Tag Archives: Impact

GST impact on buying, selling used cars; 4 power points explain it all briefly

This type of transaction is similar to the one in the previous case, except that the buyer is in the course or furtherance of business. The second-hand car market in India is largely unorganised and fragmented. Since the transactions happen in different ways, following are the impact of goods and services tax (GST). Individual sells to individual As per Section ... Read More »

An auto show’s lingering impact

This Bentley Continental GT at last month’s Frankfurt auto show could still be influencing buyers next September. An auto show’s glitz lingers in lucrative form for car dealers for many months afterward. That’s the conclusion of a study by Foresight Research, which surveyed 621 new-vehicle buyers in the top 25 markets who attended an auto show and were influenced by ... Read More »

GST impact on the used car market: Here is how much your new but pre-owned car would now cost

GST or Goods and Services Tax came as a good decision for the Indian automotive industry. A number of segments witnessed a considerable drop in their ex-showroom price which includes the requisite tax. Cars categorised in the SUV segment as well as most other segments have seen a considerable drop in prices. Annoyingly though, hybrids are now more expensive while ... Read More »

GST effect: Used car business could impact the new car market in India

The Goods and Services Tax (GST) that will be enforced from 1 July has the potential to realign the largely unorganized used car market into a more organized frame work say industry leaders. Interestingly, sale of old and new cars is inextricably linked. It is estimated that about 27-28 percent of new car sales accrue through exchange of old models. ... Read More »

Notes Ban Impact: EMIs To Fall As SBI, Other Banks Cut Lending Rates

New Delhi: Top PSU lenders State Bank of India, PNB and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to priorities their lending towards the poor and middle class. The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) ... Read More »

Demonetisation To Have Temporary Impact On Microfinance Institutions: India Ratings

Mumbai: The Centre’s decision to demonetise Rs. 500 and Rs. 1,000 currency notes may impact microfinance institutions (MFIs) and their borrowers on short term, with the latter likely to face high overdoes. The Narendra Modi-led government on November 8 had announced demonetising notes of Rs. 500 and Rs. 1,000 in a clampdown on black money and counterfeit notes. “(Post demonetisation) ... Read More »

Demonetisation To Impact Small Firms, Rural Demand: Tata Steel

  New Delhi: The government’s move to demonetise currency will impact the secondary steel sector as most of the business conducted by these mini mills and rolling factories is cash-based, which in turn would help the large producers, Tata Steel said. Counted among the top 10 steel makers globally, the Mumbai-based firm said that demonetising will also temporarily impact steel ... Read More »

Samsung Reviewing Ways to Limit Environmental Impact of Galaxy Note 7

Samsung Electronics Co Ltd said on Thursday it was reviewing options to limit the potential environmental impact from the firm’s discontinuation of the Galaxy Note 7 smartphones. The remarks come after environmental group Greenpeace issued a statement earlier this week demanding the world’s top smartphone maker find a way to reuse rare materials such as cobalt, gold, palladium and tungsten ... Read More »

US Attempt to Unlock iPhone Could Impact New York Case: Apple

Apple Inc said the US Justice Department’s new attempts to unlock an iPhone used by one of the San Bernardino shooters without the tech giant’s help could eliminate the government’s need for its assistance in a similar dispute in New York. The company’s position was laid out in a letter filed on Thursday in federal court in Brooklyn, New York, ... Read More »

Opinion: How Will The Budget Impact Your Provident Fund? – By Manoj Nagpal

Finance Minister Arun Jaitley in his third Budget proposed substantive changes to the Employee Provident Fund. In fact, changes to provident fund started even before the Budget. It’s important to know how these changes will affect your provident fund and whether you need to take any specific action. There is a lot of confusion around the proposed changes, but the ... Read More »