India’s highest-profile default this year and the government’s plan to inject capital into state-controlled lenders have thrust the nation’s bad debt into the spotlight. Some
Month: November 2017
RBI allows strong ARCs to hold more than 26% in sick units | Business Standard News
Earlier ARCs could convert a portion of the debt into equity of the borrower company to the extent of 26% of the revamped equity capital.
Ordinance to amend bankruptcy code gets President Kovind’s nod | Business Standard News–24.11.2017
Wilful defaulters and entities whose accounts have been classified as NPAs will be barred from bidding for assets under the insolvency law, with the President
Full text: President Kovind gives assent to ordinance to amend IBC | Business Standard News–24.11.2017
The President of India has given his assent today to the Ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). The Ordinance aims
Jolt for errant promoters | Business Standard Editorials–24.11.2017
The presidential assent to the Ordinance effecting crucial changes to the Insolvency and Bankruptcy Code is a bold and clever step towards ensuring that the
Govt doesn’t buy restaurants’ input tax credit alibi | Business Standard News–24.11.2017
With most restaurants increasing prices despite a cut in goods and services tax (GST), the government’s calculation reveals that prices would come down despite discontinuation
‘Cyber protection’ should be a career option for the country’s youth: Modi | Business Line–24.11.2014
Digital technology is helping to shape the future of business and economy’ The Prime Minister, Narendra Modi, on Thursday said that ‘cyber protection’ should be
Ordinance may lead to more litigation | Business Line–24.11.2017
The banking sector will be a major loser as the ordinance would reduce the number of bidders and minimise the scope for finding the right
Housing, SME loans to be focus areas for Edelweiss Retail Finance, says top official | Business Line–24.11.2017
Edelweiss Retail Finance will focus on housing and SME loans in small towns, Anil Kothuri, President, said. Currently, the company has a footprint in 80
Agriculture / Food challenge–The Other Indira | The Indian Express–24.11.2017
A food-dependent India would never have stood up with its voice in the world, on account of the politics of food aid and it is
‘IBC ordinance will affect pending suits’ – The Hindu–24.11.2017
The biggest concern regarding the amendments to the Insolvency and Bankruptcy Code (IBC) is that they will cause disruption in nearly all pending insolvency proceedings,
GST: Realtors want GST for sector be lowered to 6 per cent – The Economic Times–23.11.2017
The National Real Estate Development Council (Naredco) has urged the government to halve the goods and services tax (GST) rate for the real estate sector
Apr-Oct trade deficit soars 60% to $88 billion: Report – The Economic Times–23.11.2017
Trade deficit has ballooned to USD 88 billion between April and October, up 60 per cent from the comparable period a year ago due to
EFPO: SC ruling enables massive rise in private sector pensions – The Economic Times–23.11.2017
Every employee in the organised sector contributes 12% of basic salary and dearness allowance to EPF. The employer makes a matching contribution…. In his 37-year
Land for industry as urban challenge–Economic Times–23.11.2017
Land is often cited as a factor of obstruction in India, rather than just a factor of production. The experience of Tata Motors’ Nano factory
No more bidding from wilful defaulters for stressed assets as government moves to bring changes in Bankruptcy code – The Financial Express–23.11.2017
The Central Cabinet on Wednesday today approved an ordinance approving an amendment to the Insolvency and Bankruptcy Code to prevent wilful defaulters from bidding for stressed
Buying daily use products on same price after GST rate cut; soon, file a complaint – The Financial Express–23.11.2017
The government once again reminded that the benefit of reduction in the GST rate has to be passed on by the suppliers to the consumers.
Jaypee crisis: SC restrains JAL directors from alienating properties | Business Standard News–23.11.2017
The Supreme Court on Wednesday directed 13 directors, including five promoters of embattled Jaiprakash Associate Limited (JAL), not to alienate their personal properties and asked
Keep it simple | Business Standard Editorials–23.11.2017
Over the past few days, the GST Council has taken several decisions that are expected to make life simpler for a large number of companies,
Mere tweaks will not help | Business Standard Editorials–23.11.2017
If measures such as a steep hike in import duties on edible oils and ending export curbs on pulses are intended to prop up the
aniltikotekar4sme.com 