Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-exemption-forcovid-drugs-unsound/articleshow/82530064.cmsSynopsis Estimates show that the country loses about 2% of the GDP on GST exemptions. Exemptions must be scrapped. The Centre is right to
Author: Anil R Tikotekar
Get Pfizer in, work out indemnity – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/get-pfizer-in-work-out-indemnity/articleshow/82530099.cmsSynopsis WHO experts opine there could be one or more Indian variants of the SARS Cov-2 virus that escape available vaccines. The vaccination drive is constrained
JSPL repays Rs 2,462 crore to its term lenders, aims to be debt-free in the short term – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jspl-repays-rs-2462-crore-to-its-term-lenders-aims-to-be-debt-free-in-the-short-term/articleshow/82523860.cmsSynopsis “This reduction of Rs.2,462 Cr is over & above the annual committed debt reduction in the financial year 2020-2021,” the company said in
Mumbai Angels Network sees 36 exits, eyes 50 investments this year | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mumbai-angels-network-sees-36-exits-eyes-50-investments-this-year-121051001374_1.html Purplle has raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures and JSW Ventures. The platform closed 36 fresh
Domestic steel players poised for strong deleveraging plans as prices surge | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/domestic-steel-players-poised-for-strong-deleveraging-plans-as-prices-surge-121051001139_1.html With profitability at record levels, even if steel prices correct by 15-20% going ahead, players would still be in a comfortable position to
Near-resolution assets may not go to bad bank amid Covid-19 pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/near-resolution-assets-may-not-go-to-bad-bank-amid-covid-19-pandemic-121051100040_1.html ARC expected to be functional next month Where there is a resolution likely in one or two months, and the order of the
I-T dept goes after hospitals taking cash payment to treat Covid patients | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/finance-ministry-asks-cbdt-to-penalise-hospitals-fleecing-covid-19-patients-121051100028_1.html Finance ministry asks department to penalise hospitals found with unaccounted cash, prevent evasion. A patient suffering from the coronavirus disease (Covid-19) waits to
RBI: Restructuring 2.0: can RBI’s pre-emptive move help avert a crisis in retail loans? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/restructuring-2-0-can-rbis-pre-emptive-move-help-avert-a-crisis-in-retail-loans/primearticleshow/82531066.cms Synopsis–Gross retail NPAs have steadily been on the rise and with FY21 numbers breaching the five-year average by a huge margin, regulatory forbearance
Your Queries – Loans: For LIG PMAY subsidy, co-owner has to be female and co-applicant – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-for-lig-pmay-subsidy-co-owner-has-to-be-female-and-co-applicant/2249504/ In the case of LIG PMAY subsidy, the co-owner or primary owner has to be a female. Also, she needs to be a
Now MSMEs, others can file grievances on this portal for alleged violation of public procurement order – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/now-msmes-others-can-file-grievances-on-this-portal-for-alleged-violation-of-public-procurement-order/2249423/ The 2017 order was issued to promote goods manufactured in India and with a view to enhancing businesses’ income and employment. The order
Blackstone acquires Embassy Industrial parks for Rs 5,200 crore – The Financial Express
lipped from: https://www.financialexpress.com/industry/blackstone-acquires-embassy-industrial-parks-for-rs-5200-crore/2249486/ Embassy Industrial Parks’ warehouses are located across major industrial hubs including Bengaluru, NCR, Hyderabad as well as Pune, and are leased to leading
Weakened economy can’t produce jobs, unemployment rate at 19-week high – The Financial Express
Clipped from: https://www.financialexpress.com/economy/covid-effect-weakened-economy-cant-produce-jobs-unemployment-rate-at-19-week-high/2249461/ There has in fact been a steady increase in unemployment in recent months – the relevant rate rising to a four-month high of
Large dollar supply will ensure that rupee appreciates: SBI report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/large-dollar-supply-will-ensure-that-rupee-appreciates-sbi-report/article34525493.ece Will help the Reserve Bank of India in inflation management, says Ecowrap The large supply of dollars will ensure that rupee will appreciate
Jockey’s Page Industries fails to get ITC relief on promotional goods from AAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jockeys-page-industries-fails-to-get-itc-relief-on-promotional-goods-from-aaar/article34527439.ece ‘The ruling has rightly held that display boards, posters, etc. sent to the franchisees, distributors are inputs and not capital goods’ The Appellate
FAITH urges Centre, RBI to take measures to protect tourism and hospitality jobs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/faith-urges-centre-rbi-to-take-measures-to-protect-tourism-and-hospitality-jobs-in-the-country/article34527636.ece Seeks waiver or compensation for fixed statutory liabilities, direct benefit transfer of basic pay The Federation of Associations in Indian Tourism & Hospitality
SEBI moves to ringfence client collateral from broker default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-moves-to-ringfence-client-collateral-from-broker-default/article34529490.ece Markets regulator proposes to build a mechanism for reporting, dissemination and usage of information pertaining to collateral other than securities collateral Two decades
Rupee levels too crucial for inflation management: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/rupee-levels-too-crucial-for-inflation-management-report/articleshow/82522354.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Estimates of exchange rate pass through suggest some moderation during the flexible Inflation targeting period. “But inflation can still alter by 0.1-0.13% for
Risks to financial institutions mounting as second wave surges across India: Fitch Ratings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/risks-to-financial-institutions-mounting-as-second-wave-surges-across-india-fitch-ratings/articleshow/82516399.cmsSynopsis The fresh round of relief measures announced by the Reserve Bank of India in response to the second wave could provide some relief
Implementation of Labour Codes may be pushed to next year – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/implementation-of-labour-codes-may-be-pushed-to-next-year/articleshow/82532157.cmsSynopsis The Centre is no longer pursuing states to hasten the process of framing rules for the four codes, as the focus has shifted
How can individuals invest in government bonds? | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/how-can-individuals-invest-in-government-bonds-984208.html In this debt-based investment, you loan money as a creditor to a government in return for an agreed rate of interest on the amount