Anil Agarwal, chairman of the Vedanta Group told BloombergQuint that the Vedanta Group would look to complete the process of taking over Electrosteel Steels very
Day: April 17, 2018
SBI: Cash crunch artificial, more money in circulation than before DeMo: Rajnish Kumar, SBI–18.04.2018
Cash crunch situation overrated, dispensing Rs 33K cr cash daily: SBI Chairman In an interview with ET Now, Rajnish Kumar, Chairman, SBINSE -0.34 %, says the bank had
Motor insurance: Why 3rd party cover is not enough for your car – The Financial Express–18.04.2018
From this month, the mandatory third-party premium for cars with engine capacity of less than 1,000 cc has been reduce from Rs 2,055 to Rs
RBI may give freer rein to Rupee as US puts India on monitoring list for currency manipulation – The Financial Express–18.04.2018
India’s addition to the U.S. Treasury’s monitoring list for currency manipulation makes it more likely the Reserve Bank of India will give freer rein to
RBI must not relax new rule – Here is why – The Financial Express–18.04.2018
Ever since the Reserve Bank of India (RBI) came up with stringent rules for identifying and dealing with stressed exposures, both banks and the government
Protecting the insolvency process | Business Standard Editorials–18.04.2018
In February, the Reserve Bank of India (RBI), which serves as the banking regulator and is thus overseeing the bank asset clean-up process, had announced stringent norms
Indian currency manipulation | Business Standard Column–18.04.2018—–*****
The US Treasury recently placed India on the watchlist on the issue of currency manipulation. Two of its three tests make no sense, but there are grounds
Traders opting for composition scheme need not file certain details: FinMin | Business Standard News–18.04.2018
The finance ministry on Tuesday said traders who have opted for composition scheme need not file certain details in return form since the reverse charge
GoM to meet businesses, experts on GST return simplification today | Business Standard News–18.04.2018
The ministerial panel, under Bihar Deputy Chief Minister Sushil Modi, on Goods and Services Tax (GST) return simplification will meet tax experts and representatives from industry on Tuesday. As
GST to cut construction costs, not housing prices: report – Business Line–18.04.2018
Contrary to common perception, Goods and Service Tax (GST), will not bring down housing prices even though it will cut construction costs, a report released
GST regime: Compliance has improved, but still has some way to go – Business Line–18.04.2018
Nine months after the Goods and Services Tax was ushered in, taxpayers are beginning to enter the comfort zone in filing their returns. But experts
Currency games – Business Line–18.04.2018
There are no valid grounds for the US to accuse India of being a currency manipulator By naming India as one among six countries whose
Aadhaar data breach can influence election results: Supreme Court–18.04.2018
Senior counsel, Diwedi submitted that technology is advancing and we have limitations of understanding such developments. Justice Chandrachud told the counsel ‘merely because of limitations
Divided we fall: on the 15th Finance Commission – The Hindu–18.04.2018
Prime Minister Narendra Modi thinks vested interests are behind the “baseless” allegation that the terms of reference of the 15th Finance Commission are biased against certain States
[Banks] Brief respite – Business Line–18.04.2018
The RBI’s recent dispensations will provide only a brief respite, while doing little to restore confidence in the banking system What was to be a
The great bank fiddle | The Indian Express–17.04.2018—–*****
It is now clear that India’s current banking crisis is a child of multi-decade action and inaction by the RBI and the Department of
RBI may loosen NPA norms to let banks breathe easy – The Economic Times–17.04.2018
The Reserve Bank of India (RBI) may relax some of the stringent norms for treatment of bad loans that it announced in February without diluting their spirit,
IDBI Bank: NCLT admits S Kumars for insolvency proceedings–Economic Times–17.04.2018
The Mumbai chapter of the National Company Law Tribunal (NCLT) last week admitted textiles and apparel company S Kumars NationwideNSE 20.00 % for insolvency proceedings after the state-owned IDBI
Alok Industries: Alok lenders reject Reliance Industries-JM Financial ARC’s revised offer – The Economic Times–17 04 2018
Lenders to Alok IndustriesNSE -9.76 % have rejected a revised offer by Reliance Industries-JM Financial ARC to acquire the bankrupt company, implying that the borrower may head
RBI should stay firm on bankruptcy norms–Economic Times–17.04.2018
The finance ministry reportedly wants the Reserve Bank of India (RBI) to ease the norms for bad loans, ostensibly to prevent mass corporate distress. This
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