Chief economic adviser Arvind Subramanian on Saturday said the country has failed to recognise the importance of regulation in the banking industry. Though the banking
Day: February 24, 2018
IGST rules change again for export | Business Standard Column–24.02.2018
Last month, the government amended Rules 89 and 96 of the Central Goods and Services Tax (CGST) Rules, 2017, through notification 3/2018-GST dated January 23,
Bank vulnerabilities: PNB fraud exposes failure of systems and oversight | Business Standard Editorials–24.02.2018
Punjab National Bank (PNB), owned by the Union government, has admitted that fraud of Rs 114 billion has occurred within a Mumbai branch. False letters
GSTR-3B filing | GST: Government simplifies GSTR-3B filing, here’s what has changed–Economic Times–24.02.2018
The government on Wednesday came out with a simplified version of GSTR-3B, making it more user-friendly amidst indications that it may possible be used even
Indians will get loans based on data, not collateral: Nandan Nilekani – The Financial Express–24.02.2018—–*****
India is moving in a direction where lenders will use data like GST based “business flows” or credit payment history, instead of collaterals, to provide
Worrying trend: India’s export woes have little to do with global demand | Business Standard Editorials–24.02.2018
Worrying signals are flashing for Indian exports, as growth slowed to 9 per cent in January 2018 from 12.3 per cent in December 2017, even
Bankruptcy: IBBI asks IPs to disclose their relationship with parties | Business Standard Column–24.02.2018
After closely monitoring the functioning of insolvency professionals (IPs) over the last one year, the Insolvency and Bankruptcy Board of India (IBBI) has started streamlining
TReDS coverage must be expanded beyond top-rated corporate buyers: Crisil | Business Standard News–24.02.2018
The government has announced measures in the Union Budget for 2018-19 to strengthen the Trade Electronic Receivable Discounting System (TReDS) platform, which would enable micro,
HDFC’s Parekh says time ripe to support first-time home-buyers – Business Line–24.02.2018
HDFC Chairman Deepak Parekh on Tuesday said India should look to increase its mortgage-to-GDP ratio from the current 9 per cent to 15 per cent
GST blues for exporters – Business Line–24.02.2018
Refund delays, with respect to IGST and input tax, have hit small units More than eight months after the introduction of GST, exporters remain cash-strapped
Rotomac case: Allahabad DRT indicted banks of gross misconduct and negligence | business news | Hindustan Times–24.02.2018
In a scathing indictment, the Allahabad Debt Recovery Tribunal (DRT) had last year accused bankers to the Rotomac Global group of gross misconduct and negligence
GST Network simplifies GSTR -3 filing process | business news | Hindustan Times–24.02.2018
In a move to make filing of returns taxpayer friendly and error-free, the Goods and Service Tax Network (GSTN), the firm that processes tax returns
Magnetic Maharashtra:editorial|आर्थिक नैराश्याला छेद – editorial in Marathi, Maharashtra Times
आर्थिक नैराश्याला छेद राज्य सरकारने आयोजित केलेल्या मॅग्नेटिक महाराष्ट्र या गुंतवणूक परिषदेला मिळालेला अभूतपूर्व प्रतिसाद हा सध्या देशभरात आर्थिक जगतात असलेल्या नैराश्याच्या वातावरणावरील चोख उताराच
GST payment: Taxpayers can check return filing status of suppliers on GSTN portal – The Economic Times–24.02.2018
Taxpayers can now check the last return filing status of their suppliers on the GST Network (GSTN) portal. GSTN, the company developing the technology backbone
PNB fraud: India’s financial destiny is at the crossroads: Uday Kotak – The Economic Times
This is a problem created over several years, cobwebs have settled, everything was justified on the grounds of public interest. As Asia’s richest banker, Uday
Worrying trend: India’s export woes have little to do with global demand | Business Standard Editorials–24.02.2018
Worrying signals are flashing for Indian exports, as growth slowed to 9 per cent in January 2018 from 12.3 per cent in December 2017, even
T N Ninan: Flat-lined exports are impeding India’s economic momentum | Business Standard Column
Back in 2011-12, India’s goods exports – excluding mineral fuels (oil and coal) because their sharp price swings distort the picture – totalled $249 billion.
PNB fraud: Who’s liable for PNB scam and why multiple audits failed to raise an alarm? | Business Standard Column–24.02.2018
Punjab National Bank in an FIR filed with the Central Bureau of Investigation submitted that its in-house investigation had not found any role of chartered
PNB fraud fallout: Govt may revive plan for real-time default disclosures | Business Standard News–24.02.2018
India’s finance ministry is in talks with the market regulator about requiring publicly traded companies to promptly report any missed interest or installment payments on
Exim Bank, UNDP ink pact to extend financial support to MSMEs in N-E – Business Line–24.02.2018
Export-Import Bank of India (Exim Bank) on Friday said it has signed an agreement with the United Nations Development Programme (UNDP) for financing a project
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