MSMEs: Unpaid dues: How state governments could effectively aid MSME through invoice discounting – The Economic Times

Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/unpaid-dues-how-state-governments-could-effectively-aid-msme-through-invoice-discounting/articleshow/92272443.cms Synopsis Small ticket sizes, lack of credit history, and insufficient collateral to raise funds from the traditional banking system are the primary issues

US recession not ‘inevitable,’ Treasury secretary says – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/international/business/us-recession-not-inevitable-treasury-secretary-says/articleshow/92320154.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis The US economy has recovered strongly from the Covid-19 damage, but soaring inflation and supply-chain snarls exacerbated by the war in Ukraine

Indian banks may join hands with Russia lenders not hit by sanctions – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-banks-may-join-hands-with-russia-lenders-not-hit-by-sanctions/articleshow/92324935.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis These Indian banks will likely open accounts at their Russian counterparts and vice versa, as decided last week in meetings held in

Inflation: Normal monsoon, interest rate cut key to bringing down inflation by year end, say economists – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/normal-monsoon-interest-rate-cut-key-to-bringing-down-inflation-by-year-end-say-economists/articleshow/92315439.cms Synopsis While retail inflation rose 7.04 per cent in May year-on-year, slightly down from 95-month high of 7.79 per cent in April, wholesale

*****Loyalty points, wallet money or online credit not to attract TDS provided not earned through business or profession – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/economy/policy/loyalty-points-wallet-money-or-online-credit-not-to-attract-tds-provided-not-earned-through-business-or-profession/article65539760.ece The new section mandates a person providing any benefit to a resident to deduct a tax at source of @10 per cent of

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