Of course, the headline numbers are good primarily because of Bhushan Steel, which accounted for close to 64 per cent of the total claims by
Month: August 2018
GST: Money transported in cash-carrying vans is not ‘goods’, rules Appellate Authority – The Hindu BusinessLine
The Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax (AAAR-GST) has ruled that ‘money’ is not ‘goods’. Accordingly, it decided against giving
Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs | Business Standard News
The government has asked the Reserve Bank of India (RBI) to consider diluting the Prompt Corrective Action (PCA) framework, to ensure that regulatory sanctions against
RBI is right | Business Standard Editorials
The Allahabad High Court is set to hear on Monday the Reserve Bank of India (RBI)’s final submissions on a case filed by power companies
Binani Cement creditors allege ‘misconduct’ by RP, say kept out of process – The Financial Express
Operational creditors of Binani Cement on Thursday alleged before the National Company Law Appellate Tribunal (NCLAT) that the resolution professional (RP) kept them out of
Rupee at all-time low does not concern Raghuram Rajan; here’s why he thinks rupee needs modest weakening – The Financial Express
The rupee on Thursday hit a fresh all-time low of 70.32 against the US dollar in opening deals, which does not concern former Reserve Bank of
Tax talk: Know how rent-free accommodation is taxed – The Financial Express
Valuation of rent-free accommodation (RFA) has been specified under Rule 3 of the Income Tax Rules. Valuation of rent-free accommodation (RFA) has been specified under
Revisions undermine bidding | Business Standard Column
In cases where bidding is the norm for the sale or lease of an asset, or even for government procurement, it is accompanied by a
Jet’s blues | Business Standard Editorials
The scale of the crisis at Jet Airways caught everyone unawares, more so because the airline — India’s second-largest by market share — appeared to have been
The state of the economy | Business Standard Column
The recent (IMF) report on the Indian economy projects a gradual acceleration of growth but also draws attention to several downside risks. The report uses circumspect language
Govt modifies due date for filing GST returns from July 2018-March 2019 | Business Standard News
The government has modified the due date for filing of final GST sales returns by businesses with turnover exceeding Rs 15 million to the 11th day of
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
Cosmos Bank Hacking: North Korean connection to Cosmos hacking? Signs point to Bangladesh heist masterminds–Economic Times
The highly orchestrated event could be the handiwork of Lazarus, North Korea’s most prolific hacking group Hackers targeted an 112-year-old Pune bank, Cosmos, last week in
NPA worries: Outlook on banks to remain negative, warns Fitch; this whopping amount needed to bolster capital – The Financial Express
The rating agency believes the country’s banks will need USD 40-55 billion in additional capital to meet the Basel-III requirements by 2019. The outlook for
Salary costs at headquarters to attract 18% GST for services given to offices in other states: AAR – The Financial Express
Experts said the ruling will mean that companies, which have offices in multiple states, will have to raise Goods and Services Tax (GST) invoice for
Shareholding in IPAs: IBBI seeks to cap stake of multilateral bodies at 15% – The Financial Express
The Insolvency and Bankruptcy Board of India (IBBI) has floated a discussion paper, proposing to cap the stake of multilateral institutions in an insolvency professionals
SC upholds HC decision on ‘Form C’ availability after GST – The Financial Express
The Supreme Court has upheld the decision of the Punjab and Haryana High Court that Form – ‘C’ should be made available to an assessee
Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders’ top pick – The Financial Express
Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders’ top pick Lenders to Bhushan Power and Steel have zeroed in on JSW Steel as
Modi’s elephant looks fitter but still can’t run – The Financial Express
Modi’s elephant looks fitter but still can’t run Prime minister Narendra Modi did well to highlight just how much India has changed over the past few years.
Lenders can sell assets of personal guarantors under IBC: Apex court – The Financial Express
The Supreme Court on Tuesday ruled that banks can sell off assets of personal guarantors even when corporate resolution proceedings are on against the corporate
aniltikotekar4sme.com 