The Indian economy grew in double digits twice during the tenure of the Manmohan Singh government (2004-14), shows the back-dated data on the new series of gross domestic
GST officers to ensure companies pass on benefits to the consumers | Business Standard News
Weeks after goods and services tax (GST) rate reduction on over 100 items including consumer durables, the anti-profiteering watchdog has asked GST officers to keep a close
Bankruptcy law can be extended to cross-border assets: Corp affairs secy | Business Standard News
Corporate affairs secretary Injeti Srinivas on Saturday said the evolving insolvency and bankruptcy law can be extended to cross-border assets. The government is also in looking at hiring more
Small biz exports hit by GST refund delay – The Economic Times
Exports by small businesses were adversely affected by a delay in refund of upfront goods and services tax (GST) and input credit, which put pressure on their
Bad loans: Make pre-sanction process more diligent, RBI official tells banks – The Financial Express
One of the areas which the central bank has been emphasising is making the banks identify stress early, he said. A senior central bank official
Macro economic instability, inflation, corruption were highest under UPA government: Surjit Bhalla, EAC-PM – The Financial Express
New GDP data does not change reality that ‘macro-economic instability’ was highest under the previous UPA government period, Economic Advisory Council to the Prime Minister
Insolvency resolution: Timeline same, new law for valuers likely – The Financial Express
The government has no immediate plan to extend the period of insolvency resolution from a maximum of 270 days now, a senior official said on
Bankruptcy: Government hints at new law for registered valuers – The Financial Express
The government is planning a separate legislation for registered valuers who can help arrive at a better valuation of bankrupt companies under the insolvency process, a
Rapid deterioration in India’s external sector – The Financial Express
With the trade deficit for July hitting a five year high of $18 billion on the back of a $17.1 billion deficit in June, India’s
MSMEs finance: Look who’s eating away banks’ share – The Financial Express
The share of credit provided by banks to micro, small and medium enterprises (MSMEs) has declined since September 2016, even as the share of loans
GDP growth from FY04 higher under new series – The Economic Times
“The UPA also delivered the ONLY instance of double digit annual growth in modern Indian history,” it said. Indian economy clocked a 10.08 per cent
Reporting of GST, GAAR details in tax audit report deferred till Mar 2019 – The Economic Times
The revenue department today deferred implementation of a reporting norm for tax auditors wherein they were required to furnish details of Goods and Service Tax (GST) and general anti-tax
Jaypee Infratech | NCLT: Supreme Court sends Jaypee Infratech case back to NCLT for fresh resolution
The Supreme Court, which had stalled insolvency proceedings against Jaypee Infratech to protect the interests of homebuyers, has referred it back to the insolvency court to
Record! Whopping Income Tax collection – Rs 10.03 lakh crore during 2017-18 – The Financial Express
Income Tax collection in the country stood at a record Rs 10.03 lakh crore during 2017-18, the Central Board of Direct Taxes (CBDT) today said.
MSME exports hit more by issues related to GST implementation than demonetisation? Check what report says – The Financial Express
The report noted that the credit growth in the MSME sector had started decelerating even before demonetisation, and declined further during the demonetisation phase. MSME
Resolution under IBC: Creditors recover Rs 5,000 crore – The Financial Express
Of course, the headline numbers are good primarily because of Bhushan Steel, which accounted for close to 64 per cent of the total claims by
GST: Money transported in cash-carrying vans is not ‘goods’, rules Appellate Authority – The Hindu BusinessLine
The Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax (AAAR-GST) has ruled that ‘money’ is not ‘goods’. Accordingly, it decided against giving
Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs | Business Standard News
The government has asked the Reserve Bank of India (RBI) to consider diluting the Prompt Corrective Action (PCA) framework, to ensure that regulatory sanctions against
RBI is right | Business Standard Editorials
The Allahabad High Court is set to hear on Monday the Reserve Bank of India (RBI)’s final submissions on a case filed by power companies
Binani Cement creditors allege ‘misconduct’ by RP, say kept out of process – The Financial Express
Operational creditors of Binani Cement on Thursday alleged before the National Company Law Appellate Tribunal (NCLAT) that the resolution professional (RP) kept them out of
