A Mumbai bench of the National Company Law Tribunal (NCLT) has issued notices to the CEOs of Axis BankNSE 2.56 % and Standard Chartered Bank on a plea by the Ministry of Corporate Affairs (MCA)
Day: April 27, 2019
Card payments: 28% of consumer complaints to RBI are about digital and card payments–Economic Times
About 28% of the complaints filed by consumers with the Reserve Bank of India are in the space of digital transactions and card payments, according to data released
Amitabh Chaudhry: CEOs of Axis Bank, Standard Chartered face contempt plea–Economic Times
The Ministry of Corporate Affairs (MCA) has filed contempt applications against Axis BankNSE 2.56 % CEO Amitabh Chaudhry and Standard Chartered Bank India CEO Zarin Daruwala in the Mumbai bench of the National
RBI: Disclose defaulters list, NPAs of banks under RTI: SC gives final warning to RBI–Economic Times
SC directs RBI to disclose information on bank inspection report under RTI The Supreme Court rapped the RBI, directing it withdraw its 2016 policy on non-disclosure
Supreme Court vs RBI: Naming and shaming will curb wilful defaults, usher in transparency – The Financial Express
RBI: Supreme Court gives final warning to RBI to disclose information about NPAs, bank inspection reports. Bank NPAs: Supreme Court’s direction to the RBI to disclose its annual
Indian consumers face post-election fuel price shock, economy could be hit – The Economic Times
Surging global oil prices will pose a first big challenge to the new government, whoever wins an election now under way, especially as domestic prices have been
But where & how do we charge our EVs?–Economic Times
NITI Aayog has been nudging domestic oil majors to set up electric vehicles (EVs) charging infrastructure, at a thousand petrol pumps to begin with. The
RBI’s Feb 12 circular: SC ruling doesn’t undermine IBC – The Financial Express
By way of the Circular, RBI, rather than getting into a case- or sector-specific default, set out conditions under which banks were mandatorily required to
Resolution plans yielded 200% of liquidation value for creditors: IBBI chief – The Financial Express
Resolution plans under the Insolvency and Bankruptcy Code (IBC) have yielded double the liquidation value for creditors who are realising an average 45% of their
GDP growth may top 7 per cent this fiscal, says CEA Krishnamurthy Subramanian – The Financial Express
On difficulties being faced by more non-banking finance companies (NBFCs), he said the government is aware of the matter and would initiate steps at the
Businesses can use IGST credit to settle centre, state tax dues: CBIC | Business Standard News
Under GST, the tax levied on consumption of goods or rendering of service is split 50:50 between the centre (CGST) and the state (SGST) Businesses
GST Council gives firms more flexibility on use of input tax credit | Business Standard News
In yet another simplification, the Goods and Services Tax (GST) Council has added flexibility into the way a company can utilise the available input tax
Finance Ministry simplifies ‘self-assessed’ to file GST composition scheme | Business Standard News
Businesses that use the composition scheme to pay GST can file ‘self-assessed tax’ return on a quarterly basis in a simplified form, the finance ministry has said. Businesses had
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