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
Author: Anil R Tikotekar
*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
How rupee shrugged off the fragile tag and outperformed despite shocks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/how-rupee-shrugged-off-the-fragile-tag-and-outperformed-despite-shocks-122062901142_1.html The domestic currency has fared better than many of its emerging market peers In nominal terms, the reserves rose $99.2 billion in 2020-21
*Five years on, has GST delivered? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-five-years-on-has-gst-delivered/article65579054.ece The objective of achieving a unified indirect tax system for a country as large and as densely populated as India was no mean
GST: What lies ahead for India’s most ambitious indirect tax reform? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-what-lies-ahead-for-india-s-most-ambitious-indirect-tax-reform-122063001481_1.html The continuation of a business-as-usual approach can undermine the GST’s ability to either raise revenues for the government or improve the ease of
Five years of GST: Mistakes that have made the regime a disappointment | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-mistakes-that-have-made-the-regime-a-disappointment-122070100014_1.html Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention Clearly, there is
The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rupee-s-new-lows-why-it-s-not-necessarily-a-cause-for-concern-122070101203_1.html The framers of a ‘strong currency’ policy ignore that almost every country with a successful long-term record of development has pursued a ‘weak
Next stage for GST | Business Standard Editorials
Clipped from: https://www.thehindubusinessline.com/opinion/has-gst-been-a-game-changer/article65590076.ece It will become one if restrictions on availing input tax credit are removed and Appellate Tribunals are set up Five action-packed years. Forty-seven
Has GST been a game-changer? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/has-gst-been-a-game-changer/article65590076.ece It will become one if restrictions on availing input tax credit are removed and Appellate Tribunals are set up Five action-packed years. Forty-seven
5 years of GST: Congress slams flawed GST model, promises GST 2.0 with single, low rate if returned to power – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/5-years-of-gst-congress-slams-flawed-gst-model-promises-gst-20-with-single-low-rate-if-returned-to-power/article65589466.ece GST has serious birth defects which worsened over last five years, says former Finance Minister Chidambaram The Congress Party on Friday slammed the existing
How Meeshoo helped 5 lakh small businesses go online; targets breakeven early next year – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/how-meeshoo-helped-5-lakh-small-businesses-go-online-targets-breakeven-early-next-year/article65579436.ece ‘The move to waive compulsory GST registration will be a tailwind, making millions of small businesses come online’ Meesho, an e-commerce platform that
The rupee’s decline — need to curb volatility of capital flows – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-rupees-decline-need-to-curb-volatility-of-capital-flows/article65573549.ece The rupee has been declining continuously in the last three years. This has added to the inflationary pressures in the economy The second