The overseeing committee (OC) that is being set up under the inter-creditor agreement (ICA) for resolution of stressed assets will have six members, including Janki
Month: October 2018
Absence of a deep bond market is major cause for banking crisis: CAG – The Hindu BusinessLine-R
The major cause for the current crisis in the banking system is the absence of a deep bond market and not “theft and bad lending”,
In defence of prompt corrective action–Economic Times
RBI deputy governor Viral Acharya has done well to defend the RBI’s scheme of placing troubled banks under Prompt Corrective Action (PCA) against the charge
Operational creditors get their due, but IBC slows – The Financial Express-R
Operational creditors get their due, but IBC slows Given their vastly larger loans, or skin in the game, it is not surprising that the Insolvency
Relief for suppliers to insolvent companies: IBC amendment now provides priority to operational creditors – The Financial Express-R
Abir Roy The treatment of operational creditors under the IBC has been a subject of numerous deliberations. There is scant protection which has been given
NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC | Business Standard News–R
The National Company Law Tribunal (NCLT) has sanctioned 45 resolution plans almost two years after the first set of insolvent corporates were taken for proceedings under the Insolvency and Bankruptcy Code
‘Input tax credit refund available for zero rated export of exempted items’ | Business Standard News
Q. We are a “hospital service provider” registered under GST. We wish to procure capital goods, both imported and indigenous, under EPCG authorisations, as we
Despite challenges, exports will reach new high this fiscal: Commerce Secretary – The Hindu BusinessLine-R
Despite many challenges, including issues like protectionism adopted by some developed countries, India’s exports this fiscal will witness a record high. “Given the export growth
A bad idea | Business Standard Editorials
The country’s central bank, Reserve Bank of India, and the Union government seem to be moving towards an unseemly spat over the issue of regulating
Some GST issues need clarifying | Business Standard Column
Since introduction of the goods and services tax (GST), exporters have been subjected to several difficulties. Among these are delays and costs in getting refunds, unrealistic conditions
In the mind of a stressed borrower | Business Standard Column-R
When a firm faces stress, the story turns on whether it is insolvent or merely illiquid. In this article, we put ourselves in the shoes
What ails the great Indian asset sale? | Business Standard Column-R
In September, after the annual review meeting with the chiefs of public sector banks, Finance Minister Arun Jaitley said that non-performing assets with these banks
The mystery of lower food inflation | Business Standard Column
Like the night sky, our stars keep moving. To respond to an evolving macroeconomic environment and set monetary policy appropriately, we keep track of the changes in
GST’s latest in word cascade | Business Standard Column
Last Tuesday, the Union finance ministry issued two notifications, amending the provisions for granting refunds to exporters. One with retrospective effect from October 23 last year and
Rising outward remittances | Business Standard Column
In the current debate over how India’s current account deficit has widened and what measures need to be taken to keep it under check, there has often
Q2FY19 preview: NBFCs’ medium-term challenges to stay; not yet time for buy | Business Standard News
Non-banking financial companies (NBFCs) in India or across the globe have a simple business model — borrow from banks or capital markets in the form
Lottery under GST to counterfeit note case, here are key court orders | Business Standard News
SC frowns on interim orders in NPAs The Supreme Court has disapproved of some high courts continuing to entertain matters arising from the Securitisation (Sarfaesi) Act and
When anti-profiteering authority bares fangs: Here’re lessons from 8 orders | Business Standard News
Anti-profiteering provisions under GST emanate from Section 171 of the Central Goods and Services Tax (CGST) Act, which mandates that (i) benefit on account of reduction in effective rate
Cover your tracks – The Hindu BusinessLine
The Supreme Court directive on long-term motor insurance has resulted in a flood of options. We break down the various changes for you… Did you
Cutting down maintenance charges – The Hindu BusinessLine
Apartment complexes can take simple steps to reduce their expenses on upkeep “Why is the monthly maintenance service bill so high at my high-rise complex?”
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