Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-officials-cannot-force-taxpayers-to-pay-tax-during-search-cbic/articleshow/91810925.cms Synopsis “In case of any wrongdoing on the part of any tax officers, strict disciplinary action as per law may be taken against
Author: Anil R Tikotekar
*****Inflation casts shadow over GDP growth prospects – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/inflation-casts-a-shadow-on-gdp-growth-prospects/article65463206.ece Global rating agency S&P lowers growth forecast for most countries over weaker Q1 in many countries, higher energy and commodity prices, and slower
*****How critical are MSMEs in fulfilling Make-in-India goal of the Indian Air Force | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-explained-how-critical-are-msmes-in-fulfilling-make-in-india-goal-of-the-indian-air-force/2538791/ Ease of Doing Business for MSMEs: To promote MSMEs’ contribution to IAF and defence overall, the government had reserved procurement orders up to
*****Moody’s cuts India GDP growth forecast, says inflation will eat into economy; Check revised estimate | The Financial Express
Clipped from: https://www.financialexpress.com/economy/moodys-cuts-india-gdp-growth-forecast-says-inflation-will-eat-into-economy-check-revised-estimate/2538592/ Rate hike to prevent energy and food inflation from becoming more generalized will slow the demand recovery’s momentum. The rise in crude oil,
*****Monetary policy impact on India Inc and real estate sector | The Financial Express
Clipped from: https://www.financialexpress.com/money/monetary-policy-impact-on-india-inc-and-real-estate-sector/2537344/ The real estate sector is expected to see higher traction from the demand and supply sides, with more significant government and private spending
*****Billionaire investor Bill Ackman explains why share market is imploding: Investors lose confidence in US Fed | The Financial Express
Clipped from: https://www.financialexpress.com/market/billionaire-investor-bill-ackman-explains-why-share-market-is-imploding-investors-lose-confidence-in-us-fed/2537408/ “There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an
*****The risk of the fiscal that fuel cuts bring – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-risk-of-the-fiscal-that-fuel-cuts-bring/articleshow/91773459.cms Synopsis The revenue forgone on duty reductions on petrol and diesel is expected to be in excess of ₹1 lakh crore for the
*****Want to install solar panels? Here are some points you should keep in mind – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/how-to/interested-in-solar-panels-here-is-some-advice/articleshow/91781940.cms Synopsis Interest in rooftop solar systems is high and growing as energy prices rise and concerns about climate change mount. Many people are
*****When the country is going through a crunch like this, additional taxation may be the answer: Mythili Bhusnurmath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/when-the-country-is-going-through-a-crunch-like-this-additional-taxation-may-be-the-answer-mythili-bhusnurmath/articleshow/91780686.cms SECTIONS When the country is going through a crunch like this, additional taxation may be the answer: Mythili Bhusnurmath By Tamanna Inamdar ,Last
*****Non-disclosure of foreign assets comes back to haunt thousands – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/non-disclosure-of-foreign-assets-comes-back-to-haunt-thousands/articleshow/91774346.cms Synopsis Some of the summons relate to remitting money that was transferred from another member of the family who has exhausted individual LRS
*****Proposed Indo-Pacific trade bloc: Here’s a look at what is in it for India | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/proposed-indo-pacific-trade-bloc-here-s-a-look-at-what-is-in-it-for-india-122052401759_1.html Apart from the four Quad members, IPEF includes Brunei Darussalam, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam PM
*****Govt announces import relief for edible oil; cut in sugar exports next | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-to-curb-sugar-exports-slash-edible-oil-tariffs-to-tame-price-spike-122052401554_1.html Move follows ban on wheat export to rein in inflation Since February 2021, the government reduced the duty on edible oils six times
*****Quad countries make $50-bn infra push for Indo-Pacific to counter China | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/quad-countries-make-50-bn-infra-push-for-indo-pacific-to-counter-china-122052500004_1.html Without naming Sri Lanka, the Quad leaders also resolved to address debt issues of countries in the region (Left to right) Australian Prime
*****All hands on deck: On Centre’s duty cut on petro products – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/all-hands-on-deck/article65453833.ece After Centre’s duty cut, States must do the same with their taxes After Centre’s duty cut, States must do the same with their
*****Steel stocks tumble on export tax | The Financial Express
Clipped from: https://www.financialexpress.com/market/steel-stocks-tumble-on-export-tax/2535401/ While the new impost is aimed at curbing rising prices of the alloy and boost its availability and consumption in the local market,
*****What affects your credit score? Find out | The Financial Express
Clipped from: https://www.financialexpress.com/money/what-affects-your-credit-score-find-out/2536404/ Missing even a single EMI deadline can lower your credit score significantly and it might take a long duration to make up for
*We don’t see Trai’s proposed KYC-based caller ID mechanism as competitive service: Truecaller CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/we-dont-see-trais-proposed-kyc-based-caller-id-mechanism-as-competitive-service-truecaller-ceo/articleshow/91767018.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The statement by Truecaller CEO and co-founder Alan Mamedi assumes significance as sector regulator Telecom Regulatory Authority of India (Trai) is soon
*Govt mulls tax cut on soybean and sunflower oil to cool prices – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/food/govt-mulls-tax-cut-on-soybean-and-sunflower-oil-to-cool-prices/articleshow/91768893.cms Synopsis Curbing the tax could be one of the limited options available for the government to reduce surging vegetable oil prices in the
*****Fuel a long-term strategy for oil now – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/fuel-a-long-term-strategy-for-oil-now/articleshow/91728651.cms Synopsis 70% of diesel and 99.6% of petrol are used in transportation. Aggregating energy demand, introducing efficiencies and encouraging alternatives must be the
*****RBI will have to continue hiking rates for the next few quarters to get inflation under control – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-rbi-will-have-to-continue-hiking-rates-for-the-next-few-quarters-to-get-inflation-under-control/articleshow/91750794.cms Synopsis Post-pandemic, however, with the potential growth rate having fallen to 6-6.5%, RBI is likely to work with 0-25 bps positive real rate