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Tax officials have slowly begun clearing pending refunds to exporters of the Integrated GST (IGST). There is no GST on exports; however, exporters have to pay IGST, which is refunded. Official data...
Oct 23, 2017
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The Reserve Bank of India (RBI) has introduced stricter Know Your Customer (KYC) norms for wallet users.   The wallet users have been asked to comply with the full KYC format by the end of this...
Oct 12, 2017
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Net direct tax collections for the April-September period stand at Rs 3.86 lakh crore, which is 15.8 per cent higher than the collection of same period previous year.    "Net direct tax...
Oct 12, 2017
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India has plans to woo foreign investors to $300 billion worth of investment opportunities in energy projects over the next decade, Oil Minister Dharmendra Pradhan said on Tuesday. India, which...
Oct 11, 2017
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The IMF, in its World Economic Outlook report, has cut India’s FY18 growth forecast to 6.7%, on account of the twin impacts of demonetisation and GST. But IMF expects a revival in the economy when...
Oct 11, 2017
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The credit rating agency SMERA has welcomed the relief measures announced by the GST Council on October 6. The announcements will go a long way in providing relief to a large number of micro small...
Oct 11, 2017
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The Government of India is working on to overhaul its half-century-old direct tax laws.    The bill seeks to increase the share of direct tax collections from the lowest in a decade.   It...
Oct 10, 2017
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The Cabinet might soon approve the Road, Transport & Highway Minsitry's Rs 5lakh crore programme to construct 44 economic corridors.The project will involve constructing 24,000 km of new...
Oct 10, 2017
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Saudi Arabian Oil Co., popularly known as Saudi Aramco, is reportedly looking at mega investment in India. As India’s oil consumption is expected to grow from 4.6 million barrels per day to 10...
Oct 10, 2017
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Revenue Secretary Hasmukh Adhia has said the Government of India will clear pending GST refunds of exporters by end of next month.   As per him, the GST Council has decided to revert to the pre...
Oct 09, 2017
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Finance Minister Arun Jaitley has said that India must grow at a faster pace, adding that the public supported the reform initiatives, such as GST, despite the difficulties related to the reforms....
Oct 09, 2017
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Q: You have been providing cloud-based tax compliance solutions to companies across the globe. What are the benefits that companies using your applications can accrue?    Gautam Mukherjee:...
Oct 09, 2017
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The Reserve Bank of India (RBI) is mulling launching a financial literacy drive in 80 blocks in nine states on pilot basis. The pilot project is aimed at educating people on e-transactions, formal...
Oct 09, 2017
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The GST Council’s meeting today in Delhi will focus on revamping the GST to address the issues faced by small-scale industries, traders and exporters. The Council could consider raising the threshold...
Oct 06, 2017
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The recent dip in India's economic growth is an "aberration", which will get corrected in the months to come, said World Bank President Jim Yong Kim.   The biggest factor to slowdown was the...
Oct 06, 2017
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With an aim to hasten monetary policy transmission, a Reserve Bank of India (RBI) committee headed by Dr Janak Raj, has recommended linking bank lending rates to one of three external benchmark rates...
Oct 06, 2017
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Responding to a query on whether the government was taking important steps to revive the economy, former RBI Governor C Rangarajan said that “GST is an important step forward”. The government,...
Oct 05, 2017
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The GST refunds would be decided by the GST Council On Friday in New Delhi, said Bihar Dy CM Sushil Modi, who heads the Group of Ministers (GoM) overseeing the GST Network (GSTN).   "The GST ...
Oct 05, 2017
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Under attack for dismal economic growth, Prime Minister Narendra Modi assured people that the situation would improve soon.    While addressing company secretaries at the inauguration of the...
Oct 05, 2017
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The six-member monetary policy committee (MPC) has kept repo rate unchanged at 6 per cent.   At its previous meeting in August, the RBI had lowered the repo rate by 25 basis points to a seven-...
Oct 04, 2017
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According to Seqrite Cyber Intelligence Labs, around 6,000 Indian government and private organisations have been affected by a cyber security breach. Seqrite Cyber Intelligence Labs, and its partner...
Oct 04, 2017
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The Government of India says decline in growth is a short term phenomena, which will not last for long.   It expects the economy to pick pace in the second quarter of 2017-18, as the issues...
Oct 04, 2017
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The Monetary Policy Committee started its two-day deliberations on Tuesday amid the industry and the government expecting interest rate cut to spur growth, as per a PTI report. Notably, the fourth...
Oct 04, 2017
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The three-day India Economic Summit starting today in Delhi will witness the participation of Indian policymakers, business leaders and the who’s who of the film industry.   More than 650...
Oct 04, 2017
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Organizations have always needed leaders who are good at recognizing emerging challenges and inspiring organizational responses. That need is intensifying today as leaders confront, among other...
Oct 03, 2017
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IN DECEMBER 2016, Jeff Boss, contributed a trend piece for Forbes magazine in which he outlined seven megatrends in leadership for 2017. So, how have some of those been panning out? I can say from my...
Oct 03, 2017
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Small and medium-sized firms with poor financials are in a “vulnerable situation”, according to a RBI report. These firms stand in need of funding sources in order to arrest the next wave of non-...
Oct 03, 2017
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The Government of India will work to mitigate the pains arising out of GST implementation, said Revenue Secretary Hasmukh Adhia in an interview with ET.    As per him, there is scope for...
Oct 03, 2017
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The Centre will soon make some important announcements to boost medium and small scale industries, exports and the textile sector. If government insiders are to be believed, a September 27 Cabinet...
Oct 03, 2017
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There is a possibility of a further rise in retail inflation, which may stop the Reserve Bank of India (RBI) from slashing the policy repo rate in the upcoming monetary policy review, said a rating...
Sep 29, 2017
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Union Finance Minister Arun Jaitley has defended the government's economic management, demonetisation and tax reforms.   He dismissed the "so called" slowdown and told that there were robust...
Sep 29, 2017
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Consider this. In the 60s, IBM held more than two-third market share in computer. The front-runners among its competition, often called BUNCH (Burroughs, UNIVAC, NCR, Control Data Corporation (CDC),...
Sep 29, 2017
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We are an aspiring country! We are excited about our opportuni­ties. We want to grow and scale up in business and economy. Businesses in India have been investing heavily on growth under this...
Sep 29, 2017
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The Indian banking system is on the brink of facing a crisis in the form of bur­geoning gross non-per­forming assets (GNPA) which account for ~14 per cent in public sector bank assets, 4 per cent in...
Sep 29, 2017
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The Finance Ministry and the RBI have reportedly finalised the borrowing calendar for the fiscal year at its Budgeted level. It is worth mentioning here that Subhash Chandra Garg, Secretary,...
Sep 29, 2017
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The introduction of Indian Account­ing Standards (Ind AS) has brought a paradigm shift in accounting. This has brought India closer to the international standards of financial reporting; thereby,...
Sep 29, 2017
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India has been ranked as the 40th most competitive economy on the World Economic Forum's (WEF's) global competitiveness index.   It has slipped one place from last year's ranking of 39...
Sep 28, 2017
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In a welcome move, the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2017 have been noti­fied with effect from 16 August 2017...
Sep 28, 2017
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The large-scale layoffs in IT, realty and many other industries in India paint a dismal picture. What is Adecco's experience in this regard?Marco Valsecchi: We are the largest player in HR solutions...
Sep 28, 2017
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Close on the heels of raids on benami property and large cash deposits during demonetisation, tax officials have now started scrutinising firms that help create black money by providing fake invoices...
Sep 28, 2017
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As against higher than expected July collection of Rs 94,063 crore, the Goods and Services Tax dropped to Rs 90,669 crore for the August month.   “The total revenue of GST paid under different...
Sep 27, 2017
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“I HAVE MADE the same mistake few times over, and that is, reaching a place even before the host is ready. Since I am a stickler for time, I don’t realise that in India, the culture is different and...
Sep 27, 2017
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The Asian Development Bank (ADB) has lowered India’s growth forecast for the year 2017 to 7 per cent from its earlier estimate of 7.4 per cent.   In its Asian Development Outlook 2017, the...
Sep 27, 2017
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The Centre has plans to soon form a ‘regulatory review committee’ to address policy-related roadblocks and other issues coming in the way of private investment, an ET report said. Commerce and...
Sep 27, 2017
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About 74,650 new companies were established in India in the first eight months of this year, says a data by the Ministry of Corporate Affairs.   The maximum number of registrations (11,293)...
Sep 26, 2017
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It has been a harrowing time for some of us since GST rolled out. The small busi­nesses, individual profes­sionals, consultants and self employed, who by virtue of just crossing the exemption...
Sep 26, 2017
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To revive GDP growth, Prime Minister Narendra Modi has reconstituted the UPA-era Economic Advisory Council (EAC) and appointed economist and NITI Aayog member Bibek Debroy as its chairman. The move...
Sep 26, 2017
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The sharp rally in the capital market has created another 700 billionaires in the country in 2017.   According to Hurun’s list of rich people in India, the number of billionaires increased more...
Sep 26, 2017
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Foreign funds have sold stocks worth a net $2.66 billion between August 1 and the third week of September.   The pull out is highest as against other major emerging market that discloses...
Sep 25, 2017
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In a bid to improve corporate governance standards, the Ministry of Corporate Affairs has disqualified another two lakh directors, who were helming positions in the defaulting companies.  ...
Sep 25, 2017
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