Former prime minister Manmohan Singh Saturday claimed the Congress’ ‘Nyay’ minimum income guarantee scheme will not result in any new taxes and help restart the “economic
Month: April 2019
Jobs in India: The challenge of creating more employment – The Financial Express
By Anjali Tandon Job creation has been a preoccupation with policymakers for long. The lacklustre performance of Indian manufacturing has prevented the absorption of labour
How to outwit cyber criminals in a rapidly changing world | Business Standard Column
The world has come a long way since the first computer viruses — Creeper, Wabbit and Elk Cloner — were unleashed on the ARPANET (forming the technical
Mumbai HC grants bail to man held for circular trade, fake ITC claim | Business Standard News
The Bombay High Court has granted bail to a person, arrested on charges of circular trading and fictitious claim of input tax credit under the goods and services
Is the US economy heading for a slowdown? – The Hindu BusinessLine
“Recession is so far in the distance I can’t see it,” White House Chief Economic Advisor Larry Kudlow said late last year. Just 11 years
NYAY to be implemented without additional taxes on middle class: Manmohan Singh – The Hindu BusinessLine
India’s nearly $3 trillion economy has the fiscal capacity to absorb the expenditure to fund NYAY, the minimum income support scheme promised by Congress Party,
Investors panic as Income Tax seeks details from unlisted companies – The Economic Times
A Mumbai-based investor who has stakes in a few startups and unlisted companies is seeking to exit the investments in the next few months. Another
Lenders invoke IBC norms to keep stressed assets in NCLT – The Economic Times
Lenders will cite one day default clause under Insolvency and Bankruptcy Code (IBC) to defend their action against erring promoters taken to insolvency under the
All is well with Modi’s Mudra loans; NPAs within RBI limits, says finance ministry official – The Financial Express
The non-performing assets (NPAs) under Modi government’s flagship scheme Pradhan Mantri Mudra Yojana (PMMY) for promoting small businesses are within the Reserve Bank of India’s permissible
After suspension of operations, lenders explore ways to lease Jet Airways’ aircraft – The Financial Express
Lenders of the now-grounded Jet Airways are looking at raising funds through leasing of the aircraft owned by the carrier, which include 10 Boeing 777
RP moves NCLT for extension of Asian Colour Coated Ispat deadline | Business Standard News
Sole bidder JSW Steel’s Rs 1,200 crore offer for downstream company, Asian Colour Coated Ispat Limited, may be under a cloud, as the resolution professional and the
Bankers hope for less pain as RBI readies new stressed-asset norms – The Hindu BusinessLine
Bankers are hoping the Reserve Bank of India (RBI) will be somewhat liberal when it brings out a fresh circular on the resolution of stressed
Modi promises ₹50-lakh loan without collateral, welfare board for traders – The Hindu BusinessLine
Prime Minister Narendra Modi on Friday promised traders ₹50-lakh loan without any collateral, credit card facility and a pension scheme for small shopkeepers as he
Why leeway under IBC eludes many MSMEs – The Hindu BusinessLine
In a bid to keep out errant promoters and wilful defaulters, Section 29A was introduced in the Insolvency and Bankruptcy Code in 2017. But given
IBBI suspends erring insolvency professional for two years – The Hindu BusinessLine
Insolvency regulator IBBI has suspended for two years the registration of Sanjay Kumar Ruia, an insolvency professional. This follows the IBBI’s Disciplinary Committee concluding that
RBI minutes: MPC members divided over interest rate cuts, RBI minutes show – The Economic Times
Weakening of domestic growth impulses and global slowdown prompted RBI Governor Shaktikanta Das to vote for a 25 basis points cut in interest rate announced earlier this
RBI Monetary policy: RBI inflation goals need to be reviewed: PM’s adviser–Economic Times
By Archana Chaudhary India’s new government should review the central bank’s inflation goals, including whether consumer prices or the underlying core measure is the appropriate
Prepare to turn the page on Jet Airways–Economic Times
Shed a tear for Jet Airways, but there is no case for a torrent of sympathy for the airline grounded by protracted mismanagement. The only
jet airways: Jet suitors ask lenders to settle for 80% haircut – The Economic Times
Jet Airways’ temporary shutdown has significantly aggravated problems for the airline with potential investors asking lenders to take an upto-80% haircut on their Rs 8,500-crore
Jet Airways crisis: Why did banks delay work on a solution for so long? – The Financial Express
Jet Airways crisis: Why did banks delay work on a solution for so long? At the risk of sounding harsh, it must be said that
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