Clipped from: https://www.business-standard.com/article/economy-policy/white-goods-solar-modules-get-rs-10-738-crore-worth-of-pli-push-121040800121_1.html While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar
Category: Budget
PLI scheme for air conditioners fails to excite local manufacturers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pli-scheme-for-air-conditioners-fails-to-excite-local-manufacturers-121040800105_1.html Lack of incentive for incremental assembly may delay investments Leading consumer durables manufacturers said it will help in growing the local AC manufacturing
Accounting software with audit trail feature: MCA postpones implementation to FY23 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/accounting-software-with-audit-trail-feature-mca-postpones-implementation-to-fy23/2228888/ The postponement of the rule, a senior government official said, is in view of the Covid situation in the country. “Giving a year’s
Vehicle scrappage: Mahindra & Mahindra teams up with MMRPL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/vehicle-scrappage-mahindra-mahindra-teams-up-with-mmrpl/article34261409.ece To offer customers an end-to-end solution Mahindra & Mahindra on Wednesday said it has signed an MoU with Mahindra MSTC Recycling Private Limited
Cabinet approves PLI scheme for ACs, LEDs, high-efficiency solar PV modules–business today
Clipped from: https://www.businesstoday.in/sectors/energy/cabinet-approves-pli-for-ac-leds-high-efficiency-solar-pv-modules/story/435977.html PLI scheme: The PLI scheme, which aims at boosting domestic manufacturing in the country, is a central government initiative to make the indigenous industry
4 lakh jobs, Rs 7,920 crore investment: The perks of PLI for white goods–business today
Clipped from: https://www.businesstoday.in/current/corporate/4-lakh-jobs-rs-7920-crore-investment-the-perks-of-pli-for-white-goods/story/435989.html The scheme is expected to be instrumental in achieving growth rates that are much higher than existing ones for AC and LED industries,
Tweak the formula for small savings rates – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/tweak-the-formula-for-small-savings-rates/article34255379.ece There’s a need to de-link the small savings rates from the G-Sec market. Also, the setting period needs reconsideration The announcement relating to
NITI Aayog considers separate PLI scheme for MSMEs, examines biz models | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/niti-aayog-considers-separate-pli-scheme-for-msmes-examines-biz-models-121040601463_1.html Seeks different schemes for firms with higher targets, and smaller ones The PLI scheme does not currently focus on making MSMEs a part
India vehicle scrappage policy: How some clarity from government could help carmakers – The Financial Express..
Clipped from: https://www.financialexpress.com/auto/industry/india-vehicle-scrappage-policy-clarity-from-government-could-help-carmakers-end-of-life-scrapyard-salvage-car-bike/2227134/ The vehicle scrappage policy proposed by the government does indeed come with its terms and conditions. While we aren’t privy to these yet,
bad loans: RBI may set up task force soon: Rules for ARCs likely to be reviewed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rules-for-arcs-likely-to-be-reviewed/articleshow/81904479.cmsSynopsis The move could involve examining proposals like weaving the role of ARCs in the insolvency and bankruptcy code, letting them join hands with
The Central government may not be able to bite the small saving interest bullet for long – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/view-the-central-government-may-not-be-able-to-bite-the-small-saving-interest-bullet-for-long/articleshow/81876461.cmsSynopsis Come the end of the first quarter, when the hurly burly of the state elections are done, there could be another attempt at
Small savings U-turn: Bad economics, bizarre optics–deccam chronicle
Clipped from: https://www.deccanchronicle.com/opinion/dc-comment/020421/dc-edit-small-savings-u-turn-bad-economics-bizarre-optics.html The plan was jettisoned overnight, but even at the prevailing rates of interest for small savings, the ordinary householder is eking out a hard
AAR in new avatar: Old wine or efficient machinery for disposal of cases? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/aar-in-new-avatar-old-wine-or-efficient-machinery-for-disposal-of-cases-121021000797_1.html Experts say while the backlog of cases will most likely be reduced, the quality of rulings may not inspire taxpayers The Authority for
Experts unsure if new AAR for direct taxes will resolve disputes faster | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/experts-unsure-if-new-aar-for-direct-taxes-will-resolve-disputes-faster-121021400914_1.html Experts also believe that at least pendency of cases would come down, though only time will tell about quality of orders Illustration: Ajay
A dive into five contentious issues contained in Finance Bill, 2021 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-dive-into-five-contentious-issues-contained-in-finance-bill-2021-121031000706_1.html Govt may have to respond to concerns over equalisation levy, exporters issues, definition of the term ‘liable to tax’ and taxability of interest
PLI–For a bigger spread – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/for-a-bigger-spread/article34225046.ece Food processing PLI scheme should serve niche, small-scale innovators, too The ₹10,900-crore Production-Linked Incentive scheme for the food processing industry is likely to
Govt’s borrowing plan to mount pressure on G-Sec yields in H1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govts-borrowing-plan-to-mount-pressure-on-g-sec-yields-in-h1/article34225706.ece?homepage=true The Indian government is planning to raise a whopping Rs 7.24 lakh crore in the first half of this year Government Security yields
The new DFI must look beyond financing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-new-dfi-must-look-beyond-financing/article34217199.ece The proposed development finance institution must find ways to bring private sector back into infrastructure A brand new DFI, the National Bank for
Navigating the political economy’s pitfalls: No easy options for government after small savings scheme interest rate cut fiasco–TIMES OF INDIA
lipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/navigating-the-political-economys-pitfalls-no-easy-options-for-government-after-small-savings-scheme-interest-rate-cut-fiasco/Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who respond
Is RBI fighting the wrong battle? | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/is-rbi-fighting-the-wrong-battle-967411.html Forgotten in this tug of war is the question of whether interest rates really matter under Indian conditions RBI Governor Shaktikanta Das. Credit:
aniltikotekar4sme.com 