The government may have taken over the reins of troubled Infrastructure Leasing and Financial Services (IL&FS) and installed a new board, but former directors believe
Month: October 2018
IL&FS: charismatic leader, complex structures, and a gullible ecosystem – ET Prime–[ Economic Times ]
IL&FS is a great magic trick. A massive illusion till the method is revealed. That’s when it all seems so obvious. So obvious that the
IL&FS crisis: Everything about the IL&FS crisis that has India in panic mode | What is IL&FS?–Economic Times
The defaults by IL&FS have shut it out of the market, leaving it at the mercy of shareholders. As the world marked the 10th anniversary
Refinance and list, not wind up, IL&FS–Economic Times
The government is right to supersede the board of Infrastructure Leasing & Financial Services (IL&FS), given the large size and exposure of insurance, mutual funds
AMR Infrastructure: NCLT order may offer lifeline for homebuyers – The Economic Times
In a victory of sorts for homebuyers, the National Company Law Tribunal (NCLT) has ruled that it will go ahead and appoint a resolution professional even though
Imposition of calamity tax with GST not advisable: CAIT – The Financial Express
The CAIT said that at a time when the country is moving towards rationalisation of tax structure, any move to impose cess/tax in any form
SC has completely blocked Aadhaar use by private players? No, it hasn’t. Sanjay Jain explains – The Financial Express
Don’t leave Sec 57 as open-ended as before There has been a lot of discussion, some panic and general confusion on what the Supreme Court
What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion – The Financial Express
Operational creditors can participate in the meeting but have no voting powers. Operational creditors are the neglected area. The Insolvency and Bankruptcy Board of India
Beware of I-T refund messages, cyber criminals may trick you with fraud | Business Standard News
If you receive a text message from the income-tax (I-T) department stating a tax refund or demanding an outstanding tax liability, do not respond immediately. There are chances this message is
Financial market turmoil | Business Standard Column
The Indian financial markets are in a state of turmoil at the moment, with issuers and investors in both debt and equity under pressure. The
‘Rupee depreciation need not be fought at all times’ – The Hindu BusinessLine
“Generally positive but some headwinds” were the words that Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, used to sum up his impression
Govt raises loan limit for MSMEs to over ₹1 crore – The Hindu BusinessLine
The government has enhanced the loan limit for micro, small and medium entrepreneurs to over ₹1 crore under the Prime Minister Employment Generation programme. Giriraj
Regulatory hurdles slowing down Startup India – The Hindu BusinessLine
Notwithstanding the Narendra Modi government’s ambitious Startup India initiative, there has been a steep decline in the number of new start-ups coming up in the
Ayushman Bharat: 23,287 claims worth ₹38 crore approved in first ten days – The Hindu BusinessLine
Ten days into its launch, the country’s most-ambitious health programme, Pradhan Mantri Jan Arogya Yojana – also known as Ayushman Bharat – has catered to
From noise pollution to arbitration, here are the key court orders | Business Standard News
Arbitration only if contract is final In order to refer a dispute to arbitration, there must be a concluded contract between the parties. When there is a global
Trump says India wants trade deal with America primarily to keep him happy – The Economic Times
Describing the south Asian country as the “tariff king,” the president told reporters at the White House that India “called us to start negotiations immediately.”
Arun Jaitley defends loan write-offs; says they don’t lead to waiver, recovery still pursued – The Economic Times
Jaitley in a Facebook blog said “technical write-offs” are resorted to by banks as per the Reserve Bank of India (RBI) guidelines. Finance Minister Arun Jaitley Monday
Commerce Minstry focusing on 9 sectors to boost exports; eyes 16% growth this fiscal – The Economic Times
Since 2011-12, India’s exports have been hovering at around USD 300 billion. During 2017-18, the shipments grew by about 10 per cent to USD 303
IBBI needs to have more powers, says NCLAT Chairperson – The Economic Times
The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said Monday and also suggested that there should be regulations for the Committee of Creditors (CoC). The number
Government, move fast on Aadhaar–Economic Times
The government should end the confusion over the status of Aadhaar in the wake of the Supreme Court verdict holding use of Aadhaar valid for
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