Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-mind-the-gap/article69000728.ece Gold imports have spurted as a fallout of India’s May 2022 free trade agreement with the UAE, which allows duty-free imports of gold,
Author: Anil R Tikotekar
👍Jerome Powell: Federal Reserve has no interest in Bitcoin ownership – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/jerome-powell-federal-reserve-has-no-interest-in-bitcoin-ownership/article69002148.ece Powell stated that the legal framework governing Bitcoin ownership is a matter for Congress but emphasised that the Fed is not seeking any
Powell on Trump’s economic plans: “Premature to draw conclusions” – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/powell-on-trumps-economic-plans-premature-to-draw-conclusions/article69002151.ece Powell highlighted the ambiguity surrounding tariffs, including which goods may be affected and their potential duration U.S. Federal Reserve Chair Jerome Powell takes
👍US interest rate hike not on the horizon, says Jerome Powell – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/us-interest-rate-hike-not-on-the-horizon-says-jerome-powell/article69002155.ece Powell emphasised that while the current rate of 4.3% is considered “meaningfully restrictive,” it is a well-balanced level that allows for progress on
Hiring in India: Indian startups to boost hiring by 20-30% in 2025 | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/indian-startups-hiring-2025-funding-improves-trends-124121800614_1.html Indian startups are set to ramp up hiring by 20-30 per cent in 2025 as funding improves, reversing a prolonged slowdown. Layoffs dropped
Investments, consumption to drive growth in FY26 to 6.6%: India Ratings | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/investments-consumption-to-drive-growth-in-fy26-to-6-6-india-ratings-124121801183_1.html The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by
At $129 bn, India top recipient of remittances this year: World Bank | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/at-129-bn-india-top-recipient-of-remittances-this-year-world-bank-124121801266_1.html The growth rate of remittances this year is estimated to be 5.8 per cent, compared to 1.2 per cent registered in 2023 Listen
Wall Street falls sharply as Fed signals slower rate cuts next year | News on Markets – Business Standard
Clipped from: https://www.business-standard.com/markets/news/wall-street-falls-sharply-as-fed-signals-slower-rate-cuts-next-year-124121900049_1.html For the Dow it was its tenth consecutive daily loss, marking its longest losing streak since 1974 and its biggest daily percentage decline
Fed cuts key interest rates by 0.25%; reverse repo rate lowered to 4.25% | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/fed-cuts-key-interest-rates-by-0-25-reverse-repo-rate-lowered-to-4-25-124121900028_1.html Analysts believe the largely expected adjustment is a bid by the Fed to nudge cash out of a facility that’s widely viewed as
👍👍👍👍👍Acting with restraint – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/acting-with-restraint/3694930/ In many cases, the regulatory laws and rules are born weak and ambiguous, leaving room for the higher bureaucracy to interfere. The CEA
‘If they tax us, we tax them the same amount’: President-elect Donald trump slams ‘high tariffs’ by India – Economy News | The Financial Express
Clipped from: https://www.financialexpress.com/policy/economy-donald-trump-says-india-charges-a-lot-of-tariff-threatens-to-impose-reciprocal-tax-3694274/?ref=policy_hp The president-elect criticised the current US approach, claiming American goods are often taxed abroad without equivalent retaliation. US President elect Donald Trump also
Rupee slides to record lows on strong dollar demand, FII outflows – Commodities News | The Financial Express
Clipped from: https://www.financialexpress.com/market/commodities-rupee-slides-to-record-lows-on-strong-dollar-demand-fii-outflows-3694738/?ref=markets_hp Market participants are awaiting key data releases, including the US current account balance and housing data, as well as the outcome of the
US announces wholesale changes to H-1B visa rules, a boon for Indian techies – Jobs and Career News | The Financial Express
lipped from: https://www.financialexpress.com/jobs-career/us-announces-wholesale-changes-to-h-1b-visa-rules-a-boon-for-indian-techies-3694822/?ref=hometop_hp The new rules also aim to improve the annual H-1B lottery system by target duplicate registrations which will combat the fraudulent practices and
👍👍👍👍👍👍👍ITAT Jodhpur: Crypto Gains Taxed as LTCG, Allows Section 54F deduction
lipped from: https://taxguru.in/income-tax/itat-jodhpur-crypto-gains-taxed-ltcg-allows-section-54f-deduction.html Raunaq Prakash Jain Vs ITO (ITAT Jodhpur) In the case of Raunaq Prakash Jain vs. ITO, the ITAT Jodhpur addressed the taxation of cryptocurrency
Petition u/s 9 of IBC couldn’t be rejected on grounds of raising fake claim of Pre-Existing dispute
Clipped from: https://taxguru.in/corporate-law/petition-u-s-9-ibc-rejected-grounds-raising-fake-claim-pre-existing-dispute.html Romi Datta Vs Sigma Supply Chain Solutions Pvt. Ltd. (NCLAT Delhi) Conclusion: Adjudicating Authority didn’t commit any error in holding that all requisite conditions
ITAT Rules No Penalty for Genuine LTCG, Condones S.269SS Breach
he Income Tax Appellate Tribunal (ITAT), Bangalore recently held that no penalty may be levied on an Assessee if they have made genuine disclosure of
1👍👍👍👍👍👍👍Exemption u/s. 54F admissible in respect of only one residential property: Delhi HC
Clipped from: https://taxguru.in/income-tax/exemption-u-s-54f-admissible-respect-residential-property-delhi-hc.html Kamla Ajmera Vs PCIT (Delhi High Court) Delhi High Court held that in case of investment in two residential properties, exemption under section
India’s DPDP Act: Shaping the Future of Data Protection | Experts Discuss Privacy & Governance – YouTube
Clipped from: https://www.youtube.com/watch?v=LdllXZqRZUA&ab_channel=CNBC-TV18
Wealth tax: A bad idea – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/wealth-tax-a-bad-idea/3694046/ More revenue is needed for health and education, but Piketty’s recommendation is problematic. An income tax can be levied easily while wealth is
Proposed Digital Competition Bill likely to hurt MSMEs and startups: Survey – SME News | The Financial Express
Clipped from: https://www.financialexpress.com/business/sme-proposed-digital-competition-bill-likely-to-hurt-msmes-and-startups-survey-3693112/ The draft bill, which was released in March this year, with provisions such as restrictions on tailored ad placements and prohibitions on bundled