Clipped from: https://www.business-standard.com/economy/news/nri-deposits-witness-5-82-billion-inflows-in-april-july-24-shows-rbi-data-124092001229_1.html The NRI deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident external (NRE) deposits, and non-resident ordinary (NRO) deposits Overseas Indians deposited about
Day: September 20, 2024
Credit-deposit gap narrows as banks boost deposit rate: RBI report | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/credit-deposit-gap-narrows-as-banks-boost-deposit-rate-rbi-report-124092001250_1.html With inflation easing household consumption to growth faster in Q2 (Photo: Shutterstock) Listen to This Article The gap between credit and deposit growth
Fed cuts loose – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fed-cuts-loose/article68664468.ece US rate cut positive for financial markets, flows The US Federal Reserve, which had been proceeding cautiously in rolling back the 525 basis
👌👌👌Bombay HC strikes down changes to IT rules allowing Fact Check Unit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/bombay-hc-strikes-down-changes-to-it-rules-allowing-fact-check-unit/article68664759.ece Comedian Kunal Kamra petitioned to the Bombay Court against the FCU stating that the new rules announced by the Centre could potentially lead
Banks’ certificate of deposit issuances grew by more than 65% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-certificate-of-deposit-issuances-grew-by-more-than-65-per-cent/article68664845.ece CD issuances surge by 65% to ₹4.51 lakh crore in 2024-25, bridging credit-deposit gap for banks, offering higher interest rates Certificate of deposit
Issuance of single consolidate notice u/s. 73 for multiple assessment year contravenes CGST Act: Karnataka HC
lipped from: https://taxguru.in/goods-and-service-tax/issuance-single-consolidate-notice-u-s-73-multiple-assessment-year-contravenes-cgst-act-karnataka-hc.html Bangalore Golf Club Vs Assistant Commissioner of Commercial Taxes (Karnataka High Court) Karnataka High Court held that the practice of issuing a single,
Order passed against dead person liable to be set aside: Madras HC
Clipped from: https://taxguru.in/income-tax/order-passed-dead-person-liable-set-aside-madras-hc.html S. R. Steels Vs Deputy State Tax Officer (Madras High Court) Madras High Court held that order passed against the dead person, who
Vivad Se Vishwas 2.0: Govt Notifies Date For Direct Tax Dispute Resolution Scheme
https://www.msn.com/en-in/money/news/vivad-se-vishwas-2-0-govt-notifies-date-for-direct-tax-dispute-resolution-scheme/ar-AA1qT2hv?ocid=msedgntp&pc=DCTS&cvid=32f07824f8994a20acf19c49e890c4f6&ei=51The government has notified October 1 as the starting date for the direct tax dispute resolution scheme Vivad Se Vishwas 2.0.Vivad Se Vishwas…
Why US Fed cut interest rates, how India could be impacted
Clipped from: https://indianexpress.com/article/explained/explained-economics/why-us-fed-cut-interest-rates-how-india-could-be-impacted-9577878/ A cut in interest rate typically incentivises economic activity, promotes growth, and increases job creation by making it cheaper for people to borrow
100 days of Modi 3.0: What’s in it for women entrepreneurs? – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/100-days-of-modi-govt-lakhpati-didi-mudra-loan-msme-ministry-information-and-broadcasting-ministry/3615929/ According to the official data, 39 per cent of micro, small and medium-sized enterprises registered with the MSME Ministry are women-owned in India.
CGTMSE guarantee coverage for women MSMEs increased to 90%: MSME Ministry – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/cgtmse-guarantee-coverage-for-women-msmes-increased-to-90-per-cent-msme-ministry-jitan-ram-manjhi/3613659/ The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85 per cent for loans up to Rs
Small Businesses generate 35 mn job applications till Aug 2024: Report – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/small-businesses-generate-35-mn-job-applications-till-aug-2024-report/3614305/ Notably, over 55 per cent of total job applications for SMB roles came from tier-2 and tier-3 cities like Jaipur, Indore, Ahmedabad, Lucknow,
Govt caps interest subvention amount at Rs 5 crore per IEC for MSME manufacturers – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/govt-caps-interest-subvention-amount-at-rs-5-crore-per-iec-for-msme-manufacturers/3614762/ In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest Equalisation Scheme (IES)
GeM revised transaction charges: 0% for orders up to Rs 10 lakh; check full list – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme/gem-revised-transaction-charges-0-per-cent-for-orders-up-to-rs-10-lakh-check-full-list-for-sellers/3615628/ In a revenue policy document on August 9, 2024, the portal announced zero per cent transaction charges for all orders valued up to
👌👌👌Import-export: How to apply for IEC online? Check steps – SME News | The Financial Express
lipped from: https://www.financialexpress.com/business/sme/import-export-how-to-apply-for-importer-exporter-code-iec-online/3615805/ The 10-character alpha-numeric IEC is necessary on the date of rendering services and is obtained separately by DGFT based on an online application.
How to calculate capital gains tax on sale of land? – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-calculate-capital-gains-tax-on-sale-of-land-3613644/ Individuals and Hindu Undivided Families (HUFs) have two options for calculating their long-term capital gains (LTCG) tax on sale of property – either
Fed rate cut won’t “significantly impact” inflows to India: Seth – Economy News | The Financial Express
Clipped from: https://www.financialexpress.com/policy/economy-fed-rate-cut-wont-significantly-impact-inflows-to-india-seth-3616175/ The Reserve Bank of India’s Monetary Policy Committee meeting is scheduled for October 7-9. The RBI has left the repo rate unchanged at
US Fed Chair Powell’s 50 Bps Rate Cut: A Sign of Confidence or Caution? – Investing Abroad News | The Financial Express
Clipped from: https://www.financialexpress.com/business/investing-abroad-jerome-powells-bold-move-analysts-split-on-feds-50-bps-rate-cut-3615517/ The market’s negative response to the Fed’s unexpected 50 bps rate cut raises questions about the underlying health of the economy. The decision
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