Last week, President Ram Nath Kovind gave his nod to promulgate the Insolvency and Bankruptcy code (Amendment) Ordinance 2018. S. Dhanapal, senior partner,S. Dhanapaland Associates, decodes
Month: June 2018
insolvency and bankruptcy process: Companies under insolvency process to face additional surveillance from June 11 – The Economic Times–10.06.2018
As per the BSE, the “surveillance measures shall be in conjunction with all other prevailing surveillance measures” being imposed by the exchanges from time to
Public Credit Regisgtry–Don’t spoil a good idea with monopoly–Economic Times–10.06.2018
The RBI’s High-Level Task Force on creating a Public Credit Registry (PCR) for India has recommended an in-house repository having extensive information on all borrowers.
Welcome reform of the bond market: RBI’s latest steps will improve capital allocation–Economic Times–10.06.2018
The Reserve Bank of India has announced welcome steps to shore up the government securities (G-Sec) market. It would boost financial sector development, better determine
These platforms are creating a difference by empowering the MSME sector – The Financial Express–10.06.2018
Government and RBI have been working on empowering MSMEs. After special schemes to support the segment, the government also announced the allocation of 3lakh crores to MUDRA Bank under
Across the aisle: Governments hide, people seek – The Financial Express–10.06.2018
How much can you hide behind one number? A lot, if the media played ball. On the day after the Central Statistics Office (CSO) released
Insolvency & bankruptcy: Focus on resolution and not liquidation, says IBBI chief MS Sahoo – The Financial Express–10.06.2018-R
At a time when a majority of companies headed for resolution under the Insolvency and Bankruptcy Code (IBC) have been slipping into liquidation, M S
Shashi Tharoor is the victim of a flawed law–Times of India–10.06.2018
Congress politician Shashi Tharoor is going to be tried for abetment of the suicide of his wife Sunanda. I will not go into the details
GST–: Notice shot off to businesses for less IGST input credit claim – The Economic Times–09.06.2018
According to the results of the analysis, importers including bigger companies are paying IGST on imports but not claiming credit for the same. Tax authorities
Homebuyers: From ‘worst sufferer’ to at par with lenders, Arun Jaitley explains how IBC Ordinance helps – The Financial Express–09.06.2018
As President Ram Nath Kovind gave his nod to the Ordinance making amendments to the Insolvency and Bankruptcy Code (IBC) on Wednesday, the homebuyers got
Resolution plan for IVRCL: RP receives EoI from some applicants – The Financial Express–09.06.2018
The RP will review these EoIs to ensure that the same are according to the provisions of the Insolvency and Bankruptcy Code. As part of
IBC Process: NCLT gives Ruchi Soya another 90 days – The Financial Express–09.06.2018
Claims worth Rs 9,119 crore from financial creditors of Ruchi Soya had been admitted by the NCLT as on May 18, 2018. The Mumbai bench
Bankers’ panel to study setting up of reconstruction firm for NPA clean-up – Business Line–09.06.2018
The possibility of floating an asset reconstruction company (ARC) and/or an asset management company (AMC) for faster resolution of stressed assets, need for consolidation to
Mid-year auditor exits rise sixfold in six years – The Hindu–09.06.2018
Mid-year auditor exits rise sixfold in six years Growing friction between them and companies over sharing of financial information could be one of the reasons
A vicious cycle: on trade wars – The Hindu–09.06.2018
Nobody wants to lose a trade war. The European Commission on Wednesday announced it would impose tariffs as high as 25% on imports worth $3.3
RBI amends Gold Monetisation Scheme to make it more attractive – The Financial Express–08.06.2018
The Reserve Bank of India (RBI) has made changes in the Gold Monetisation Scheme (GMS) to make it more attractive. The revamping of the scheme
PSBs recapitalisation plan insufficient to support credit growth, says global ratings agency Moody’s – The Financial Express–08.06.2018
Global ratings agency Moody’s today said the government’s recapitalisation plan for 21 state-run banks will help them in meeting regulatory capital needs, but will be
Monetary tightening – more to come – The Financial Express–08.06.2018
Pre-empting this week’s interest rate hike, RBI governor, Urjit Patel, published a very interesting article in the Financial Times over the weekend which provides some insight into
India may cut expenditure to stick to 3.3% fiscal deficit: Moody’s – Business Line–08.06.2018
Moody’s Investors Service today said it expects India to stick to the estimated fiscal deficit of 3.3 per cent of GDP and even cut capital
HR issues in banks – Business Line–08.06.2018
Poor internal management and the NPA mess Public sector banks are battling with non-performing assets (NPAs) and frauds. There’s much discussion going in public forums
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