Fintechs can act both as competitors and collaborators: T Rabi Sankar

https://www.business-standard.com/economy/news/fintechs-can-act-both-as-competitors-and-collaborators-t-rabi-sankar-123090501235_1.html Clipped from: https://www.business-standard.com/economy/news/fintechs-can-act-both-as-competitors-and-collaborators-t-rabi-sankar-123090501235_1.html He said regulators also draw comfort in these arrangements as traditional financial entities- banks, NBFCs which are well regulated will continue to

Inflation expected to moderate from September: RBI governor Shaktikanta Das

https://www.business-standard.com/economy/news/inflation-is-expected-to-moderate-from-september-rbi-guv-shaktikanta-das-123090501153_1.html Clipped from: https://www.business-standard.com/economy/news/inflation-is-expected-to-moderate-from-september-rbi-guv-shaktikanta-das-123090501153_1.html He said the monetary policy framework in India had evolved in line with developments in theory and country practices, the changing nature

Udyam registration for MSMEs: Govt’s portal crosses 2.5 crore milestone; check details | The Financial Express

https://www.financialexpress.com/business/sme-formalising-msmes-new-milestone-achieved-this-many-msmes-registered-on-udyam-so-far-check-details-3231244/ Clipped from: https://www.financialexpress.com/business/sme-formalising-msmes-new-milestone-achieved-this-many-msmes-registered-on-udyam-so-far-check-details-3231244/ The total employment reported by 1.89 crore units (excluding UAP-based registrations) was 13.52 crore, as of September 3, 2023, with 1.38 crore

👍Enhancing MSME Growth through Risk Reduction: Introducing Credit Scoring in the Trade Credit Sector | The Financial Express

https://www.financialexpress.com/business/sme-enhancing-msme-growth-through-risk-reduction-introducing-credit-scoring-in-the-trade-credit-sector-3231241/ Clipped from: https://www.financialexpress.com/business/sme-enhancing-msme-growth-through-risk-reduction-introducing-credit-scoring-in-the-trade-credit-sector-3231241/ Using credit scores to provide loans has become quite a common phenomenon in the lending sector. It enabled banks to process loans

GeM’s provision of penal interest on delayed payments to be fully functional from September end | The Financial Express

https://www.financialexpress.com/business/sme-gems-provision-of-penal-interest-on-delayed-payments-to-be-fully-functional-from-september-end-3233318/ Clipped from: https://www.financialexpress.com/business/sme-gems-provision-of-penal-interest-on-delayed-payments-to-be-fully-functional-from-september-end-3233318/ In 2020, the government decided to levy a 1 per cent penalty on government departments and agencies for delayed payments to vendors

Need to broaden participation to expand digital commerce in India: ONDC’s Koshy | The Financial Express

https://www.financialexpress.com/business/industry-need-to-broaden-participation-to-expand-digital-commerce-in-india-ondcs-koshy-3234151/ Clipped from: https://www.financialexpress.com/business/industry-need-to-broaden-participation-to-expand-digital-commerce-in-india-ondcs-koshy-3234151/ Digital commerce is just starting in the country. X The country needs wider participation of buyers and sellers to expand digital commerce

Putin says there will be no new grain deal until West meets his demands

https://www.business-standard.com/world-news/erdogan-meets-putin-with-aim-to-revive-ukraine-grain-export-deal-123090400658_1.html Clipped from: https://www.business-standard.com/world-news/erdogan-meets-putin-with-aim-to-revive-ukraine-grain-export-deal-123090400658_1.html Talks between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan began on Monday Russian President Vladimir Putin (Photo: PTI) Listen

Govt may give 6 months to industry to adjust to new data rules: MoS IT

https://www.business-standard.com/india-news/govt-may-give-6-months-to-industry-to-adjust-to-new-data-rules-mos-it-123090401211_1.html Clipped from: https://www.business-standard.com/india-news/govt-may-give-6-months-to-industry-to-adjust-to-new-data-rules-mos-it-123090401211_1.html The government may give around six months to industry to align with the Digital Personal Data Protection Act, Minister of State for

Chief executives of shadow banks urge RBI to allow public deposits

https://www.business-standard.com/economy/news/chief-executives-of-shadow-banks-urge-rbi-for-accepting-public-deposit-123090300471_1.html Clipped from: https://www.business-standard.com/economy/news/chief-executives-of-shadow-banks-urge-rbi-for-accepting-public-deposit-123090300471_1.html Number deposit taking NBFCs fell sharply in last 8 years Representative Image Listen to This Article Chief executives of non-banking financial companies

Potential for Indian IT sector stocks likely to see some rerating

https://www.business-standard.com/markets/stock-market-news/potential-for-indian-it-sector-stocks-likely-to-see-some-re-rating-123090401141_1.html Clipped from: https://www.business-standard.com/markets/stock-market-news/potential-for-indian-it-sector-stocks-likely-to-see-some-re-rating-123090401141_1.html Much of the bad news seems priced in, and a gradual recovery in US tech spending could happen from Q2 Representative Image

Around 500,000 taxpayers get I-T department alert for low advance tax

https://www.business-standard.com/economy/news/300k-500k-get-i-t-department-intimation-for-zero-or-lower-advance-tax-123090401275_1.html Clipped from: https://www.business-standard.com/economy/news/300k-500k-get-i-t-department-intimation-for-zero-or-lower-advance-tax-123090401275_1.html ‘Intimation’ comes ahead of tax payment due date Listen to This Article The income tax (I-T) department issued intimations to an estimated

CBDC can fix cross-border payment problems: RBI Governor Shaktikanta Das

https://www.business-standard.com/finance/news/cross-border-payments-continue-to-be-high-cost-low-speed-rbi-governor-123090401058_1.html lipped from: https://www.business-standard.com/finance/news/cross-border-payments-continue-to-be-high-cost-low-speed-rbi-governor-123090401058_1.html RBI governor flags issues of high cost, low speed, limited access RBI Governor Shaktikanta Das at the G20 TechSprint Finale organised by

Burden Lies on Assessee to Prove that his Case Falls under Exemption Notification: CESTAT confirms Service Tax Demand on Restaurant Service

Read More: https://www.taxscan.in/burden-lies-on-assessee-to-prove-that-his-case-falls-under-exemption-notification-cestat-confirms-service-tax-demand-on-restaurant-service/317458/ Clipped from: https://www.taxscan.in/burden-lies-on-assessee-to-prove-that-his-case-falls-under-exemption-notification-cestat-confirms-service-tax-demand-on-restaurant-service/317458/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Burden%20Lies%20on%20Assessee%20to%20Prove%20that%20his%20Case%20Falls%20under%20Exemption%20Notification:%20CESTAT%20confirms%20Service%20Tax%20Demand%20on%20Restaurant%20Service Top Stories The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), confirmed service tax demand on restaurant service

Data Protection Bill gives state sweeping powers – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/data-protection-bill-gives-state-sweeping-powers/article67076973.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/data-protection-bill-gives-state-sweeping-powers/article67076973.ece Various provisions of the Bill have been left ambiguous too Six years after the Supreme Court upheld privacy as a fundamental right,

DGFT issues notice regarding to extend Pre and Post shipment Export Credit and Packing Credit Loan in Foreign Currency for E-Commerce Exports

Read More: https://www.taxscan.in/dgft-issues-notice-regarding-to-extend-pre-and-post-shipment-export-credit-and-packing-credit-loan-in-foreign-currency-for-e-commerce-exports/317558/ Clipped from: https://www.taxscan.in/dgft-issues-notice-regarding-to-extend-pre-and-post-shipment-export-credit-and-packing-credit-loan-in-foreign-currency-for-e-commerce-exports/317558/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=DGFT%20issues%20notice%20regarding%20to%20extend%20Pre%20and%20Post%20shipment%20Export%20Credit%20and%20Packing%20Credit%20Loan%20in%20Foreign%20Currency%20for%20E-Commerce%20Exports Top Stories The Directorate General of Foreign Trade (DGFT), vide Trade Notice no. 26/2023 issued extension of Pre Shipment and Post

👍👍👍👍👍PayNearby, Grameen Foundation partner to upskill 1.5 lakh business correspondents in rural areas | The Financial Express

https://www.financialexpress.com/business/sme-paynearby-grameen-foundation-partner-to-upskill-1-5-lakh-women-in-rural-areas-as-business-correspondents-3232193/ Clipped from: https://www.financialexpress.com/business/sme-paynearby-grameen-foundation-partner-to-upskill-1-5-lakh-women-in-rural-areas-as-business-correspondents-3232193/ The collaboration will launch a two-year pan-India project ‘Scaling Agent Viability and Quality in India’ supported by the Bill and Melinda Gates

Gold purchase in wife’s name: Will you have to pay tax on income from its sale in future? | The Financial Express

https://www.financialexpress.com/money/income-tax-gold-purchase-in-wifes-name-will-you-be-liable-to-pay-tax-on-its-sale-in-future-3232382/ Clipped from: https://www.financialexpress.com/money/income-tax-gold-purchase-in-wifes-name-will-you-be-liable-to-pay-tax-on-its-sale-in-future-3232382/ Taxation of Gold purchased in wife’s name: Selling an asset at a price higher than the price at the time of purchase

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