Bhanumurthy, currently Vice Chancellor of B R Ambedkar School of Economics (BASE), further said in terms of the extent of economic recovery, it could take may be one more year to even come back to pre-pandemic levels.
B G Shirke Construction Technology Pvt Ltd had approached the Authority for Advance Ruling (AAR) seeking to know whether the managerial and leadership services provided by the registered/corporate office to its group companies would be considered as 'supply of service'.
Huawei chief financial officer (CFO) Meng Wanzhou flew home to China on Friday after reaching an agreement with the United States prosecutors to end the bank fraud case against her, relieving a point of tension between the two countries.
Sectors such as manufacturing, ecommerce, logistics, construction and real estate are facing an acute labour shortage — of about 20-25%, say job consultants and CEOs of large companies. This is prompting many companies to step up local hiring.
The rise of these central bank digital currencies, or CBDCs, essentially virtual versions of currencies backed by the state, will be a major push towards hastening the demise of cash, says Eswar S Prasad, the Tolani senior professor of trade policy and professor of economics at Cornell University. It’s one of the several revolutionary changes under way that Prasad delves into lucidly in his new book, The Future of Money: How the Digital Revolution is Transforming Currencies and Finance.
Subramanian, who was replying to a query on privatisation, talked about the 'Atma Nirbhar Bharat' policy and the key reform of promoting privatisation vis-a-vis public sector entities except for some strategic sectors.
The notification states that from January 1, 2022, businesses who have defaulted in filing summary return and paying monthly GST will not be able to file GSTR-1 sales return of the succeeding month.
CBIC today asked its field officers to give three months more time for the re-export of imported containers lying at domestic ports.