The minister talked about the government’s ambitious Sagarmala Programme and how it is poised to revolutionise maritime logistics and port led developments in India. (PTI)
Month: November 2018
Medical Devices industry–Under the skin | Business Standard Editorials
The Indian medical devices industry is in serious need of examination. A series of reports from The Indian Express and the International Consortium of Investigative Journalists (ICIJ)
Income Tax-Misplaced enthusiasm | Business Standard Editorials
The income-tax department has, for some time now, sought to crack down on unlisted companies that issue shares at a premium. This follows the amendment
Bring back court scrutiny of corporate schemes | Business Standard Column
If news reports are to be believed, a proposal to prune the jurisdiction of the National Company Law Tribunal (NCLT) is afoot. The power of the NCLT to approve
‘No duty on imported inputs if export goods produced in bonded warehouse’ | Business Standard News
Q. We refer to your recent article ‘For a change, a useful and needed circular’. We import the majority of our raw materials, process them
CRISIL SME tracker: TReDS will materially change MSME credit access | Business Standard News
To address the funding crunch faced by micro, small and medium enterprises (MSMEs), the government on November 2, 2018, announced initiatives to improve credit access, as part
‘Drawee must agree to bill of exchange by signing on face of instrument’ | Business Standard News
Q. The drawee has not accepted the bill of exchange by signing on the face of the instrument but has given a separate letter of acceptance. Is
US-China spat may spell manna for SME leather exporters: CRISIL | Business Standard News
CRISIL Research expects 2018-19 to be a good one for India’s small and medium enterprise (SME) leather exporters, given a pick-up in demand from the US and
NRIs don’t need to reveal details of foreign bank accounts, assets to Indian tax dept: I-T Tribunal – The Hindu BusinessLine
The Income-Tax Appellate Tribunal (ITAT) has said NRIs do not need to reveal details of their foreign bank accounts and assets to Indian authorities. The
Restructuring of MSME loans a ‘step backwards’, risks to manifest in 6-9 months: Fitch – The Hindu BusinessLine
The decision to restructure loans of up to Rs 25 crore for the MSME sector is a “step backwards” and the risks to the banking sector will
Engineering exports may dip $5 b this fiscal on growing protectionism: EEPC – The Hindu BusinessLine
Engineering exports are expected to dip by $5 billion in the current fiscal following increased protectionist measures by the US and Europe. The ambiguity over
Suspension of Aadhaar verification to hit lending of small fintech players – The Hindu BusinessLine
Fintech players, especially online lenders in the personal and consumer loans segment, are likely to face slowdown in business following the Supreme Court order that
NBFC problem is one of insolvency, not liquidity – The Financial Express
Going by the substantial rollovers and new issuances of commercial paper (CP) by NBFCs, in November so far, there seems to be no crisis. The
RBI: Signal to govt? Urjit Patel says RBI needs its current reserves – Times of India
The current level of currency reserves held by RBI is necessary in view of international volatility and to maintain high creditworthiness, governor Urjit Patel told a parliamentary committee on
The Reserve Bank versus government saga: In search of core solutions – The Economic Times
By Ananth Narayan The last few months have been busy for our financial ecosystem, for the wrong reasons. RBI folks have been busy penning and
Urjit Patel steers clear of questions on govt invoking section 7; here’s what you need to know – The Financial Express
RBI governor Urjit Patel on Tuesday steered clear of questions on whether the Narendra Modi government invoked special powers under the never-used Section 7 of
Bankrupt plan: New bankruptcy resolution plan is full of holes, a bad idea – The Financial Express
With a good number of cases having been heard and successfully concluded, the time taken to resolve the next lot of cases should be much
MPC must prepare for cutting interest rates; risks to core inflation have abated – The Financial Express
External and domestic factors have completely overturned India’s inflation scenario since the October review of monetary policy. International oil prices have nosedived, and quite unpredictably
Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC – The Financial Express
The resolution plan so reached can then be placed before the NCLT for approval, so that it can be implemented. The government is exploring the
Decoded: Brexit effects on the global economy – The Financial Express
Tax and regulatory arbitrage are likely to become increasingly common as well. The singular issue of Brexit has consumed the United Kingdom for two and
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