Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-risk-of-the-fiscal-that-fuel-cuts-bring/articleshow/91773459.cms Synopsis The revenue forgone on duty reductions on petrol and diesel is expected to be in excess of ₹1 lakh crore for the
Category: ART
*****When the country is going through a crunch like this, additional taxation may be the answer: Mythili Bhusnurmath – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/when-the-country-is-going-through-a-crunch-like-this-additional-taxation-may-be-the-answer-mythili-bhusnurmath/articleshow/91780686.cms SECTIONS When the country is going through a crunch like this, additional taxation may be the answer: Mythili Bhusnurmath By Tamanna Inamdar ,Last
*****Proposed Indo-Pacific trade bloc: Here’s a look at what is in it for India | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/proposed-indo-pacific-trade-bloc-here-s-a-look-at-what-is-in-it-for-india-122052401759_1.html Apart from the four Quad members, IPEF includes Brunei Darussalam, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam PM
*****Govt announces import relief for edible oil; cut in sugar exports next | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-to-curb-sugar-exports-slash-edible-oil-tariffs-to-tame-price-spike-122052401554_1.html Move follows ban on wheat export to rein in inflation Since February 2021, the government reduced the duty on edible oils six times
*****Quad countries make $50-bn infra push for Indo-Pacific to counter China | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/quad-countries-make-50-bn-infra-push-for-indo-pacific-to-counter-china-122052500004_1.html Without naming Sri Lanka, the Quad leaders also resolved to address debt issues of countries in the region (Left to right) Australian Prime
*****All hands on deck: On Centre’s duty cut on petro products – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/all-hands-on-deck/article65453833.ece After Centre’s duty cut, States must do the same with their taxes After Centre’s duty cut, States must do the same with their
*****What affects your credit score? Find out | The Financial Express
Clipped from: https://www.financialexpress.com/money/what-affects-your-credit-score-find-out/2536404/ Missing even a single EMI deadline can lower your credit score significantly and it might take a long duration to make up for
*We don’t see Trai’s proposed KYC-based caller ID mechanism as competitive service: Truecaller CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/we-dont-see-trais-proposed-kyc-based-caller-id-mechanism-as-competitive-service-truecaller-ceo/articleshow/91767018.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The statement by Truecaller CEO and co-founder Alan Mamedi assumes significance as sector regulator Telecom Regulatory Authority of India (Trai) is soon
*Govt mulls tax cut on soybean and sunflower oil to cool prices – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/food/govt-mulls-tax-cut-on-soybean-and-sunflower-oil-to-cool-prices/articleshow/91768893.cms Synopsis Curbing the tax could be one of the limited options available for the government to reduce surging vegetable oil prices in the
*****Fuel a long-term strategy for oil now – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/fuel-a-long-term-strategy-for-oil-now/articleshow/91728651.cms Synopsis 70% of diesel and 99.6% of petrol are used in transportation. Aggregating energy demand, introducing efficiencies and encouraging alternatives must be the
*****RBI will have to continue hiking rates for the next few quarters to get inflation under control – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-rbi-will-have-to-continue-hiking-rates-for-the-next-few-quarters-to-get-inflation-under-control/articleshow/91750794.cms Synopsis Post-pandemic, however, with the potential growth rate having fallen to 6-6.5%, RBI is likely to work with 0-25 bps positive real rate
*After 3 months of Ukraine war, life in Russia has profoundly changed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/after-3-months-of-ukraine-war-life-in-russia-has-profoundly-changed/articleshow/91749824.cms Synopsis Three months after the Feb. 24 invasion, many ordinary Russians are reeling from those blows to their livelihoods and emotions. Moscow’s vast
*Suppliers in spot as ITC, Cargill cancel wheat buying contracts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/agriculture/suppliers-in-spot-as-itc-cargill-cancel-wheat-buying-contracts/articleshow/91753756.cms Shambhavi Anand Editor, The Economic Times Synopsis India imposed the ban after domestic wheat and flour prices surged and a heatwave was expected
*****Limited impact | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/limited-impact-122052200873_1.html Tax cuts will not lower inflation significantly It was perhaps only a matter of time before the Union government acted to address public
*****Unexpected, but also unacceptable | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/unexpected-but-also-unacceptable-122052200911_1.html Russian invasion’s multi-dimensional impact, and India’s meek acceptance of the damage done to its economy The Russian invasion of Ukraine has upended the global recovery
*****All NPS schemes will now indicate risk profiles | The Financial Express
Clipped from: https://www.financialexpress.com/money/national-pension-system-all-nps-schemes-will-now-indicate-risk-profiles/2533821/ Based on the scheme characteristics, pension funds will have to assign a risk level for the seven schemes. For equity, parameters for risk
*****ITR filing is mandatory in 10 situations – Check if you fall in any of them | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/itr-filing-is-mandatory-in-10-situations-check-if-you-fall-in-any-of-them/2534367/ Section 139 lists certain situations wherein ITR filing by an individual is mandatory even if no tax has been deducted from his income
*****Repo rate hike ‘no brainer’ says RBI’s Shaktikanta Das; brace for more hikes in upcoming monetary policy meets | The Financial Express
Clipped from: https://www.financialexpress.com/economy/repo-rate-hike-no-brainer-rbis-shaktikanta-das-says-brace-for-more-hikes-in-upcoming-monetary-policy-meets/2534504/ In an interview to CNBC TV18, Das said he won’t be able to specify the rate, though he added that it would not
Joe Biden says a US recession not inevitable, pain to last ‘some time’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/joe-biden-says-a-us-recession-not-inevitable-pain-to-last-some-time/articleshow/91736068.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis Biden acknowledged the impact that severe supply shortages and high energy prices are having on U.S. families. He said his administration was
*****Banks to stop collateral-free intra-day funding to brokers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/banks-to-stop-collateral-free-intra-day-funding-to-brokers/articleshow/91731697.cms Synopsis Till now, such intra-day exposures to market intermediaries – unlike guarantees to a broker or longer-tenor loans to finance proprietary trades –