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
Month: December 2018
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
Over 6,000 officers of PSBs held responsible for bad loans in FY18: Arun Jaitley – The Economic Times
Depending upon the gravity of lapses, the minister said “minor penalty/ major penalty have been imposed against erring officials” The government Friday said action has
Ecommerce Policy: Modi’s e-commerce policy: Here are the winners and losers
The new dispensation seeks to ensure that these platforms are truly impartial marketplaces. The recent tightening of norms for online marketplaces with foreign investment are
GST evasion worth Rs 38,896 cr detected during April-Oct – The Economic Times
The government has detected GST evasion worth Rs 38,896 crore in 6,585 cases in the April-October period of 2018-19, Parliament was informed Friday. Minister of State for Finance Shiv Pratap
Why you should file belated ITR before December 31 | Economic Times
If you still have not filed your ITR it is best to do it before December 31, 2018 to avoid paying higher penalty on late
US Syria: Syrian surprise: How Trump’s phone call changed the war – The Economic Times
President Donald Trump’s declaration in a phone call with Tayyip Erdogan that he was pulling U.S. troops from Syria has stunned Turkey and left it scrambling to respond to
April-November fiscal deficit touches nearly 115 per cent of FY target – The Economic Times
The government’s fiscal deficit touched 114.8 per cent of the full-year estimates at the end of November, stoking concerns that the gap between the target set for
Gross NPAs jump to 11.2% or Rs 10.39 tln in FY18: RBI Report – The Economic Times
The monetary authority also said it will look into implementation of Ind-As, corporate governance in banks and a revised framework for securitisation. System-wide gross non-performing
DIPP: Faster patents for women, small business – The Economic Times
The government has proposed to fast-track patent applications from women and small businesses in its latest bid to encourage innovation from new category of innovators. Currently, the benefit of
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