ArcelorMittal on Friday announced that the Committee of Creditors (CoC) to Essar Steel India Limited (ESIL) has voted in favour of the company’s acquisition. ESIL’s resolution professional (RP),
Month: October 2018
Essar Steel buy: ArcelorMittal, Ruias gear up for legal battle – The Hindu BusinessLine
A day after the Committee of Creditors voted in favour of its bid, ArcelorMittal on Friday said its long-term aspiration for Essar Steel is to
Essar Steel buy: ArcelorMittal, Ruias gear up for legal battle – The Hindu BusinessLine
A day after the Committee of Creditors voted in favour of its bid, ArcelorMittal on Friday said its long-term aspiration for Essar Steel is to
Market can discipline govt: RBI’s Viral Acharya in hard-hitting speech on centre’s interference; top 5 quotes – The Financial Express
Viral Acharya’s hard-hitting speech at AD Shroff Memorial Lecture, Mumbai has come amid a tug of war between going on between the RBI and the government.
‘Govts that don’t respect central bank independence invite wrath of mkts’ | Business Standard News
RBI deputy governor Viral Acharya on Friday said that the governments that do not respect central bank independence will sooner or later incur the wrath of financial markets,
Government interference undermines RBI’s functional autonomy: Viral Acharya – The Economic Times
India’s central bank needs to be more independent to improve macroeconomic stability, Reserve Bank of India (RBI) Deputy Governor Viral Acharya said on Friday, warning that undermining
A change in law means MSMEs have greater power in cheque bounce cases – The Economic Times
By Jivesh Chandrayan Indian courts are riddled with the humongous problem of pending cases. As per the 213th Report of the Law Commission almost 20 per cent
Taxpayers beware! You can now be prosecuted even if you fail to file your income tax return on time – The Financial Express
Taxpayers beware! Now you can be prosecuted for failing to file your income tax return on time as well as not responding to the income
GST likely to have 3-rate structure in future: Bibek Debroy – The Economic Times
“Only very few..two or three, including India, Canada and perhaps Australia have dual GST, while the rest have a single, unitary tax,” he said. The
MSME: Government readies loan, social security plan for MSMEs – The Economic Times
The government is set to announce a package of benefits for micro, small and medium enterprises (MSMEs) spread across 80 clusters that will cover credit flow, steps to improve
How to disable international transactions on your credit card – The Economic Times
To be on the safer side, one can disable the international transactions entirely, especially if one does not have plans to travel abroad soon. In
Govt wants RBI to bring down capital requirements and align with Basel III: Rajiv Kumar – The Economic Times
Financial services secretary Rajiv Kumar on Friday said that the government is not looking for relaxation in the Reserve Bank of India’s prompt corrective action (PCA) framework but hinted
viral acharya: RBI deputy governor Acharya’s autonomy concerns: 10 points he makes in his speech – The Economic Times
Acharya’s speech also touched upon the current concerns over the relaxed prompt corrective action regime of the RBI. While speaking at the AD Shroff Memorial
Essar Steel lenders back ArcelorMittal, file plan with NCLT – The Economic Times
ArcelorMittal said Essar Steel’s creditors put the seal on its acquisition of the bankrupt company, a day after the erstwhile promoters sought to make a last-minute
Promoter’s offer should not be ignored for process lacunae: Essar Steel – The Economic Times
With lenders picking ArcelorMittal for Essar Steel takeover, the debt-laden company Friday said the committee of creditors should consider the Rs 54,389 crore offer made by promoters to
Arun Jaitley’s big message to defaulters: ‘IBC instilling fear’ – The Financial Express
Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross
GOI’s T20 vs RBI’s test match: Viral Acharya takes on government for trying to get RBI to relax PCA – The Financial Express
A government’s horizon of decision-making is rendered short like a T20 match, he said, using a cricketing analogy. RBI deputy governor Viral Acharya on Friday ripped
Steps soon to ease liquidity crunch: Rajiv Kumar, Financial Services Secretary – The Financial Express
Financial services secretary Rajiv Kumar said on Friday that some steps are being planned to ease the liquidity crunch being faced by non-banking finance companies
Market can discipline govt: RBI’s Viral Acharya in hard-hitting speech on centre’s interference; top 5 quotes – The Financial Express
Viral Acharya’s hard-hitting speech at AD Shroff Memorial Lecture, Mumbai has come amid a tug of war between going on between the RBI and the government.
Across the Aisle: Things fall apart; Centre cannot hold – The Financial Express
here is an old saying ‘Misfortunes don’t come singly’. It seems that the gods are not smiling on the Indian economy. Look at the bad
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