Krugman said India’s growth story was incredible but it never got the attention it deserved because China hogged the world’s attention. Paul Krugman, the American
Day: March 17, 2018
Insolvency and Bankruptcy Code: IBC panel for allowing lenders to invoke personal guarantees – The Economic Times–17.03.2018
The panel reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that lenders to defaulting companies should be allowed to invoke personal guarantees, which in
TDS on rent and other tax tasks to complete before March 31 – The Economic Times–17.03.2018
There are just a couple of weeks left for the current financial year to come a close, which means that it will be the end
Redefining retirement: Senior citizens give back to the society, explore more job opportunities – The Economic Times–17.03.2018
Gone are the days when retired seniors simply withered away after a productive life at work for decades. Statistics show that retirees returning to the
India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea – The Financial Express–17.03.2018
India’s GST regime with “higher tax rates and a large number of tax slabs” is one of the most complex among 115 nations with a
Higher CAD puts India at risk from volatile FII flows – The Financial Express–17.03.2018
Thanks to decent FDI and portfolio flows into the bond markets, the capital account surplus so far has been robust. Although the capital account surplus
Bankruptcy Code: Finance professionals on a roll as NCLT cases surge | Business Standard News–17.03.2018
With 600-700 new NPA cases getting admitted into NCLT every month, demand for Resolution Professionals is on the rise; their number has more than doubled
PNB scam: Bank to focus on internal audits, recovery, small depositors | Business Standard News–17.03.2018
Punjab National Bank (PNB) has decided to increase the number of internal audits and increase focus on recovery of bad debts in the aftermath of
Who will buy the Rs 4.6 trillion bonds? Market bets on banks’ return | Business Standard News–17.03.2018—–*****
With banks staying out of the bond market, fearing rising mark-to-market losses, and foreign investors exhausting their investment limit, the question is who will buy
RBI needs to work with govt to take action against PSBs, says Rangarajan | Business Standard News–17.03.2018—–*****
C Rangarajan, former head of the country’s Reserve bank (RBI) says the regulator does have formal supervisory powers over government-owned lenders but also needs to
Cleaning The NPA Mess-Minhaz Merchant – BW Businessworld–17.03.2018
Non-Performing Assets (NPAs) are both a political and financial problem. Humongous NPAs were created during the UPA1 and UPA2 governments. But lax monitoring by the
The Overhaul Blueprint- Business News–Business Today–17.03.2018—–*****
Steps that government, regulators and banks need to take to make the banking system more competitive, efficient and less fraud-prone. State Bank of India (SBI),
When Haste is Waste- Business News–Business Today–17.03.2018
Punjab National Bank’s haste in announcing the Nirav Modi episode as a $1.77 billion scam-instead of the current outstanding $751 million (Rs 4887 crore)-may have
Bond not the Best- Business News–Business Today–17.03.2018—–*****
Rising bond yields and the resulting treasury losses are telling on profitability of banks. Yield on the benchmark 10-year government securities (G-sec) surged 67 basis
PNB fraud fallout: State-owned bank officials attend risk management workshop–Business Today–17.03.2018—–*****
In the wake of the Rs 13,000 crore PNB fraud, this week saw senior officials of all public sector banks meeting up in the capital
Finance Ministry returns Urjit Patel’s volley saying RBI has enough powers: Report–Business Today–17.03.2018—–*****
While the country’s biggest banking fraud with the Punjab National Bank at its epicentre is still unravelling, two major questions are yet to be fully
cyber attacks: India’s cyber security chief avoids netbanking | India News – Times of India–17.03.2018
Even as the government promotes more digital transactions, the country’s cyber security chief Gulshan Rai said on Thursday he rarely does any internet banking himself
cyber security: Age limit for going online? How threat to children can be tackled | Delhi News – Times of India–17.03.2018
If there can be an age limit for driving a car, then why shouldn’t there be one for using the internet?” This was one of
Cyber crime becoming industry, may occur ‘very often’: Rajnath Singh | India News – Times of India–17.03.2018
Home Minister Rajnath Singh on Wednesday said cyber crime has become an industry globally and that such offences may occur “very often” due to the
current account deficit: Current Account deficit widens to 2% of GDP on higher oil import bill – The Economic Times–17.03.2018—–*****
The trade deficit had hit a 56-month-high in the month of January before narrowing in the month of February. Current account deficit (CAD)- excess of
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