In a huge relief for FMCG, food, retail chains and pharma companies, the government has clarified that promotional schemes such as buy-one-get-one-free (BOGO) and additional quantity
Month: March 2019
Kotak Mahindra Bank joins ‘PSB Loans in 59 Minutes’ – The Economic Times
Online PSB Loans Limited and Kotak Mahindra Bank (Kotak) today announced that Kotak is the first private sector bank to join the platform – psbloansin59minutes.com. Kotak will offer loans up to
Crisis-hit Jet Airways defaults on foreign loan repayment – The Financial Express
The company has engaged with the lender in relation to the same, the filing added. Cash-strapped Jet Airways Monday defaulted on foreign loan repayment due
RCom lead lender SBI slammed for giving false hope over sale to Jio – The Financial Express
“You clapped with RCom and claimed that you would recover around Rs 37,000 crore from sale of assets to Reliance Jio…you had earlier cited losses
Why Reserve Bank of India should cut CRR levels – The Financial Express
Will free up cash reserves and create room for lower rates. India’s investment cycle has been in a trough for several years now. And it
Answering questions on the unemployment rate | Business Standard Column
Last week’s column announcing that the unemployment rate had reached 7.2 per cent led to a flurry of television interviews on the issue of jobs in which many anchors
The rise, the fight and the fall of Jet Airways | Business Standard Column
As the Jet Airways saga appears to be drawing to a close, it may be worthwhile to try and understand what went wrong. When did things slip
‘GST payable on composition fees and import licensing fees paid to JDGFT’ | Business Standard News
Q. Are we required to pay GST on fees for import licence and composition fees for regularisation of defaults that we pay to JDGFT? In my opinion, “Yes”, if
Settlement of health-cover claim must improve, says IRDAI chief – The Hindu BusinessLine
Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI), on Monday, asked health insurers and health providers to raise the bar on “claim settlements”,
GST–Companies with high input tax claims under lens – The Economic Times
Indian businesses that paid most of their goods and services tax (GST) liability using input tax credit or reported asignificant variation in turnover are being queried by
RBI: RBI says no data on demonetised 500, 1,000 notes used at petrol pumps – The Economic Times
The Reserve Bank of India also said it did not have information on the number of SBNs used to buy KYC-compliant instruments like insurance policies.
High value cars, jewellery to become cheaper as TCS to be excluded in computing GST–Economic Times
In a relief to buyers of high value cars and jewellery, the CBIC has said that the TCS amount would be excluded from the value of goods for computing GST liability. Under the Income Tax Act, tax
IBC–Open offer pain | Business Standard Editorials
The Securities and Exchange Board of India (Sebi) has tightened the norms for open offer exemptions in cases of debt restructuring. Only lenders such as banks and financial
From inter-state sand trade to excise duty, here are the key court orders | Business Standard Column
Governments can’t ban inter-state sand trade The Supreme Court has ruled that a state government cannot ban the movement of sand to other states, as it violated
Maharashtra takes lead to clear pre-GST cases | Business Standard Column
The government of Maharashtra promulgated an Ordinance on March 6, notifying a scheme for settlement of tax arrears, as a logical follow on to its state cabinet
Pledging of shares: Do lenders need to rethink their strategy? | Business Standard Column
Ruchir Sinha, head of the PE and M&A practice at Nishith Desai Associates, and Mohammad Kamran, a senior member of the firm’s international litigation and dispute
NCLAT allows withdrawal of Liberty House bid for ARGL – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Friday allowed the withdrawal of UK-based Liberty House bid for ARGL on the plea of resolution professional of the debt-ridden company.
It won’t be easy to claim 2 house properties as self-occupied for tax purposes: View – The Economic Times
By Naveen Wadhwa and Dipen Mittal Owning one house is a necessity but owning two houses might be a compulsion. If a person has to
Operational creditors benefit equally from IBC: IBBI – The Economic Times
The Insolvency and bankruptcy Board of India (IBBI) Saturday said both operational and financial creditors have benefitted alike from resolutions under the IBC. IBBI chairman M S Sahoo
SBI bites the bullet: Will other banks also link interest rates to RBI repo rate? – The Financial Express
India’s largest lender State Bank of India made a historic decision on Friday to link interest rates on savings deposits above Rs 1 lakh and
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