Clipped from: https://www.financialexpress.com/opinion/the-rupee-challenge-rbi-need-not-defend-rupee-and-should-hike-rates-only-to-the-extent-needed-to-tame-inflation/2599335/ RBI believes the rupee is fairly valued and would not be uncomfortable with the rupee depreciating to levels just beyond the 80 mark,
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
‘SMEs, medium-sized retailers struggle to fully get in sync with services of payment aggregators’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-smes-medium-sized-retailers-struggle-to-fully-get-in-sync-with-services-of-payment-aggregators/2600785/ Credit and finance for MSMEs: Payment service providers (PSPs) can help them grow their businesses by offering a cost-effective platform to accommodate multiple
Hurtling to 80 and beyond – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/hurtling-to-80-and-beyond/article65663337.ece Conversations on why the rupee is falling, and more Netaji, realising that he is now moving into morbid obesity, recently started going to
How dollar hegemony is gradually receding – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-dollar-hegemony-is-gradually-receding/article65663386.ece The US no longer has the largest share of global trade and most countries are reducing dollar holdings in their reserves Dollar’s uneasy
Rupee may fall to 81 against US dollar amid widening trade deficit, risk-off sentiments and FII outflows | The Financial Express
Clipped from: https://www.financialexpress.com/market/rupee-may-fall-to-81-against-us-dollar-amid-widening-trade-deficit-risk-off-sentiments-and-fii-outflows/2598771/?ref=Must_Read The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions
Legal heir bound by law to file deceased’s tax return for year of death | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/legal-heir-bound-by-law-to-file-deceased-s-tax-return-for-year-of-death-122071900994_1.html Failure to do so can result in penalties for the legal heir Photo: Shutterstock A person with a total income exceeding the basic
ITR 2021-22: Using the Demat account to verify your income tax return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/itr-2021-22-using-the-demat-account-to-verify-your-income-tax-return-122072000224_1.html Once the ITR 2021-22 is filed, the taxpayer needs to verify their return within 120 days, or it is deemed invalid The income tax department
Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/give-htm-latitude-of-bond-portfolios-beyond-march-2023-banks-to-rbi-122072001134_1.html Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising
RBI prepared to spend $100 bn more for defending rupee, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-prepared-to-spend-100-bn-more-for-defending-rupee-says-report-122072000412_1.html Most analysts and traders believe worst is yet to come for the rupee, despite the RBI’s intent to defend the currency and India’s
Renting apartments gets costlier for companies with new GST rates in effect | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/renting-apartment-get-costlier-for-companies-with-new-gst-rates-in-effect-122072000598_1.html The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST) As the revised rates of GST after
CAIT to states: Withdraw 5% GST on unbranded food items | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-cait-to-states-withdraw-5-gst-on-unbranded-food-items/2600745/ Ease of Doing Business for MSMEs: According to CAIT, 85 per cent of the country’s population buy unbranded items and hence, the decision
Govt plans short-term foreign trade policy, may release before September | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/govt-plans-short-term-foreign-trade-policy-may-release-before-september-122072001235_1.html The new policy is much-awaited, following the extension of the existing policy for more than two years A new FTP was deferred and
*******HC explains Provisions of Section 148A of Income Tax Act, 1961–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/hc-explains-provisions-section-148a-income-tax-act-1961.html?utm_source=feedburner&utm_medium=email Abdul Majeed Vs ITO (Rajasthan High Court) High Court held that while passing an order under Section 148A of the Act, the authority
*******FAQ’s on AIS (Annual Information Statement)–TAXGURU.IN
lipped from: https://taxguru.in/income-tax/faqs-ais-annual-information-statement.html?utm_source=feedburner&utm_medium=email Q-1 What is Annual Information Statement (AIS)? Ans. Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form
*******Extended period of limitation cannot be invoked in absence of willful misstatement/suppression of fact–TAXGURU.IN
Clipped from: https://taxguru.in/excise-duty/extended-period-limitation-invoked-absence-wilful-misstatement-suppression-fact.html?utm_source=feedburner&utm_medium=email Commissioner of Service Tax Vs Surya Vistacom Private Limited (Calcutta High Court) Held that the conclusion that mere non-payment of duties is not
*******Demand of service tax, merely on the basis of TDS/ 26AS statement, unsustainable–TAXGURU.com
Clipped from: https://taxguru.in/service-tax/demand-service-tax-merely-basis-of-tds-26as-statement-unsustainable.html?utm_source=feedburner&utm_medium=email Forward Resources Pvt. Ltd. Vs C.C.E. (CESTAT Ahmedabad) Held that the demand of services tax is not sustainable on the basis of TDS /26AS statements.
*Rupee at 80: How top Indian companies hedged themselves for dollar | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rupee-at-80-how-top-indian-companies-hedged-themselves-for-dollar-122071900335_1.html?code=NTM4OTU9MTIyMDcxOTAwMzM1 Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions Photo: Bloomberg Reliance Industries, the Tata group, Bharti Airtel and Aditya
Urban co-operative banks to have four-tiered regulatory framework: RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-announces-four-tiered-regulatory-framework-for-urban-co-op-banks-122071901245_1.html?code=NTM4OTU9MTIyMDcxOTAxMjQ1 An expert committee, headed by former RBI deputy governor N S Vishwanathan, had made a host of recommendations for strengthening the UCBs Photo:
Rupee at 80 to the dollar: Forex deficit to hurt India Inc’s margins | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rupee-at-80-to-the-dollar-forex-deficit-to-hurt-india-inc-s-margins-122071900359_1.html?code=NTM4OTU9MTIyMDcxOTAwMzU5 As the rupee touches the 80-mark against the dollar, this depreciation is likely to prove expensive for corporate India The Indian currency has
*Companies make over 25 kg packs to avoid 5% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/companies-make-over-25-kg-packs-to-avoid-5-gst/articleshow/92989805.cms Synopsis The CBIC on Sunday clarified that pre-packaged food items weighing more than 25 kg in a single packet would be exempted from
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