Retail inflation spurts to 3-month high of 6.52% in Jan
Retail inflation again breached the Reserve Bank's upper tolerance limit and touched a three-month high of 6.52 per cent in January, mainly due to higher prices in the food basket, including cereals and protein-rich items. With the exception of November...
GST On MIDC Leased Land Affecting Msmes All Over India – Dr Dipen Agrawal, President Camit
Nagpur: GST department has put the industry in a state of fear by sending summons and starting investigation on number of transfers of leased lands have taken place in Maharashtra Industries Development Corporation (MIDC) industrial area since July 2017. Dr Dipen...
Power Tussle: NCLT directs NVCC administrator to carry out special audits
Nagpur: National Company Law Tribunal (NCLT) has directed Nag Vidarbha Chamber of Commerce (NVCC) administrator U C Natha (Former CCI Member) to carry-out special audit/ transaction audit/ forensic audit to examine and submit report on all past resolutions/ decisions/ agreements...
RBI increases repo rate to 6.5%
RBI Governor Shaktikanta Das announces an increase in repo rate by 25 basis points to 6.5%. "Unprecedented events of the last three years have put to test monetary policy across the world. Emerging market economies are facing sharp tradeoffs between supporting...
India’s GDP forecast for FY24 drops to 6.4%: RBI
The RBI on Tuesday projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political tension and tightening global financial condition. Announcing the bi-monthly monetary...
Has land mafia taken over MIHAN project?
Nagpur: The various industry owners at MIHAN-SEZ terribly upset by the shabby affairs of Maharashtra Airport Development Company (MADC) in providing rightful facilities to them including basic amenities, voiced their concerns to Development Commissioner of MIHAN-SEZ Dr V...
VIA LEW Organized Lew Handloom Fashion Show
Nagpur: Lady Entrepreneurs’ Wing of Vidarbha IndustriesAssociation (VIALEW) organized a LEW Handloom Fashion Show on 29th Januaryat Open Air Theater at SCZCC, Nagpur. Chief Guest Vinita Bhatia, Winner of Mrs IndiaInternational Glam 2022, Beauty of the World 2022 & Mrs India...
Record provision for infrastructure and investment in Union Budget 2023: Dr Rawal
Nagpur: “The Union Budget was expected to take measures to boost employment, support the macro and micro enterprises sector, clarify Cryptocurrency taxation, ensure greater inclusiveness and enforce fiscal prudence. Although these expectations have not been met, provision for infrastructure and...
Consumer moves HC against IDBI Bank, IFCI for wrongful action
Nagpur: An anguished consumer Manish Mehta had filed a Writ Petition No 1572/ 2021 before the Nagpur Bench of Bombay High Court against IDBI Bank and IFCI Limited challenging their wrongful action of publishing his name in the list of...
Video: CA Kailash Jogani on difference between IPO & FPO, Adani’s withdrawal, significance of LIC, SBI in India
Nagpur: The Budget 2023 night witnessed, what could be described as, an unprecedented move by Adani Private Limited to withdraw its FPO. Following which, the anxiety of the investors exacerbated further. However, under these circumstances, a question arises: How to...
Ashwin Mehadia, 3 others booked for threatening, abusing during NVCC’s AGM
Nagpur: In a significant development, Ambazari police have registered an FIR against Ashwin Mehadia and his associates for criminal intimidation, threatening, assault and resorting to abusing during 78th AGM of Nag Vidarbha Chamber of Commerce (NVCC) held on 17/12/2022 at...
Adani calls off Rs 20K cr FPO, to return money
Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors. The announcement came a day after the company's FPO was subscribed fully on the...
Not a populist,but a fiscal consolidation budget -Dr Dipen Agrawal
Dr Dipen Agrawal, President – Chamber of Associations of Maharashtra (CAMIT) reacting to the budget 2023 said that “Finance Minister, Nirmala Sitharaman has presented a vision document for India at 100”. In her speech she envisaged various new concepts and...
Union Budget 2023 Reaction: VED Cheers FM on Amritkal Budget
The Vidarbha Economic Development Council (VED) appreciates the inclusive budget, touching all income groups, sections of society, and businesses through this comprehensive budget. 1. The idea of accelerating agri-startups is a must for the rural areas for the...
Budget 2023: Nagpur Greens welcome ‘Climate Change Centric Budget’
Finance Minister Nirmala Sitharaman announced the Union Budget in Parliament on February 1, 2023. NT analysed the Budget from Environment perspective with Team Green Vigil Foundation, a self funded , Nagpur based environment NGO working in related fields for the...
Reaction on Union Budget by CA. Ajay R. Vaswani, MCM, Nagpur ICAI
This Budget is a comprehensive and populist budget prioritizing Development, Infrastructure and Investment Green Growth, Youth Power and Financial Sector. It is notable that budget 2023 provides economic growth of 7 % which is the highest amongst all the major...
“Budget 2023 sets bench mark for Inclusivity, Comprehensiveness, Digitalization and Transformation,” says CA Raju Sharma
Economic affairs expert CA Raju Sharma said that, the Finance Budget 2023 sets the bench mark for Inclusivity, Comprehensiveness, Digitalization and Transformation from Good Governance Model to Trust Based Governance Model which will pay way for Self-Reliant, Self Built, Technology...
Union Budget 2023 Reaction: CAIT termed budget as a progressive economic document
" The Union Budget is a comprehensive and progressive economic document which ensures development of each and every sector in a structured way and provides ease of doing business to traders, ensuring robust growth in health sector and other...
Union Budget 2023 Reaction: Budget -23 is a growth-oriented, visionary budget–CA Julfesh Shah
With focus on 7 point program in Budget,it seems to be a prudent, pro-growth, progressive budget with a long term vision.Special emphasis to support MSMEs & Start-ups is announced which will boost the ailing ...
Union Budget 2023 Reaction: MAJOR TAKEAWAY FROM BUDGET SPEECH 2023
1.FOCUS ON IMPROVEMENT:This Budget focused on improving structural aspects like improvement in storage buildings, extending working of ICMR labs, unified filing systems, moving from input-based incentives to performance-based incentives etc. 2.VITAL IN DIRECT TAX – The Government wants to...
Union Budget 2023 Reaction: Be Ready for new income tax regime
Like every year this year too there were lot many expectations with the budget. Being elections nearby, many were expecting major relaxations with regard to taxations. Many were expecting higher income tax slab rates along with increase deductions and exemption...
