lipped from: https://taxguru.in/income-tax/notice-issued-u-s148-period-years-ay-2015-16-barred-limitation-itat-mumbai.html ACIT Vs Manish Financial (ITAT Mumbai) ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for
Month: January 2025
Canada: 50,000 foreign students no-shows in 2024, including 20,000 Indian | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/canada-50-000-foreign-students-no-shows-in-2024-including-20-000-indian-125011700673_1.html This figure, accounting for 6.9% of all international students tracked by IRCC, has raised concerns about the effectiveness of Canada’s compliance system for
TikTok, five other Chinese companies hit by EU privacy complaints | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/tiktok-shein-xiaomi-3-other-chinese-firms-hit-by-eu-privacy-complaints-125011600475_1.html Noyb is known for filing complaints against American companies such as Apple, Alphabet and Meta , leading to several investigations and billions of
RBI sold record $20.2 billion in November to back rupee amid FPI outflows | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-sold-record-20-2-billion-in-november-to-back-rupee-amid-fpi-outflows-125011701391_1.html Forward book dollar deficit ballooned to $58.9 bn Listen to This Article The Reserve Bank of India (RBI) sold a record $20.2 billion
*GST officers must provide written grounds of arrest under new guideline | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/gst-officers-must-provide-written-grounds-of-arrest-under-new-guideline-125011700936_1.html The grounds of arrest must be explained to the arrested person and also furnished to him in writing as an Annexure to the
Growth set to rebound, food inflation needs monitoring: RBI report | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/growth-poised-to-rebound-food-inflation-needs-monitoring-rbi-report-125011701366_1.html Banks reluctant to lend in money markets amid tight liquidity conditions The NSO estimates confirmed that India remains the fastest-growing major economy, but
US funds pull out $2 billion from India since October – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/us-funds-pull-out-2-billion-from-india-since-october/article69109137.ece This is symptomatic of flows moving from emerging markets to US funds, with the largest shifts from India, China, South Korea and Taiwan
Ahead of Union Budget, RBI staffers suggest providing consumption boost as a way to revive the animal spirts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ahead-of-union-budget-rbi-staffers-suggest-providing-consumption-boost-as-a-way-to-revive-the-animal-spirts/article69109735.ece The RBI staffers noted that private final consumption is the brightening spot in the economy Ahead of the upcoming Union Budget for FY26,
Gold imports are quite a mystery – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/gold-imports-are-quite-a-mystery/article69109851.ece Gold imports have become volatile since the India-UAE CEPA. Trade data needs to be more robust India imports 800-1,000 tonnes of gold each
Medical-device industry divided on Health Ministry clarification ending import of refurbished items – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/medical-device-industry-divided-on-health-ministry-clarification-ending-import-of-refurbished-items/article69109899.ece CDSCO stated that such products cannot be imported to India given the absence of specific regulatory provisions A war of words has broken
Throwing sand in the wheels to dampen exchange rate volatility more effective, says RBI study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/throwing-sand-in-the-wheels-to-dampen-exchange-rate-volatility-more-effective-says-rbi-study/article69109942.ece The impact of gross spot intervention on exchange rate volatility indicates the existence of threshold effects Throwing sand in the wheels to dampen
US Supreme Court upholds law banning TikTok – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/us-supreme-court-upholds-law-banning-tiktok/article69110387.ece The decision affirms Congress’s bipartisan legislation and rejects First Amendment challenges from TikTok. The U.S. Supreme Court refused to rescue TikTok on Friday
What will happen to TikTok in US as Supreme Court upholds ban? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/what-will-happen-to-tiktok-in-us-as-supreme-court-upholds-ban/article69110404.ece The ban could exacerbate already tense U.S.-China trade relations, with speculation about a sale of TikTok’s operations in the U.S. to various buyers.
Forex interventions proven to mitigate capital flow volatility: RBI report | Finance News – Business Standard
lipped from: https://www.business-standard.com/finance/news/forex-interventions-proven-to-mitigate-capital-flow-volatility-rbi-report-125011701309_1.html It examined the effectiveness of the RBI’s forex interventions and found that the primary driver of exchange rate volatility in India is the
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*******A macro tightrope walk: Balancing domestic slowdown, global challenges
Clipped from: https://www.business-standard.com/opinion/columns/a-macro-tightrope-walk-balancing-domestic-slowdown-global-challenges-125011601528_1.html The challenge for macro policy is to respond to the domestic slowdown without appearing to let its guard down against a hostile global
*******Misguided rhetoric on rupee: Clearing doubts on depreciation, RBI action
Clipped from: https://www.business-standard.com/opinion/columns/misguided-rhetoric-on-rupee-clearing-doubts-on-depreciation-rbi-action-125011601556_1.html Let us look at the data. We find out technically that there was a regime shift in terms of movements in the value
A macro tightrope walk: Balancing domestic slowdown, global challenges
Clipped from: https://www.business-standard.com/opinion/columns/a-macro-tightrope-walk-balancing-domestic-slowdown-global-challenges-125011601528_1.html The challenge for macro policy is to respond to the domestic slowdown without appearing to let its guard down against a hostile global