Clipped from: https://www.thehindubusinessline.com/opinion/irdais-nudge-to-the-insurance-sector/article66263644.ece The regulator’s measures will help the industry grow As interest rates harden across the globe, there is at least one financial sector gleeful
Condition of Proving ‘Source of Source of Funds’ under 68 not applicable to Non-Residents: ITAT deletes Income Addition*
Clipped from: https://www.taxscan.in/condition-of-proving-source-of-source-of-funds-under-68-not-applicable-to-non-residents-itat-deletes-income-tax-addition/233842/ By Yogitha S. Yogesh – On December 14, 2022 5:40 pm The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the condition of proving “source of
Hedging exports when premiums are falling | The Financial Express***
Clipped from: https://www.financialexpress.com/opinion/hedging-exports-when-premiums-are-falling/2909225/ With volatility up and premiums down (and sliding), the intuitive response is to shorten the hedging tenor—indeed, some exporters may stop hedging completely,
NITI Aayog launches revamped Women Entrepreneurship Portal to onboard 2.5 lakh women entrepreneurs | The Financial Express*****
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-niti-aayog-launches-revamped-women-entrepreneurship-portal-to-onboard-2-5-lakh-women-entrepreneurs/2911927/ Technology for MSMEs: WEP was conceived in 2017 to boost the ecosystem for women entrepreneurship in India by aggregating key stakeholders and resolving
Rupifi announces loan disbursement worth Rs 2,000 crore in the last two years | The Financial Express*
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-rupifi-announces-loan-disbursement-worth-rs-2000-crore-in-the-last-two-years/2911981/ Credit and Finance for MSMEs: The B2B payments company Rupifi announced growth at 407.7 per cent over last year on account of the
45% jump in FY22 credit to women-led MSMEs from pre-Covid level by public sector banks: RBI data | The Financial Express*
Clipped from: https://www.financialexpress.com/industry/sme/msme-tech-45-jump-in-fy22-credit-to-women-led-msmes-from-pre-covid-level-by-public-sector-banks-rbi-data/2911991/ Credit and finance for MSMEs: The amount increased from Rs 5.76 lakh crore in FY20 to Rs 7.31 lakh crore in FY21 and
IRDAI’s new notification throws open wider choices for customers, corporate agents | The Financial Express***
Clipped from: https://www.financialexpress.com/money/insurance/irdais-new-notification-throws-open-wider-choices-for-customers-corporate-agents/2911898/ The measures taken by the IRDAI would help in increasing the insurance penetration in the country, as a corporate agent may represent up
The power of ‘obliquity’ | Business Standard Column*****
Clipped from: https://www.business-standard.com/article/opinion/the-power-of-obliquity-122121301302_1.html Corporate leaders aggressively pursue shareholder wealth creation. But companies that put more emphasis on profit are, in fact, less profitable In my last
HC asks Irdai to consult insurance firms about health cover for disabled | Business Standard News*****
Clipped from: https://www.business-standard.com/article/companies/hc-directs-irdai-to-consult-insurers-to-cover-persons-with-disabilities-122121301065_1.html Court asked regulator and insurance companies to submit a status report before March 17, 2023 The Delhi High Court on Tuesday asked India’s insurance regulator to
557,000 firms struck off due to non-compliance with law provisions | Business Standard News*
Clipped from: https://www.business-standard.com/article/companies/557-000-firms-struck-off-due-to-non-compliance-with-law-provisions-122121300879_1.html Minister of State for Corporate Affairs Rao Inderjit Singh said that the term ‘shell company’ is not defined under the Act More than
CBDT exempts NR taxpayers from mandatory Form 10F e-filing for now | Business Standard News*
Clipped from: https://www.business-standard.com/article/economy-policy/cbdt-exempts-from-mandatory-10f-form-requires-to-claim-tax-treaty-122121301228_1.html The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers
Inflation Drops, But RBI’s Pests Remain – The Economic Times*
Clipped from: https://economictimes.indiatimes.com/epaper/delhicapital/2022/dec/14/et-edit/inflation-drops-but-rbis-pests-remain/articleshow/96208382.cms Synopsis Retail inflation dipped below the Reserve Bank of India’s (RBI) tolerance band in November on softening food prices. But it would be
Write Ten Good Things – The Economic Times
Clipped from: https://economictimes.indiatimes.com/epaper/delhicapital/2022/dec/14/et-edit/write-ten-good-things/articleshow/96208408.cms Synopsis One way of dealing with a negative thought process is to find a positive way to express yourself. Undesirable thoughts can sometimes
India may Get Russia Oil at Below $60 per Barrel – The Economic Times*
Clipped from: https://economictimes.indiatimes.com/epaper/delhicapital/2022/dec/14/et-front/india-may-get-russia-oil-at-below-60-per-barrel/articleshow/96208613.cms Synopsis Indian refiners may be able to source most of their Russian oil purchases at a rate lower than the West’s price cap
Tax Query: Tax audit applicability – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-tax-audit-applicability/article66175655.ece Books of account are required to be maintained where the turnover (total value of sale transactions) exceeds ₹25 lakh or if the net
Hackers distributed over 4 lakh malicious files in 2022: Kaspersky report – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/info-tech/hackers-distributed-over-4-lakh-malicious-files-in-2022-kaspersky-report/article66254738.ece Kaspersky Security Bulletin found that Windows continued to be the prime target of attacks among all platforms The number of malicious files distributed
Competition Bill: House Panel recommends radical changes – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/economy/competition-bill-house-panel-recommends-radical-changes/article66257812.ece Among the recommendations are that cartels be brought within the settlements ambit, and that CCI undertakes an effects-based test while determining abuse of
Tax super-profits to win the inflation battle, and defend human rights – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/opinion/tax-super-profits-to-win-the-inflation-battle-and-defend-human-rights/article66258119.ece Pandemics, wars, and recessions do not exempt states from meeting their human rights commitments. They must tax multinationals and the richest more to
Over 5 years, banks recovered just 13% of ₹10-lakh-cr loan write-off: Finmin data – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-recoup-13-of-10-lakh-cr-loan-write-off-finmin-data/article66258082.ece Banks continue to pursue recovery in written-off accounts, says FM Nirmala Sitharaman File image | Photo Credit: Topp_Yimgrimm Scheduled commercial banks have recovered
Should diabetics completely stop eating potatoes? | The Times of India*
lipped from: https://timesofindia.indiatimes.com/life-style/health-fitness/health-news/should-diabetics-completely-stop-eating-potatoes/photostory/96188763.cms 01/7Intake of vegetable/ potatoes has a role in diabetic cases: Danish study A recent study by Danish researchers on the relationship between intake
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