to a senior professional dealing in foreign exchange laws and PMLA, the tax department has been sending notices to even those who had invested abroad
Category: News of interest
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RBI: Complete overhaul needed for RBI board to emulate Fed, BoE: Viral Acharya–Economic Times
Reserve Bank of India deputy governor Viral Acharya has put across the point that a dramatic change in the role of the central bank board — on the lines
Transfer of excess reserve may pull down credit rating of RBI: Raghuram Rajan – The Economic Times
NEW DELHI: Former RBI Governor Raghuram Rajan has cautioned that transfer of excess reserve to the government may bring down rating of the central bank. Rating downgrade
Loan interest rates: External benchmarking of loan interest rates to help new borrowers: Here’s how–Economic Times
Those signing up for the new methodology should expect quicker revisions in interest payable or changes in EMIs. Frustrated with your bank’s tendency to raise
Jobs, cash and other Indian headaches | Business Standard Column
If there is one thing that deep-thinking observers agree about the recently concluded state elections, it is that economic issues were dominant: Lack of enough
Shopclues: Online vendors’ association wants centre to enforce HC norms on ecommerce fake products–Economic Times
Following a judgement by the Delhi High Court last month on counterfeit products being sold on ShopClues, an association of online vendors has written to the government asking
Amend Aadhaar Act, Post Data Protection–Economic Times
The government reportedly wants to amend the Indian Telegraph Act and the Prevention of Money Laundering Act (PMLA) to provide legal backing for mobile numbers
Sound Advice From Indian Economists–Economic Times
When 13 Indian economists, including stars like Raghuram Rajan, Abhijit Banerjee and Karthik Muralidharan, get together and write ‘An Economic Strategy for India’, the outcome
Government tussle with RBI could undermine financial stability: S&P – The Financial Express
The report said it does not anticipate any material change in the central bank’s level of independence, especially with regards to its adoption and implementation
Food processors’ body GST relaxation on agriculture products processed at primary level – The Financial Express
The GST council meeting is scheduled on December 22. Ahead of the GST council meeting, the food processors’ association AIFPA on Monday demanded tax on
Beyond waivers | Business Standard Editorials
A group of 13 well-known economists have released a paper that contains a non-partisan strategy for India in an attempt to build a consensus around growth-promoting reform
Flawed approach | Business Standard Editorials
The Supreme Court and its judges are tying themselves in knots in ways that were entirely avoidable. Some judicial restraint is in order, with cases only being
Who is afraid to answer questions on jobs in India? | Business Standard Column
In a week from the publication of the paper titled “All you wanted to know about jobs in India — but were afraid to ask” in early
‘IGST paid on imported inputs is excluded in definition of duty drawback’ | Business Standard News
We have used some imported duty paid goods in the manufacture of export product. We have not taken input tax credit of the IGST paid on the
Multi-state GST, Input Tax Credit fraud worth Rs 2 billion detected | Business Standard News
The Central Goods and Service Tax (CGST) department has detected a fraud of Goods and Service Tax (GST) and Input Tax Credit (ITC) in the metal scrap
RBI’s insistence on PIN-based cards may needle customers from January 1 – The Hindu BusinessLine
Is your debit/credit card a chip-based one? If not, you may not be able to swipe it from the New Year. According to an RBI
Arranging pandits via portal to conduct puja? Pay GST – The Hindu BusinessLine
Services offered for facilitating puja or abhishek by a priest will attract the Goods & Services Tax (GST), according to Maharashtra’s Authority for Advance Ruling (AAR-MAHA). It also made
Remittance bonanza has shored up balance of payments – The Hindu BusinessLine
Remittances from Indian workers, especially in the Gulf, have helped to conceal the failure of liberalisation to deliver the promised export boom Once again, the
Data on printing of Rs 2000 and Rs 500 post demonetisation should be disclosed: CIC – The Hindu BusinessLine
The note printing subsidiary of the RBI has failed to explain how disclosure of data on Rs 2,000 and Rs 500 notes printed after demonetisation
‘Cutting gold import duty can mitigate illegal activities’ – The Hindu BusinessLine
Illegal activities associated with the gold business can be curbed if the government cuts import duty from the current 10 per cent to one or