Clipped from: https://www.thehindubusinessline.com/markets/forex/rbi-should-make-conscious-effort-to-internationalise-rupee-sbi-report/article65610549.ece ‘Internationalisation’ of a currency is an expression of its external credibility as the economy integrates globally The Reserve Bank of India (RBI) should
*****CBIC comes out with clearer framework to curb fake invoices – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cbic-comes-out-with-clearer-framework-to-curb-fake-invoices/article65612098.ece The Central Board of Indirect Taxes & Custom (CBIC) has come out with a mechanism for clearer framework to curb fake invoices. This
*******Dollar deals – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbi-measures-on-capital-flows-is-a-signal-to-speculators-but-they-may-not-increase-flows-materially/article65611530.ece RBI measures on capital flows is a signal to speculators, but they may not increase flows materially The gathering strength of the US
*******Pre-packaged, pre-labelled food items to attract same rate of GST as branded, says CBIC Chief Johri – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/pre-packaged-pre-labelled-food-items-to-attract-same-rate-of-gst-as-branded-says-cbic-chief-johri/article65612458.ece New rates come into effect from July 18 Pre packaged and pre-labelled retail food items will attract GST rate at par with the
*Rupee, bonds, equity market bounce back – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/rupee-bonds-equity-market-bounce-back/article65612824.ece Steps taken by RBI, dip in crude oil prices aid the momentum The host of measures announced by the Reserve Bank of India
*****CBIC notifies procedural changes to GST rules easing the compliance burden on small players – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/cbic-notifies-procedural-changes-to-gst-rules-easing-the-compliance-burden-on-small-players/article65609554.ece With the amendments, businesses have been allowed to make tax payments on the GSTN portal by using IMPS and UPI The government has
*****RBI steps in with measures to boost forex flows, stem Re slump – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/rbi-steps-in-with-measures-to-boost-forex-flows-stem-re-slump/article65609536.ece In the backdrop of global uncertainties and the continuing weakness of the rupee against the US dollar, the Reserve Bank of India on
Mistakes make a Meesho: What founder Vidit Aatrey learned from failed ideas | Business Standard News
Clipped from: https://www.business-standard.com/article/specials/mistakes-make-a-meesho-what-founder-vidit-aatrey-learned-from-failed-ideas-122070700691_1.html Meesho discovered its successful business model the hard way Although Vidit Aatrey (right) and Sanjeev Barnwal started in 2015, it was a while
*Rupee gains but market unsure of inflows amid global rush to US dollar | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/rupee-gains-but-market-unsure-of-inflows-amid-global-rush-to-us-dollar-122070700960_1.html The rupee settled at 79.18 per US dollar as against 79.30 per US dollar on Wednesday Photo: Brent Lewin/Bloomberg The rupee gained against the US
*******Navigating India’s soft landing | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/navigating-india-s-soft-landing-122070701234_1.html Unless the geopolitical situation worsens considerably, chances of a soft landing are higher in India than in the US The inflation rate needs to fall.
*******Fiscal consolidation today | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fiscal-consolidation-today-122070701289_1.html Mercifully, India has been spared the problems that foreign currency sovereign debt would have posed Fiscal consolidation (FC) in a recession is contextually very
*****Defending the rupee | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/defending-the-rupee-122070701292_1.html Market adjustment should not be delayed for long The Reserve Bank of India (RBI) on Wednesday announced measures aimed at boosting foreign exchange inflows to
After wheat, India now curbs the export of wheat flour and related products | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/after-wheat-india-now-curbs-the-export-of-wheat-flour-and-related-products-122070700135_1.html The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any
Windfall tax, new export, import duties may fetch exchequer over Rs 1 trn | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/money-for-something-how-much-will-new-taxes-add-to-govt-coffers-122070701143_1.html Likely to boost elbow room for additional govt capital expenditure; experts see net estimated gains of 0.2-0.3% of GDP on fiscal revenues The
*FM Sitharaman asks PSBs to join account aggregator system by July-end | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/onboard-account-aggregator-system-by-july-end-fm-sitharaman-to-psbs-122070701169_1.html Account aggregator ecosystem helps banks leverage digital data of customers, with their consent, to provide better service Union Finance Minister Nirmala Sitharaman Finance
*ICICI Securities falls 1% as CLSA downgrades rating, earnings view | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/icici-securities-falls-1-as-clsa-downgrades-rating-earnings-view-122070601088_1.html Shares of the largest listed brokerage have nearly halved this year Sharp spikes in market volatility and changing regulatory landscape have led to
‘Long-term capital gains tax relief will be a game-changer for the markets’ | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/long-term-capital-gains-tax-relief-will-be-a-game-changer-for-the-markets-122070600300_1.html Retail investors in India are by default optimistic. They are strong believers in the long-term story of India, and rightly so, says Sandeep
*******IMF Chief Kristalina says cannot rule out possible global recession | Business Standard News
Clipped from: https://www.business-standard.com/article/international/imf-chief-kristalina-says-cannot-rule-out-possible-global-recession-122070700006_1.html The IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly a
*****RBI’s innovative approach to control the fall in rupee is commendable | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-s-innovative-approach-to-control-the-fall-in-rupee-is-commendable-122070601027_1.html The efficacy of the central bank’s steps will be seen in the coming days Madan Sabnavis is Chief economist, Bank of Baroda. The
*Wall Street says a recession is coming. Consumers say it’s already here | Business Standard News
Clipped from: https://www.business-standard.com/article/international/wall-street-says-a-recession-is-coming-consumers-say-it-s-already-here-122070600778_1.html Layered on top of the inflation squeeze are the mounting concerns about the outlook for economic growth, not just this year, but into
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