Clipped from: https://www.business-standard.com/article/economy-policy/centre-hopes-fuel-cess-will-not-hit-merchandise-exports-in-fy23-122070300813_1.html The ministry imposed cess on petroleum products of Rs 6 a litre, Rs 13 per litre and Rs 6 on petrol, diesel and
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.
*****Huge treasury loss staring at banks in June quarter | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/huge-treasury-loss-staring-at-banks-in-june-quarter-122070300581_1.html Will the RBI step in again to the rescue of the banks and ensure smooth sailing of the government’s record borrowing plan this
A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a
CAD likely to double in FY23; rupee seen crossing 80/$: Economists – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/despite-higher-taxes-on-gold-imports-current-account-deficit-to-more-than-double-reports/articleshow/92635581.cms Synopsis While the export duty on oil could improve govt finances marginally, the raising of import costs for gold is unlikely to curb
Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts | The Financial Express
Clipped from: https://www.financialexpress.com/economy/windfall-tax-to-recoup-most-of-rs-1-lakh-cr-revenue-lost-in-excise-cuts/2580885/ India on July 1 joined a select league of nations globally that have taxed windfall gains accruing to oil companies from soaring energy
*Labour codes not to kick in from Friday even as states, UTs frame rules | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/labour-codes-not-to-kick-in-from-friday-as-states-uts-frame-rules-122063001190_1.html The Centre has already finalised rules on all the four codes Once implemented, the codes will replace 29 existing labour laws. The Union
*Twin deficit problem: What does it mean and how does it affect an economy? | Business Standard News
Clipped from: https://www.business-standard.com/podcast/finance/what-is-a-twin-deficit-problem-122062300077_1.html The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem that
*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
*Capex is the route to economic revival, says FM Nirmala Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/capex-is-the-route-to-economic-revival-says-fm-nirmala-sitharaman-122070200024_1.html In an exclusive interview with BS, Sitharaman says spend on capital assets may work better than sector-specific fiscal steps Union Finance Minister Nirmala
*How the RBI unconventionally innovated policy to fight the pandemic-Soumya Kanti Ghosh writes:-INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/how-the-bank-held-its-own-8002098/ Soumya Kanti Ghosh writes: It did not get fixated on a one-point agenda, daring to look beyond the inflation print, focussing on economic
*The biggest problem is our dependence on imported energy, which is 4% of our GDP’ | Express Exclusive News,The Indian Express
Clipped from: https://indianexpress.com/article/express-exclusive/explained-live-neelkanth-mishra-interview-the-biggest-problem-is-our-dependence-on-imported-energy-which-is-4pc-of-our-gdp-8005728/ Neelkanth Mishra, Co-head of Asia Pacific Strategy, India Equity Strategist with Credit Suisse and part-time member of the PM’s Economic Advisory Council, unpacks
*Why do small businesses need insurance urgently? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/why-do-small-businesses-need-insurance-urgently/articleshow/92611894.cms Synopsis Lack of awareness, coupled with thin margins, makes insurance a low priority, and business owners often neglect insurances the law does not
indian stocks: FIIs dump Indian stocks worth Rs 50,000 crore in June. Is the worse ahead? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/fiis-dump-indian-stocks-worth-rs-50000-crore-in-june-is-the-worse-ahead/articleshow/92610891.cms Synopsis The relentless FPI selling has to be seen in the context of steadily rising dollar and bond yields in the US, Vijayakumar
*A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a
*Reset mode: The Hindu Editorial on GST reform – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/reset-mode-the-hindu-editorial-on-gst-reform/article65590048.ece?homepage=true As GST turns five, its metamorphosis into a truly Good and Simple Tax needs greater Centre-States dialogue As GST turns five, its metamorphosis
*TN AAR says GST to be levied on employees’ share of canteen charges – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/tn-aar-says-gst-to-be-levied-on-employees-share-of-canteen-charges/article65592349.ece ‘The supply of food by the applicant is ‘Supply of Service’ by the applicant to their employees as the same is not a
Tax Query: How to make a family trust? – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-to-make-a-family-trust/article65560360.ece Income earned by the Trust in the nature of interest and dividend income would be taxable Myself and my wife are tax assessees.
Sixty companies exit the billion dollar m-cap club – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/sixty-companies-exit-the-billion-dollar-m-cap-club/article65593310.ece Up to 70% stock correction from the peak in October 2021 and a plummeting rupee have led to a double whammy It’s not
*An inevitable decision: Duty hikes on oil are a practical move in the face of a tough external environment | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/an-inevitable-decision-duty-hikes-on-oil-are-a-practical-move-in-the-face-of-a-tough-external-environment/2579974/?ref=Must_Read One could also argue such out-of-turn revisions in duties are generally undesirable in the interest of tax structure stability. One could also argue
*Taming twin deficit: Tax imposed on fuel exports, levy on crude doubled | The Financial Express
Clipped from: https://www.financialexpress.com/economy/taming-twin-deficit-tax-imposed-on-fuel-exports-levy-on-crude-doubled/2579454/?ref=Must_Read The Indian rupee hit a new all-time low of 79 against the dollar on Friday, amid unabated FPI outflows from equities and a
