Be ready for an ‘unpleasant experience’ if you are a merchant not eligible for collecting Goods and Services Tax (GST) from customers. The Central Board
Month: July 2018
We should not take our eyes off IBC, says CEA Arvind Subramanian | Business Standard News–06.07.2018
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on
Not so ‘Sashakt’ | Business Standard Editorials–06.07.2018
The government has approved a new scheme to address India’s enormous bad loans problem. The scheme, known as “Sashakt”, will divide stressed assets into three
ICICI Bank vs SBI vs Others: NCLAT – 75% votes must to appoint or change resolution professional – The Financial Express–06.07.2018
The National Company Law Appellate Tribunal (NCLAT) has ruled that an interim resolution professional (IRP) can neither be appointed as the resolution professional (RP) nor
Of MSP, masala vada and farmers – OPINION – Business Line–06.07.2018
Motu was absorbed in the newspaper when Chotu walked into the room. Kya Motabhai, breakfast over? How many pooris down? Hi Chotu, not yet yaar . I’m struggling to
MSP hike has failed to lift the mood in mandis: Gulati – AGRI-BIZ & COMMODITY – Business Line–06.07.2018
The Government has increased minimum support prices for kharif commodities dramatically because it has realised that it was not doing enough for the farmers, said
For tackling NPAs, lean on IBC, not AMC – The Financial Express–06.07.2018
Just when many started believing that the idea of a bad bank or an alternate vehicle to offload non-performing assets (NPAs) was stillborn and buried,
A solution for non-performing assets? The main criticism of the AMC proposal relates to the source of funding – The Financial Express–06.07.2018
The non-performing assets (NPA) of banks have been climbing year after year and had reached 11.6% of gross advances by the end of March 2018.
ArcelorMittal urges NCLAT to disqualify NuMetal’s bid for Essar Steel | Business Standard News–06.07.2018
Locked in a direct fight to acquire Essar Steel, ArcelorMittal on Thursday sought disqualification of Russia’s VTB Capital-backed NuMetal Ltd, alleging that the firm was acting in
Public, private banks ink pact for faster resolution of stressed assets | The Indian Express–06.07.2018
According to the pact, if 66% of the lenders agree to a decision with regard to a stressed asset, it will be enforceable on the
Agricultural… | मिळणार हमीभाव तरी… – Maharashtra Times–06.07.2018
खरीप हंगामाच्या तोंडावरच विविध राज्यांमधील १४ प्रमुख पिकांच्या हमीभावात वाढ करण्याचा केंद्रीय मंत्रिमंडळाने घेतलेला निर्णय शेतकऱ्यांना दिलासा देणारा आहे. देशभर वाढत असलेले शेतीसंकट, शेतकरी आत्महत्या, कर्जमाफीच्या मागण्या
bad loans: Will the NPA black hole suck in the country’s entire banking universe? – The Economic Times–05.07.2018
To put the NPA problem in perspective, our banks’ stressed assets now stand at 9.6% of our GDP, or about half of Budget 2018. By
End The Mistrust: Prevention of Corruption Act needs to be amended, BJP must take the initiative–Tims of India–05.07.2018—–*****
In the run-up to a general election, it is customary for corruption to dominate political discourse. However, Union minister Arun Jaitley made a refreshing departure
Insolvency process: IBBI rejigs norms, specifies timeline for resolution | Business Standard News–05.07.2018–*****
The IBBI has notified revised norms for insolvency resolution process paving the way for home buyers to seek relief as financial creditors, putting in place clear timelines to be
Cold comfort | Business Standard Editorials–05.07.2018—–*****
The government’s announcement of the new minimum support prices (MSPs) for kharif crops is broadly in line with its promise of raising them to 50
FDI stumbles, too | Business Standard Editorials–05.07.2018
Recent reports have confirmed that all is not well when it comes to foreign investment in India. Foreign direct investment (FDI) in particular — prized over other
Incurred a capital loss? Here is how you can set it off in your tax returns | Business Standard News–05.07.2018—-*****
Saving money for your future is always good. With this intention, most of us make investments in various assets to build wealth over a period of time. Investments in
Exports may take a hit; glut possible – Business Line–05.07.2018
The higher MSP on kharif crops may result in a glut in the domestic market if exports get uncompetitive. This could, in turn, drag down
Unsecured loans grow four times the bank credit: Crisil – Business Line–05.07.2018
According to a Crisil Research, as of March 2018, outstanding unsecured loans stood at about Rs 5 lakh crore, accounting for 26 per cent of
Ministers’ group to finalise views on reverse charge mechanism, discount on digital payment on July 8 – Business Line–05.07.2018
A final view on the Reverse Charge Mechanism (RCM) and GST discount on digital payment is expected to be taken on July 8 at the
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