Business Standard - March 29, 2023
Business Standard - March 29, 2023
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In this issue
March 29, 2023
GST rate rationalisation unlikely before 2024 polls
Overhaul of the goods and services tax (GST) structure, including possible changes in the tax slabs, may now be taken up only after the 2024 Lok Sabha elections, given the number of states that are going to the polls in its run-up.
2 mins
Raise rate by 25 bps, economists tell RBI
But say liquidity stance should be flexible at Apr 3-6 meet
2 mins
DMRC assets to get legal buffer
After a warning from the judiciary, the Centre has moved to amend the Metro Railways Act to protect Delhi Metro Rail Corporation's (DMRC's) assets from being attached.
1 min
Fallacy to think India immune to global events, says Meta India head
Amid grim global economic scenario, it would be a fallacy to think that India would be immune to global events, Meta India head Sandhya Devanathan said on Tuesday.
1 min
Jio wages price war in fixed-line broadband
Reliance Jio has taken a disruptive call in the fixed broadband space by offering an entry-level unlimited 10 mbps home broadband service for just ₹198 a month, slashing their earlier entry price of ₹399 (for 30 Mbps). Analysts say that the offer will lead to a price war with rival Bharti Airtel whose minimum pack currently is ₹499. Bharti is expected to respond to Jio's gambit soon.
2 mins
Reliance, Tatas, 9 others get ₹14K-cr solar PLI nod
Unlike the first round, this phase of solar PLI has three schemes
2 mins
18 drug companies lose licence over spurious meds
Move comes after drug regulator conducts inspection on 76 pharma firms
2 mins
EPFO rate raised by a tad to 8.15%
Launches e-passbook facility; members will now be able to view more details of their accounts in graphical representation
2 mins
Impact of untimely rain on wheat crop marginal
On track to achieve FY24 procurement target, says FCI; no lifting of export ban
3 mins
More BJP wins, more Oppn protests it will face: Modi
During UPA's 2004-14 rule, assets worth ₹5,000 cr seized under PMLA; during BJP rule it rose to ₹1.10 trn, says PM
1 min
House panel welcomes larger funds allocation
The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop
2 mins
Alibaba to split into 6 units that may pursue IPOs
Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises.
1 min
Recommendations to voting: Blue tick shake-up at Twitter
Twitter's \"For You\" feed, the default view for users of the social network, will no longer recommend content from accounts that aren't verified, owner Elon Musk tweeted.
1 min
65% from 85%: Bonus slashed for Meta staff
Facebook owner Meta Platforms Inc is planning to lower bonus pays for some employees, and assess staff performance more frequently, as a part of a larger restructuring, the Wall Street CI Journal reported on Tuesday, citing an internal memo.
1 min
China spent $240 bn to bail out nations with Belt & Road loans
Beijing now fast catching up with the IMF as a lender of last resort
2 mins
Supporting Ukraine
New IMF loan raises questions
2 mins
Bank runs and resolutions
The collapse of Silicon Valley Bank and the swift intervention by the US authorities hold lessons for India to complete the unfinished policy agenda on handling failed financial firms
4 mins
Policy vacuum
Govt must frame rules for space communication
2 mins
Vedanta announces 5th interim dividend; FY23 outflow ₹37.7Kcr
Firm to pay ₹7,621 cr at ₹20.5 apiece in latest instalment
1 min
HIKE IN WITHHOLDING TAX RATE: Indian arms of MNCs may not feel sharp pain
India's tax treaties with most major economies cap withholding tax on royalties and technical fee at 10%
2 mins
Business Standard Newspaper Description:
Publisher: Business Standard Private Ltd
Category: Newspaper
Language: English
Frequency: Daily
Business Standard is India's leading business daily.
A preferred choice of serious business readers, Business Standard is acknowledged as a quality leader.
Business Standard stands for reporting that stresses accuracy and credibility, commentary that is informed, independent and fair, and journalism that is rooted in ethical conduct and defined by a sacrosanct bond with the reader. All Business Standard journalists sign on to a code of conduct that is available on the website.
Business Standard's editorial team is led by Shyamal Majumdar.
The English newspaper is published from 12 centers - New Delhi, Mumbai, Kolkata, Bengaluru, Chennai, Ahmedabad, Hyderabad, Chandigarh, Lucknow, Pune, Kochi and Bhubaneswar. It is also printed from Bhopal.
The Hindi Business Standard is published from eight centres - New Delhi, Mumbai, Kolkata, Patna, Lucknow, Bhopal, Chandigarh and Raipur.
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