In the case of corporate bidders, the professionals are in favour of a ‘top-down’ approach. The government may remove the blanket ban on corporate guarantors
Day: December 16, 2017
GST filing: GST Network simplifies returns filing process – The Economic Times–14.12.2017
The new facility will result in time savings for the taxpayers, said GSTN, which provides the IT backbone for the new indirect tax regime. The
FRDI Bill: View: By flirting with FRDI Bill, Modi government may be playing with fire – The Economic Times–14.12.2017
Trust in banks has been the strongest trait of the modern Indian financial system. The world of Rajaram Shinde is changing. The retired central government
Veritas: MSME lender Veritas raises Rs 120-cr round led by UK govt’s CDC Group – The Economic Times–14.12.2017
The UK government’s development finance institution CDC Group has led a Rs 120-crore investment round in financial services firm Veritas Finance along with existing investor
Create competitive market for assets
There is no reason to restrict the debate on expanding the cast of would-be buyers for assets auctioned off under the Insolvency and Bankruptcy Code
Turning hawkish on India as inflation zooms past RBI target – The Financial Express
India’s inflation surged past the central bank’s target, bolstering a view that interest rates may rise earlier than expected and offering little relief to battered
Unitech takeover by Centre a good idea, may bring relief to homebuyers – The Financial Express–14.12.2017
The government’s decision to take over Unitech, which has failed to deliver homes to thousands who booked apartments, shows it means business. While it is
BS Banking Round Table 2017: Lower lending rates necessary | Business Standard News
K C Chakrabarty: There is only one challenge, which is NPA (non-performing assets). We must focus on this one challenge, and solve it. What is
BS Banking Round Table 2017: IBC has shifted balance of power, say bankers | Business Standard News
The Insolvency and Bankruptcy Code (IBC) has changed the equation in the lender-borrower relationship, with errant promoters now eager to resolve the bad debt mess
Unitech shares crash after SC stay order on govt takeover of realty major | Business Standard News–14.12.2017
The Supreme Court has stayed the National Company Law Tribunal’s (NCLT’s) order allowing the government to take charge of the management of stressed real estate
Lenders send most firms from second list to NCLT | Business Standard News
Banks moved the National Company Law Tribunal (NCLT) on Wednesday for insolvency proceedings against more companies. Compared to an earlier list of 12 large corporate
2017: A year of troublesome twins | Business Standard Column
Over the past year, two pairs of twins have dominated economic developments in India. The first refers to the “twin shocks” of demonetisation (Demon for
Of recapitalisation and resolution of NPAs | Business Line
Even as bail-in won’t work in the Indian banking system, extra vigilance is called for to track the path of lending decisions The Reserve Bank
RBI’s inflation fears, caution were justified
Reserve Bank governor Urjit Patel showed prescience by keeping interest rates unchanged in recent monetary policy announcements as he wanted to see how inflation played
नवे निश्चलनीकरण? | लोकसत्ता –14.12.2017
बँक बुडण्याशी तिच्या गुंतवणूकदारांचा वा ठेवीदारांचा काहीही संबंध नसताना न केलेल्या कृत्यांची शिक्षा त्यांना का? विद्यमान सरकार आर्थिक आघाडीवर काही करू पाहते याचा सुगावा जरी
Demonetisation had little to do with corruption: Former chief economic adviser Kaushik Basu – The Financial Express–15.12.2017
Slamming demonetisation, former chief economic adviser Kaushik Basu today said it was not a targeted approach to deal with corruption. “The economy has slowed down
Council may bring petrol, real estate under GST in future: Sushil Modi | Business Standard News
All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister
GST Council to take call on e-way bill in Saturday meet | Business Standard News
After reducing tax rates on over 200 items in the last meeting, the goods and services tax (GST) Council is set to meet again on
Growth for job creation | Business Standard Column
Job creation is considered to be the most serious development challenge that India faces. It is a major source of contention in the political space.
States face revenue shortfall of ₹39,111 crore from GST: Mitra | Business Line–15.12.2017
Four months after the rollout of the Goods and Services Tax, States are facing a revenue shortfall of over ₹39,000 crore even as solutions are