At the moment, few things seem capable of dissipating the gloom that has descended on India’s bond markets. In its latest effort to cheer up the market,
Day: May 8, 2018
indian economy: GST, bank balance sheet problems pushed India’s economic growth downward but recovery expected: UN – The Economic Times
The Goods and Services Tax (GST) as well as protracted issues of corporate and bank balance sheet problems pushed India’s economic growth downward in 2017
Rupee: What if the rupee hits 70 vs US dollar? Here’s how your life will change – The Economic Times–08.05.2018
What if the rupee hits 70? Rupee sank below the 67 mark today for the first time since February 2017. Experts have been predicting further depreciation. An
Insolvency and Bankruptcy Code: Government considers time limit for withdrawal of cases under IBC ; The Economic Times–08.05.2018
Companies referred to bankruptcy courts may not be allowed to leave the process once bids have been invited or a resolution plan has been accepted. The government
Power Min, RBI meet on NPA norms postponed – The Economic Times
Power ministry’s meeting with Reserve Bank of India on the revised RBI norms for bad loans scheduled for today has been postponed. “It (the meeting) has been postponed. (The meeting will
Insolvency: Promoters submit Rs 100 bn revival plan for Jaypee Infratech | Business Standard News–08.05.2018
Jaypee group chairman Manoj Gaur made a fresh effort to gain back control of Jaypee Infratech — a real estate company for which another firm has already been named the
Binani Cement lenders to meet on Wednesday to mull UltraTech revised offer | Business Standard News–08.05.2018
The Committee of Creditors (CoC) of Binani Cement is likely to meet on Wednesday this week to consider the revised offer of Rs 79.60 billion from UltraTech Cement for
Oil politics: By freezing fuel prices, govt is undermining its own policy | Business Standard Editorials
Crude oil prices have risen to their highest level since late-2014, pushed by a deepening economic crisis in Venezuela and a looming decision on whether the US
Don’t complicate GST | Business Standard Editorials
On Friday, the Goods and Services Tax Council, the body empowered to take final decisions with regard to the indirect tax regime, ended yet another meeting. While
From canteen workers to arbitration, here are the key court orders | Business Standard Column–08.05.2018
If an insurance policy states that repudiation of a claim or denial of the insurer’s liability cannot be referred to arbitration, the insured person cannot invoke arbitration
Input tax credit not admissible for Krishi Kalyan Cess carried forward | Business Standard News
Q) We had accumulated credit of Krishi Kalyan Cess (KKC) that we carried over to the GST input tax credit by filing TRAN-1 return. Our CA, who told us that we can
Supplier to merchant exporter can claim refund of unutilised credit | Business Standard News
We are supplying to merchant exporter and charging 0.1 per cent IGST. Our ITC is accumulated. Can we file refund application on the grounds of inverted tax
New GST returns may remove the leeway given to companies with less than Rs 1.5 cr turnover – Business Line–08.05.2018
This guideline will, however, help the system move towards invoice matching, which can check tax evasion The new single-page return and the transition process approved
Oil hangover can hit India’s macro stability – Business Line
If the revenue target is met by current oil prices any increase should be absorbed by the government by reducing taxes. International prices of crude
Insolvency regulator shows teeth – Business Line–08.05.2018
Sending a strong signal, insolvency regulator IBBI’s Disciplinary Committee (DC) has suspended the registration of an insolvency resolution professional (IRP) Bhavna Sanjay Ruia for one
Strong dollar, oil keep rupee under pressure – Business Line–08.05.2018
The Indian rupee is continuing to get beaten down. Though the currency opened the truncated week on a positive note, it failed to retain the
Falling Re, rising crude reignite inflation fears – Business Line
Fiscal deficit to face pressure; interest rates may harden New Delhi, May 7 The Narendra Modi government approaches its fourth anniversary on a distinctly inauspicious
Indian rupee: Rupee at 15-month low: What’s causing the downturn – Times of India
The rupee on Tuesday fell 7 paise to trade at a fresh 15-month low of 67.20 against the US dollar in early trade. The currency
Price freeze: on high fuel prices – The Hindu–08.05.2018
The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday,
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