Has RBI, in its search for easy answers, opted for a quick-fix solution that may endanger our hard-won, long-term financial stability? Central banks are not
Day: May 7, 2018
Bank Deposit: Growth in bank deposits falls to five-decade low
Bank deposit growth fell to a five-decade low in fiscal year ended March 2018 as the demonetisation bonanza withered away and the lure of other savings instruments
gst: Companies get scrutiny notices for mismatch in GST returns – The Economic Times
As per an analysis, 34% of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return (GSTR-3B). GST officers have started sending
Heralding manufacturing growth: SMEs in India need to move from automation to autonomy – The Economic Times
By Sunil Mathur The ‘Make in India’ initiative aims to boost the contribution of the manufacturing sector from 15% to 25% of the GDP, by 2022.
Some good work by GST Council, some bad
The Goods and Services Tax (GST) Council has done well to clear a simple filing system for businesses to claim input tax credit. Phasing in
GST alert: Companies start getting notices for mismatch in tax returns, underpayment; details here – The Financial Express
In one notice issued by Gujarat GST commissionerate on May 4, taxpayers have been asked to explain the reason for “discrepancies” in return GSTR-3B and
Will be surprised if ArcelorMittal ineligible for Essar Steel bid, says LN Mittal – The Financial Express
Steel tycoon L N Mittal today said he would be surprised if ArcelorMittal, the world’s largest steelmaker, will not be eligible to participate in the
Binani Cement: Dalmia Bharat moves NCLAT against NCLT direction – The Financial Express
Binani Cement has a manufacturing capacity of 11.25 million tonnes of cement per year with integrated plants in India and China, and grinding units in
How safe are digital transactions? – The Financial Express
The digital payment companies should address this problem by providing a way to differentiate payments to business transactions and transfers to individuals. The last couple
For GST collections to keep growing | Business Standard Column
The government says Goods and Services Tax (GST) collection in March had crossed Rs 1.03 trillion. The finance minister called it a landmark achievement. We
What next for digital marketing? | Business Standard Column
Over the past half-decade, we’ve witnessed the hubbub any large-scale Indian event brings, in this case the long-heralded arrival of ‘digital’. Some feared, like Chief
Govt may redefine ‘cash flow’ to aid ratings of infrastructure firms | Business Standard News
The government has given a sympathetic hearing to industrial groups that are unable to sell banks their debt paper with a rating lower than double A. The
Essar Steel is a test case for the new insolvency law: Lakshmi Mittal – Business Line
ArcelorMittal, the world’s largest steel company, is leaving no stone unturned in its bid to acquire Essar Steel, as it fights it out with the
Why India Inc is selling more but profiting less – Business Line
Will rising commodity costs and higher interest rates trip India Inc’s fledgling earnings recovery? That seems to be a worry, going by the March 2018
The economy suffers from a trust deficit – Business Line
A major reason for the growth slowdown in India since 2011 is the atmosphere of suspicion and mistrust. As the economy started creating wealth, there
The economy suffers from a trust deficit – Business Line
A major reason for the growth slowdown in India since 2011 is the atmosphere of suspicion and mistrust. As the economy started creating wealth, there
Form and substance – Business Line
Nearly a year since the introduction of GST, the filing of monthly returns remains a rigmarole for some, and a nightmare for others. In an
No bias in MPC to raise interest rates; decision should be guided by hard data: Garg – Business Line
The Government sees no bias in the RBI-led monetary policy committee towards raising interest rates, and the decisions should be guided by hard data, Economic
NCLT suggests IBBI review insolvency code regulations – Times of India
The National Company Law Tribunal (NCLT) has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they
GST’s complicated – The Hindu
With collections from the goods and services tax peaking at over ₹1 lakh crore in April, industry hoped the GST Council would make life simpler