The minister also said that certain exceptions in the code have been made to help speedier resolution of stressed assets in the MSME sector. The
Day: August 1, 2018
Send IBC bill to standing committee: Opposition in Lok Sabha – The Economic Times
The bill seeks to create monopoly as 2 or 3 steel companies would gobble up the industry and then there would be cartelisation, Ray said.
We require national consensus on loan waivers: Karnataka Bank MD Mahabaleshwara – The Economic Times
We have revamped collection mechanism to prevent further slippages of loans under stress Karnataka BankNSE -1.70 % will turn 100 in six years. The Mangaluru-headquartered private
Only JSW Steel submits revised bid to Bhushan Power lenders – The Economic Times
Lenders of Bhushan Power & Steel have received only one revised bid –– from JSW SteelNSE 0.78 % –– for the bankrupt company as the other two
Amendments to Prevention of Corruption Act may provide shield to beleaguered bankers – The Economic Times
The amendment to the section 13 of the bill will protect the interest of the bankers in taking decisions in the course of conducting the
I-T dept can’t attach property being liquidated under IBC – Today’s Paper – The Hindu BusinessLine
Government agencies don’t have rights on the encumbered property of a company facing liquidation under the Insolvency and Bankruptcy Code, the Hyderabad High Court has
Lok Sabha passes Insolvency Bill – NEWS – The Hindu BusinessLine
The Lok Sabha on Tuesday gave its nod for the Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 that seeks to replace the June 6
Proposed returns process to simplify GST regime, bring relief to taxpayers | Business Standard News
Life will be a bit easier for businesses and professionals under the goods and services tax (GST) regime if the proposed simplified returns are put in place
RBI begins simultaneous annual financial inspections for banks | Business Standard News
The Reserve Bank of India (RBI) has begun simultaneous Annual Financial Inspections (AFIs) for banks for the 2017-18 financial year with an aim to collate a system-wide note on
Two steps forward | Business Standard Editorials
An important contributor to the difficulty of doing business in India is the complexity, arbitrariness and length involved in resolving disputes with the government. At
Spare the taxpayer | Business Standard Editorials
The government’s failed attempt to privatise the airline it owns, Air India (AI), is already bearing bitter fruit. The airline is behind on its payments to several
S&P upbeat on India’s NPA-laden banking system, expects it to strengthen over 2 years – The Financial Express
India’s weak banking system will strengthen over couple of years as stressed loans are cleared and capital base expanded by government’s fund infusion in state-owned
Speeding up the process: NCLT may move cases to other benches – The Financial Express
Speeding up the process: NCLT may move cases to other benches The Insolvency and Bankruptcy Board of India (IBBI) is considering allowing cases admitted by
Big relief! New GST return forms reduce hassles for small taxpayers – The Financial Express
Big relief! New GST return forms reduce hassles for small taxpayers The simplified tax return forms for the goods and services tax (GST) has done
Stay Out: Bank of Baroda chief advises government to loosen its grip over PSU banks – The Financial Express
via Stay Out: Bank of Baroda chief advises government to loosen its grip over PSU banks – The Financial Express
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