The government has signalled that it will leave no stone unturned in cleaning up the banking system. It has now asked banks to disclose the
Day: December 16, 2017
Will FRDI Bill mean a throwback to the tumultuous pre-1960s? | Business Line–15.12.2017
Between 1913 and 1960, 1,600 private banks closed down operations and depositors lost all their money The Finance Ministry sought to allay apprehensions of savers/depositors
Revival risks: On economy woes – The Hindu–15.12.2017
The Centre’s bid to dispel the pall of gloom over the economy has been helped in recent weeks by a sovereign rating upgrade from a
Cheque bounce cases: Cabinet clears amendment to law for payment of interim compensation – The Financial Express–16.12.2017
The Cabinet today approved an amendment to a current law to allow for payment of an interim compensation in cheque dishonour cases with a view not to
Government to replace GST ordinance with bill – The Financial Express
The GST Council in its 20th meeting held in August had recommended an increase of 10 per cent to 25 per cent in the maximum
GST Council to meet tomorrow; discuss roll out of e-way bill – The Financial Express–16.12.2017
The all-powerful GST Council will meet tomorrow to discuss early implementation of e-way bill as well as ways to plug tax evasion. Headed by Finance
Stressed assets cases: Do not allow promoters to bid in NCLT; why did they not pay up if they could? – The Financial Express
Media reports suggest the government may remove the blanket ban on corporate guarantors of failed businesses bidding for stressed assets during the resolution process; the
Foreign Trade Policy: More than sops, promote exports as growth engine – The Financial Express
The recent mid-term review of foreign trade policy (FTP) promises to scale up exports, as the government believes exports are the engine of growth, and
Exports jump 30% to $26 bn in November; trade deficit at $13.8 bn | Business Standard News–16.12.2017
India’s exports rose 30.55% to $26.19 billion in November, reversing the decline witnessed in October, helped by robust growth in shipments of gems and jewellery
Govt ignored warnings from private companies over GST rollout: Sources | Business Standard News–16.12.2017
The Indian government ignored several warnings from private companies that the complex technology required for a nationwide goods and services tax (GST) to work smoothly
No MDR charges on debit card payments up to Rs 2000, govt to reimburse banks | business-news | Hindustan Times–16.12.2017
The merchant discount rate (MDR) charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems will be borne
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