The Commercial Taxes department has busted a racket involved in issuing fake GST invoices to help some dealers claim input tax credit (ITC) from the government. Three Bengaluru-based businessmen,
Day: September 27, 2018
MSME: Bank nod for MSME loans of up to Rs 1 crore in 59 mins: Govt – The Economic Times
Finance minister Arun Jaitley on Tuesday launched a new portal to fast-track loans for micro, small and medium enterprises (MSMEs) as the government promised that banks will
Confused verdict, calls for revision
The majority view of the five-member bench of the Supreme Court on Aadhaar is confusing and itself confused. The verdict pronounces Aadhaar constitutionally valid for
IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today – The Financial Express
Major shareholder LIC recently assured that it would not let crisis-hit IL&FS collapse Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs
TDS, TCS for GST kick-in from October 1: Deduction, registration, compliance, challenges – All you need to know – The Financial Express
By Badri Narayanan & Shweta Walecha After the GST regime gained momentum, the government decided to introduce TDS and TCS provisions. The GST law requires TDS
RBI cancels meeting with IL&FS shareholders ahead of AGM, next date remains unknown – The Financial Express
IL&FS’s annual general meeting is scheduled for September 29 here. The Reserve Bank of India (RBI) has cancelled the Friday’s meeting with the shareholders of
IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs – The Financial Express
The company’s defaults have highlighted the risk of a sharp growth slowdown in the world’s fastest growing major economy. Manzoor Ahmad lost his job as
IL&FS moves NCLT for direct line with creditors – The Economic Times
Debt-laden IL&FS, the holding company of the infrastructure group, has filed an application with the Mumbai bench of National Company Law Tribunal seeking permission to
Govt fights rupee drop as RBI takes steps to ease liquidity for banks | Business Standard News
India upped the ante in its efforts to restore investor confidence, with the central bank taking measures to ease liquidity for lenders a day after the
Rapid growth of the shadow banking sector may endanger India’s growth story | Business Standard News
IL&FS Manzoor Ahmad lost his job as an electrician and is struggling to make ends meet after a crucial road tunnel project shut down in Srinagar,
SC delivers a welcome judgment; Aadhaar cannot be an instrument of coercion | Business Standard Editorials
The Supreme Court delivered its decision on the constitutionality of the Aadhaar unique identification system on Wednesday, in one of the most anticipated judgments of recent years. Since it was
How much more can the RBI intervene? | Business Standard Column
The recent debate on the costs and benefits of a falling rupee must have done its bit to reinforce the stereotype of economists as a
Rupee @75-plus: Turbulence ahead | Business Standard Column
With the US Federal Reserve raising rates, and the oil prices rising above $80 barrel after the recent OPEC meeting, there will be further pressure on the Rupee. That
Time to wake up? CAD and rupee are to remain stressed until the 2019 polls | Business Standard Column
Any criticism (even minor) of the government’s economic management elicits a stock response: we have the fastest-growing economy, strong macro fundamentals and are in a
Aadhaar: The spirit of the dissent may outlast the verdict of the court | Business Standard News
Benjamin Franklin who helped father the American Constitution wrote – “Those who would give up essential Liberty, to purchase a little temporary safety, deserve neither
Fed hikes again. Should RBI follow? – The Hindu BusinessLine
The Federal Reserve’s resolve to adhere to aggressive policy rate hike cycle over the next couple of years is likely to create more pressure on
NPA mess: Bankers seek Govt help to speed up debt recovery process – NEWS – The Hindu BusinessLine
Public sector banks’ (PSB) chief executives on Tuesday sought government intervention to speed up the debt recovery process, including faster approvals from District Magistrates, to
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