Page 26 - Shrimi Choudhary/workspace/business Standard Web/@shrimichoudhary

Operating CPSEs' net profit declines 34.6% to Rs 93,295 crore

The decline was mainly attributed to a sharp reduction in the profits of petroleum refiners and marketing cognate groups

Sebi examines Ant Group and Alibaba holdings in IPO-bound Paytm

To become a professionally managed company, no single entity can own more than 25 per cent in Paytm

Third Covid-19 wave unlikely to be as devastating as second: FinMin

Says 68% of the population above six years has antibodies, which would reduce the likelihood of infection

Cracking the whip: TDS defaults by state PSUs, banks come under I-T lens

Tax dept plans to conduct over 500 survey operations to ensure compliance

Finance ministry sticks to double-digit economic growth forecast

Sanyal says ministry's assessment of inflation remains on a par with RBI's

Sebi asks for ultimate beneficial owners' information in Adani firms

The custodians are directed to provide information in 15 days

IMF slashes India's economic growth forecast for FY22 to 9.5%

However, IMF sees India's GDP growing by 8.5%, 160 basis points higher than its earlier projection, in the next financial year (FY23)

Govt detects undisclosed income of Rs 20,078 crore in Panama Leak

Besides the Panama Leak, the government also detected undisclosed credits of about Rs 246 crore in Paradise Papers Leaks and Rs 11,010 crore in ICIJ cases

Amid inconsistencies, ESG rating framework not on Sebi's agenda, for now

Companies currently are inconsistent with comprehensive disclosures on ESG

Centre mulls Ordinance for past tax assessment as litigation mounts

Many assessees have challenged reassessment notices under old law

Retail inflation eases slightly to 6.26%, remains above RBI's comfort level

Retail inflation remained elevated due to soaring fuel prices and costlier items in the food basket.

Govt set to introduce 17 new Bills in Monsoon Session of Parliament

Much-anticipated crypto Bill missing from the list

FinMin estimates 670 mn vaccine doses will be given before festive season

Average vaccination rate doubled in June to 4.13 mn doses from 1.93 mn in May after the implementation of the new vaccination policy, the finance ministry said

DRI quizzes 3 senior executives of Samsung Electronics over duty evasion

Probes whether the South Korean firm misused FTA norms

Google, Facebook won't have to pay domestic tax under new IT rules

Appointment of grievance officer does not imply permanent establishment, say officials

Finance ministry begins an independent survey on faceless scheme

The survey will cover about 200,000 scrutiny cases, which will include complex cases as well

India's June services PMI at 41.2, the fastest drop in 11 months

This is expected to affect GDP growth rate during April-June quarter

CG Power case delays Aditya Birla Sun Life's IPO by at least 3 months

Sebi has put initial offer in abeyance due to pending inquiry against group firm

Tax cuts for individuals, companies needed to boost demand, say economists

While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy

Centre exempts tax on expenses incurred for Covid-19 treatment

This exemption is applicable to any amount paid by the employer, and limited to Rs 10 lakh if received from any other person, the finance ministry notified