Clipped from: https://www.thehindubusinessline.com/markets/sebi-asks-bourses-depositories-to-launch-online-complaint-redressal-system/article65599537.ece The redressal mechanism will be implemented within six months To enable investors to lodge their complaints and track the status of redressal of
Author: Anil R Tikotekar
*KYC updation: SBI freezes accounts, customers are in for a shock – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/kyc-updation-sbi-freezes-accounts-customers-are-in-for-a-shock/article65598071.ece Senior official claims customers were alerted ‘well in advance’; Bank’s login portal, however, has no general notification As part of its Know Your
*TDS on free trade samples: Nilgiri Bought Leaf Tea Manufacturers seek Board’s clarity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/tds-on-free-trade-samples-nilgiri-bought-leaf-tea-manufacturers-seek-boards-clarity/article65599197.ece Move follows amendment to Sec 194(R) of I.T. Act from July 1 The Nilgiri Bought Leaf Tea Manufacturers Association has expressed its inability
*****Allow healthcare sector to claim input tax credit: FICCI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/discontinue-exemption-of-healthcare-sector-from-gst-allow-claim-of-input-tax-credit-ficci/article65600109.ece Industry chamber has urged Finance Ministry to bring healthcare under zero-rating GST The Federation of Indian Chambers of Commerce and Industry (FICCI) has
*****Are India’s forex reserves adequate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-indias-forex-reserves-adequate/article65600445.ece International Investment Position, which is a better metric than import cover, paints a less-than-rosy picture India has witnessed outflows of $29 billion in
*Slippery slope – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-should-stick-to-its-approach-of-maintaining-an-orderly-movement-in-the-rupee/article65599781.ece RBI should stick to its approach of maintaining an orderly movement in the rupee The rupee’s sharp depreciation against the dollar, inching closer
*****Government committed to the fiscal deficit target of 6.4%, says official – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/government-committed-to-stick-to-64-per-cent-fiscal-deficit-says-official/article65599207.ece ‘No cap and deadline fixed for withdrawal of windfall gain tax’ The Government is committed to stick to the fiscal deficit target of
*******RBI should intervene less, let rupee depreciate gradually: D Subbarao | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-should-intervene-less-let-rupee-depreciate-gradually-d-subbarao-122070400546_1.html In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually
***Policymakers don’t have fetish to raise rates: Revenue secy Tarun Bajaj | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/policymakers-don-t-have-fetish-to-raise-rates-revenue-secy-tarun-bajaj-122070500048_1.html But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said
*Brokerages remain bullish on Reliance Industries despite windfall tax | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/brokerages-retain-bullish-call-on-reliance-industries-despite-windfall-tax-122070401218_1.html Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade
*****Industry body voices concern over 5% GST on hospital room tariffs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/industry-body-voices-concern-over-5-gst-on-hospital-room-tariffs-122070500046_1.html Ficci bats for zero GST on health care in letter to FM; CAIT against tax tweaks on food items The chamber added hospitals
*Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/june-merchandise-trade-gap-at-record-25-6-bn-experts-say-cad-could-double-122070401194_1.html India’s traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion Among major import
*No experience, no resume and you’re hired! Hotels fight for staff | Business Standard News
Clipped from: https://www.business-standard.com/article/international/no-experience-no-resume-and-you-re-hired-hotels-fight-for-staff-122070500057_1.html Europe’s largest hotelier Accor is running trial initiatives to recruit people who haven’t previously worked in the industry Thousands of workers left the
*******The long-term hurdles to India’s export growth | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/the-long-term-hurdles-to-india-s-export-growth-122070401365_1.html No country has succeeded in becoming a merchandise export powerhouse unless its quality standards are uniformly high Can exports power India’s economic growth?
How to exchange damaged torn and taped currency notes in India? – RBI Rule | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/how-to-exchange-damaged-torn-and-taped-currency-notes-in-india-rbi-rule-122070401396_1.html As per RBI (Note Refund) Rules, 2009 no bank can decline to exchange the damaged, mutilated, taped or torn banknotes. Here’re RBI rules
*******Labour reforms — a long and slow process | The Financial Express
Clipped from: https://www.financialexpress.com/economy/explainer-labour-reforms-a-long-and-slow-process/2578970/ Over 6 years later, 4 labour codes were notified following presidential assent. Though these laws are yet to take effect, labour market rigidities
*****Oil windfall tax to yield Rs 40,000 crore net revenue | The Financial Express
Clipped from: https://www.financialexpress.com/economy/oil-windfall-tax-to-yield-rs-40000-crore-net-revenue/2582779/ The profit generated after accounting for cost from producing crude and natural gas from fields, awarded by the government under a production sharing
*GST Council decides not to change 28% taxation on all forms of gambling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-council-decides-not-to-change-28-taxation-on-all-forms-of-gambling/articleshow/92661843.cms Synopsis The online gaming industry has sought to delineate games of skill and chance it serves up. High courts in several states have
*****Credit ratings info only where it’s due – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/credit-ratings-info-only-where-its-due/articleshow/92661857.cms Synopsis Reportedly, rating agencies also expect Sebi to deal with the pitfalls of rating companies that do not share their financials. Earlier, the
Small traders to gain in GST relief for e-commerce sellers, transport | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/small-traders-to-gain-in-gst-relief-for-e-commerce-sellers-transport-122062901384_1.html For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including