BUSINESS
More upswing expected as PSUs', FMCG stocks to rule the roost
Accordingly, market observers contend that rising foreign fund inflows along with better-than-expected macro-economic figures will give a further push to the domestic market, which has already reached record levels.
NAA finds McDonald's franchisee Hardcastle guilty of profiteering
In its final order on the matter given on December 9, the NAA has held that Hardcastle Restaurants had resorted to profiteering by charging more price for some of its products even though GST on it reduced from 18 per cent of 5 per cent without input tax credit (ITC) with effect from November 15, 2017.
Gems, jewellery exports can now be couriered globally
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through the courier mode and such restrictions only apply to imports.
'Good governance key to India's economic recovery post pandemic'
No global financial crisis has ever hit humanity as hard as Covid-19. The world, therefore, was caught ill-prepared when the pandemic struck. The situation, to say the least, is worse than a war. The situation in India is no different: In terms of the number of cases reported, it is second only to the United States.
GST taxpayers to get flexibility to decide on monthly tax payment
The new Quarterly Return and Monthly Payment Scheme (QRMP) will be introduced for GST taxpayers by the Central Board of Indirect Taxes and Customs (CBIC) before the end of the year. Instead of filing 12 returns at present, this will allow only 4 GSTR-3B returns during the entire year.
Afghanistan tops World Terrorism Index: Report
According to the report released on Saturday, in 2019, deaths from terrorism fell for the fifth consecutive year, after peaking in 2014, Khaama Press reported.
Nirmala Sitharaman reviews implementation of Aatmanirbhar Bharat package with secretaries
The Rs 3 lakh crore ECLGS scheme was announced by the government early this year as part of AatmaNirbhar Bharat Package (ANBP) to provide liquidity support of medium and small sector in the time of the pandemic.
Gems, jewellery exports can now be couriered globally
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through the courier mode and such restrictions only apply to imports. This would mean that gems and jewellery exports could be done through courier services following all other regulations in place for such exports.
United States equities post weekly losses amid uncertainty over Covid-19
For the week ending on Friday, the Dow and S&P 500 lost 0.6 per cent and 1 per cent, respectively, while the Nasdaq fell 0.7 per cent. The S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly rise of 0.5 per cent.
PLI scheme to provide major impetus to manufacturing sector, says Amitabh Kant
According to Kant, the PLI scheme is a game-changer for the manufacturing sector and the 10 sectors will attract investment in large scale, boost export potential and give rise to economic space which will ensure India's integration in the global value chain.
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