In its first meeting on Wednesday, the newly constituted Economic Advisory Council to the Prime Minister (EAC-PM) identified 10 themes covering a wide range of
Month: October 2017
NITI Aayog’s usefulness and purpose remain unclear even today | Business Standard Editorials
This editorial was first published in Business Standard on Feb 11, 2016. It is being republished as Panagariya has quit as the vice-chairman of the
Is fiscal deficit of 3.2% of GDP written in stone? | Business Standard Column
For the current fiscal year, the government of India has budgeted a total expenditure of Rs 21,46,735 crore, tax revenue of Rs 12,27,014 crore, non-tax
The slowdown is official; PM’s economy team picks 10 key areas to work on | Business Line
Focus on job creation, public spending, farm sector top six-month action plan Acknowledging a slowdown in the country, the Economic Advisory Council to the Prime
On steadier ground | Business Line
While the RBI’s norms for P2P platforms provide credibility to the online marketplace, blanket caps on lending could impede growth With the Reserve Bank of
Short-sighted fixes to GST will not help | Business Line
The amendments put through last week are well-intentioned but they will lead to a fresh set of problems The amendments to the GST law announced
C Rangarajan: Economy may grow at 6.5% for 2017-18, says C Rangarajan – The Economic Times–11.10.2017
Rangarajan as chancellor participated in the 7th Convocation ceremony of ICFAI University here. Former RBI Governor C Rangarajan today said he expects that the economy
India economy: IMF pares India’s FY18 growth forecast but sees it regaining ‘fastest-growing’ title in FY19 – The Economic Times–11.10.2017
The International Monetary Fund (IMF) has pared India’s growth forecast for FY18, citing the lingering impact of demonetisation and disruption caused by the goods and
Who needs a few dollars more in debt?–Economic Times–11.10.2017
We in India seem hooked to foreign debt inflows, never mind the myriad macroprudential risks involved, including artificial strengthening of the rupee. The Reserve Bank
P2P players seek RBI clarification on permissibility of institutional lenders – The Financial Express–11.10.2017
On October 4, RBI had released master directions for non-banking financial company-peer to peer lending platforms (NBFC-P2Ps) After the Reserve Bank of India (RBI) released
Has Insolvency and Bankruptcy Code been a success? Haircut factor will decide; see how – The Financial Express
The judicial intervention and interpretation had a far-reaching bearing on the outcome of IBC. (IE) The Insolvency and Bankruptcy Code (IBC) was notified in December
66% file sale returns under GST | Business Standard News
As many as 66 per cent of the assessees under the goods and services tax (GST) filed detailed sales returns for July hours before the
A regressive decision | Business Standard Editorials
The government’s decision to raise the exemption limit in the Prevention of Money Laundering Act (PMLA) for jewellery purchases without meeting the know-your-customer (KYC) norms
CRISIL files consent plea in Amtek Auto case | Business Standard News–11.10.2017
Credit rating agency CRISIL has filed a consent application before the Securities and Exchange Board of India (Sebi) in the Amtek Auto rating suspension case.
SC order on insurance claims a shot in the arm for policyholders | Business Standard News–11.10.2017
The Supreme Court’s (SC’s) recent judgment that insurers cannot reject claims purely on technical grounds will help policyholders greatly in situations where their claims are
Section 66A once more | The Indian Express–11.10.2017
In addition, the court had noted that Section 66A did not have procedural safeguards like other sections of the law with similar aims, such as
A better GST | The Indian Express
Businesses with an annual turnover of less than Rs 1.5 crore have now been permitted to file quarterly returns, instead of every month. Business is
Insolvency rules tweaked, home buyers get cover – Times of India–10.10.2017
Highlights This move is aimed at protecting the interests of home buyers The revised rules will ensure that banks and other creditors do not get
GST holds out much scope for reform–10.10.2017
The Goods and Services Tax Council reportedly wants to discourage ad hocism in rate revision and outright exemptions. This makes sense. Frequent changes in GST
GST gets better, but Council must also do this to give big relief – The Financial Express–10.10.2017
The Council has realised it needs to help smaller businesses that are struggling to comply with the rules, especially those relating to returns. The Goods
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