The ordinance amending the Insolvency and Bankruptcy Code (IBC) to protect homebuyers is a welcome development as it treats homebuyers as financial creditors. This is
Month: June 2018
Rate hike: all’s not well in economy | Deccan Herald–20.06.2018
Rising inflation and high fuel prices prompted the Reserve Bank of India (RBI) to increase the benchmark short term interest rates by 0.25% for the
Fin Min wants BJP-ruled states to take lead in bringing petrol under GST–Deccan Chronicle–20.06.2018
Left with few options to tackle the crude price hike impact on the economy, the finance ministry may ask the political leadership to persuade the
[ Income Tax ] Financial experts guidance | ‘कलम १४३ (१)’नुसार आलेल्या नोटिशीचे काय करायचे? | Loksatta–19.06.2018
|| प्रवीण देशपांडे प्रश्न : मला १४३ (१) या कलमानुसार प्राप्तिकर खात्याच्या सीपीसी, बंगरुळू येथून ईमेलद्वारे सूचना आली आहे. आणि त्यामध्ये मला आर्थिक वर्ष २०१६-१७
GST: Demo & GST – Empirical evidence shows MSMEs yet to recover from the twin economic measures–19.06.2018
By Manish Sinha The micro, small and medium enterprises (MSMEs) sector is of special significance for the Indian government, expecting it to offer higher employment
GST formalising economy, widening tax base, says Finance Ministry – The Financial Express–19.06.2018
The Finance Ministry today said it would be increasingly difficult for businesses to remain outside the tax net as GST is leading to formalisation of
UltraTech: Dalmia Bharat delaying Binani resolution – The Financial Express–19.06.2018
With Dalmia Bharat-controlled Rajputana Properties (RPPL) sticking to its demand for getting a copy of UltraTech Cement’s revised resolution plan, the Aditya Birla Group-owned cement
No demographic dividend in India with 100 mn unskilled youth: Mohandas Pai | Business Standard–19.06.2018 News
India no longer enjoys the advantage of demographic dividend as it’s saddled with crores of youngsters with low skills unsuited to the economy, claimed a human resources
Benefit of two exemption notifications on same shipment allowed: Expert | Business Standard News–19.06.2018
Q1. We are in the process of setting up a new hotel. We are importing lifts from Thailand, where basic duty is nil under the Asean-India
Expect some vanishing of export concessions | Business Standard Column–19.06.2018
India’s merchandise export rose to $309 billion in 2017-18 from $280 bn in 2016-17, says the Reserve Bank of India. Just over 10 per cent, which is
India’s next growth engine | Business Standard Column
Where will India’s next growth boom come from? This question may be central to thinking about our medium-term prospects, but isn’t easy to answer at
Pitting the bankruptcy code against RERA – Business Line
By giving financial creditor status to home-buyers under IBC, the Centre has effectively killed RERA Recently, the Union Cabinet approved, by an ordinance, amendments to
NCLT grants additional 20 days for Adhunik Metaliks to complete insolvency resolution process – Business Line–19.06.2018
The Kolkata Bench of National Company Law Tribunal (NCLT) has granted an additional 20 days time for Adhunik Metaliks to complete its ongoing insolvency resolution
All you wanted to know about…Swiss Challenge – Business Line–19.06.2018
No, this is not about Federer challenging Rafa to a match on clay court. As many corporate bankruptcy cases in India get held up by
RBI alters ‘relative’ definition to check outward remittances – The Hindu–19.06.2018
Aims to prevent misuse of facility Concerned over funds sent abroad under the ‘maintenance of close relative’ category of the Liberalised Remittance Scheme (LRS), the
Unravelling the fine print of the ‘new’ IBC – The Hindu–19.06.2018
S. Dhanapal, senior partner, S. Dhanapal and Associates, explains the other aspects. Relief to micro, small and medium enterprises (MSME) The promoter of a
Insolvency Code: what’s new – The Hindu–19.06.2018
S. Dhanapal, senior partner,S. Dhanapaland Associates, decodes the key amendments to IBC. Homebuyers as financial creditors In a major change, homebuyers would now be treated
Why Urjit Patel is anxious about Fed tightening – Business Line–18.06.2018
Signs of stress are visible in the external debt data of the India’s private sector A day before the June monetary policy meeting, RBI Governor
Delay in resolving insolvency cases has cost banks ₹25,000 cr – Business Line–18.06.2018
The inordinate delay in the insolvency resolution process against the top 10 defaulter companies has already led to a notional a loss of ₹25,000 crore
How the RERA and the IBC will help homebuyers – The Hindu–18.06.2018
The Insolvency and Bankruptcy Amendment (Ordinance) Act, 2018 received the President’s assent on June 6. The amendment to the Code was brought about with a
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