Clipped from: https://www.businesstoday.in/current/economy-politics/sc-asks-cbdt-to-decide-on-exemption-to-nris-from-paying-income-tax-in-india/story/430869.html Several NRIs, stuck in the country due to Covid-19 travel restrictions, have been seeking relief from paying income tax under the residency criteria
Category: Economy
CAG picks holes in daily fuel pricing system; says petrol pumps delay revising rates–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/cag-picks-holes-in-daily-fuel-pricing-system-says-petrol-pumps-delay-revising-rates/story/430863.html The audit showed that there were 3,463 instances in 91 out of 188 outlets (Indian Oil – 40, Hindustan Petroleum -35 and Bharat
indian economy: India’s spending on growth to bring the economy on track leaves little for its vulnerable – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/indias-spending-on-growth-to-bring-the-economy-on-track-leaves-little-for-its-vulnerable/articleshow/80778896.cmsSynopsis While Modi’s popularity has endured throughout the pandemic, lower spending on social programs risks undermining his support as farmer protests gain international support.
JSW Group set to enter the e-commerce market by scaling up its JSW One initiative – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-group-set-to-enter-the-e-commerce-market-by-scaling-up-its-jsw-one-initiative/articleshow/80790941.cmsSynopsis As part of its e-commerce foray, JSW Group will also extend JSW One platform to influencers in the home-construction industry including contractors, masons,
How can India save $60 billion in forex every year? Start an international shipping line – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/how-can-india-save-60-billion-in-forex-every-year-start-an-international-shipping-line/articleshow/80779511.cms Synopsis–It is an idea whose time has come. A shipping line along with a port-led development model is what can drive India towards
We should target $340-$350 bln in exports for FY 22; contraction in trade lower than expected: FIEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/we-should-target-340-350-billion-in-exports-for-fy-22-contraction-in-trade-lower-than-expected-fieo/articleshow/80787035.cmsSynopsis Addressing a range of issues that are impeding growth for the exports sector, FIEO said that economic growth is not possible without a
Nearly 70K women borrowers get credit guarantee under Modi govt’s flagship MSME support scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-cgtmse-nearly-70k-women-borrowers-get-credit-guarantee-under-modi-govts-flagship-msme-support-scheme/2192094/ Credit and Finance for MSMEs: The loan accounts approved during FY20 for women entrepreneurs under CGTMSE to support their business expansion and growth
The Finance Minister’s 2021 Budget has thrown a huge lifeline, but will it work? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/search-rescue-operation/articleshow/80792802.cms Synopsis–The 2021-22 deficit is projected to decline to 6.5%, still very high, and similar in size to India’s fiscal deficits after the 1991-92
Nirmala Sitharaman’s Budget has growth written all over it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-nirmala-sitharamans-budget-has-growth-written-all-over-it/articleshow/80792799.cms Synopsis–This budget is not a traditional ‘consumption-led’ one, but rather infra-led, one that has high multipliers of growth. While it addressed several levers
No fiscal road map is meaningful without states: NK Singh – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/no-fiscal-road-map-without-states/articleshow/80795664.cms Synopsis–“Need a path that involves both Centre and states on fiscal deficit and debt; have suggested the constitution of an inter-governmental body of
Revamped Gold Scheme: Minimum deposit cut to 10 gm, jewellers roped in – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/revamped-gold-scheme-minimum-deposit-cut-to-10-gm-jewellers-roped-in/articleshow/80795970.cmsSynopsis Mobilising most of the idle gold from Indian households will help the country reduce dependence on import of gold and address the issue
Return of DFIs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/return-of-dfis/article33794397.ece?homepage=true Setting up a development financial institution is a good idea, but past errors should be avoided The Centre is banking on long-term infrastructure
Old wine, new bottle | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/old-wine-new-bottle-121020901964_1.html New DFI should not just be a bailout of the old One of the important announcements in this year’s Union Budget was the
A steep fiscal correction | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-steep-fiscal-correction-121020901981_1.html With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction About 10 days ago, the Union
CEA to bankers: If you want books in order then let your ‘karma’ be driven by your ‘dharma’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cea-to-bankers-if-you-want-books-in-order-then-let-your-karma-be-driven-by-your-dharma/2191482/ CEA Krishnamurthy V Subramanian was delivering the 11th R K Talwar memorial lecture organised by the Indian Institute of Banking and Finance. It
Pro forma gross NPAs of 17 banks estimated to be Rs 7 lakh crore – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/pro-forma-gross-npas-of-17-banks-estimated-to-be-rs-7-lakh-crore/2191468/ This implies Rs 1.04 lakh crore of bad loans in the system, which is yet to be recognised by the banks. The apex
V for Vindication: A Budget for V-shaped recovery – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/v-for-vindication-a-budget-for-v-shaped-recovery/2191437/ The government could have gone for a survival Budget or a recovery Budget, but it had the gumption to think long-term and went
Honda raises full-year profit forecast helped by car sales rebound, cost cuts | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/honda-raises-full-year-profit-forecast-helped-by-car-sales-rebound-cost-cuts-949310.html Honda’s latest profit forecast is up from the 420 billion yen profit it predicted three months ago and higher than an average 463.6
Foreign tourist arrivals in India drop 97% in April-Dec 2020–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/foreign-tourist-arrivals-in-india-drop-97-percent-in-april-dec-2020/story/430749.html In 2019, for instance, foreign exchange earnings stood at $29.96 billion and $28.59 billion in the year before that. From January to June
‘Bad bank could help PSBs focus on growth’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bad-bank-could-help-psbs-focus-on-growth-say-experts/articleshow/80758314.cms SynopsisAccording to experts, systemic corporate stress is in the range of Rs 5-6 lakh crore, out of which Rs 4 lakh crore is
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