectory/article68020253.ece Clipped from: https://www.thehindu.com/opinion/editorial/a-reform-window-on-the-gst-trajectory/article68020253.ece Buoyant GST revenues create a chance to prioritise its overhaul The financial year 2023-24 appears to have ended on a high on
👍👍👍👍👍Who’s afraid of credit cards? – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/whos-afraid-of-credit-cards/3446903 Clipped from: https://www.financialexpress.com/opinion/whos-afraid-of-credit-cards/3446903/ The RBI is understandably concerned about sharp run-up in credit card dues In the April-February 2023-24 period banks’ personal loan portfolio has
👍👍👍👍👍The elephant in RBI’s room – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/the-elephant-in-rbis-room/3448165 Clipped from: https://www.financialexpress.com/opinion/the-elephant-in-rbis-room/3448165/ Its monetary policy, like that of other central banks, is driven by the Fed It is expected that the RBI MPC will
👍👍👍👍👍Why RBI has been wary of declaring an early victory over inflation | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/why-rbi-wary-of-declaring-early-victory-over-inflation-9253330/ Macro environment could turn conducive for central banks to begin cutting rates by the end of summer Reserve Bank of India (RBI) Governor
👍👍👍👍👍Monetary policy review: Optimism on growth, caution on inflation | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/monetary-policy-review-optimism-on-growth-caution-on-inflation-124040501240_1.html Clipped from: https://www.business-standard.com/opinion/columns/monetary-policy-review-optimism-on-growth-caution-on-inflation-124040501240_1.html Five of the six members of the RBI’s MPC panel have voted for the status quo on both the policy rate and
👍👍👍👍👍A wholesome policy | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/a-wholesome-policy-124040500673_1.html Clipped from: https://www.business-standard.com/opinion/columns/a-wholesome-policy-124040500673_1.html Domestically, however the economy continues on a strong footing Photo: Bloomberg Listen to This Article Central Bank actions are often equalled to
👍👍👍👍👍MPC takes sanguine view on growth, inflation for FY25 – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/mpc-takes-sanguine-view-on-growth-inflation-for-fy25/article68032875.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/mpc-takes-sanguine-view-on-growth-inflation-for-fy25/article68032875.ece The MPC’s optimism on inflation is notable, given that foreign portfolio flows into the debt market are expected to accelerate in coming
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