Nepal has barred the import, sale and distribution of Priyagold biscuits made by India based Surya Food and Agro Ltd, after food safety concerns flagged by Indian authorities.Nepal’s Food Technology and Quality Control Department (FTQCD) announced the restrictions in a notice issued on Monday, classifying the biscuits as sub-standard. The move follows action by the…
US homebuilder confidence hits 14-year low as costs soar US homebuilder confidence fell to its lowest level in more than 14 years in October, with rising mortgage rates, expensive construction materials and labour shortages weighing on the housing market, according to a survey released on Monday.The National Association of Home Builders (NAHB)/Wells Fargo Housing Market…
Spot gold is drawing some support from buoyant US treasuries and reduced possibility of October Fed rate hike. Gold price prediction today:Gold prices are finding some support but the upside is capped by high crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Here’s his detailed analysis: Gold Performance: Spot gold…
The AO treated the alleged amount as undisclosed cash receipts and made an addition under Section 69A. (Image for representative purpose only) Property related transactions can sometimes be complicated. Recording the same in your income tax return is equally important. But what if the Income Tax Department sends you a notice for unexplained cash receipts,…
The findings also highlighted a distinct regional divergence in welfare impact NEW DELHI: In-kind social transfers ranging from free foodgrains under the public distribution system (PDS) to laptops, bicycles and school uniforms have pushed nearly 22 crore people — comprising around 19% of rural population and 8.4% of those in urban areas — into higher…
‘Hospitals may still find ways to hike charges of other items and packages,’ warns a civil society group NEW DELHI: Govt’s move to cap trade margins at 30% of MRP on 137 cancer drugs, covering over 1,000 medicine brands, puts the focus on actual patient savings, with effective implementation and monitoring needed to ensure it…
India puts coal import plan on hold, prioritises domestic production and transport (representative image) India has shelved a proposal to make power plants import coal to replenish dwindling stockpiles, as elevated international prices and a weaker rupee have increased the cost of overseas shipments, Bloomberg reported on Monday, citing people familiar with the discussions.The government…
File photo: Bottles of Absolut vodka, produced by Pernod Ricard, are displayed at a wine shop (Picture credit: Reuters) Indian tax authorities are investigating whether liquor makers Pernod Ricard and Diageo wrongly classified bulk Scotch whisky imports to claim lower tariffs under the India-UK trade agreement, Reuters reported, citing five industry sources familiar with the…
India gets 100 per cent duty-free access for its goods exports to New Zealand. NEW DELHI: The Free Trade Agreement between India and New Zealand will be enforced on Tuesday (October 20), allowing duty-free access to Indian goods across Wellington’s entire market.The announcement comes from a ministry of commerce and industry presentation, cited by ANI.Labour-intensive…
The Assessing Officer restricted the deduction by approximately Rs 55 lakh. (Image for representative purpose only) You sell a property and reinvest the money you get from the sale in another property, and claim capital gains exemption in your income tax return. The catch however is that the property you buy as a replacement is…
