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Thursday , 19 October 2017
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Category Archives: Economy

IMF Chief praises demonetization and GST; says India’s economy on solid track

While opposition parties including Congress have been targeting the central government over the economy, the IMF Chief has lauded India’s efforts such as demonetization and GST. This should come as a wakeup call for people like Yashwant Sinha who had recently gone bonkers with their criticism of government’s economic policies. All the talk was about the GDP growth reducing to ... Read More »

RBI maintains status quo, keeps key policy rate unchanged

Following are the highlights of the fourth bi-monthly Monetary Policy Statement 2017-18, issued by Reserve Bank of India:    * Key policy rate kept unchanged at 6 per cent.  * Reverse repo rate unchanged at 5.75 pc.  * Cuts economic growth forecast to 6.7% from 7.3% for FY’18  * Projects inflation at 4.2-4.6 pc in the second half.  * GST ... Read More »

​How to become a tax consultant

A tax consultant/advisor is referred to as a tax accountant who helps people and organisations to complete their tax returns every financial year. This can involve extracting and analysing information from their financial documents, like, wage, employment and mortgage, investment statements, etc. A tax consultant is also required to travel to meet with clients. Tax advisors can either work independently, for the government, or for a firm. Salaries also depend ... Read More »

“Thriving of Block Chains and Cryptocurrencies in India”

Cryptocurrencies are a phenomenon known to many people. These are the digital assets which act as a medium of exchange. In most developed as well as developing countries, these types of virtual currencies are used for many purposes. In India, there are many types of cryptocurrencies used, most commonly in the forms of Bitcoins, another type includes Lite coins, Ripple, ... Read More »

GST on agrochemicals: a cause of concern or relief for farmers and industry

The long wait for India’s landmark tax reforms, Goods and Services Tax (GST), is over and the industries in various sectors including agrochemicals have geared up for the changes that would be resultant of the GST. The two major segments of agrochemicals have different tax rates under new tax regime;chemical fertilizers are to be taxed @12 % and pesticides @18%. ... Read More »

Banks to go on strike on Tuesday

The Public sector banks have announced a day strike on Tuesday (22/8/17) since all the unions which are under UFBU has opposed the Government’s proposed consolidation of various smaller banks which may affect the interest of the employees as a whole. The UFBU Has also put forth few more demands which has not been agreed by the Govt till date. ... Read More »

Nifty crosses past 10,000 points for the first time

The National Stock Exchange’s Nifty has gone past the 10,000 mark for the first time today. This is a clear indication of the country going towards positive growth with improved earnings among other factors. The acceleration was due to the rally of few company’s shares which was spear headed by Reliance Industries which saw a 52 week high of Rs. 1624.90 ... Read More »

GST and its benefits and impact on the various sectors

The largest indirect tax solution since the year of independence, GST (Goods &Service Tax) law requires bringing an economic change in the Indian economy. GST will help to streamline and consolidate the method of indirect taxation and will make it more efficient and simpler than before. The players of the Tax will pay the consolidated tax in spite of the ... Read More »

GST and its benefits and impact on the various sectors

The largest indirect tax solution since the year of independence, GST law requires bringing an economic change in the Indian economy. GST will help to streamline and consolidate the method of indirect taxation and will make it more efficient and simpler than before. The players of the Tax will pay the consolidated tax in spite of the several taxes such ... Read More »

GST filing and compliance at your fingertips with JioGST

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