The Financial Resolution and Deposit Insurance Bill does not, contrary to social media consensus, advocate that banks in crisis be recapitalised by bailing in deposits.
Month: December 2017
Smarten the budget: Fiscal loosening is not reform, boosting productivity and slashing red tape is–Times of India–28.12.2017
In a few weeks the Narendra Modi government will unveil its last full budget. It will be presented on the heels of a disruptive year
Government may breach 3.2% fiscal deficit target for first time in four years; here’s why – The Financial Express–28.12.2017
The Narendra Modi government is heading for a likely breach of fiscal deficit target of 3.2% of the GDP on the back of slowing GST
GST collections fall in November: Does government have a problem at hand? Maybe not – The Financial Express–28.12.2017
The November goods and services tax (GST) collections declined to Rs 80,808 crore, down from around Rs 83,350 crore revenue collected in October. The GST
IBC–Personnel shortage: IBBI asks IIMs, law schools to promote insolvency research – The Financial Express–28.12.2017-R
Faced with an urgent need to bolster a nascent insolvency eco-system through a robust pool of professionals that would handle default cases involving billions of
Sorting out GST issues of exporters | Business Line–28.12.2017
The Government has started refunding the GST paid by the exporters. This money is refunded under the zero rating principle to promote exports. But the
GST–eWay Bill–Doesn’t fit the bill | Business Line–28.12.2017
GST’s e-way bill system can hit flow of goods When GST went live on July 1, it was announced that the facility for online generation
RBI’s data on banks’ bad loans disturbing–Deccan Chroicle–28.12.2017
The latest Reserve Bank data on the precipitous drop in recovery of bad loans by banks is of concern as in simple terms it means
Aadhaar-linking: heed this cautionary tale–28.12.2017
The UIDAI action should serve as a warning to all entities which have access to Aadhaar data. The Unique Identification Authority of India (UIDAI) took
GST collections dip for second month in Nov to Rs 80,808 rore – The Economic Times–27.12.2017
The GST collections slipped to their lowest in November as rates were cut on dozens of goods to make the new national sales tax regime
‘DeMon, GST made lending to SMEs easier’ – The Economic Times–27.12.2017
Aditya Birla Finance (ABFL) — the lending arm of Aditya Birla Capital (ABCL) — plans to leverage its recently acquired triple A rating to grow
Falling GST revenue: Taxing times ahead! CBEC asks officials to go after non-filers – The Financial Express–27.12.2017
CBEC chairperson Vanaja N Sarna asked tax officials “to ensure non-filers of GSTR-3B (summary returns) are brought into the fold and made to file these
CRISIL SME Tracker: MSMEs offer working capital opportunity for lenders | Business Standard News–27.12.2017
Healthy orders from original equipment manufacturers (OEMs) are increasing the working capital requirement of micro, small and medium enterprises (MSMEs) in the auto component sector,
Bankruptcy code: Baby-steps towards recovery of bad loans | Business Line–27.12.2017
A lot of hope is pinned on the Insolvency and Bankruptcy Code (IBC) to provide the much-needed cure to all the ills in the banking
Bankruptcy: Individual insolvency regime to be operational in phased manner: IBBI charirperson MS Sahoo – The Economic Times–26.12.2017-R
Steering the “smooth and fast- paced” journey of the insolvency law, the IBBI is now looking to put in place the regime for individual insolvency
Banks, too, need growth to sustain–Economic Times–26.12.2017
The RBI’s financial stability report for December 2017 brings more bad news than good. The bad news is real: non-performing assets are rising as a
Grim forecast | Business Standard Editorials–26.12.2017
The government’s move to recapitalise public sector banks to enable them to lend afresh and institutionalise a system to reduce stressed loans through time-bound Insolvency
What is the mechanism for publishing rate in a hotel according to GST law? | Business Standard News–26.12.2017
While filing the summary return in Form GSTR-3B, I observed there was a list of questions. Am I required to answer all before filing? Upon
Tackling the large accounts under IBC is proving a challenge | Business Line–26.12.2017
With over 400 cases admitted by the National Company Law Tribunal (NCLT) under the IBC, all eyes are on the first set of 12 big
Commerce Ministry mulls refund for exporters via single window | Business Line–26.12.2017
Seeking to exempt exporters from paying IGST The Commerce Ministry is looking at ways in which the coming Budget can provide further relief to exporters
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