The finance ministry has pulled up officers of the indirect tax department for their supposedly inadequate performance in collecting the goods and services tax (GST), which is shortly going
Month: June 2018
RBI relaxes NPA classification norms for MSMEs under GST | Business Standard News–08.06.2018
In a major relief to MSMEs, the Reserve Bank on Wednesday eased NPA classification norms for such units facing input credit linkages and associated issues
IBC delisting norms: Small shareholders ask Sebi for review | Business Standard News–08.06.2018
Minority shareholders are miffed at the lenient delisting process for companies facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). According to sources, several investor protection
RBI says rate hike wasn’t meant to boost rupee; analysts say it will | Business Standard News–08.06.2018
Reserve Bank of India Governor Urjit Patel signaled that Wednesday’s interest-rate hike was not aimed at defending the rupee. Analysts say that the move will still provide the much-needed
All options open: Repo rate increase signals RBI’s intent | Business Standard Editorials–08.06.2018
Taken in isolation, the unanimous decision of the Monetary Policy Committee (MPC) to increase the benchmark repo rate by 25 basis points 1 the first
Narendra Modi: RBI rate hike upsets PM Modi’s election year budget math – Times of India–08.06.2018
The Reserve Bank of India’s (RBI) first interest rate rise since Prime Minister Narendra Modi came to power could not have come at a worse time for
SBI Chairman Rajnish Kumar interview: ‘Days of over leveraging, thin equity are behind us; NPAs will also start to come down soon’ | The Indian Express–08.06.2018
With banks empowered after the Insolvency and Bankruptcy Code (IBC), there’s consciousness about “the need to pay on time” and the “days of over leveraging”
Videocon case: NCLT hears State Bank of India petition | The Indian Express–08.06.2018
On June 6, another bench of NCLT admitted a plea from SBI to initiate a resolution process against Videocon Industries Ltd, the flagship firm of
NCLT admits Videocon case; Venugopal Dhoot says banks to recover 80% debt – The Economic Times–07.06.2018
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
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
aniltikotekar4sme.com 