RBI’s inability to see the big picture has cost the economy dear. With so many banks on prompt corrective action (PCA), bank lending has been
Day: October 1, 2018
How Chunni Bai’s death exposes the lie about Aadhaar – The Economic Times
By Nikhil Dey & Aruna Roy On September 27, 2018, a day after the Supreme Court’s Aadhaar judgment, Chunni Bai of Panton Ki Anti, Rajsamand district, Rajasthan died of starvation.
Companies may have to show ledgers for claiming GST credit of over Rs 25 lakh – The Economic Times
Government will soon bring out a new ‘credit growth return’ form. Companies that availed of more than Rs 25 lakh credit under the goods and
Fraud cases under IBC cross Rs 40,000 crore – The Economic Times
The numbers showed that frauds, which include siphoning of funds, transactions with related parties and fictitious persons, were widespread in cases that have been referred
Contactless banking for MSMEs to be the new paradigm: Fin Services Secretary Rajiv Kumar – The Economic Times
In a bid to bolster credit growth, the Finance Ministry is planning to expand the scope of the recently launched portal that enables MSMEs to
Are Indian SMBs making the right cloud choice? – The Economic Times
By Sheela Nambiar Employing around 80 million people and contributing significantly to India‘s GDP, SMBs are a critical growth engine of the Indian economy. A conducive business environment, a
Not the best way to prop up industry–Economic Times
The additional import duties on refrigerators, air-conditioners, speakers, footwear, luggage, aviation fuel and so on is a bad move. These bumped-up rates can have two
Experts hope 50% recovery under bankruptcy code – The Economic Times
The most important parameter on which the recovery rate of debt to the financial creditors depends is the value of the assets of the defaulter
US economic growth, rupee fall to boost Indian exports: Assocham – The Financial Express
The US emerged as the top export destination for India, with USD 47.9 billion worth of shipments in the last fiscal ended March, followed by
Insolvency and Bankruptcy Code: Has IBC been effective in safeguarding the rights of buyers? – The Financial Express
It is very unlikely that the home buyers will get any significant recovery from the sale of the uncompleted projects either. The interest of home
How the threat of IBC has made debtors pay up Rs 1 lakh crore! MS Sahoo, chairman, IBBI explains – The Financial Express-R
As the Insolvency and Bankruptcy Board of India (IBBI) turns two on Monday, its chairman MS Sahoo dwells upon the efficacy of the new insolvency
Weak rupee may prompt RBI to raise repo rate – The Hindu BusinessLine
Inflationary concerns due to costlier oil imports and a weakening rupee could prompt the Reserve Bank of India to raise the repo rate by 25
NPAs-Pitfalls of too much conservatism – The Hindu BusinessLine
Conservative fiscal and monetary policies have hurt industry, ramping up NPAs and worsening external account imbalances The story we were told, when India embarked on
Aadhaar mess — what is the way forward? – The Hindu BusinessLine
The apex court is silent about how banks and other firms will erase the Aadhaar data already in their possession If the recent Supreme Court
NBFCs–A wake-up call for regulators – The Hindu BusinessLine
The interdependence of NBFCs and MFs could pose a greater systemic risk than banks The IL&FS default crisis has been described as, among other things,
Lenders drag realty firm Indu Projects to NCLT – NEWS – The Hindu BusinessLine
Lenders of Indu Projects, a Hyderabad-based infrastructure and real estate company, have dragged it to the National Company Law Tribunal’s Hyderabad bench seeking initiation of
Pitfalls of too much conservatism – OPINION – The Hindu BusinessLine
Conservative fiscal and monetary policies have hurt industry, ramping up NPAs and worsening external account imbalances The story we were told, when India embarked on
Over-protecting India | Business Standard Editorials
The government has raised import duties on 19 products, including some electronic goods that it has declared “non-essential”. Tariffs on imported air conditioners, household refrigerators,
NBFCs–IL&FS mess: A three-point surgical strike | Business Standard Column
A few days ago the Modi government celebrated the second anniversary of its surgical strike against Pakistan. One wishes there were surgical strikes on other equally important
NBFCs–Lessons from IL&FS saga | Business Standard Column
The Infrastructure Leasing & Financial Services fiasco holds many lessons for investors, and policymakers as well. The non-banking financial company (NBFC) has always been treated
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