Clipped from: https://www.business-standard.com/article/economy-policy/how-the-rbi-is-creating-conditions-for-foreign-flows-to-come-back-to-india-122071300776_1.html The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment
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.
*****Industry hopes Govt retains export sops on rupee-settled deals – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/industry-hopes-govt-retains-export-sops-on-rupee-settled-deals/article65631262.ece Calls to cut down huge price difference between the buy and sell quote on the rupee The industry trade with countries facing sanctions
*PSBs set to go live on account aggregator platform soon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-set-to-go-live-on-account-aggregator-platform-soon/article65630474.ece SBI, Canara Bank, Punjab National Bank, and Indian Bank have started their implementation The account aggregator ecosystem is set to get a major
Need to link small and large businesses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/need-to-link-small-and-large-businesses/article65632474.ece By supplying large firms with ‘intermediate products’, small units play a key role in manufacturing sector’s growth The share of the manufacturing sector
*******ITAT okays adding betting earnings to business income – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/sports/itat-okays-adding-betting-earnings-to-business-income/article65630430.ece Rules estimate of income from betting as ‘fair and reasonable’ Betting is illegal but there is nothing wrong in adding the earnings from
*GST: Consensus eludes GoM on online gaming, casino & horse racing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/consensus-eludes-gom-on-online-gaming-casino-horse-racing/article65631887.ece Group of Ministers aims to submit final report before Aug 10 A Group of Ministers (GoM) on online gaming, casinos and horse-racing, in
*With RBI allowing trade settlement in Re, India, Russia can set up banking structure – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/rbi-framework-in-place-india-russia-to-speed-up-banking-arrangement-for-rupee-denominated-trade/article65631845.ece Discussion on a payment system to circumvent Western sanctions against Russian banks was initiated during Russian Foreign Minister’s visit in April, say sources
*****Major PSU banks to go live on account aggregator system by July-end | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/major-psu-banks-to-go-live-on-account-aggregator-system-by-july-end-122071200973_1.html SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem
*******Asian countries in talks for settling trade in domestic currencies | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/asian-countries-in-talks-for-settling-trade-in-domestic-currencies-122071201015_1.html Countries to accept trading partners’ currency; move aimed at reducing dollar dependence Commodities such as crude oil are denominated in the US dollar,
*******Unhealthy tax – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/unhealthy-tax/article65632411.ece The GST on hospital rooms needs to be reviewed In the recently concluded 47th GST Council meeting, among the other decisions taken, a
*How Putin is protecting the Euro – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-putin-is-protecting-the-euro/article65632467.ece Russian leader’s invasion of Ukraine has seen a closing of ranks across Europe, and there’s not a whisper of the Euro falling apart
*****No contract, paid leaves, social security: Life of salaried workers in India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/visually/no-contract-paid-leaves-social-security-life-of-salaried-workers-in-india/article65632526.ece Almost a fourth of India’s employed people have salaried jobs. However, the number of people who actually reap benefits out of the jobs
*****Trading gains | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/trading-gains-122071201487_1.html Rupee settlement will increase flexibility The Reserve Bank of India (RBI) has done well to allow international trade settlement in Indian rupees. This will give
*Want a lower motor insurance premium? Watch how (often) you drive | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/want-a-lower-motor-insurance-premium-watch-how-often-you-drive-122071101210_1.html Floater policies will be cost-effective, provide convenience of renewal at one go for multiple vehicles While it is too early to predict the
*CBIC to issue SOP for GST summons to stop harassment of businesses | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/cbic-to-issue-sop-for-gst-summons-notices-to-stop-harassment-of-businesses-122071100271_1.html The new SOP will make officials more accountable and will also make the entire process transparent Central Board of Indirect Taxes and Customs
Data Drive: Credit support to MSMEs | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/data-drive-credit-support-to-msmes/2589317/ Loans amounting to Rs 3.32 trillion were sanctioned under the scheme, and till April 30, 2022, Rs 2.54 trillion had been disbursed. Private
*****How to deal with capital gains from equity mutual funds? | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-how-to-deal-with-capital-gains-from-equity-mutual-funds/2592000/ Things have become difficult for the investors investing in equities after reintroduction of tax on long-term capital gain (LTCG) from equities. Apart from
*****Income Tax Return filing salaried employees AY 2022-23: Section 80C deductions on which benefits apply | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-filing-salaried-employees-ay-2022-23-section-80c-deductions-on-which-benefits-apply/2591639/ The Income Tax Return (ITR) deadline for AY 2022-23 or FY 2021-22 is July 31 for salaried employees whose accounts don’t need to
From magnetic stripe to chip to tokenisation: How will RBI’s new measure make cards safer? | The Financial Express
Clipped from: https://www.financialexpress.com/money/from-magnetic-stripe-to-chip-to-tokenisation-how-will-rbis-new-measure-make-cards-safer/2591843/ To make the cards secure and safeguard the card users, RBI has taken several steps over the years with the advancement in technologies
*****Tax Talk | Cash withdrawals: File ITR 2 or 3 to claim TDS | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-talk-cash-withdrawals-file-itr-2-or-3-to-claim-tds/2591831/ An assessee cannot claim credit for TDS on large cash withdrawals under Section 194N in Form ITR 1 even if his taxable income
