Industries Jobs Market Opinion

Unemployment , Import Substitution, Non spending going to hit Indian economy more warns Raghuram Rajan

Former governor of Reserve Bank of India Raghuram Rajan on Wednesday was speaking at a webinar organised by the Centre for Financial Studies at Bhavan’s SPJIMR.   There he touched three below salient points and advised Modi Led BJP centre government   Alarming Unemployment In his speech he warns that if India does not create Read More…

Bangladesh Indian Subcontinent Industries Jobs Market World

10.3% fall of economy Reports IMF Indicates we below Bangladesh says Gandhi

The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund had said .   India if put its house properly then is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position Read More…

Companies Gadgets Market Technology

Globally A14 Bionic chipset 5G support iPhone 12 launched and Prices in India disclosed

Apple concluded its Hi-Speed event on October 13 that introduced four new iPhones and a HomePod Mini.   The iPhone 12 lineup is driven by the most powerful A14 Bionic chipset that is being touted as the most powerful chipset in the market. The phones come with OLED display, 5G support, LiDAR sensor, and many Read More…

Agriculture Market Voice

Groundnut crop failure Cooperative bank lending woes affects 30000 acres Kuruvai cultivation laments farmers

What irks Ranipet district farmers now is that they are now hard up for cash to raise Kuruvai paddy.   “When we approached Primary Agricultural Cooperative Banks (PACBs) we are told to come again and this repeated excuse resulted in loans being delayed or not being given at all,” farmers in district laments   According Read More…

Companies Indian Subcontinent Market

Insolvency and bankruptcy proceedings extended until December 24

The government has decided to extend the suspension of insolvency and bankruptcy proceedings against companies for another three months till December 24 against the defaults since March 24, a notification by the corporate affairs ministry said.   In June, in order to give a breather to companies facing stress due to the pandemic, government brought Read More…

Business Companies High Court Industries Market

GST : Two High courts given two different orders on Single issue causes havoc

Inside GST  Input tax collection higher than the output tax paid tax Single issue , two High courts given two different orders raised confusions    Contrary to a Gujarat High Court (HC) verdict, the Madras HC on Monday held Rule 89(5) inserted by the government under the CGST Act on restricting such input tax refunds Read More…

Companies Industries Market

More regulations for Indian Importers from duty concession under Free trade agreements Countries

Beginning Monday 21 September 2020 , importers need to furnish proof of 35 per cent value addition in goods from the country of origin to claim duty concession under free trade agreements (FTAs).   According to the officials, just a certificate by the exporter would not suffice. It will be the importer’s responsibility to ensure Read More…

Companies Indian Subcontinent Industries Jobs Market

Drop of direct tax by 31% and indirect tax by 11 % alarms worst fiscal deficit in cards

According to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha :   The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore During the same period of the last financial year, 2018-19, the Read More…