The government has refuted exporters’ claim that Rs. 20,000 crore of goods and services tax (GST) refund is pending, and said there has been no
Month: May 2018
RCom | Jio: NCLAT puts RCom’s insolvency on hold, allows lenders to complete deal with Jio–31.05.2018
Reliance Communications agreed to pay Rs 550 crore to Ericsson to settle an eight-month legal dispute over dues, paving the way for the Anil Ambani-controlled
ultratech cement: Have got LoI from Binani lenders to acquire it, says UltraTech – The Economic Times–31.05.2018
The lenders of Binani Cement have issued letter of intent to UltraTech after approving its bid to acquire the company under the bankruptcy code, Aditya Birla group
GST–: Exporters GST refund: Second phase of fast track clearance drive from Thursday – The Economic Times–31.05.2018
With an estimated Rs 20,000 crore exporters’ refund still stuck, the government will launch the second phase of refund fortnight beginning May 31 to fast-track
E-way Bill: Intra -state E-way Bill: 7 things to keep in mind from June 3–Economic Times–31.05.2018
By Tejas Goenka On April 1, 2018, the e-way bill system for the inter-state movement of goods was rolled-out across the nation. In parallel, it was decided
Electrosteel: NCLAT allows Vedanta to make Rs 5,320-cr payment upfront – The Financial Express–31.05.2018
The National Company Law Appellate Tribunal (NCLAT) on Wednesday permitted Vedanta, promoted by Anil Agarwal, to make an upfront payment of Rs 5,320 crore to
NCLAT asks Tata Steel if it would pay Bhushan Steel’s GST, income tax dues | Business Standard News–31.05.2018
The company law appellate tribunal on Wednesday asked Tata Steel if it will clear the statutory dues like income tax and GST of Bhushan Steel, a company it
Cheque case, right to appeal, corruption PILs: Here are key court orders | Business Standard Column–31.05.2018
SC steps in to speed up cheque cases The Supreme Court has called for reports from all high courts in the country regarding the implementation
Petrol under GST? – Business Line–31.05.2018
The time is not propitious Ever since the rollout of GST on July 1, 2017, there have been talks about bringing petroleum products under the
India’s exports may jump 20% in current fiscal 2018-19 to $350 billion – The Financial Express–30.05.2018
India’s exports are expected to record a growth of about 15-20 per cent and touch USD 350 billion in the current fiscal on account of
1 year of RBI’s ‘Dirty Dozen’: How Modi’s IBC crusade on massive NPA began and created history! – The Financial Express–30.05.2018
Modi’s IBC crusade: Last June, the Reserve Bank of India (RBI) released a list of 12 companies constituting 25% of India’s total NPAs (Non-Performing Assets)under thename ‘Dirty
Sending a signal: RBI should consider raising rates, even if by 25 bps | Business Standard Editorials–30.05.2018
The Reserve Bank of India’s monetary policy committee (MPC) will meet for three days from June 4 to examine the direction of monetary policy and interest rates.
RCom breathes easy as tower arm clears hurdle – Business Line–30.05.2018
Reliance Communications’ efforts to sell its assets — part of its plan to pare debt — received a boost with subsidiary Reliance Infratel (RITL) reaching
Resolution across borders – Business Line–30.05.2018
The bankruptcy proceedings of Nirav Modi’s entities in the US highlight the urgent need for a robust cross border insolvency law Even as banks taste
Bond rush – Business Line–30.05.2018
Retail NCD offers are picking up, but investors don’t seem to fully appreciate risks Retail bond offers are showing renewed buoyancy after muted activity for
Wrongfully penalised – Business Line–30.05.2018
When banks err, shareholders pay the price The Reserve Bank of India, in an order dated May 14, imposed a penalty of ₹5 crore on
Settle dispute mutually by 3 pm today: NCLAT to RCom, Ericsson | The Indian Express–30.05.2018
This suggestion was proffered by the NCLAT bench when in the course of the hearing RCom offered to make an upfront payment of Rs 500
GST: Is the world simpler than it was before GST? This jury is in – The Economic Times–29.05.2018
The World Bank’s March 2018 version of ‘India Development Update’ (goo.gl/uig3HT) has some critical remarks on the goods and services tax (GST). But it isn’t
Insolvency and Bankruptcy Code: Stakeholders of Tecpro, Educomp accuse promoters of flouting IBC rules – The Economic Times–29.05.2018
In two separate cases, stakeholders have complained of promoters abusing the Insolvency and Bankruptcy Code (IBC) to regain control of their lost assets even as government is
GST: Sale of ‘going concern’ exempt from GST: AAR – The Economic Times–29.05.2018
The Karnataka bench of the AAR gave its ruling based on an application filed by Rajashri Foods Pvt Ltd which wanted to sell one of its units along with
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