With the budget around the corner, Niti Aayog vice-chairman Rajiv Kumar told ET that the focus of the government should be on the creation of
Banks led by the State Bank of IndiaBSE 0.17 % (SBI) have decided that bidders for stressed assets in ongoing insolvency proceedings will have to
Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, today said it has put a new function on its portal
There has been a huge public outcry over how depositors’ money will be arbitrarily used to save dying banks. Safety of bank deposits has vaulted
By M R Umarji The Insolvency and Bankruptcy Board of India (IBBI) has framed regulations for insolvency resolution process which provide that liquidation value means
The Reserve Bank today asked banks and other financial institutions to share information about assets of creditors with information utilities registered under the insolvency law.
A parliamentary panel has suggested the government to extend the pre-GST duty drawback rates until June next year or till the revenue department comes out
The CAG audit said the special cells that were mandated with the task of identifying potential assessees were non- existent/non-functional in all the selected Commissionerates.
The continuing bankruptcy filings with the NCLT for some of the largest NPAs and the recent bank recapitalisation announcements are welcome steps towards resolving the
The Financial Resolution and Deposit Insurance (FRDI) Bill raises some very interesting issues for discussion. Banks are very unique entities. In case of non-bank corporates,
While it is true GST collections are falling short of estimates and that the system has not, as yet, been able to check tax evasion,
The Foreign Trade Policy (FTP) says that advance authorisation can be used for procurement from an Export Oriented Unit (EOU). It also says that EOUs
The Government must clear concerns around the FRDI Bill To say that there is panic among retirees, pensioners and those dependant on interest earned from
Already grappling with the Goods and Services Tax transition, businesses are now anxious about how the roll-out of e-way bills will pan out. Starting February