The National Company Law Tribunal (NCLT) has on Wednesday admitted Videocon IndustriesNSE -4.74 % under the Insolvency and Bankruptcy Code, and the debt-ridden firm is hopeful that its lenders
Day: June 7, 2018
Relief for MSMEs under IBC, promoter can bid for his enterprise – The Economic Times–07.06.2018
The development provides major relief to MSMEs facing insolvency proceedings. The Government on Wednesday provided major relief to MSMEs facing insolvency proceeding under the Insolvency & Bankruptcy Code Ordinance,
Pan Card: PAN becomes mandatory for sending money abroad for kids studies, investing: LRS rules tightened–Economic Times–07.06.2018
Earlier PAN was not insisted upon for putting current account transactions of up to USD 25,000. You won’t be able to send money abroad for
A Hawk in a Dove’s Neutral Feathers
If it soars like a hawk, sees minute details from a distance like a hawk and swoops for the kill like a hawk, then it
Now get Aadhaar update history online – Here is how – The Financial Express
The UIDAI has introduced facility to enable Aadhaar holders to obtain their Aadhaar update history online, which can be downloaded and provided to various authorities
Adhunik Metaliks case: NCLT reserves order on extra time – The Financial Express–07.06.2018
The Kolkata bench of the National Company Law Tribunal (NCLT) on Wednesday reserved its order over the issue of exclusion of requisite number of days
Amtek case: NCLT reserves order on Liberty House eligibility – The Financial Express-07.06.2018
The Chandigarh bench of the National Company Law Tribunal (NCLT) has reserved its order on whether Liberty House was eligible to bid for the bankrupt
RBI revises NPA norms for MSMEs – The Financial Express
The Reserve Bank of India (RBI) on Wednesday extended the benefit of 180-days past due (dpd)-based classification of non-performing assets (NPAs) to all medium, small
IBC one-year report card: Recovery rates of bad loans will get worse | Business Standard News
Insolvency and Bankruptcy Code Reacting to Tata Steel’s acquisition of Bhushan Steel last month, finance minister Piyush Goyal tweeted, “Lenders recovered almost the entire principal
Advising the Fed | Business Standard Editorials
In an opinion piece for the Financial Times newspaper that is effectively addressed at his American equivalent, Reserve Bank of India Governor Urjit Patel has argued that the United
It’s time for GST rate cuts | Business Standard Column
The May 2018 numbers for revenue under the Goods and Services Tax (GST) have raised concerns over a slowdown in collections. Such fears, however, are
Electrosteel allots shares worth ₹7,400 cr to 26 lenders – Business Line
Taking another step closer to insolvency resolution, Electrosteel Steels Ltd (ESL) has allotted 740 crore equity shares worth ₹7,400 crore on a preferential basis to
Along expected lines – Business Line
Amidst creeping inflation and a falling rupee, it would seem that the Monetary Policy Committee (MPC) was left with little option but to hike the
Inflection point: RBI first policy increase in four years must be complemented by fiscal prudence
Reserve Bank of India’s monetary policy committee on Wednesday increased the policy interest rate by a quarter percentage point to 6.25%, the first time in
RBI to set up Public Credit Registry on all borrowers | The Indian Express
The Reserve Bank of India has decided to set up a Public Credit Registry (PCR) “to foster the level of access to credit and strengthen
IBC Monitor, Part II: Despite push for resolution, 30 liquidation orders so far | The Indian Express
While the 12 large cases under the IBC resolution account for nearly Rs 3.2 lakh crore worth of unpaid loans or non-performing assets, the MSMEs
A forced hike | The Indian Express
The RBI on Wednesday raised its key policy rate, the repo rate, by 25 basis points to 6.25 per cent. The decision of the Monetary Policy
In India, it’s rupee depreciation that really drives inflation | Opinion | business news | Hindustan Times
In the words of economist Milton Friedman, inflation is “always and everywhere” a monetary phenomenon. But if you asked a brokerage analyst in Singapore why
Pre-emptive strike: on RBI’s repo rate hike – The Hindu
At the end of an unusually long three-day meeting, the Monetary Policy Committee of the Reserve Bank of India opted for a hike in key interest