October 15, 2021

Opinions expressed by Entrepreneur contributors are their very own.

The idea of “Promote Me This Pen” was seen within the movie, The Wolf of Wall Avenue and was even mentioned on the hit TV present Shark Tank. Many suppose it’s a gross sales approach that may decide whether or not somebody is actually a salesman. Nevertheless, I discover that notion absurd as a result of there are not any real-life conditions the place such an thought would ever be efficient.

Within the movie, Jordan Belfort asks Bo Bodnick to promote him a pen. Bo says, “Do me a favor and write your title down on a serviette.” “I don’t have a pen!” Jordan says. “Precisely,” Bo responds, pulling out his personal pen and handing it to him. “That is provide in demand.” Think about if an individual have been to ask you to write down your title on a



GST Community on Tuesday stated it has blocked Rs 14,000 crore price of enter tax credit score (ITC) of 66,000 companies registered below GST.


Responding to social media posts based mostly on an RTI reply in regards to the Rs 6.14 lakh crore of ITC blocked below Rule 86A of GST legal guidelines, GSTN tweeted that the determine consists of inaccurate information entries made by the taxpayers.





“ITC of roughly Rs 14,000 crore involving 66,000 taxpayers stands blocked as on date. That is solely 0.38 per cent (roughly) of common ITC utilised by all taxpayers in a monetary 12 months,” tweeted GSTN, the corporate that handles the expertise spine for items and companies tax.


The federal government had launched Rule 86A in GST guidelines in December 2019 giving powers to taxmen to dam the ITC obtainable



After the G20 finance leaders on Wednesday endorsed a world tax deal that requires the elimination of unilateral digital companies taxes, Union Finance Minister Nirmala Sitharaman mentioned it will assist tackle the challenges arising from the digitalisation of the financial system. This may even assist take care of base erosion and revenue shifting points, she mentioned.


On the worldwide financial restoration, she advised her G20 counterparts that making certain equitable vaccines for all is essential but it surely faces a major problem. In her remarks on the G20 Finance Ministers and Central Financial institution Governors (FMCBG) assembly, held on the sidelines of the Annual Conferences of the Worldwide Financial Fund and the World Financial institution, Sitha­raman mentioned for the worldwide financial restoration, it’s important to maintain up the assist, bu­ild resilience and improve productiveness and structural reforms.





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By Sonali Paul


MELBOURNE (Reuters) – Oil costs climbed on Friday, heading for beneficial properties of greater than 2% for the week, on rising indicators of tight provide over the following few months as rocketing fuel and coal costs stoke a swap to grease merchandise.





U.S. West Texas Intermediate (WTI) crude futures rose 30 cents, or 0.4%, to $81.61 a barrel at 0156 GMT, including to an 87 cent leap on Thursday. The contract was heading for a 3% acquire on the week.


Brent crude futures rose 28 cents, or 0.3%, to $84.28 a barrel, after selecting up 82 cents within the earlier session, leaving the contract set for a 2.3% rise for the week.


Analysts pointed to a pointy drop in OECD oil stockpiles, to their lowest degree since 2015. Demand has picked