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
Day: May 29, 2018
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
For SMEs, meaningful relationships are more important than marketing – The Economic Times–29.05.2018
The Internet is undergoing the third wave, which is all about meaningful communication. Most businesses will realize the power of creating trust with honesty, discipline
Aye Finance claims to have disbursed 60,000 loans to MSMEs – The Economic Times–29.05.2018
Gurgaon based digital lending startup Aye Finance claims to have disbursed 60,000 loans since its inception in 2014 to micro small and medium enterprises giving out a total of
State-owned banks, reinvent yourself–Economic Times–29.05.2018
Banking frauds have reportedly cost nationalised banks as much as Rs. 25,775 crore, in the last fiscal alone. It is also a fact that public
GST alert: No Goods and Services tax on agriculturists; check FinMin details – The Financial Express–29.05.2018
The finance ministry today clarified that renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry is exempt from the GST.
Petrol price can be cut Rs 2.65 per litre if states want; but what about Centre? Read what this report says – The Financial Express–29.05.2018
States can cut petrol price by Rs 2.65 per litre and diesel by Rs 2 a litre if they decide to forego potential additional gains out of
Modi’s IBC punch: New era for banking, SBI ex-boss Arundhati Bhattacharya says; but there’s a challenge – The Financial Express–29.05.2018
Modi’s IBC punch: With Bhushan Steel’s Rs 36,400 crore resolution under the IBC, paving the way for many more cases, former SBI Chairman Arundhati Bhattacharya said
Evaluating the IBC – The Financial Express–29.05.2018
While the conclusion of the sale of Bhushan Steel to Tata Steel via the Insolvency and Bankruptcy Code (IBC) process is confirmation that the insolvency process is
RBI shows who’s the boss – The Financial Express–29.05.2018
Monitoring the behaviour of the rupee, relative to the dollar index (DXY), over the past several months provides some insight into RBI’s current FX policy. From
GST taxing on inter-branch transactions – The Financial Express–29.05.2018
Santosh Dalvi With effect from July 1, 2017, India implemented a landmark tax reform in the form of GST, bringing about a paradigm shift in
Insolvency: Binani Cement lenders vote for UltraTech’s Rs 79.60 bn offer | Business Standard News–29.05.2018
The Committee of Creditors (CoC) of Binani Cement on Monday voted in favour of UltraTech’s Rs 79.60 billion offer. All 100 per cent votes were cast in
Electrosteel sale status quo hurting banks, lift stay: Vedanta to NCLAT | Business Standard News–29.05.2018
Vedanta Ltd on Monday asked the National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over the sale of debt-ridden Electrosteel
SBI tackles the problem | Business Standard Editorials–29.05.2018
State Bank of India (SBI) recorded a historically high quarterly loss in January-March 2017-18, according to the results released last week. The loss, of Rs 77.18
Bad loans: Are we celebrating the outliers? | Business Standard Column–29.05.2018
To the loud, self-congratulatory tweets of policymakers and politicians, supported by the media (which is quick to declare a few data points as a major
CRISIL SME Tracker: Working capital gap widening for MSMEs | Business Standard News–29.05.2018
CRISIL’s analysis of nearly 1,700 MSMEs (annual turnover up to Rs 2.5 billion) shows that their working capital gap — or the difference between current assets and current liabilities (excluding short-term bank borrowings)
The decline of the concept of GDP – Business Line–29.05.2018
GDP number rarely reflects the true picture in any sector and the discrepancy can be significant The GDP growth rate is probably the most commonly
Centre notifies rules for execution of court order against economic offenders – Business Line–29.05.2018
The Centre has notified procedures for execution of court order to bring back economic fugitives. This will help in serving and executing warrants against fugitive
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