The sword of Damocles hanging over banks’ heads has been done away with, thanks to the Supreme Court’s ruling that has struck down the RBI’s
Month: April 2019
A huge setback – The Hindu BusinessLine
By quashing the RBI circular on resolution under IBC, SC has complicated the NPA mess By striking down the RBI’s February 2018 circular that mandated
Rating agencies see further delay in resolution process of stressed assets – The Hindu BusinessLine
But genuine borrowers now have more time for resolution The resolution of stressed loans where lenders’ aggregate exposure is ₹2,000 crore or more could get
| संहिता सैलावणार | बँकातील अनुत्पादित खाती लोकसत्ता
सर्वोच्च न्यायालयाचा निर्णय एका अर्थी योग्यच; परंतु आपल्याकडे बँकांना असलेल्या स्वातंत्र्याची मर्यादा लक्षात घेता त्याच्या परिणामकारकतेची खात्री नाही.. बुडीत कर्जे मार्गी लावण्यासाठी सहा महिन्यांत उद्योग
View: Congress’ NYAY isn’t airy-fairy at all – The Economic Times
By Praveen Chakravarty On March 25, Congress president Rahul Gandhi unveiled the Nyuntam Aay Yojana (NYAY) — minimum income scheme — an unconditional cash transfer programme for India’s 50
GST: Got a GST demand notice from taxman? These are the options you’ve to deal with it–Economic Times
By Archit Gupta Goods and services tax (GST) authorities are now tightening their reigns on those taxpayers who haven’t cleared their dues. The financial year has ended
In the interest of economy, CoC must rescue only viable firms – The Financial Express
By MS Sahoo In its long title, the Insolvency and Bankruptcy Code, 2016, specifies its objectives. It is reorganisation and insolvency resolution (reorganisation) of certain
GST collection back above Rs 1 lakh crore in March; hits new record high as return filings increase – The Financial Express
GST collections scaled record high of Rs 1.06 lakh crore in March, up from Rs 97,247 crore in the previous month, as compliance improved amid
RBI’s challenges | Business Standard Editorials
The main takeaway from the last monetary policy review of the Reserve Bank of India in February was a growing realignment between the financial stability concerns of the central
External stress returns | Business Standard Editorials
The official data is now available for India’s external account in the third quarter of the financial year 2018-19, between October and December 2018. According
NYAY works against jobs | Business Standard Column
Jobs has taken centre-stage in this election. While the government is on the defence (no pun intended), the opposition is gunning hard on the jobs front. The Congress,
Rahul Gandhi’s minimum income plan is fatally flawed – The Economic Times
Rahul’s NYAY will cost almost five times more, Rs 360,000 crore, or 1.8% of GDP. Indira Gandhi’s ‘Garibi Hatao’ swept the polls in 1971. Rahul Gandhi hopes
Junk Route to Active Corporate Bond Market–Economic Times
The lack of guidelines for investment in lower-rated bonds continues to hamper corporate bond market development in India. Sebi’s recent circular, however, has streamlined valuation
Beyond accounting | Business Standard Editorials
The Reserve Bank of India (RBI) has decided to defer the implementation of the Indian Accounting Standards (Ind-AS) for banks for the second year running
Cloudy outlook for our trade | Business Standard Column
Financial year 2019-20 (FY20) begins on a rather sombre note, despite expectation of a rate cut by the Reserve Bank of India (RBI) and buoyancy in the
RBI: Still unaccountable and above law? | Business Standard Column
Does the Reserve Bank of India (RBI) understand the Right to Information Act (RTI) far better than the central information commissioners, judges of high courts, and even those of
Some interpretation issues remain even after GST | Business Standard Column
Sukumar Mukhopadhyay Last Updated at March 31, 2019 21:39 IST Before the introduction of GST on July 1, 2017, there was a multiplicity of rates of duty in
Operational creditors face Shakespearean dilemma in Essar Steel insolvency | Business Standard Column
The operational creditors of steel companies face a Shakespearean dilemma. Though they wish to speak out against the problems at hand due to delayed payments
Rough flight ahead for Jet as legal worries loom large over revival plan | Business Standard Column
The clock ticks on the bank-led corporate restructuring exercise at Jet Airways. However, legal uncertainties that involve prospective investors, the employees and the operational creditors could make
From serious fraud probe to Malaria death, here are the key court orders | Business Standard Column
States cannot withdraw tax incentives Denial of fiscal incentives offered to industries set up in certain states to encourage development and generate employment continues to
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