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Live: What to do if you have received a GST notice? l Moneycontrol

Lakhs of notices have been sent to companies and individuals. Has the GST reform gone awry? What can you do if you have received a notice? And how soon can you expect relief. Shweta Punj chats with experts who decode for you #gst #notice #tax

Can the CEA illuminate the power path?

Pockets of power deficit can stand in the way of India striving to ensure 24x7 quality electricity to power economic growth

India rupee ends flat but notches fourth monthly decline on the trot

While the rupee hardly budged on Tuesday, worries over a shortage of dollars drove the USD/INR overnight swap rate and forward premiums lower.

Bangladesh: An economic disaster, not just a forex crisis, is in the making

When competitors report a sharp decline in specific garment exports, shipments of those from Bangladesh grew in July-August. From $48 billion in 2021, forex reserves are a lowly $21 billion. A $12 billion gap between shipment values and export receipts suggests corruption or data fudging. Exchange rate mishandling has dented the trust of migrant workers and their foreign remittances

Marketing Musings: Hermit consumers may be proliferating in the West, but not in India

Consumer behaviour in India post Covid is different in India from the West. Do not take Western formulations as gospel truth be it for vaccines or marketing

Enter the dragon robot

The number of robots deployed on factory floors has gone up sharply in China, much faster than in any other country in the world. Between 2017 and 2021, robot density, defined as the number of robots per 10,000 employees in manufacturing, went up from 97 to 322 in China, that is more than trebled

Rising GST evasion a pointer to persisting glitches

Possible higher recovery of evaded GST in FY23-24 is not a comfort but a concern

India's mango exports jump 19% to nearly $48 million, US top destination

India exported 2043.60 tonnes of mangoes to the US in the first five months of the current fiscal. Other major destinations include Japan, New Zealand, Australia, South Africa, Iran, Mauritius, Czech Republic and Nigeria.

Business in the Week Ahead (October 30 to November 3, 2023)

At least two new IPOs will open for subscription. The US Fed will decide on interest rates. Corporate earnings, PMI, auto sales are other key data to track

India Mobile Congress 2023: India will lead the world in 6G, says Modi

Modi noted that India is fortunate to have a young generation at the forefront of the country's technological revolution.

Youngsters will shape future of societies with ESG

To build a trustworthy ESG framework, the youth of India need to start by understanding its core components. Environmental responsibility encourages sustainable practices in a country grappling with pollution and climate change

PTC India to divest 100% equity in PTC Energy for Rs 2,021 crore enterprise value

PTC Energy was established in August 2008 as a subsidiary of PTC India to play a pivotal role in India’s emerging energy sector through asset-based businesses.

FinMin notifies rules for appointing president, members in GST appellate tribunals

In September, the finance ministry had notified 31 benches of GSTAT, which will be set up in 28 states and 8 Union Territories.

Stocks struggle on mixed earnings, high Treasury yields

Oil prices slipped after a rise in U.S. crude stockpiles and due to the stronger dollar, though the war in the Middle East loomed large in traders’ minds.

Dollar higher as US economic growth accelerates

The world’s largest cryptocurrency has surged 14% this week on speculation that an exchange-traded bitcoin fund is imminent.

Oil falls on demand fears, bleaker economic outlook

Macroeconomic concerns weighed on the outlook for oil demand after a surprise downturn this month in eurozone business activity data.

Govt cuts floor price of basmati exports to $950 per tonne

Rice inflation has remained persistently high, averaging at 12 percent for the past 4 months.

Central Bank Digital Currency can play important role in cross-border payment: RBI Guv

Das said the reserves did help India during the Ukraine war when the US dollar suddenly became very strong and all the emerging market currencies depreciated.

Business in the Week Ahead (October 23-27, 2023)

The earnings momentum is picking up as more and more companies come out with their September quarter results. Next week, which names will take the centre-stage? For good measure, one IPO is in position to take off

Rs 2,000 notes worth Rs 10,000 crore left in system: RBI Governor

Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The last date was later extended to October 7.