The Kerala High Court has held that the stipulation under Clause 16 of the Income Computation and Disclosure Standards for the adoption of first-in, first-out or weighted average cost for valuation of the stock or inventory cannot be applied in the Assessment Year 2017-2018 for the valuation of the opening stock, as the opening and closing stock of the year …
New Delhi: Union Finance Minister Nirmala Sitharaman labelled the World Inequality Report 'flawed' and its methods 'questionable' on Tuesday. The statements were made in reaction to the World Inequality Report 2022, which said that India is a "poor and very unequal country," ranking it in the bottom half of the list in terms of both wealth and income. At the …
Union finance minister Nirmala Sitharaman on Tuesday termed the World Inequality Report 'flawed' and called its methodology 'questionable'. The comments came in response to the World Inequality Report 2022, published by the Paris-based World Inequality Lab, which said India is a 'poor and very unequal country' and ranked it in the bottom half of the list in terms of both …
The concept of an inflation index is always going to be contentious in India given that there are varying prices across the country and there is no singular basket of commodities consumed by households. The all India index showed 3.31 percent where rural had inflation of 2.82 percent and urban 3.97 percent. Another issue raised in the same length is …
)