A day after Reserve Bank of India Deputy Governor Viral Acharya cautioned that the governments that did not respect their central bank’s independence would incur the wrath of financial
Month: October 2018
An evolving economy needs dynamic regulation, says Arun Jaitley | Business Standard News
Finance Minister Arun Jaitley Saturday said as an economy evolves, regulation needs to be relaxed or altered keeping in the mind the ground situation. Speaking at an
No time limit prescribed in law for amendment of shipping bill: Expert | Business Standard News
We made shipments in January 2018 to June 2018 under advance authorization and now came to know that inputs mentioned in the advance authorization can
Money, confidence to feed liquidity–Economic Times
The government and the RBI must get their act together to convince the markets that there is serious commitment to averting a drought of liquidity
ArcelorMittal hits back at Ruias offer, says withdrawal of Essar Steel IBC process not possible – The Financial Express-R
ArcelorMittal, which was selected preferred bidder by lenders of Essar Steel, has hit back at the Rs 54,389 crore offer made by the Ruias, saying that
India’s fiscal deficit touches 95.3% of full-year target in just 6 months – The Financial Express
India’s fiscal deficit in the first half of the year has touched 95.3% of the full-year Budget Estimates (BE), the government data showed. The fiscal
Section 12A of IBC doesn’t apply to Essar Steel case, says ArcelorMittal | Business Standard News-R
ArcelorMittal said on Thursday that Section 12A of the Insolvency and Bankruptcy Code (IBC), under which the Ruias have proposed to withdraw Essar Steel from the Corporate Insolvency Resolution
Ruias make a last minute offer of Rs 543 bn to repay all Essar Steel dues | Business Standard News-R
The promoters of debt-ridden Essar Steel took its creditors by surprise by offering to settle the entire claims of Rs 543 billion under Section 12A
Ensure CoC members areseniors, IBBI tells lenders – The Hindu BusinessLine-R
To avoid delays in decision-making, the Insolvency and Bankruptcy Board of India (IBBI) has asked banks to ensure that their representatives on the Committee of
GST-Surprise communiqué – The Hindu BusinessLine
Just after most taxpayers had filed their monthly returns for September comes a press release with no title, number, signature or information as to who
View: Rupee has slipped way too much and needs to be reined in – The Economic Times-R
By Abheek Barua The oldest trick in the high school debater’s book is to make the opponents’ propositions appear so risible that the judges are
banking sector: With system-wide NPAs worse than Pakistan & Botswana, the Indian banking sector is in a mess – The Economic Times-R
By Ashwini Anand The Indian banking sector is in deep trouble. No, I am not referring to the 25%-50% crashes the stock prices of lenders such as DHFL,IIFL
More taxpayers should mean more taxes, too–Economic Times
The reported surge in the number of individuals declaring incomes above .`1crore is welcome. Official data shows a 68% increase in the number of crorepati
CAG Rajiv Mehrishi questions RBI’s accountability over NPA crisis – The Economic Times-R
Comptroller and Auditor General of India ( CAG) Rajiv Mehrishi on Tuesday questioned the role of RBI in the present banking crisis, asking what the regulator was doing
IBC: New delisting norms for IBC companies could trip punters’ bets – The Economic Times-R
By- Pavan Burugula Investors who have punted on the Insolvency and Bankruptcy Code (IBC) bound stocks hoping to cash in on business turnaround could be
Why government must not lean on RBI to relax norms for PCA banks – The Financial Express
The government should desist from asking banks to help alleviate the stress at NBFCs and Housing Finance Companies (HFCs) and leave it to lenders to
Lessons for RBI from the shocking Rupee slide and questions it has raised – The Financial Express-R
Many were then quick to credit the new inflation-targeting monetary policy regime introduced by former Governor Rajan to tame inflation and preserve “both internal and
Bhushan Power bid: NCLAT gives Tata Steel a chance to plead its case – The Financial Express-R
Senior counsel Abhshek Manu Singhvi, appearing on behalf of Tata Steel, alleged that the CoC gave JSW Steel undue chances to revise its bid after
GST muddle: AARs’ rulings clash on similar queries in two States – The Hindu BusinessLine
Payments made by foreign companies to liaison offices in the country will not attract GST, Authority of Advance Rulings (AAR) – Tamil Nadu has ruled.
Modi Govt’s tenure ‘best years’ of Indian economy: EAC-PM member – The Hindu BusinessLine
The Economic Advisory Council to the Prime Minister (EAC-PM) member, Surjit Bhalla, on Tuesday said that the four years of the Modi government are the
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