The number of cases filed is almost four times higher, sources said, but many are withdrawn before they are admitted as the borrower agrees to
Month: October 2018
IL&FS: Government takes control of IL&FS, 6-member board led by Uday Kotak set up–Economic Times
The Centre has taken control of the management of IL&FS that has roiled markets by defaulting on debt, stepping in to check a contagion that could have
Gita Gopinath appointed as Chief Economist of IMF – Big proud moment for India! – The Financial Express
It’s a big proud moment for India! In a major development, Gita Gopinath has been appointed as Chief Economist of International Monetary Fund (IMF). Gopinath
Money bill for Aadhaar act virtually eliminates RS, President from legislature process; why it isn’t justified – The Financial Express
The Supreme Court’s verdict on upholding the constitutional validity of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, is
IL&FS–Time for swift action | Business Standard Editorials
The National Company Law Tribunal (NCLT) permitted the government on Monday to seize control of infrastructure finance major Infrastructure Leasing and Financial Services (IL&FS) with
September unemployment data show significant changes | Business Standard Column
The unemployment rate inched up to 6.6 per cent in September 2018. And, the labour participation rate also scaled up to 43.2 per cent. In August, the unemployment rate
IL&FS crisis: India’s ‘too big to fail’ moment? | Business Standard Column
The government is intervening to try and contain the IL&FS default crisis. Is this India’s “too big to fail” moment? That reference to the US-led subprime crisis
Govt issues lookout notices for four directors of debt-laden IL&FS | Business Standard News
The government has come down heavily on Infrastructure Leasing & Financial Services’ (IL&FS’) former management, led by Ravi Parthasarathy, who retired in July 2018, vice-chairman
More pain, little gain – The Hindu BusinessLine
Hiking import duties won’t help India lower its current account deficit; in fact, it may hurt trade In yet another half-hearted attempt to contain the
All you wanted to know about Aadhaar verdict – The Hindu BusinessLine
The insistence on Aadhaar has been one issue that has polarised public opinion in India like no other. If it made data privacy advocates see
View: Time for RBI to take control of regulation & supervision – The Economic Times
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
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
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