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CUSTOMS
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4
Nov
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Notification No.71/2024
(Delhi)
S.O. .....(E). – In exercise of the powers conferred by clauses (b) and (c) of sub-section (1) of section 7 of the Customs Act, 1962
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4
Nov
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Notification No. 72/2024
(Delhi)
S.O.....(E).- In exercise of the powers conferred by sub-section (1) of section 4 read with section 3 and sub-sections (1) and (1A) of section 5 of the Customs Act, 1962
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4
Nov
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Notification No. 73/2024
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
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4
Nov
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Circular No. 21/2024
(Delhi)
Mandatory additional qualifiers in import/export declarations in respect of Synthetic or Reconstructed Diamonds w.e.f 01.12.2024 – reg.
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INCOME TAX
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5
Nov
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Circular No . 15/2024
(Delhi)
Order under section 119(1) of the IT Act, 1961 fixing the monetary limits of the Income-tax authorities in respect of reduction or waiver of interest paid or payable under section 220 (2) of the IT Ac
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4
Nov
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Circular No 14/2024
(Delhi)
Condonation of delay under clause (b) of sub-section (2) of section 119 of the Income-tax Act, 1961 for returns of income claiming deduction u/s BOP of the Act for Assessment Year 2023-24-Reg.
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4
Nov
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RBI/2024-2025/86
(Delhi)
Note Sorting Machines: Standards issued by the Bureau of Indian Standards
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LIVE MARKET
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NSE (NIFTY)
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0
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BSE (SENSEX)
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0
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NASDAQ
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0
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FTSE 100
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0
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USD
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0
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EURO
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0
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GBP
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0
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GOLD
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0
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SILVER
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0
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INDIAN ECONOMY
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Fresh company incorporations saw this fiscal's steepest fall in October and the registration of limited liability partnerships (LLPs) eased for the first time in five months, with experts attributing the fall to an unfavourable base and a slowdown in urban demand.
Latest corporate affairs ministry data sho...
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The Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said that the economic activity in India remains strong, with the agriculture and services sectors doing well, brushing aside the chatter that the Indian economy is slowing.
"Data which is coming in is mixed. But the positives outweigh t...
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India’ food grain production will likely reach a record level of 164.7 million tonne (MT) in 2024-25 kharif season, with year-on-year increase of 5.4%, the ministry of agriculture said in Tuesday releasing the first advance estimate.
This augurs well for the rural economy and consumption, with improved inc...
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India’s services sector picked up last month after dropping to a 10-month low in September, with HSBC India Services Business Activity Index, or services PMI for October at 58.5 amid a marked expansion in demand, data released by S&P Global showed. According to several panel members, the increase in output is...
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Retail sales (offline and online) during the festive season increased by about 15% year-on-year in 2024, much lower than 32% or so in 2023 and 88% in 2022, Nomura Global Research wrote in a note on Tuesday citing rough estimates based on anecdotal data.
“Demand is holding up in rural areas and in tier-2/3 ...
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The Centre’s capex loan disbursement to states may reach around Rs 90,000 crore or nearly two-thirds of the FY25 target of Rs 1.5 lakh crore by December, as it accelerates the pace of releases to make up for the delay in rolling out tied loans.
Of the Rs 1.5 trillion grant-like loans earmarked for FY25, Rs...
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GLOBAL CORPORATE
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Japan's Honda Motor reported a surprise 15% drop in second-quarter operating profit on Wednesday, missing analysts' expectations as it suffered a heavy sales decline in China.
Japan's second-largest automaker said operating profit was 257.9 billion yen ($1.68 billion) in the July-September quarter, marking...
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Toyota Motor posted on Wednesday its first quarterly profit drop in two years as its weaker sales and production issues in two crucial markets - Japan and the U.S. - stalled the Japanese automaker's recent record run.
The world's top-selling automaker had been on a record profit run until earlier this year...
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BMW on Wednesday reported a 61% drop in its third-quarter profit that missed analyst expectations because of slumping China sales and brake problems, but said it was on track to meet its adjusted full-year financial outlook.
In a statement, BMW CEO Oliver Zipse said that after "extraordinary challenges in ...
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Chip-making giant Nvidia surpassed Apple on Tuesday to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street.
Shares in the AI juggernaut rose 2.9 percent to $139.93, swelling its market capitalization to $3.43 trillion, ahead of Apple at $3.38 t...
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Banking
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German lender Deutsche Bank on Wednesday announced that it has infused an additional capital of Rs 5,113 crore into its India operations. This is the largest capital allocation to India in recent years and will be used for expanding across business lines, including corporate banking, investment banking and pr...
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Six years after the country’s shadow-banking sector blew up, pockets of stress are building again, prompting firms to start pulling back amid scrutiny from the Reserve Bank of India (RBI).
Bajaj Finance, India’s largest non-banking financial company (NBFC), joined rivals including Shriram Finance, Mahind...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Japanese manufacturers were less confident about business conditions in November than in October, a Reuters monthly poll showed on Wednesday, as China's economic slowdown and a persistently high rate of inflation soured sentiment....
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A leading British think tank said on Wednesday that the country's already slow economic growth rate could be more than halved if Donald Trump wins the U.S. presidential election and imposes sweeping import tariffs.
In its lates...
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Japan's service activity contracted in October on weaker sales, with business confidence slipping to the lowest level since March 2022 on concerns over shortage of labour, a private survey showed on Wednesday.
The final au Jibu...
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Thailand's annual headline inflation rate quickened in October due to higher energy and food prices, the commerce ministry said on Wednesday, but still remained below the central bank's target range of 1% to 3%.
The headline co...
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China's outbound shipments likely rose at a faster pace in October, buoyed by better weather and steep discounts even as manufacturers and other major exporters report a drop off in global demand.
Trade data for October is expe...
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Russia's services sector activity expanded slightly faster in October than in the previous month as output and new orders rose again, a business survey showed on Wednesday.
The S&P Global Purchasing Managers' Index for Russian ...
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The economic cost of climate change will likely be much more severe than previously feared, as fresh data informs models used to predict the most probable outcomes.
Taking the latest available climate data into account, includi...
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INDIAN CORPORATE
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Jeweller and watchmaker Titan's net profit dropped 25% to Rs 705 crore for the Sept quarter, compared to Rs 940 crore in the corresponding period last year. The decline was primarily attributed to a Rs 290-crore customs duty-rela...
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Noel Tata was on Friday appointed to the board of Tata Sons, the holding company of the Tata Group, as a nominee of Tata Trusts, of which he was appointed chairman last month following the death of Ratan Tata. An online resolution...
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Steel major JSW Steel has reported a marginal 1 per cent decline in its consolidated output to 22.81 lakh tonnes (LT) in October. It had produced 23.12 LT of crude steel in the same month last year, JSW Steel said in an exchange f...
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Jewellery and watchmaker Titan on Tuesday reported a 23.1% year-on-year decline in consolidated net profit to Rs 704 crore for the quarter ended September, missing Street estimates by a wide margin.
The drop came amid a customs...
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INDIRECT TAX
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The CBIC has asked customs field formations to disclose the specific nature of inquiry being undertaken while issuing letters/summons in export/import fraud cases and also complete investigations within a year. In an instruction, ...
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GST
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1. It has been observed that some taxpayers have paid the demanded amount vide DRC 07/DRC 08/MOV 09/MOV 11/APL 04 through DRC-03 instead of using payment facility ‘Payment towards demand’ available on GST portal. This led to a situation where demand has been paid by the taxpayer, however the demand is not clo...
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From April 1, 2025 onwards, businesses with Aggregate Annual Turnover (AATO) greater than Rs 10 crore will not be allowed to report e-invoices older than 30 days on the date of reporting under the goods and services tax (GST).
The reform will ensure on-time tax payment and will regulate the delays in repor...
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Insolvency
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The Insolvency and Bankruptcy Board of India (IBBI) has proposed to include an option of mediation for operational creditors (OCs) under the Insolvency and Bankruptcy Code (IBC), as it aims to cut the load of National Company Law ...
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