Acceptance of unregulated deposits could trigger attachment and freezing of assets and even imprisonment. Highlights ‘The Banning of Unregulated Deposit Schemes Ordinance, 2019’ was notified
Day: February 27, 2019
Targeted Budget: April-January fiscal deficit at 121.5% of full-year target–Economic Times
India’s April-January fiscal deficit touched Rs 7.7 lakh crore ($108.36 billion). Fiscal deficit touched 121.5 per cent of the full-year revised target of Rs 6.34 lakh
MSMEs present an additional $70 bn lending opportunity to banks – The Economic Times
In January, the Reserve Bank had announced restructuring of MSME accounts under Rs 25 crore that have become stressed. The micro, small and medium enterprises
Taxman agrees GST evasion by builder can’t be tackled – The Financial Express
Given how the real estate sector is such a big source of black money, it is unfortunate that the GST Council has opted for this
Insolvency process: Manoj Gaur offers to clear Jaypee Infra dues of Rs 8,358 crore – The Financial Express
In a last-ditch effort to regain control of the insolvent Jaypee Infratech (JIL), its erstwhile promoter Manoj Gaur has offered to clear dues of financial
Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure – The Financial Express
According to estimates, the IBC has helped address stressed assets worth approximately Rs 3 lakh crore — directly or indirectly — since the new law
Binani Cement case: Cementing the EXIM Bank stand – The Financial Express
By Debasish Mallick & Priti Thomas Recently, the NCLAT had dismissed the appeal of Rajputana Properties Private Ltd, originally declared as the highest bidder (H1),
Tax boost for real estate | Business Standard Editorials
The Goods and Services Tax (GST) Council has provided a big relief to the real estate industry by cutting the rate on under-construction housing to
Insolvency & Bankruptcy code: Govt looking at ways to avoid frivolous bids | Business Standard News
It is being considered whether criminal proceedings should be initiated against those not implementing resolution plans or should they be barred from bidding for other
Lessons from RCom mess: Exit of the weak boosts profits for the survivors | Business Standard Column
In his column in Business Standard on Saturday, T N Ninan showed the gloomy environment of private businessmen facing difficulties. There are major difficulties in the Indian arrangements of
IBC reigns supreme over other civil laws, says Delhi High Court | Business Standard News
The Delhi High Court on Friday upheld the supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and
Bad debts to break: Challenges, achievements of India’s insolvency law | Business Standard News
The January 25 Supreme Court judgment on the constitutional validity of India’s fledgling insolvency law in its “entirety” is a booster dose for the lenders
Govt must address group insolvency, runaway bidders issues: Industry – The Hindu BusinessLine
Corporate India expects the Government to take “adequate measures” to resolve issues around ‘Group Insolvency’, runaway and pseudo bidders so as to further strengthen the
IBC to play significant role in India becoming $ 10 trillion economy, says MCA – The Hindu BusinessLine
Insolvency and Bankruptcy code (IBC) will play a significant role in India realising its dream of evolving into a $ 10 trillion economy in foreseeable
Surgical Strike 2.0: Pakistan gets a clear message from India that hosting terrorists and staging terror attacks will prove costly–Times of India
The pre-emptive Indian Air Force strikes in Pakistan and Pakistan Occupied Kashmir that have hit camps of Jaish-e-Mohammed and other terror outfits will send a
Certainties in the wake of the IAF strikes | columns | Hindustan Times
The Indian Air Force’s (IAF) cross-border airstrikes leave some certainties in their wake — some negative, some positive, and in India and Pakistan. Let’s list
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