Month: December 2022

‘However, the proprietor would though be liable to pay GST on reverse charge mechanism (RCM) basis at 18% in case such accommodation is being used for his proprietary concern’ The … Read More

Dr. Pritam Datta, a fellow at NIPFP also talked about the reasons behind lower taxation on tobacco in the last five years since the GST regime was introduced The Hindu … Read More

‘Aim is to help investors in case there is a disruption of services caused by systems beloging to trading members’ The Hindu – Economy

The government will launch a Digital India Innovation Fund that will support deep-tech startups, Minister of State for Electronics and IT Rajeev Chandrasekhar said today. The minister made these comments … Read More

‘Increase led by 33% rise in credit to non-banking finance companies, including housing finance companies and public finance institutions’ The Hindu – Economy

External Affairs Minister S Jaishankar today underlined that during its G20 presidency, India intends to take up the issue of affordability and accessibility to energy, foodgrains and fertilisers “very strongly” … Read More

India’s forex reserves dropped by $691 million to $562.808 billion as of December 23, making it the second consecutive week of decline in the purse, according to the RBI data. … Read More

Overseas financial assets of Indian residents declined by $43.9 billion during July-September 2022 due to reduction in reserves assets, even as trade credit, currency and deposits, and overseas direct investment … Read More

Five-year time deposits will now earn 7% instead of 6.7% in the current quarter The Hindu – Economy

Five-year time deposits will now earn 7% instead of 6.7% in the current quarter The Hindu – Economy