Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank’s
Month: March 2018
TDS scam: 447 companies robbed tax department of Rs 3,200 crore, says report–Business Today–06.03.2018
Tax season is yet to really pick up pace in the country but tax scams are already hogging the headlines. Last month it was a
Banks may have to take 60% haircut in large NPA cases under IBC: CRISIL–Business Today–06.03.02018
The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code
How to get your money back if you fall victim to online fraud–Business Today–06.03.2018
Narendra Pal, a government school teacher in Zirakpur near Chandigarh, got the shock of his life when he received an sms just before midnight that
Waning Interest in Stressed Assets- Business News–06.03.2018
Insolvency proceedings against the 12 big companies are the first test of the effectiveness of the Insolvency and Bankruptcy Code (IBC) in handling non-performing assets
E-way bill’s failure has led to chaos as states come out with their own rules–Business Today–06.03.2018
Harpreet Singh, Partner, Indirect Taxes, KPMG India, was on a post-Budget panel at a TV channel after the finance minister’s Budget speech on February 1.
[ IBC–Bank NPAs ] Acting in Haste- Business Today–06.03.2018
The world’s largest economy, the US, has seen a decline in bankruptcy momentum in the last decade. From 300 bankruptcy filings (with debt of $4,09,534
These 5 banks have highest number of wilful defaulters – The Financial Express–06.03.2018
These 5 banks have the highest number of wilful defaulters In the mid of February, a hidden fraud of Rs 11,400 crore, which rose to
I-T Dept probes Rs 10-bn tax refund fraud by govt and PSU employees | Business Standard News–06.03.2018
With less than a month left for revising income-tax (I-T) returns for 2016-17, the I-T department has unearthed a giant fraud in multiple cities, where
Who wants public sector bank reforms, anyway? | Business Standard Column–06.03.2018—–*****
Every few months, our public sector banks (PSBs) are in the news. One kind of news is about their huge losses. Some Rs 5 billion
LTCG tax: Gold, real estate may see revival over the next year | Business Standard Column–06.03.2018—–*****
The change in long-term capital gains (LTCG) tax on equity coupled to the related tax on equity-oriented funds could lead to significant changes in investment
RBI imposes penalty on Axis Bank, IOB – Business Line–06.03.2018
The Reserve Bank of India, it appears, is taking a serious view of violations of various regulations issued by it in the assessment of non-performing
If ‘jobs for all’ is not to be a distant dream – Business Line–06.03.2018—–*****
India’s demographic dividend is both an opportunity and a challenge. By 2020 its estimated average age of 29 and dependency ratio of 0.4 will be
‘No more tareek pe tareek’, says Bombay High Court | India News – Times of India–06.03.2018
“No more ‘tareek pe tareek’. Enough is enough,” an irked Bombay High Court said here while ruling out any more adjournments in a case, and
Interview–Making PSEs independent has been difficult: Bibek Debroy – The Economic Times–05.03.2018
The Punjab National Bank-Nirav Modi scam has placed banks, regulators and the government in an embarrassing spot. How do you view the developments? It is
Law fugitive tycoons will definitely hate–Economic Times–05.03.2018
The Cabinet’s nod for a new law that allows the government to take over all assets of loan defaulters and economic offenders who flee the
Loan, deposit rates alert: They are set to go up, says HDFC MD Aditya Puri – The Financial Express–05.03.2018
In a clear indication that the rate cycle has turned, loan and deposit rates are all set to go further up, HDFC Bank managing director
Across the aisle: Minimum government, maximum damage – The Financial Express–05.03.2018
The key post of deputy governor, RBI, in charge of the Department of Banking Supervision, has remained vacant since July. The most misused cliche about
Five PSBs on brink of being put under RBI’s prompt corrective action plan | Business Standard News–05.03.2018—–*****
Five public sector banks (PSBs), including Canara and Union Bank of India, are on the brink of being put under the Reserve Bank of India’s
PNB scam and NPA crisis: How to build capacity at Reserve Bank of India | Business Standard Column–05.03.2018—–*****
With the non-performing assets (NPA) crisis and the Punjab National Bank (PNB) crisis, all eyes are on Reserve Bank of India (RBI) reform. We should
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