At Rs 10.6 trillion, net direct tax collection rises 23.4% in Apr-Nov

https://www.business-standard.com/economy/news/net-direct-tax-collection-at-rs-10-64-trn-in-apr-nov-58-34-of-be-123121401062_1.html Clipped from: https://www.business-standard.com/economy/news/net-direct-tax-collection-at-rs-10-64-trn-in-apr-nov-58-34-of-be-123121401062_1.html The net tax collection for April-November stood at Rs 10.64 trillion, which is 23.4 per cent higher than the corresponding period of

Crypto adoption high in India, says IMF chief Kristalina Georgieva

https://www.business-standard.com/economy/news/cryptocurrency-adoption-high-in-india-says-imf-md-kristalina-georgieva-123121401287_1.html Clipped from: https://www.business-standard.com/economy/news/cryptocurrency-adoption-high-in-india-says-imf-md-kristalina-georgieva-123121401287_1.html Says high adoption may undermine macro-financial stability Kristalina Georgieva MD, IMF Listen to This Article The International Monetary Fund (IMF) Managing Director

Logistics cost in India at 7.8% – 8.9% of GDP in 2021-22: NCAER report – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/logistics/logistics-cost-in-india-at-78-89-of-gdp-in-2021-22-ncaer-report/article67638743.ece Clipped from: https://www.thehindubusinessline.com/economy/logistics/logistics-cost-in-india-at-78-89-of-gdp-in-2021-22-ncaer-report/article67638743.ece Framework for scientific estimation of logistics cost to be refined further by including primary data, real-time big data Logistics cost in India

Commerce Ministry submits list of items to FinMin for removal of inverted duties – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/commerce-ministry-submits-list-of-items-to-finmin-for-removal-of-inverted-duties/article67638973.ece Clipped from: https://www.thehindubusinessline.com/economy/commerce-ministry-submits-list-of-items-to-finmin-for-removal-of-inverted-duties/article67638973.ece Budget 2024-25 likely to continue the exercise of addressing inverted duty structure as it leads to inefficiencies, says official The Commerce &

Refund of Tax paid on export is not barred by period of Limitation: Delhi HC

https://taxguru.in/goods-and-service-tax/refund-tax-paid-export-barred-period-limitationdelhi-high-court.html Clipped from: https://taxguru.in/goods-and-service-tax/refund-tax-paid-export-barred-period-limitationdelhi-high-court.html Grapes Digital Pvt. Ltd. Vs Principal Commissioner & Anr (Delhi High Court) In case of GRAPES DIGITAL PVT. LTD. (W.P.(C)No. 2918/2021) Delhi high court

`Focus of Australia-India CECA would be on a good deal, not any deal’ – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/focus-of-australia-india-ceca-would-be-on-a-good-deal-not-any-deal/article67635024.ece Clipped from: https://www.thehindubusinessline.com/economy/focus-of-australia-india-ceca-would-be-on-a-good-deal-not-any-deal/article67635024.ece Interim trade pact increased Australian imports of India’s farm goods by 16%, apparels by 9%, said High Commissioner Philip Green The proposed

Fed meeting comment: Dow Jones, Sensex and Nifty 50 at new highs as Fed opens the door for rate cuts – The Hindu BusinessLine

https://www.thehindubusinessline.com/portfolio/technical-analysis/fed-meeting-comment-dow-jones-sensex-and-nifty-50-at-new-highs-as-fed-opens-the-door-for-rate-cuts/article67637129.ece Clipped from: https://www.thehindubusinessline.com/portfolio/technical-analysis/fed-meeting-comment-dow-jones-sensex-and-nifty-50-at-new-highs-as-fed-opens-the-door-for-rate-cuts/article67637129.ece Projections for a 75-bps and 100-bps rate cut in 2024 and 2025 triggers the rally in equities Equity markets across the world

India has $20 bn dry powder waiting to be invested: Peak XV MD Anandan

https://www.business-standard.com/companies/news/india-has-20-bn-dry-powder-waiting-to-be-invested-peak-xv-md-anandan-123121301108_1.html Clipped from: https://www.business-standard.com/companies/news/india-has-20-bn-dry-powder-waiting-to-be-invested-peak-xv-md-anandan-123121301108_1.html Says investors are looking to invest unallocated capital in sectors like AI Rajan Anandan, managing partner, Peak XV Partners (formerly Sequoia India)

SC tells Centre to frame guidelines for search, seizure of e-devices

https://www.business-standard.com/india-news/sc-tells-centre-to-frame-guidelines-for-search-seizure-of-e-devices-123121400994_1.html Clipped from: https://www.business-standard.com/india-news/sc-tells-centre-to-frame-guidelines-for-search-seizure-of-e-devices-123121400994_1.html A Bench of Justices Sanjay Kishan Kaul and Sudhanshu Dhulia on Thursday expressed concern over delay in framing guidelines from 2021 Listen

Bank of England holds rates with warning of ‘way to go’ on inflation

https://www.business-standard.com/world-news/bank-of-england-holds-rates-with-warning-of-way-to-go-on-inflation-123121400957_1.html Clipped from: https://www.business-standard.com/world-news/bank-of-england-holds-rates-with-warning-of-way-to-go-on-inflation-123121400957_1.html The UK central bank’s decision contrasted with the US Fed’s admission last night that reductions were on the agenda, reiterating that BOE

Credit-deposit ratios of Indian banks may weaken, dent margins in 2024: S&P

https://www.business-standard.com/industry/banking/credit-deposit-ratios-of-indian-banks-may-weaken-dent-margins-in-2024-s-p-123121300646_1.html Clipped from: https://www.business-standard.com/industry/banking/credit-deposit-ratios-of-indian-banks-may-weaken-dent-margins-in-2024-s-p-123121300646_1.html Asset quality to stay on improvement trajectory Listen to This Article Standard & Poor’s (S&P) on Wednesday said the credit-deposit ratio (C-D

UK Minister stresses global approach for AI regulations – The Hindu BusinessLine

https://www.thehindubusinessline.com/info-tech/uk-minister-stresses-global-approach-for-ai-regulations/article67633572.ece Clipped from: https://www.thehindubusinessline.com/info-tech/uk-minister-stresses-global-approach-for-ai-regulations/article67633572.ece We can’t play a ‘catch up’ role… rules and guidelines have to be framed: Rajeev Chandrasekhar Artificial intelligence (AI) regulations cannot be

Bank of Maharashtra raises Rs 259 cr at 7.99% through tier-II bonds

https://www.business-standard.com/companies/news/bank-of-maharashtra-raises-rs-259-crore-at-7-99-through-tier-ii-bond-123121300949_1.html Clipped from: https://www.business-standard.com/companies/news/bank-of-maharashtra-raises-rs-259-crore-at-7-99-through-tier-ii-bond-123121300949_1.html The issue had a base size of Rs 250 crore and a greenshoe option of Rs 750 crore Bank of Maharashtra |

GST on expat salary: CBIC asks officers not to apply SC order mechanically

https://www.business-standard.com/economy/news/gst-on-expat-salary-cbic-asks-officers-not-to-apply-sc-order-mechanically-123121400343_1.html Clipped from: https://www.business-standard.com/economy/news/gst-on-expat-salary-cbic-asks-officers-not-to-apply-sc-order-mechanically-123121400343_1.html Investigation in each case requires a careful consideration of facts, including the terms of contract: CBIC Listen to This Article The Central

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