The country’s biggest lender reducing lending rates by 30 basis points points to three things: one, the general rule of demand and supply works in
Month: January 2018
Promoters now realise they aren’t irreplaceable: Sunil Srivastava, SBI – The Economic Times–03.01.2018
Bankers extended themselves in the past, even in matters beyond their realm, in trying to find solutions to problems faced by the promoters. NCLT is
Need to end fiscal targeting obsession- Business News–03.01.2018
Since NDA government took over the rein of power in 2014, successive budgets have shown definite resolve of the government to reduce fiscal deficit figures
Bad loans to remain a thorn in Indian banks’ side for now–Business Today–03.01.2018
As we enter 2018, it is clear that we are not anywhere near solving the vexed non-performing asset (NPA) problem that has plagued the Indian
IBC may end NPAs problem, but won’t help banks get their money back–Business Today–03.01.2018
As the 400 plus cases under the IBC at the NCLT wind their way through the various stages of the resolution process, banks are increasingly
Arun Jaitley rules out one GST rate for all items | Business Standard News–03.01.2018
The government on Tuesday ruled out having a single rate for all commodities under the Goods and Services Tax (GST) saying items like food products
Cheque-bounce case: New Bill in Lok Sabha to provide for interim compensation | Business Line–03.01.2018
The interim compensation can be an amount not exceeding 20 per cent of the amount of the cheque, according to the Statement of Objects and
Banks’ consortium lending: Diligence report in for a makeover | Business Line–03.01.2018
Diligence reports — mandated by RBI in 2008 for consortium lending by banks — are in for a makeover if the central bank accepts an
No shortcut to reform | Business Standard Editorials–03.01.2018
India’s archaic and restrictive labour laws have long been a drag on its economy, preventing it from reaching its full potential. Reform is overdue, but
Bank deposits: FRDI Bill: Worried HNIs dial money managers over bail-in clause – The Economic Times–02.01.2018
In the past month, there has been a public hullabaloo about whether bank deposits are safe and whether depositors’ money would be used to bail-in
GST Returns: Government relaxes norms for rectification of returns under GST – The Economic Times–02.01.2018
The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns – GSTR-3B – and adjust tax liability, a move that will help
Bankruptcy: Identify source of funds for dissenting creditors: IBC Amendment – The Economic Times–02.01.2018
A dissenting creditor, who may have disagreed with other lenders to draw a resolution plan with a common idea will now be assured of liquidation
bankruptcy board of india: IBBI registration must for asset valuations under bankruptcy code – The Economic Times–02.01.2018
Professionals carrying out asset valuations under Companies Act and Insolvency and Bankruptcy Code will have to get themselves registered with Insolvency Bankruptcy Board of India
Core sector grows 6.8% in November – The Economic Times–02.01.2018
A steep rise in output of cement and steel pushed up the growth of the core sector to a 13-month high of 6.8% in November
GDP growth to pick up in 2018; oil, inflation risk factors – The Economic Times–02.01.2018
It will likely take India a few years to return to GDP growth levels of 7.5 per cent and above. With the effects of demonetisation
Tax compliance: The invoice of reason–02.01.2018
By Najib Shah The tax gap — the difference between what ought to be collected as tax revenue and what actually is collected — has
GST, a tumultous ride through 2017; from launch to allaying taxpayers’ concerns, all you need to know – The Financial Express–02.01.2018
After spending nearly a decade in the workshop, the Goods and Services Tax (GST) completed six months of existence by 2017-end. However, the new indirect
GST 2.0: If 18 pct and 12 pct baskets merge, it would be transformative for economy – The Financial Express–02.01.2018
GST 2.0: If 18 pct and 12 pct baskets merge, it would be transformative for economy The year 2017 will be forever etched in Indian
IBC process: In 2018, Centre must plug all loopholes to keep dodgy promoters out – The Financial Express–02.01.2018
IBC process: In 2018, Centre must plug all loopholes to keep dodgy promoters out No year in recent times has been as eventful for corporate
‘Several issues require the urgent attention of DGFT’ | Business Standard News–02.01.2018
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
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