By Rajat Gandhi India is still struggling with a huge credit gap that is holding back the economy. Getting a bank loan is an extremely
Month: June 2018
GST: Delhi raises e-way bill threshold – The Financial Express–17.06.2018
After West Bengal and Tamil Nadu, Delhi has become the third state to double the threshold for electronic-way (e-way) bill for intra-state movement of goods
SEBI’s new regulations sync with the IBC – The Financial Express–17.06.2018
A lot has been said and written on the Indian insolvency law—the Insolvency and Bankruptcy Code, 2016 (IBC). It is one of the big-bang reforms
Norms for FPIs to invest in debt eased, may boost rupee, corporate bonds | Business Standard News–17.06.2018
The Reserve Bank has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates, a move that can help attract more overseas
Resolution professional of Essar Power Jharkhand invites bids by July 10 | Business Standard News–17.06.2018
The resolution professional for Essar Power Jharkhand, Huzefa Fakhri Sitabkhan, has invited expressions of interest (EoIs) and resolution plans from companies by July 10. Essar Power Jharkhand was admitted under the Insolvency and
GST Amendments: Changes to include RCM, return filing, refund on exports | The Indian Express–17.06.2018
Clarification for refunds of cess on goods to be exported, changes in the enabling provisions for reverse charge mechanism (RCM) and composition scheme and returns
[ NPAs ] Shine the light | The Indian Express–17.06.2018
It is one thing for a bank loan to be declared a non-performing asset (NPA) — that is, when the borrower has ceased to pay
Amendment to the senior citizen bill will reduce elders’ abuse | analysis | Hindustan Times–17.06.2018
As the problem of abuse of the elderly is becoming a serious concern in different parts of the world, many countries are bringing legislations to
Income Tax Returns | How to File ITR | File Income Tax Returns for FY 2017-18 – The Economic Times–16.06.2018
File Income Tax Returns for FY 2017-18 10-documents-you-need-to-file…8.5 KB 10 documents you need to file your income tax return which-itr-form-applies-to-you…2.0 KB Which ITR form applies
Welcome Reform in India’s Bond Market–Economic Times–16.06.2018
There are welcome steps underway to have a liquid secondary market for corporate bonds, an institutional shield against future non-performing assets arising from banks funding
Bond losses: RBI allows banks to spread provisions | The Indian Express–16.06.2018
The Reserve Bank of India (RBI) on Friday allowed banks to spread their provisions against bond losses in the June quarter over up to four
Govt moves to get global funds to invest in an ARC for banks – Business Line–16.06.2018
The Centre may rope in multilateral financial institutions, global private equity firms, global pension funds and sovereign wealth funds to invest in the asset reconstruction
Resolution professional invites EOI for 1,200-MW Essar plant in Tori – Business Line–16.06.2018
The resolution professional of Essar Power Jharkand Ltd (EPJL), an SPV of Essar Power, developing 1,200 MW thermal power plant in Tori, Jharkand, has invited
Trump approves tariffs on $50 bn worth of Chinese goods – Business Line–16.06.2018
US President Donald Trump has approved tariffs worth $50 billion on import of goods from China, triggering the possibility of a trade war between the
GST anti-profiteering funds to be split between Centre, state – Business Line–16.06.2018
Centre and the ‘concerned state’ will equally share the amount deposited by erring businesses in the consumer welfare fund set up as part of the
Insolvency process: Adani Power, JSW Energy submit EoIs for Monnet Power | Business Standard News–16.06.2018
JSW Energy and Adani Power have submitted separate Expression of Interests (EoIs) to acquire stressed asset firm Monnet Power, a source told Business Standard. This is the second
Governor is right: RBI should not have nominees on PSB boards | Business Standard Editorials–16.06.2018
There was much to answer for when Reserve Bank of India Governor Urjit Patel met the Parliamentary Standing Committee on Finance earlier this week. The committee, which has among its members
Punj Lloyd ICICI Bank NCLT: ICICI Bank drags Punj Lloyd to NCLT, initiates forensic audit against firm – The Economic Times–15.06.2018
The bank has appointed TR Chadha of Chadha & Co as forensic auditor for Punj Lloyd. The move comes after the bank dragged the company
Bankruptcy | NPA: PSU bankers’ union challenges RBI’s February 12 bankruptcy circular–15.06.2018
AIBOC wants the high court to quash the circular. The biggest union of state-run banks has filed a writ petition in the Delhi High Court challenging the
ICICI Bank’s insolvency plea may not be admitted by NCLT: Punj Lloyd – The Economic Times–15.06.2018
ICICI Bank’s plea was heard today by the principal bench of NCLT headed by President Justice M M Kumar, which issued notices to Punj Lloyd
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