Businesses may be allowed to log in to the national single window system for obtaining various clearances and approvals from both the central and state government departments by using only the Permanent Account Number (PAN) as a unique identifier. Currently, over a dozen different business IDs like EPFO, ESIC, GSTN, TIN, TAN and PAN are …
The Supreme Court on Monday said that the trial court can summon new accused for trial under the Code of Criminal Procedure (CrPC). However, the order summoning the accused has to be issued before the persons convicted in the cases are sentenced. A five-judge constitution bench headed by Justice S.A. Nazeer ruled on the issue …
Reserve Bank of India (RBI) announced a 35-basis point (bps) hike in the repo rate to 6.25 per cent on Wednesday. This is the fifth consecutive hike by the central bank and is likely to affect those who have taken home loans as their EMIs are all set to rise. The Repo rate is the …
News Alert | RBI Rate Hike Pay more for your dream home Read More »
The Government has implemented various schemes for the welfare and upliftment of every strata, including minorities, specially the economically weaker and lesser privileged sections of the society, through various schemes of the Ministry of Education, Ministry of Skill Development and Entrepreneurship, Ministry of Textiles, Ministry of Culture and Ministry of Women and Child Development. Ministry …
Schemes for Educational and Economic Empowerment of Minorities Read More »
ICAI is organizing the prestigious 16th ICAI Awards for Members in Industry & Business on 10th January 2023 at Kolkata.Nominations are invited for the Awards before last date – i.e. 10th December 2022 at nominationforms.icai.org Nominations for ICAI awards are open. Please apply before the last date 10th December, 2022Brochure – 16th ICAI Awards About …
ICAI is organizing the prestigious 16th ICAI Awards for Members in Industry & Business Read More »
The trading hours for various markets regulated by the Reserve Bank were amended with effect from April 7, 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19. Restoration of market hours in a phased manner was commenced with effect from November 09, 2020 with the easing of pandemic-related …
Chainlink Staking v0.1 is Now Live on Ethereum Mainnet Chainlink announced via a blog post on Tuesday that the Early Access for Chainlink Staking v0.1 is now live on Ethereum mainnet. Chainlink added that this initial implementation enables community members who meet at least one of the criteria on the Early Access Eligibility List to …
Chainlink Staking v0.1 is Now Live on Ethereum Mainnet Read More »
As the economy has been resilient after the pandemic and returning to a growth trajectory, tax experts are expecting some changes in Income Tax slab rates in Union Budget 2023, especially for those in the higher tax slabs. Deloitte is expecting tax relief for individuals in higher tax slabs. “Per the current income tax provisions, …
Revised Income Tax Slab Rates and changes in Budget 2023- Expectations Read More »
Sensex falls 215 points, Nifty below 18,600 amid volatility after RBI rate hike The Indian equity market continued to remain under pressure for the fourth straight session on December 7 after the Reserve bank of india raised the interest rate for the fifth consecutive time in this calendar year, continuing its fight against inflation. At …
Sensex falls 215 points, Nifty below 18,600 amid volatility after RBI rate hike Read More »
December has started, the new financial year 2022-23 (FY 2022-23) will start from 1 April. On February 1, the budget for the new financial year will be presented in the Parliament on behalf of the Finance Minister. But among all this, the thing that has worked for you the most is that if you are …
If you have missed the July 31 deadline to file your income tax return, then make sure you file it by December 31, unless you want to get served with a notice from the income tax department If someone has not filed his/her original return within the prescribed deadline (July 31, 2022) then he/she cannot …
Facility to initiate Drop Proceeding for suspension of Registration at the GST portal and revoke the suspension of Registration. Let’s understand this enhancement: Log on to GST portal > Services > User Services > View Notices and Orders > Click on ‘Initiate Drop Proceeding’
Revenue for the quarter grew by 32 percent to Rs 577 crore compared to year-ago period Shares of ethnic snacks major Bikaji Food opened 4 percent higher on December 7 on the back of strong September quarter results. The company has reported 43.5 percent on-year growth in net profit to Rs 40.92 crore. In the …
Bikaji Foods trades 4% higher on 43.5% rise in September quarter net profit Read More »
BSE Capital Goods index rose 1 percent supported by Siemens, AIA Engineering, Timken India S&P BSE CAPITAL GOODS Stock Market Today: HIGHLIGHTS 09:54 AM IST BSE Capital Goods index rises 1 percent supported by Siemens, AIA Engineering, Timken India 09:51 AM IST Macquarie keeps Outperform rating on Siemens; target at Rs 3,120 per share …
Statement by Shri Shaktikanta Das, RBI Governor – December 07, 2022
Sensex falls! These stocks fell 5% or more in Tuesday’s session NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 208.24 points down at 62626.36 amid brisk selling in frontline blue-chip counters. On the BSE, Space Inoculatrices(down 19.92 per cent), Inductor …
Sensex falls! These stocks fell 5% or more in Tuesday’s session Read More »
Sensex falls! These stocks fell 5% or more in Tuesday’s session NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 208.24 points down at 62626.36 amid brisk selling in frontline blue-chip counters. On the BSE, Space Inoculatrices(down 19.92 per cent), Inductor …
Sensex falls! These stocks fell 5% or more in Tuesday’s session Read More »
Share Market LIVE: Sensex falls 300 pts, Nifty below 18600, Bank Nifty in red; Infosys, ICICI Bank lead losses Share Market Today | Sensex, Nifty, Share Prices LIVE: Indian benchmark opened in red, down half a per cent amid weak global cues. While BSE Sensex fell around 300 pts to 62,501.63, NSE Nifty 50 was …
There are a host of corporate actions and board meetings scheduled for Tuesday. A board meeting of Star Housing Finance is to be held to consider and fix the record date to determine the members eligible for the allotment of sub-division of existing equity shares and bonus equity shares of the company.Also, a board meeting of Max …
Central Government has amended Section 37 & Section 39 of Central Goods & Service Tax Act (CGST), 2017 vide Notification dated 28th September 2022 with effect from 01 October, 2022. According to section 37(4) of CGST, Act, a taxpayer shall not be allowed to file GSTR-1 if previous GSTR-1 is not filed and as per …
Big Update for Taxpayers: GSTR-1 Late Fees Notice started Read More »
UPI clocks 19.65 billion transactions at Rs 32.5 trillion in Q3 2022: Worldline’s India Digital Payments Report UPI Person-to-Merchant (P2M) and Person-to-Person (P2P) emerged as the most chosen payment method among consumers, accounting for 42 percent of total transaction volume, said Worldline India’s ‘India Digital Payments Report’ for Q3 2022 on December 5. Conversely, in …
The last day to file Income Tax Return (ITR) for FY2021-22 was July 31, 2022. However, if you have missed this deadline, you can still file your ITR. Income tax returns filed now will be called belated ITR. If you are filing your ITR now (Belated ITR), you will have to pay late filing fee. …
The Directorate of Revenue Intelligence (DRI), the apex anti-smuggling intelligence and investigation agency functioning under the aegis of the Central Board of Indirect Taxes and Customs (CBIC), celebrated its 65th Foundation Day at New Delhi. The celebration commenced with Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman inaugurating the function here today, in the …
The 1st Sherpa Meeting of India’s G20 Presidency, scheduled from 4 to 7 December 2022, welcomed international Sherpas, their delegations, and heads of invited International Organisations (IOs) to Udaipur yesterday. The first day of the meeting saw various activities, interactions, and events including an informal media interaction, a side event on ‘Sustainable Development Goals: Transforming …
Discussions on India’s G20 Meeting of India’s G20 Presidency in Udaipur, Rajasthan Read More »
Attention, GST Taxpayers, whose Aggregate Annual Turnover for the F.Y. 2021-22 is more than ₹5 Crore! Attention, GST Taxpayers, whose Aggregate Annual Turnover for F.Y. 2021-22 is between ₹2 Crore to ₹5 Crore!
Union Finance Minister Smt. Nirmala Sitharaman inaugurates DRI’s 65th Founding Day Celebrations Smuggling in India Report 2021-22 released FM exhorted DRI officials to catch main handlers and perpetrators/financer in NDPS cases and bring them to their logical conclusion MoS Finance emphasises on no-tolerance policy in the NDPS cases Ms. Mishal Queenie D’Costa from Mumbai Zonal …
MoS Finance emphasises on no-tolerance policy in the NDPS cases Read More »
High interest rates and inflation are hurting the global property boom but India remains a bright spot. Despite a rise in mortgage rates and property prices, housing demand remains steady in India, according to foreign brokerage firm CLSA’s channel checks. “Most developers and property brokers indicated footfalls and conversion remain steady despite a 150 basis …
As inflation eased to below the 7% mark in October, expectations of a much smaller size rate hike most likably a 35 basis points hike in RBI’s December monetary policy has taken rounds. However, there is a case where a 50 basis points hike for the fourth policy in a row cannot be ruled out. …
RBI meet: Will the Central Bank go for a moderate rate hike? Here’s what to expect Read More »
