👍👍👍👍👍ONDC to open its platform for fintech services like credit, insurance

https://www.business-standard.com/companies/news/open-network-for-digital-commerce-to-open-its-platform-for-fintech-services-123092701138_1.html lipped from: https://www.business-standard.com/companies/news/open-network-for-digital-commerce-to-open-its-platform-for-fintech-services-123092701138_1.html In insurance, ONDC is starting off with three products – health insurance, marine insurance and motor insurance Illustration: Binay Sinha Listen to

ENA used for distilling alcoholic liquor for human consumption outside GST to give cost comfort to industry – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/ena-used-for-distilling-alcoholic-liquor-for-human-consumption-outside-gst-to-give-cost-comfort-to-industry/article67395856.ece Clipped from: https://www.thehindubusinessline.com/economy/ena-used-for-distilling-alcoholic-liquor-for-human-consumption-outside-gst-to-give-cost-comfort-to-industry/article67395856.ece GST Council recommended keeping ENA used for the manufacture of alcoholic liquor for human consumption outside GST Alcoholic beverage companies may get

Remittances received in Vostro account to qualify as export of services, ending disputes on GST refunds – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/remittances-received-in-vostro-account-to-qualify-as-export-of-services-ending-disputes-on-gst-refunds/article67395600.ece Clipped from: https://www.thehindubusinessline.com/economy/remittances-received-in-vostro-account-to-qualify-as-export-of-services-ending-disputes-on-gst-refunds/article67395600.ece When an Indian importer wants to make a payment to a foreign trader in rupees, the amount will be credited to this

GST impact– Personal guarantee offered by directors –Courtesy Business Standard

https://www.business-standard.com/economy/news/personal-guarantee-to-attract-18-gst-in-exceptional-considerations-123100800732_1.html Clipped from: https://www.business-standard.com/economy/news/personal-guarantee-to-attract-18-gst-in-exceptional-considerations-123100800732_1.html Centre to issue circular soon outlining scenarios, which could trigger tax liability Listen to This Article The personal guarantee offered by directors

👍👍👍👍👍Non-filing of GSTR-3B over an extended period can lead to GST registration cancellation

https://taxguru.in/goods-and-service-tax/non-filing-gstr-3b-extended-period-lead-cancellation-gst-registration.html Clipped from: https://taxguru.in/goods-and-service-tax/non-filing-gstr-3b-extended-period-lead-cancellation-gst-registration.html Sanscorp India Private Ltd. Vs Assistant Commissioner (Kerala High Court) The Kerala High Court recently issued a significant ruling in M/s Sanscorp India Pvt

👍👍👍👍👍RBI wants lenders to classify wilful defaulters within six months of an account turning NPA – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/rbi-wants-lenders-to-classify-wilful-defaulters-within-six-months-of-an-account-turning-npa/article67331329.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-wants-lenders-to-classify-wilful-defaulters-within-six-months-of-an-account-turning-npa/article67331329.ece Expands scope of regulated entities, broadens definition, refines identification process The Reserve Bank of India has issued a draft paper proposing revisions in the

👍👍👍👍👍Inflation, global risks call for monetary vigil – The Hindu BusinessLine

https://www.thehindubusinessline.com/opinion/editorial/rbi-flags-inflation-global-risks/article67389549.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-flags-inflation-global-risks/article67389549.ece RBI has renewed its focus on taming inflation As expected, the Monetary Policy Committee of the Reserve Bank of India has maintained

I👍👍👍👍👍ndia’s path to 4% inflation: RBI’s cautionary tone signals prolonged rate stability – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/business-as-usual-but-more-cautiously/article67388753.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/business-as-usual-but-more-cautiously/article67388753.ece While the stock market has cheered the pause on repo rates, it’s missing the shades of caution repeatedly emphasised by RBI Ever

👍👍👍👍👍Monetary policy review: We use one stone to kill one bird, says RBI

https://www.business-standard.com/economy/news/monetary-policy-review-we-use-one-stone-to-kill-one-bird-says-rbi-123100601168_1.html Clipped from: https://www.business-standard.com/economy/news/monetary-policy-review-we-use-one-stone-to-kill-one-bird-says-rbi-123100601168_1.html There are several moving parts in the whole liquidity scenario. We will watch the evolving trends and notify as and when necessary:

RBI🙏🙏🙏🙏🙏 Governor denies there is liquidity crunch what with liquidity injected on account of withdrawal of 2000 rupee notes [ 3.43 trillion ] –Secondly the GST payments and advance tax payments did affect liquidity but it is only temporary and thirdly bond prices going up in advanced economies like USA does not affect us much as we have more than enough forex to take care of flight of capital as also to maintain currency stability–Courtesy Business Standard 7.10.23

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