India may stop wilful defaulters with loans exceeding Rs 50 crore from travelling overseas without prior approval as part of a crackdown on promoters looking to leave
Day: August 8, 2018
Let banks defend bonafide employees
Banks are reportedly planning to defend their existing and retired employees when they are hounded by investigating agencies. Legal and financial support to bonafide bankers
Stressed power assets: RBI should amend order, says panel – The Financial Express
The RBI’s February circular stipulates a one-day default rule on term loans, which mandates treating a borrower who misses repayments as a defaulter the very
Fiscally irresponsible: Crowding-in or crowding out? – The Financial Express
The rising ten-year benchmark yield, a reference for banks to price loans, is attracting much concern. Some note that the 10-year yield is significantly higher
Staff accountability fixed in less than 2% NPA cases – The Financial Express
Allegations of collusion are also being investigated in the `14,000-crore letters-of-undertaking (LoU) fraud unearthed at Punjab National Bank (PNB). Bank staff have been found to
Modi govt introduces four Bills in the Lok Sabha to simplify GST returns | Business Standard News
The Bills are primarily aimed at helping the MSME sector and small traders The government on Tuesday introduced four Bills in the Lok Sabha to amend the
GST: Centre extends suspension of reverse charge mechanism by one year – The Hindu BusinessLine
In a business-friendly move, the Centre has extended the suspension of the reverse charge mechanism on purchase of goods or services by registered dealers from
High Court to hear insolvency cases in power sector, says Supreme Court | Business Standard News
RBI took a tough stance against a special dispensation to the power industry, saying this would invite similar representations from other sectors and lead to
Bumps along e-way bill road worry PwC; GST Council to deal with issues | Business Standard News
Leading tax consultant PwC has recommended that the government allow a few changes to be made in the e-way bills for the goods and services tax (GST) to address
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