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Banking updates
Tuesday, April 9, 2024
Hungry for returns, investors SIP on stocks
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CBIC chief wants speedy disposal of legacy cases
According to the official data cases with tax demand of about ₹29,000 crore are stuck, some of which are over 10 years. In most of the cases demand was raised but because of missing assesses, inadequate assets and liquidation of assets recovery is not possible.
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100-day agenda: Officials from key ministries to meet on Friday
The cabinet secretary has convened a meeting on Friday with officials from key economic ministries to outline the economic agenda for the initial 100 days of the incoming government following the general election. Discussions may encompass streamlining the goods and services tax (GST) rate structure, amendments to the Insolvency and Bankruptcy Code (IBC), and immediate economic challenges.
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Monday, April 8, 2024
Hyundai, Kia rope in Exide for EV battery
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Tata co launches India’s 1st privately-built sub-metre resolution surveillance satellite
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Did Elon Musk just confirm Tesla’s entry into India’s electric vehicle market?
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India uses peace clause fifth time, for rice subsidies given in 2022
India invoked the peace clause for exceeding the 10% support ceiling for rice farmers, breaching WTO subsidy ceilings with $52.8B rice production and $6.39B subsidies, surpassing the 10% de minimis limit.
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Sunday, April 7, 2024
Climate change can stoke inflation, stunt growth: RBI
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Labour codes may top new govt’s 100-day plan
Social security for informal sector workers, shift toward living wages likely to be part of near-term agenda. Insiders reveal that the upcoming government, led by the Bharatiya Janata Party (BJP), may prioritize the swift implementation of streamlined labor codes within its first 100 days post-election. A senior government official disclosed that the objective is to introduce these labor codes at the onset of the next fiscal year, commencing April 1, 2025, to align with the business cycle
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