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The unrelenting, steadily rising prices of transport fuel in India – in some states, as much as Rs 15 over the past month – have resulted in unprecedented inflation in the country, pushing the price of daily commodities to sky-high levels. The cost inflation index for the financial year 2021-22 was 317. In February 2022, […]
At times a person is faced with a situation where he or she is in need of finance for a short time, be it fees for the children or unexpected medical emergency or a forgotten electricity bill. It may happen that your regular salary or revenue is still a few weeks or months away and […]
With less than three months to go before the nationwide ban on single-use plastic straws comes into effect, beverage makers are scrambling to come up with alternatives. The plastic straw pierced into Tetra Pak cartons has become one of the most common modes of consuming cold beverages in India and the ban will majorly impact […]
RBI and the Indian government have always been belligerent towards each other. However, this is the first time a senior government official has accused Rajan, the former governor of the Reserve Bank of India, of favoring developed nations by keeping interest rates low. The government has sought an investigation into the RBI’s true motivations for […]
As the new financial year ushers in on April 1, all eyes are looking for the effects the budget provisions shall have on their personal or business finance. This year is no different. Checking the budget for 2022, let us try to point out the important rules which shall affect our lives in the financial […]
On Friday, Reliance Group Chairman Anil Ambani resigned as director of Reliance Power and Reliance Infrastructure after SEBI (Securities and Exchange Board of India) restrained him from being associated with any listed company. In their BSE filing, Reliance Power said that “Anil D Ambani, non-executive director, steps down from the board of Reliance Power in […]
The Department of Revenue might ask the banks and crypto exchanges in reference to reporting the transactions that are made through virtual digital assets as the government is about to begin taxing gains through the cryptocurrencies and non-fungible tokens from the First of April. Once this is applied the sale and purchase that has been […]
The Indian Government is working on categorizing cryptocurrency under the Goods and Services Tax (GST) law so that the tax can be charged on the entire value of transactions. Currently, 18% GST is charged only on services provided by crypto exchanges. GST officers believe that cryptos are similar to gambling and lottery, which currently have […]
India’s Adani Group is exploring potential partnerships in Saudi Arabia, including the possibility of buying a stake in the world’s largest oil exporter Saudi Aramco. The group, led by chairman and founder Gautam Adani, has held initial talks on potential joint investment opportunities and cooperation with Saudi Aramco and the country’s Public Investment Fund (PIF), […]
Whoever said that pizza makes for a simple meal, think again. As per the Haryana Appellate Authority for Advance Ruling (AAAR), “a pizza topping is not a pizza and hence should be classified differently and levied a higher 18 percent goods and services tax (GST).” Classification of products has been a complex issue under GST. […]
A statement released by Reliance Industries on Monday read, “Reliance New Energy Ltd., a wholly-owned subsidiary of Reliance Industries Ltd., said it had signed definitive agreements to acquire the assets of Lithium Werks BV for a total transaction value of $61 million, including funding for future growth substantially.” Lithium Werks BV was founded in 2017 […]
India’s retail inflation rose to 6.7% in February mainly due to an uptick in food prices, according to data released today by the Ministry of Statistics & Programme Implementation (MoSPI) The retail inflation is mastered by the Consumer Price Index (CPI). The rise in the CPI-based retail inflation was backed by the rise in the […]
The GST Council is likely to push for raising the lowest tax slab to 8 per cent from 5 per cent currently keeping the revenue for the states in mind and reducing their dependence on the Centre for compensation. A panel of state finance ministers is about to submit its report by this month in […]
Reliance Industries Limited’s subsidiary Reliance Strategic Business Ventures Limited and US-based manufacturing firm Sanmina Corporation have entered an agreement to create a manufacturing joint-venture to make electronics in the country. In a press statement Thursday, RIL said the move backs the government’s “Make in India” initiative. Trade analysts are optimistic that the move will create […]
The boardroom battle that has played out over the last two months in one BharatPe has been anything but friendly with allegations and counter-allegations. Even though the results of an internal investigation against co-founder Ashneer Grover and his wife, Madhuri Jain Grover, are still awaited, Grover has resigned from one of the company’s directors and […]
Every war has consequences, and the Russia-Ukraine crisis will be no different for India as it will have a substantial economic impact on the country. India will be impacted as countries in conflict-Russia, and Ukraine accounts for 90 percent of India’s sunflower oil imports. As the conflict between two adversaries is in no way cooling […]
The government has no intention to limit the usage of blockchain technologies for other than those related to payments and the emergence of crypto assets, a Finance Ministry official stated, allaying industry players’ fears stemming from the Center’s ambiguous stance on the legitimacy of crypto assets. Finance Secretary T.V. Somanathan stated at post-budget interaction “I […]
IDFC FIRST Bank MD and CEO V Vaidyanathan is in news for one of the most inspiring philanthropic acts as he gifted shares worth Rs 3.95 crore to his support staff. Vaidyanathan has gifted his 9 lakh shares of the bank to help a total of five people including his driver, house help, trainer to […]
After engaging and full of information, day one of the Brand Fest second season, day two saw the industry veterans continuing their knowledge sharing sessions on Sunday. The day two of the second season of the fest saw three main speakers- Marching Ants Advertising Pvt. Ltd.’s Rajeev Chudasma, Voot’ s Business Head and SVP- Chanpreet Arora […]
After the first successful brand fest, Brand Klub organized a second season, which kickstarted on Saturday with engaging and full of information sessions by industry veterans. The second season of the fest was held virtually with three main speakers- Former Executive Director of Tata Sons & Vice Chairman of the Board of HUL, R.Gopalakrishnan, Vice […]
