The finance ministry is not seeking any relaxation from RBI in its prompt corrective action (PCA) framework and has instead asked banks to adopt differentiated
Month: May 2018
More action needed to help exporters | Business Standard Column–22.05.2018
Last Wednesday, the rupee depreciated to over 68 a dollar; the Reserve Bank of India (RBI) intervened to help it gain some strength and it closed at 67.35
Default resolved: Acquisition of Bhushan Steel under IBC is a milestone in bankruptcy proceedings–Times of India–22.05.2018
Tata Steel last week announced that it had completed the acquisition of Bhushan Steel, a company which had the dubious record of being one of
Miles to go for the new bankruptcy code – The Hindu–22.05.2018
Good news has finally started to roll out of the refurbished bankruptcy courts. Tata Steel acquired 73% stake in the bankrupt firm Bhushan Steel for
विक्रमी उत्पादन आणि इंधन भाववाढीच्या कात्रीत शेतकरी | लोकसत्ता –२२.०५.२०१८
भारतीय अर्थव्यवस्था, विशेष करून कृषीक्षेत्र, या क्षणी अत्यंत महत्त्वाच्या वळणावर आहे. एकीकडे सार्वत्रिक निवडणुका जेमतेम वर्षांवर येऊन ठेपल्या आहेत. त्यामुळे केंद्र सरकार शेतकऱ्यांसाठी भरीव असे
PMO calls for brainstorming on macro-economic concerns | Deccan Herald–21.05.2018
Amid rising oil prices, depleting macroeconomic indicators and foreign investors leaving the country, Prime Minister Narendra Modi’s office may soon call a meeting of top
Bankruptcy: Salvage what you can from your holdings in insolvent companies | Business Standard News–21.05.2018
Many retail shareholders of companies that are undergoing bankruptcy proceedings are watching developments closely. They are hoping that the bidder who gets the National Company Law Tribunal’s
Tax buoyancy, growth may help reduce deficit, says Ashima Goyal | Business Standard News–21.05.2018
In the past few weeks, the rupee has been falling and crude oil prices have been on the boil. ASHIMA GOYAL, professor, Indira Gandhi Institute of Development
Problem in bond market is root cause of banking sector crisis: CAG | Business Standard News–21.05.2018
Comptroller and Auditor General (CAG) of India Rajiv Mehrishi today said the root cause of banking sector crisis in India is the problem in bond market as the RBI acts as
Await rate hikes, era of cuts may be over – The Hindu–21.05.2018
Inflation may spur shift in RBI stance While the market is, in general, expecting yet another pause from the Reserve Bank of India when it
RCom: NCLT appoints IRPs for Rcom, units–Economic Times–21.05.2018
The insolvency tribunal has named three separate interim resolution professionals (IRP) from RBSA Restructuring Advisors LLP to run Reliance Communications (RCom) and its two units, Reliance Telecom Ltd. (RTL)
IBC 2016–The mantra remains maximising value–Economic Times–21.05.2018
Tata Steel has reportedly prevailed in the bidding for Bhushan Steel that was being resolved under the Insolvency and Bankruptcy Code, acquiring a 73% stake.
GST–: Revenue authorities step up efforts to make businesses file GST returns within deadline – The Economic Times–20.05.2018
As per official data, while 57.69 per cent of the GST returns for July were filed within the due date, the figure has now gone
Bankruptcy: Best use of insolvency law is in not using it at all: IBBI chief Sahoo – The Economic Times–20.05.2018-R
Asserting that the insolvency law has brought in behavioural changes among stakeholders, IBBI chief M S Sahoo has said the best use of the Insolvency and Bankruptcy Code would be in
Bhushan Steel: Tata Steel completes Rs 35,200 crore purchase of bankrupt Bhushan Steel – The Economic Times–20.05.2018
Tata Steel has formally taken control of Bhushan Steel , settling about Rs 35,200 crore, or nearly two-thirds, of the loans the bankrupt steelmaker owed to lenders and
GST update: Council asks Centre, states to quickly set up appellate authorities – The Financial Express–20.05.2018
The GST Council has asked the Centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against orders of the
GST adaptation under lens: Rajasthan depts deduct TDS from contractors, unlawfully – The Financial Express–20.05.2018
In what could bring the state governments’ adaptation to the goods and services tax (GST) into question, a few departments of the Rajasthan government have
Liquidated damages proceeds to attract 18% GST, says AAR – The Financial Express–20.05.2018
Mumbai-based Authority of Advanced Ruling (AAR) for the goods and services tax (GST) has held that payment made on account of ‘liquidated damages’ will attract
IT dept cautions TDS deductors against quarterly filing default – Business Line–20.05.2018
The Income Tax Department (ITD) today cautioned TDS deductors to adhere to the stipulated deadline of May 31 for filing their statements failing which they
Start cutting staff of PCA banks to help them survive – The Financial Express–19.05.2018
If these banks are to have any hope of turning around, fixing the staffing has to an integral part of any turnaround plan. At a
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