Demonetisation was not a good idea and the time should have been utilised instead to fine-tune the goods and services tax (GST) before it was
Month: December 2017
Insolvency ordinance may lead to greater cases of liquidation for SMEs – The Economic Times–22.12.2017
The new insolvency ordinance is expected to create substantial problems for SMEs and most may be liquidated if the revival plan does not work out.
Consumer Protection Bill: Cabinet approves Consumer Protection Bill – The Economic Times–21.12.2017
Focused on faster redressal of consumer grievances and to ensure stringent action against unfair trade practices, the Cabinet approved the introduction of the Consumer Protection
Companies Amendment Bill: Companies Amendment Bill passed: Creditors of insolvent cos can get shares at discount – The Economic Times–21.12.2017
The Companies Amendment Bill passed by Parliament has brought relief for creditors involved in insolvency proceedings allowing them to acquire shares of insolvent company at
Bankruptcy: More changes to bankruptcy code likely in Budget – The Economic Times–21.12.2017-R
The government will fix a few urgent problem areas in the insolvency ordinance when it is brought to Parliament in the ongoing session but is
RBI Governor Urjit Patel flagged concern over rising oil prices at MPC meet – The Financial Express–21.12.2017
RBI Governor Urjit Patel flagged concerns over rising global oil prices and uncertainties on fiscal and external fronts in the meeting of Monetary Policy Committee
Why FRDI Bill is no anti-depositor – Everything explained here – The Financial Express–21.12.2017
Though the government has issued a clarification, not too many seem convinced by it, and the dominant narrative remains one of how, in the event
Do we need an FRDI Bill? | Business Standard Column–21.12.2017
Recently, there has been a lot of noise in the public domain regarding the proposed Financial Resolution and Deposit Insurance (FRDI) Bill. The resolution method
Upfront cash criteria to bid for stressed assets not feasible: Bidders | Business Standard News–21.12.2017
The new evaluation criteria laid down by lenders for stressed assets have put bidders in the bind as more weight is being given to upfront
How to handle bank failure: It’s a question of trust | The Indian Express–21.12.2017
Question: It is fair to say that no depositor in any commercial bank in India has lost money since the failure of the Palai Central
Fiscal deficit: Bringing revenue deficit to zero far more important than fiscal deficit: Rajiv Kumar, VC, Niti Aayog – The Economic Times–20.12.2017
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
State Bank Of India: Bidders for stresed assets have to provide funding source, cheques – The Economic Times–20.12.2017
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
GSTN: GSTN brings in option for monthly, quarterly filing of forms – The Economic Times–20.12.2017
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
FRDI bill: Why India needs a new legal framework to prevent bank failures – The Economic Times–20.12.2017
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
Irrelevance of Liquidation Value in Insolvency & Bankruptcy Code–20.12.2017
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
Insolvency and Bankruptcy Code: RBI asks banks, financial institutions to share info about assets of creditors with information utilities – The Financial Express–20.12.2017
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.
Extend pre-GST duty drawback rates till June: Parliamentary panel – The Financial Express–20.12.2017
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
Government recovered less than 9% service tax arrears in FY 2017, says CAG – The Financial Express–20.12.2017
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.
Stressed assets: Why throwing out promoters should not mean liquidating companies – The Financial Express–20.12.2017
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
FRDI Bill: In its current form it will throw up challenges for every banking segment – The Financial Express–20.12.2017
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,
aniltikotekar4sme.com 