Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/covid-fallout-govt-says-67-msmes-were-temporarily-closed-in-fy21-industry-insists-blow-much-bigger/articleshow/89493562.cms Synopsis Over 50% of the respondent units witnessed a decline of over 25% in their revenues in 2020-21. During FY21, 67% of MSMEs
Tax on Crypto: Crypto tax set to complicate life for the exchanges – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/crypto-tax-set-to-complicate-life-for-the-exchanges/articleshow/89416902.cms SynopsisWhen crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax experts. This in turn would attract
ABG Shipyard, its directors booked over Rs 22,842-crore scam; biggest fraud registered by CBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-books-abg-shipyard-its-directors-over-alleged-rs-22842-crore-fraud/articleshow/89525765.cms Synopsis As many as 28 banks and financial institutions were victims of the alleged scam, as per the report. Funds given by these
Updated ITR will reduce litigation for taxpayers – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/budget-2022-updated-itr-will-reduce-litigation-for-taxpayers-322304-2022-02-11 A major dampener for the taxpayers is the requirement for the additional tax liability of filing the ‘updated return’. In the Budget speech,
Non-replenishment of ATMs due to unforeseen circumstances: RBI accepts stakeholders’ plea for penalty waiver – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-accepts-stakeholders-plea-for-waiver-of-penalty-for-non-replenishment-of-atms-due-to-unforeseen-circumstances/article65001659.ece An India Post Micro ATM for farmers in Hyderabad | Photo Credit: NAGARA GOPAL Decision will come as a relief for banks, white
Poonawalla Fincorp board reinstates Abhay Bhutada as MD – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/poonawalla-fincorp-board-reinstates-abhay-bhutada-as-md/article65002359.ece Boardroom table set for board of directors meeting | Photo Credit: mediaphotos Bhutada stepped down from the board in September 2021 following an
Wrong prescription – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-effort-to-outlaw-expenditure-incurred-on-drug-promotion-may-not-prove-effective/article65002067.ece Regulating drug promotion expenses | Photo Credit: FLOORTJE The effort to outlaw expenditure incurred on drug promotion may not prove effective This year’s
Monetary policy accepts a big risk in continuing to prioritise growth
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/monetary-policy-accepts-a-big-risk-in-continuing-to-prioritise-growth/ Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who
Appeal for change: SC’s suggestion on reducing jail time for those appealing convictions is worth serious thought
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/appeal-for-change-scs-suggestion-on-reducing-jail-time-for-those-appealing-convictions-is-worth-serious-thought/ TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues
Ignoring inflation may not be wise | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/first-edit/ignoring-inflation-may-not-be-wise-1080569.html RBI The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has maintained the status quo on interest rates and retained
A growth-focussed monetary policy–Dharmakirti Joshi writes: INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/growth-focussed-monetary-policy-rbi-budget-7766733/ Dharmakirti Joshi writes: RBI stays the course despite risks to inflation, changing global environment The RBI derives comfort from the rupee remaining resilient
RBI retains policy stance, attaching primacy to growth considerations while downplaying inflationary pressures | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/rbi-retains-policy-stance-primacy-growth-considerations-downplaying-inflationary-pressures-7766767/ While there were expectations in some quarters that this meeting would mark an explicit pivot towards policy normalisation, beginning with a hike in
The jobs crisis | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/india-employment-problem-predates-covid-7768433/ India’s employment problem predates Covid. The pandemic has deepened the faultlines The employment crisis in India predates Covid. However, several fault lines have
Taking a byte out of cyber threats – The Hindu
Clipped from: https://www.thehindu.com/opinion/lead/taking-a-byte-out-of-cyber-threats/article38414892.ece Rather than wait for the ‘Big Bang cyber attack’, nations and institutions ought to be prepared for a rash of cyber strikes Cyber
Expanding the tax base, key to IT rationalisation: Revenue Secretary – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/rationalisation-not-reduction-of-tax-levels-needed-revenue-secretary/article65001942.ece Tarun Bajaj , Revenue Secretary | Photo Credit: KAMAL NARANG 11 crore file taxes via TDS but only 7 crore file returns; this
ICAI makes ‘peer review’ mandatory to further improve audit, assurance quality – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/icai-makes-peer-review-mandatory-to-further-improve-audit-assurance-quality/article65002251.ece Nihar Jambusaria, President, Institute of Chartered Accountants of India | Photo Credit: Jaishankar P@Chennai To roll out mechanism across categories of enterprises over
Monetary policy meeting: We are not behind the curve, says RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/monetary-policy-meeting-we-are-not-behind-the-curve-says-rbi-122021100074_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 The rates – whether repo or reverse repo – present a particular stance. They are reflective of the stance adopted by the RBI,
A balanced response to inflation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-balanced-response-to-inflation-122021101812_1.html A large across-the-board increase in interest rates is a cure worse than the disease Although some supply shortages were anticipated as the global
FPIs rush to iron out operational chinks as T+1 deadline looms | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/fpis-rush-to-iron-out-operational-chinks-as-t-1-deadline-looms-122021100839_1.html The investors, through their custodian banks, have reached out to clearing corporations to push the deadline for equity trade confirmations to 9 a.m.
Calculated risk on inflation: Given recovery needs to be sustainable & broad-based, RBI justified in postponing rate hikes – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/calculated-risk-on-inflation-given-recovery-needs-to-be-sustainable-broad-based-rbi-justified-in-postponing-rate-hikes/2430761/ Some would argue RBI has little choice but to humour the bond markets. But there is the not so small matter of credibility
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