I was happily surprised to know today that RBI has imposed penalty on bank for not monitoring end use of funds. I refer to the
Day: February 9, 2019
Shaktikanta Das stands firm on bad loans circular – The Economic Times
Reserve Bank of India governor Shaktikanta Das said there would be no changes to last year’s RBI circular that tightened bad loan recognition rules, frustrating companies and
Tax: Submitting fake bills to lower your tax liability? Tax department has ways to catch you–Economic Times
With the start of the new year, you must be receiving e-mails from your company’s accounts/HR department asking you to claim any reimbursements you are
Senior Citizen Savings Scheme (SCSS): Senior Citizens Savings Scheme saves tax, beats bank FDs: Here’s all you need to know about it–Economic Times
Any individual aged 60 and above can invest in it. Early retirees between 55 and 60 years can also invest in the scheme. The Senior
External borrowings for IBC bids welcome–Economic Times
It is noteworthy that RBI has given the go-ahead to raise external commercial borrowings (ECB) to bid for assets under resolution as per the Insolvency
In defence of RBI’s February 12 circular–Economic Times
It is welcome that the RBI governor, Shaktikanta Das, has chosen to stand by the controversial February 12 circular of the banking regulator, which elicited
Small sellers say field is still not level for playing – The Economic Times
With Cloudtail and Appario Retail making a comeback on Amazon, third-party vendors have expressed concern over how they would compete with these preferred sellers. ET spoke to several third-party sellers,
It is up to agencies to probe Chanda Kochhar: RBI governor – The Economic Times
Highlights RBI governor Shaktikanta Das’s maiden monetary policy resulted in a change in the central bank’s stance and also delivered a rate cut. Additionally, he
allahabad bank: RBI slaps Rs 3.5-cr fine on Corp Bank, Allahabad Bank for flouting norms – The Economic Times
The Reserve Bank has imposed a cumulative penalty of Rs 3.5 crore on state-owned lenders Corporation Bank and Allahabad BankNSE -3.64 % for violation of various norms. “This is
Parsvnath Developers: NCLT closes insolvency proceedings against Parsvnath Landmark–Economic Times
The tribunal has also directed the interim resolution professional appointed for Parsvnath Landmark to not “conduct any proceedings”. The National Company Law Tribunal has closed the insolvency
India may lose vital US trade concession as Trump considers withdrawing zero tariffs – The Financial Express
India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a
GoM favours paring GST to 5% on residential properties from 12% currently | Business Standard News
A panel of state ministers Friday favoured lowering GST on under-construction residential properties to 5 per cent, from 12 per cent currently. The Group of
PSB NPAs drop Rs 31,000-cr to Rs 8,65,433 cr in Apr-Dec FY19, says govt | Business Standard News
Bad loans of public sector banks declined by more than Rs 31,000 crore to Rs 8,64,433 crore in the first nine months of the current
‘Shocking beyond words’: Start-ups allege angel tax ‘terrorism’ by I-T dept | Business Standard News
Two start-ups have alleged the Income Tax department was harassing them over angel tax, less than 24 hours after Prime Minister Narendra Modi told Parliament how his
High credit-deposit ratio restricts banks’ ability to cut interest rates | Business Standard News
In a sign that borrowers might have to wait longer to enjoy the full benefit of 25 basis points cut by the Reserve Bank of India (RBI),
India’s exports to China set to touch record high as market access widens – The Hindu BusinessLine
India’s export to China is expected to reach an all-time high this fiscal with the US-China trade spat creating new opportunities for exporters and Beijing
Mr. Trump–Down, but not out – The Hindu BusinessLine
Support for Trump’s braggadocio is wearing thin, but there’s still no credible challenger There’s common consensus in Washington that President Donald Trump’s presidency is failing
Corporate taxes must be rationalised – The Hindu BusinessLine
For kick-starting the investment cycle, the Centre has to bite the bullet and cut tax rates for large companies While the Modi government can take
Keep RBI’s balance sheet strong: YV Reddy – The Hindu BusinessLine
There is merit in keeping at least the RBI’s balance sheet strong if the government’s fiscal balance sheet is weak, according to YV Reddy, former
रिझर्व बँक –नेणता ‘दास’ मी तुझा | लोकसत्ता अग्रलेख
रिझव्र्ह बँकेच्या गव्हर्नरपदी नेमणूक झाल्यानंतर शक्तिकांत दास यांचे पहिलेच पतधोरण गुरुवारी जाहीर झाले. म्हणून त्याकडे अनेकांचे लक्ष होते. याआधीचे गव्हर्नर डॉ. ऊर्जित पटेल यांचे आणि
