lipped from: https://www.business-standard.com/article/markets/rupee-nears-80-level-vs-us-dollar-with-100-bp-fed-rate-hike-on-cards-122071401386_1.html Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday Photo: Brent Lewin/Bloomberg The rupee closed at 79.88
Author: Anil R Tikotekar
*******It’s prudent to file nil ITR even if your income is below Rs 2.5 lakh | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/it-s-prudent-to-file-nil-itr-even-if-your-income-is-below-rs-2-5-lakh-122071401035_1.html Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa If an ordinarily resident taxpayer has
*******’Right to Repair’: Soon, consumers & third-party vendors may fix products | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-plans-right-to-repair-to-let-consumers-third-party-repair-products-122071401142_1.html Committee identifies farming equipment, cell phones, consumer durables among sectors for policy The government will make it mandatory for car, cell phone and other consumer goods companies
******OneCard is India’s 104th unicorn, raises $100 mn in Series D led by Temasek | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/onecard-is-india-s-104th-unicorn-raises-100-mn-in-series-d-led-by-temasek-122071401287_1.html The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird
*******Wheat stock in central pool close to minimum threshold amid low procurement | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/wheat-stock-in-central-pool-close-to-minimum-threshold-amid-low-procurement-122071401511_1.html Grain inventory in central pool, as on July 1, 2022, lowest since 2019 The last time the wheat stocks in the Central pool
*Settling trade in rupee: FTP tweaks may allow traders export benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-to-soon-make-amendments-to-ftp-for-settling-trade-in-rupees-122071401325_1.html It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to
*India’s dipping learning levels | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/in-perspective/indias-dipping-learning-levels-1124732.html The 2021 survey reported an average learning level of 59 per cent in grade 3; 49 per cent in grade 5; 42 per
*******Mental health: Who decides need for treatment? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/mental-health-who-decides-need-for-treatment-1125490.html The first step towards recognition of the government’s responsibility towards mental healthcare facilities was the enactment of the Mental Healthcare Act, 2017 Representative image. Credit:
*Healthcare needed for returning NRIs | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/healthcare-needed-for-returning-nris-1126121.html Healthcare expenditure necessitated within the Indian medical ecosystem may appear to be comparatively affordable from an expat’s perspective Representative image. Credit: iStock Photo Low-Income
*Why are women and children in India becoming more anaemic? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/why-are-women-and-children-in-india-becoming-more-anaemic-1126584.html The prevalence of anaemia in India was a concern in 2000 and has worsened two decades later despite gains in the intervening period
*******How to file taxes for minors | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/how-to-file-taxes-for-minors-1113627.html When it comes to filing the tax, a minor can also file, if their earning amount is over Rs 1,500 monthly Representative image.
Fed official signals willingness to hike interest rates full percentage point | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/fed-official-signals-willingness-to-hike-interest-rates-full-percentage-point-1126801.html The Fed in March began aggressively raising borrowing costs to try to cool demand amid the impact of the Ukraine war The Fund
As rupee falls, spread between India and US bond yields tightens | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/as-rupee-falls-spread-between-india-and-us-bond-yields-tightens-122071401286_1.html In comparison, the recent decline in the yield spread is because bond yields in the US have risen faster than in India Photo:
Global recession fears may ease inflationary pressures: Govt report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/inflationary-stress-may-ease-on-fears-of-recession-finance-ministry-122071401342_1.html CAD will deteriorate if crude prices don’t come down Illustration: Binay Sinha With global prices set to soften due to fears of a
*RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/ril-ongc-gain-amid-report-govt-may-lower-windfall-tax-on-fuel-on-friday-122071400778_1.html On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent. Shares
Overseas investors continue to cut shareholding in both HDFC, HDFC Bank | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/overseas-investors-continue-to-cut-shareholding-in-both-hdfc-hdfc-bank-122071401489_1.html FPIs’ stake down over 400 bps in both, move paves way for global index inclusion of merged unit Illustration: Binay Sinha Foreign portfolio
GST 2.0: Next stage of reform in the tax regime requires creating federal institutions | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/gst-2-0-next-stage-of-reform-in-the-tax-regime-requires-creating-federal-institutions-8029959/ It can bring together senior officers from the Centre and states in an institutional forum registered under the Society Act. This forum could
The road to rolling out labour codes – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/the-road-to-rolling-out-labour-codes/article65640280.ece?homepage=true What are the reasons for the delay in implementing the four labour codes? Why are the central trade unions against the move? What
*****Fiscal deficit reined in, CAD a concern: Finance Ministry – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/fiscal-deficit-under-control-current-account-a-worry-finmin/article65640824.ece?homepage=true “Inflation, trade deficit are key challenges” “Inflation, trade deficit are key challenges” India’s macro risks have receded in recent weeks and concerns about
General insurance: Flight delayed? Know how travel insurance can help | The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/general-insurance-flight-delayed-know-how-travel-insurance-can-help/2594509/ Travel insurance can compensate passengers if a flight gets delayed, re-scheduled or cancelled Travel insurance with flight delay cover can help travellers in