Policymakers need to shift from price support to income support With possibly an eye on 2019, the Centre has stuck to its Budget promise of
Month: July 2018
NCLT’s knuckle-raps have put insolvency resolution professionals under a scanner – NEWS – Business Line–05.07.2018–*****
The role of insolvency resolution professionals (IRPs) and their ability to handle day-to day affairs of bankrupt companies has come under the spotlight with the
RBI tightens norms for banks’ auditors | The Indian Express–05.07.2018—–*****
The Reserve Bank of India (RBI) on Wednesday tightened rules on banks’ statutory auditors saying it will take action against them in case of any
A year after GST, small businesses report huge drop in sales, struggle with high costs of compliance | business news | Hindustan Times–05.07.2018
For Rajesh Kapoor, a dealer of power tools and industrial hardware in Delhi, one year of the Goods and Services Tax (GST) reform has meant
India’s quick fix for banks has a loophole | Opinion | business news | Hindustan Times–05.07.2018
Each new day brings a fresh band-aid in India’s efforts to patch up its banks. Last week’s highlight was an egregious plan to dump moth-eaten
flat transfer in favor of nominee should be required | नामनिर्देशित व्यक्तीच्या नावे फ्लॅट ट्रान्स्फर होणे गरजेचे – Maharashtra Times–05.07.2018–*****
१) आमची सहकारी हाऊसिंग सोसायटी २००१-२००२मध्ये रजिस्टर झाली आहे. एकूण ५ मजली एकच इमारत आहे व त्यामध्ये २६ सदनिका आहेत. प्रत्येक सदनिकेचे सरासरी क्षेत्रफळ ६२५
Tipping point: What is electronic PAN and how to apply for it | Business Standard News–05.07.2018—–*****
What is e-PAN? If you don’t have a Permanent Account Number (PAN), you can now get Instant e-PAN from the income-tax (I-T) department’s website. It is a digitally signed PAN card issued in
Here are the financial issues that NRIs might face on their return to India | Business Standard News–05.07.2018—-*****
Placement firms in India have witnessed a spike in applications from US-based tech workers. “Around 60,000-100,000 people could be affected in the short run by
Bad loans are just the tip of the iceberg – Business Line–04.07.2018
Indian banks are hit not just by the alarming rise in NPAs but also by serious governance issues There has been an increased interest around
Rs 800-900 billion needed to resolve large toxic loans, says Sunil Mehta | Business Standard News–04.07.2018
The resolution of banks’ big-ticket stressed assets, those above Rs 5 billion, would need funds worth Rs 800-900 billion from domestic and international investors. So
Insolvency process: SC asks Binani Cement pleas to be moved to NCLAT | Business Standard News–04.07.2018
The Supreme Court on Monday ordered transferring all litigations related to Binani Cement’s insolvency resolution pending at the Kolkata Bench of the National Company Law
Unlikely the new plan will work as well as the IBC – The Financial Express–04.07.2018
The IBC route is as market-based and transparent as the new approach promises to be. The Sunil Mehta Committee’s suggestion that bad loans should be
One year of GST: Fix refunds to protect exporters – The Financial Express–04.07.2018
In India, you are eligible to apply for GST refund if you are an exporter of goods or services, or a person making supplies of
Public sector banks draw up bad loan resolution plan – The Economic Times–04.07.2018
The alternate investment fund proposed by state-run banks under the five-pronged resolution plan drafted by them will look to raise funds from domestic investors and
No need for intervention as rupee still overvalued by 5-7%: Niti – The Economic Times–04.07.2018
Niti Aayog vice-chairman Rajiv Kumar has said that the weakening of the rupee is not a cause of worry as the Indian currency continues to be overvalued in terms of real effective
A More Nuanced Plan for Resolution–Economic Times–04.07.2018
The move to create an alternate resolution plan for distressed assets in addition to the bankruptcy code is a good idea. The plan, proposed by
‘RBI’s new working capital norms likely to push up default rates’ | The Indian Express–04.07.2018
The Reserve Bank of India’s new draft guidelines on the disbursement of working capital credit are likely to hit the liquidity profile of the most
Jaitley speaks out against witch hunt of bankers – The Hindu–04.07.2018
Union Minister Arun Jaitley on Tuesday spoke strongly against the ‘witch hunt’ against the bankers by investigative agencies and said the Prevention of Corruption Act
modi government following Congress policy for growth on farmers income | कुबडय़ांचे आरोग्य | Loksatta–04.07.2018
आजारपणातील अशक्तपणामुळे एखाद्या व्यक्तीस चालणे अशक्य झाले असताना तिने कुबडय़ांच्या साहाय्याने दोनचार पावले टाकली म्हणून आनंद व्यक्त करून कुबडय़ांना श्रेय द्यायचे की ती व्यक्ती पुन्हा
No bad bank plan, but govt now has a 5-point strategy to deal with NPAs: FM Piyush Goyal – The Economic Times–03.07.2018
Finance minister Piyush Goyal on Monday said that government has accepted a report submitted by a committee of bankers led by Punjab National Bank chairman Sunil
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