India’s new rules for foreign e-commerce platforms may be designed to protect local companies from Amazon.com Inc. and Walmart Inc., but consumers are likely to
Day: December 30, 2018
Five major challenges that shook India’s economy in 2018–The Print
From GST to RBI to NPAs, both institutions and governance had a turbulent ride. The year 2018 saw significant challenges for the Indian economy. Implementation
AAAR okays GST on inter-state office services – The Economic Times
In a blow for companies with a presence in multiple states, the Karnataka Appellate Authority for Advance Rulings has upheld the levy of goods and services tax
View: Is the new e-commerce policy really new? – The Economic Times
By Ruppal W Sharma At first glance, the amendments announced by GoI on December 26 on regulations for e-commerce retailers appear rather drastic. But is
RBI to set up compliance portal to track cyber fraud – The Economic Times
The Reserve Bank of India (RBI) would set up a compliance and tracking system portal to tackle the proliferation of cyber-fraud and seeks to establish a better
MSME: How alternative lending models are facilitating better access to credit for the MSME sector – The Economic Times
By Gaurav Kumar Nearly 60 million businesses comprise the MSME (Micro, Small, and Medium Enterprises) sector in India, which is responsible for driving a substantial amount of
Government plans to sanction one crore houses before 2020 – The Economic Times
More than 65 lakh houses have been approved so far for construction under the PMAY (U). The Union Housing and Urban Affairs Ministry initiated several
Committee Holds Out Promise of Sense–Economic Times
The composition of the committee appointed to determine the adequate level of reserves for the Reserve Bank of India (RBI), along with the three-month period
Bad loans of PSU banks are declining: Govt officials – The Economic Times
Bad loans of state-run banks are in decline and the lenders have recognised most of their stressed assets, a government official said. The gross non-performing assets
Big progress with China on trade, says US President Donald Trump after phone call with Xi Jinping – The Financial Express
US President Donald Trump on Saturday said “big progress” is being made on trade talks with China, following a long telephonic conversation with his Chinese
Debt recovery: IBC 3 times better than other routes – The Financial Express
Banks and other financial creditors managed to recover around Rs 4,92,500 crore from 21 accounts for which resolution plans were approved under IBC in FY18.
Examining role of IL&FS auditors long overdue – The Financial Express
IL&FS had 347 entities that were held via four levels of step-down subsidiaries and there were 142 entities at Level 4. The government has done
The myth of an ideal single-rate GST – The Financial Express
By Mukesh Butani & Tarun Jain The run-up to the enactment of the GST design revealed that the rate-structure dominated the Parliamentary debate on Constitution
Trump’s year – The Hindu BusinessLine
The antics of US President Donald Trump never cease to amaze and he has stayed true to form till the very close of the year.
Tax uncertainty continues on LLP conversions | Business Standard Column
Recently, the Mumbai Bench of the Income Tax Appellate Tribunal (Tribunal) ruled that conversion of a company into an LLP (limited liability partnership) firm would be construed
Is excess capital for RBI a necessary evil? | Business Standard Column
The Reserve Bank of India (RBI) has announced the constitution of a six-member panel to look into its economic capital framework. A reference to economic capital framework had
India’s festering problem with Big Retail | editorials | Hindustan Times
India’s uncomfortable relationship with Big Retail, which is foreign, online, or both, continues, with the government preventing online retailers from selling products of companies in
Strange deal: on new e-commerce police – The Hindu
The new e-commerce policy betrays a muddled view of online and offline retail The Centre’s curiously timed attempt to ‘clarify’ foreign direct investment norms for e-commerce players
When the state plays I spy | Opinion News, The Indian Express
A recent Gazette of India notification from the Ministry of Home Affairs, authorising 10 agencies with interception, monitoring, and decryption powers under Section 69 of
IBC–New recovery process works–Deccan Chronicle
After trying out several mechanisms to recover bad loans, like Lok Adalats and Debt Recovery Tribunals, the RBI’s Insolvency and Bankruptcy Code recovery process has
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