BUSINESS
CBDT issues circular on TDS on salaries for current fiscal
The circular said that the tax should be deducted at the average rate calculated, based on the rates in force for the current financial year, on the estimated salary income of the recipient for that year. The circular was issued last week by CBDT.
Russia offers to help India overcome crude price cap: Reports
"In order not to depend on the ban on insurance services and tanker chartering in the European Union and Britain, Deputy Prime Minister of Russia Alexander Novak has offered India cooperation on leasing and building large-capacity ships," reports quoting the Russian embassy in New Delhi said. Novak met Indian Ambassador to Moscow Pavan Kapoor on Friday, as per the statement.
Rs 10 lakh penalty imposed on Glaxo Smith Kline for misleading ad, Parl panel told
These are among the five cases where the CCPA has imposed penalties on entities for issuing misleading advertisements with false claims and adopting unfair means to misguide consumers. Apart from this, the authority has till date issued 85 notices against misleading advertisements and unfair trade practices, out of which 38 cases were related to misleading advertisements.
Give your spouse a seat at the Board: Ashneer Grover to startup founders
Claiming that his book has created panic among BharatPe executives and this is the reason the fintech company had slapped several cases against him and his wife Madhuri Jain Grover, Ashneer said that "just because your business has capital coming in from the US, you do not have to go by their concept of management - of not involving family in business".
First G20 meeting of finance & central bank deputies on Dec 13 in Bengaluru
This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 presidency, will be hosted jointly by the finance ministry and the RBI. The meeting will be co-chaired by economic affairs secretary Ajay Seth and RBI deputy governor Michael Patra.
2023 smartphone shipments to remain flat amid global slowdown
According to Counterpoint Research, the global smartphone market will see 2 per cent (year-on-year) growth in 2023. Smartphone shipments for 2022 lowered to 1.24 billion units on economic headwinds from the previous forecast.
Markets looking for final burst before year end
This brings us close to the level where the rally must commence again in the next couple of days. If that does not happen, there could be another sharp round of selling which would emerge. This could probably put an end to the expected Santa Claus rally that one is used to seeing in Indian markets. BSESENSEX lost 686.83 points or 1.09 per cent to close at 62,181.67 points while NIFTY lost 199.50 points or 1.07 per cent to close at 18,496.60 points.
Wheat's average wholesale prices records nearly 23% rise over last year
The ministry in a recent parliament reply said that wheat production has declined marginally from 109.59 million tonnes in 2020-21 to 106.84 million tonnes in 2021-22 (4th advance estimates at all India level) and the all India yields of wheat declined in 2021-22 to 3,507 kg/hectare from 3,521 kg/hectare in 2020-21 due to severe heat wave during March and April, 2022 in major wheat growing states like Madhya Pradesh, Bihar, Uttar Pradesh, Haryana, and Rajasthan.
Airports nearly doubled since 2014, more Greenfield airports in pipeline
Prime Minister Narendra Modi will inaugurate the Mopa International Airport, Goa on Sunday for which the foundation stone of the airport was laid in November 2016. Developed at a cost of around Rs 2,870 crore, the airport has been built on the theme of sustainable infrastructure.
BharatPe filed cases because my book 'Doglapan' created panic: Ashneer Grover
Reacting to a follower on Twitter who asked for a free copy, Grover said: "Na bhai - business is business -- kitaab pehle aa gayi thi -- yeh case shase to isliye aaye kyun ki kitaab se sab ki fat li (My book came first and this triggered the cases against him as it created panic for all (at BharatPe)". He, however, did not mention BharatPe directly as to avoid the Delhi High Court's wrath where the hearing is currently on and the next date is in January.
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