https://www.financialexpress.com/business/sme/algo-based-msme-lending-how-ai-can-make-credit-assessment-more-inclusive-accurate-efficient/3501851/ Clipped from: https://www.financialexpress.com/business/sme/algo-based-msme-lending-how-ai-can-make-credit-assessment-more-inclusive-accurate-efficient/3501851/ On May 15th, RBI Deputy Governor Swaminathan J cautioned non-banking financial companies (NBFCs) against over-reliance on algorithm-based credit models. While these models
Month: May 2024
👍👍👍Sources and uses of RBI surpluses – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/sources-and-uses-of-rbi-surpluses/3500868/ Clipped from: https://www.financialexpress.com/opinion/sources-and-uses-of-rbi-surpluses/3500868/ While surpluses of up to Rs 1 trillion look plausible under normal conditions, the present surplus is big. It would be the
👍👍👍First things first: Boost labour efficiency to spur growth – Economy News | The Financial Express
https://www.financialexpress.com/policy/economy-first-things-first-boost-labour-efficiency-to-spur-growth-3502316/ Clipped from: https://www.financialexpress.com/policy/economy-first-things-first-boost-labour-efficiency-to-spur-growth-3502316/ A chequered poll season is about to end. As the dust settles, the new government at the Centre would find itself with
Cost, accuracy still evolving in AI models: TCS – Digital Transformation News | The Financial Express
https://www.financialexpress.com/business/digital-transformation-cost-accuracy-still-evolving-in-ai-models-tcs-3502400/ Clipped from: https://www.financialexpress.com/business/digital-transformation-cost-accuracy-still-evolving-in-ai-models-tcs-3502400/ In manufacturing, AI is used for predictive maintenance of equipment, helping to avoid downtime and reduce repair costs. Yet, an overwhelming 86%
👍👍👍👍👍Taming food inflation – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/taming-food-inflation/3502377/ Clipped from: https://www.financialexpress.com/opinion/taming-food-inflation/3502377/ The Centre’s move to control inflation by banning agri-exports hurts the farmers. Next to edible oil, it is pulses, fresh fruits and
👍👍👍👍👍1.04 mn motor accident claims worth Rs 80,455 cr pending nationwide: RTI | India News – Business Standard
https://www.business-standard.com/india-news/1-04-mn-motor-accident-claims-worth-rs-80-455-cr-pending-nationwide-rti-124052600331_1.html Clipped from: https://www.business-standard.com/india-news/1-04-mn-motor-accident-claims-worth-rs-80-455-cr-pending-nationwide-rti-124052600331_1.html The details have been provided by the Insurance Regulatory and Development Authority of India (IRDAI) in response to the query filed by
👍👍👍👍👍How long will the good run last? | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/how-long-will-the-good-run-last-124052600382_1.html Clipped from: https://www.business-standard.com/opinion/columns/how-long-will-the-good-run-last-124052600382_1.html In public, bankers exude confidence and say everything is hunky-dory, but the rising defaults in a few pockets don’t exactly suggest this
Insurance brokers urge Irdai to allow them to appoint ‘Bima Vahaks’ | Insurance – Business Standard
https://www.business-standard.com/finance/insurance/insurance-brokers-urge-irdai-to-allow-them-to-appoint-bima-vahaks-124052600375_1.html Clipped from: https://www.business-standard.com/finance/insurance/insurance-brokers-urge-irdai-to-allow-them-to-appoint-bima-vahaks-124052600375_1.html Bima Vahak, a part of Irdai’s Bima Trinity, is a women-centric, dedicated distribution channel to sell insurance products Photo: Shutterstock Listen to
GDP, GST data to be released next week will design economic narrative by new govt – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/gdp-gst-data-to-be-released-next-week-will-design-economic-narrative-by-new-govt/article68218117.ece Clipped from: https://www.thehindubusinessline.com/economy/gdp-gst-data-to-be-released-next-week-will-design-economic-narrative-by-new-govt/article68218117.ece Barring GST, all economic indicators are expected to exceed estimates Ahead of announcements of election results on June 4, five key high
Liquidity tight as Centre’s cash balances pile up – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/liquidity-tight-as-centres-cash-balances-pile-up/article68218860.ece Clipped from: https://www.thehindubusinessline.com/opinion/liquidity-tight-as-centres-cash-balances-pile-up/article68218860.ece G-sec yields are likely to ease further. The RBI in its June review is expected to hold rates Liquidity appears to be
Credit card spends fall 5% in April, pace of new card additions slower – The Hindu BusinessLine
https://www.thehindubusinessline.com/incoming/credit-card-spends-fall-5-in-april-pace-of-new-card-additions-slower/article68218971.ece Clipped from: https://www.thehindubusinessline.com/incoming/credit-card-spends-fall-5-in-april-pace-of-new-card-additions-slower/article68218971.ece Spends in March 2024 were at ₹1.64-lakh crore, also lower than the peak of ₹1.79-lakh crore seen in October 2023 due to
Interest allowable on delayed refunds of GST Input Tax Credit: Telangana HC
https://taxguru.in/goods-and-service-tax/interest-allowable-delayed-refunds-gst-input-tax-credit-telangana-hc.html Clipped from: https://taxguru.in/goods-and-service-tax/interest-allowable-delayed-refunds-gst-input-tax-credit-telangana-hc.html Qualcom India Private Limited Vs Deputy Commissioner (ST)(FAC) and Ors. (Telangana High Court) Introduction: The Telangana High Court recently addressed the issue of
👍👍👍Go for a health plan that covers mental illness – Insurance News | The Financial Express
https://www.financialexpress.com/money/insurance-go-for-a-health-plan-that-covers-mental-illness-3500772/ Clipped from: https://www.financialexpress.com/money/insurance-go-for-a-health-plan-that-covers-mental-illness-3500772/ A plan that also offers cover for psychiatric consultations is best. All policyholders need to serve a waiting period in which certain
👍👍👍👍👍I-T dept notifies cost inflation index for FY25 to compute capital gains | India News – Business Standard
https://www.business-standard.com/india-news/i-t-dept-notifies-cost-inflation-index-for-fy25-to-compute-capital-gains-122061500544_1.html Clipped from: https://www.business-standard.com/india-news/i-t-dept-notifies-cost-inflation-index-for-fy25-to-compute-capital-gains-122061500544_1.html The cost inflation index (CII) is used by a taxpayer to compute gains arising out of the sale of capital assets after
IRDAI reduces audit firm term to bolster audit quality – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/irdai-reduces-audit-firm-term-to-bolster-audit-quality/article68215498.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/irdai-reduces-audit-firm-term-to-bolster-audit-quality/article68215498.ece Mandates rotation of joint audit firms every four years, with a three-year cooling period for retiring firms Insurance regulator IRDAI’s new corporate
FPIs gradually loading upon on Indian bonds in the run up to inclusion in global bond indices – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/fpis-gradually-loading-upon-on-indian-bonds-in-the-run-up-to-inclusion-in-global-bond-indices/article68217796.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/fpis-gradually-loading-upon-on-indian-bonds-in-the-run-up-to-inclusion-in-global-bond-indices/article68217796.ece FPIs holding in total ownership of G-Secs saw the maximum increase of 31 basis points amongst all categories of investors, moving up
India in trade deficit with nine of top 10 trading partners in 2023-24 – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/india-in-trade-deficit-with-nine-of-top-10-trading-partners-in-2023-24/article68217875.ece Clipped from: https://www.thehindubusinessline.com/economy/india-in-trade-deficit-with-nine-of-top-10-trading-partners-in-2023-24/article68217875.ece China has emerged as India’s largest trading partner with $118.4 billion of two-way commerce in 2023-24, edging past the US India has
👍👍👍👍👍Delhi HC Invalidates GST Order for Lack of Consideration of Petitioner’s Reply
https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html Clipped from: https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html RPJ Polymers Vs Union Of India & Ors (Delhi High Court) RPJ Polymers, the petitioner, challenged an order dated 28.12.2023 issued under
👍👍👍👍👍Improper service of Section 148 notice renders assessment order invalid
https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Clipped from: https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Mandeep Malli Vs ACIT (ITAT Amritsar) The Income Tax Appellate Tribunal (ITAT) Amritsar presided over the case of Mandeep Malli vs. ACIT,
👍👍👍👍👍GST Assessment Order Invalid if Reply to Notice Ignored: Madras HC
https://taxguru.in/goods-and-service-tax/gst-assessment-order-invalid-reply-notice-ignored-madras-hc.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-assessment-order-invalid-reply-notice-ignored-madras-hc.html Imperial Shipping Service Vs Assistant Commissioner (ST) (Madras High Court) In a significant ruling, the Madras High Court has set aside a
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