Taxation(India) 136 countries, including India, have agreed to modify global tax laws to ensure that multinationals pay taxes at a least of 15% wherever they operate as part of a significant reform of the worldwide tax system. According to the Organization for Economic Cooperation and Development (OECD) implementation plan announced late Friday, the accord compelsContinue reading “India may have to abandon its equalisation levy, If a global minimum tax agreement is reached.”
Tag Archives: India
The World’s Top 100 Most Valuable Brands in 2021
Business(brands)
Pratik Vitthal Mohite earns Guinness World Record for shortest competitive bodybuilder
Sports(Guinness record-body building) Pratik Mohite, a Maharashtra native, is the world’s shortest competitive bodybuilder. Pratik was born with short arms and legs. He began bodybuilding after observing his uncle doing so. In 2016, he competed in a competitive event for the first time. “It was a lifelong ambition of mine to hold a Guinness WorldContinue reading “Pratik Vitthal Mohite earns Guinness World Record for shortest competitive bodybuilder”
Indian tea is world famous, but our exports are still behind Kenya, China and Sri Lanka
Trade (export-Indian tea) India is the world’s second-largest producer of tea after China. Eighty-nine per cent of the tea produced domestically is consumed (1,145 million kg in FY2021) in the country itself. Tea worth $704.36 million was exported overseas in FY21; Russia, Iran, UAE, the US and China are leading markets for export of IndianContinue reading “Indian tea is world famous, but our exports are still behind Kenya, China and Sri Lanka”
Wrestler Anshu Malik Becomes First Indian Woman To Win World Championships Silver
Sports(Olympics) Anshu Malik won a silver medal in the 57kg final against 2016 Olympic winner Helen Lousie Marouli in Oslo, Norway on Thursday, but India will have to wait for its first female world champion in wrestling. The 19-year-old began the match aggressively and with great intent after becoming India’s first-ever woman finalist at theContinue reading “Wrestler Anshu Malik Becomes First Indian Woman To Win World Championships Silver”
Tata wins bid for Air India for Rs 18,000 crore, defeating Ajay Singh’s Rs 15,100 crore offer.
Business(Airlines) Air India Sale: After a 68-year hiatus, Air India will be sold to Tata Sons, with the central government approving the group’s bid. A consortium led by SpiceJet’s Ajay Singh was outbid by Tata Group.
Monetary policy Updates : Rates remain unchanged. GDP growth is expected to be 9.5 percent in FY22, with CPI inflation expected to be 5.3 percent this fiscal year.
Economy(RBI-India) The RBI kept key policy interest rates unchanged, as expected to support a fragile economic recovery, and reiterated an accommodative stance that supports sufficient liquidity to keep borrowing costs low for both the government and businesses, thereby stimulating investment. The RBI kept its FY22 GDP growth forecast at 9.5 percent. This includes 7.9 percentContinue reading “Monetary policy Updates : Rates remain unchanged. GDP growth is expected to be 9.5 percent in FY22, with CPI inflation expected to be 5.3 percent this fiscal year.”
As the country faces a severe coal shortage, the country’s energy exchange nearly triples.
Business The stock exchange, which is almost entirely dominated by India’s electricity trading, is attracting attention as a serious coal crisis, and the government’s intention to promote reform is altering the dynamics of the country’s electricity sector. Shares of Indian Energy Exchange Ltd., a platform where electricity producers, distributors, and businesses are increasingly accessing forContinue reading “As the country faces a severe coal shortage, the country’s energy exchange nearly triples.”
Today’s RBI Monetary Policy: Will the RBI keep up the Status Quo yet again?
Banking (India) The Monetary Policy Committee (MPC) led by Reserve Bank Governor Shaktikanta Das will announce its policy decision today, October 8, at the conclusion of the 3-day bi-monthly review meeting. To support growth, the monetary policy committee is widely expected to maintain the status quo on the repo rate, but some analysts see aContinue reading “Today’s RBI Monetary Policy: Will the RBI keep up the Status Quo yet again?”
Centre grants Rs 40,000 crore to States/UTs to address GST compensation shortfall
GST compensation To offset the shortfall in goods and services tax compensation, the Centre on Thursday provided Rs 40,000 crore to the States and UTs with Legislature through a back-to-back loan facility. The total money disbursed to states now stands at Rs 1,15,000 core.
6 penny stocks with solid growth and zero debt
Share market(penny stocks-India) Penny stocks which have a decent balance sheet, low or zero debt and a track record for paying dividend can fare much better against their peers. Bull market or bear market, regardless of what cycle we’re in, people are always on the lookout for ‘cheap’ penny stocks to buy.
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