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
Month: December 2017
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
NPA mess: Govt asks banks to reveal asset quality review impact | Business Line
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
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
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