A stalemate in Jaypee Infratech’s insolvency resolution process and the possibility of similar deadlocks in the rescue plans for other bankrupt realtors, where homebuyers form
Day: May 10, 2019
Supreme Court says unilateral alteration of contract by govt can’t be foisted upon unwilling party – The Financial Express
The Supreme Court on Wednesday held that any unilateral addition or alteration of a contract by the government can never be foisted upon an unwilling
Builders to refund GST on cancellation of flats booked in FY19 – The Financial Express
Builders will have to refund GST paid by home buyers in case he cancels the flat booked in the last fiscal and will be allowed
Judges must be independent, but must also be accountable – The Financial Express
It is almost an article of faith in India that, to preserve judicial independence, the judiciary mustn’t be made to submit to any kind of
Justice denied | Business Standard Editorials
The procedure through which the three-judge committee’s findings exonerated Chief Justice Ranjan Gogoi raises more questions than answers. One of the anomalies in the apex court is
More questions on GDP | Business Standard Editorials
Indian official data for both employment and output has increasingly begun to be questioned both internally and internationally. This concern began to be expressed first
‘Dodgy GDP numbers’ rattle markets; stocks go into free fall – The Hindu BusinessLine
Economic woes, poor corporate show add to gloom Stock markets in India are coming to terms with the impending economic stress even as the initial
Home buyers have no say in choice of GST rate: FinMin – The Hindu BusinessLine
A home buyer cannot decide which GST rate will be applicable on the amount remaining on an under-construction flat. A lowered duty was made applicable
ICRA expects better realisations for lenders under IBC in FY20 – The Hindu BusinessLine
Our Bureau Rating agency ICRA said on Wednesday it expects financial creditors to realise more than ₹80,000 crore in FY20 from the IBC process, against
Current crisis in SC is an opportunity to address serious gender disparity on the bench | The Indian Express
The judiciary is one of the least diverse institutions in this country with lack of gender diversity being the most visible yet ignored aspect. (Illustration
IL&FS crisis: Fraud office probes role of 4 credit rating agencies | Business News, The Indian Express
At least four credit rating agencies are being probed by the Serious Fraud Investigation Office (SFIO) for their role in rating the debt instruments of
Anil Ambani: Anil Ambani’s RCom’s bankruptcy begins; next hearing on May 30
The Mumbai bench on May 7, also had directed the existing RP to file a progress report by May 30 when it will hear the
funding for sme: Offer up to Rs 1 cr overdraft to MSMEs on turnover reported in GST returns: ICICI Bank – The Economic Times
ICICI Bank aims to bring in more digitised services for the MSME sector, enabling quicker payment transactions, less paperwork and faster reconciliation solutions. Pankaj Gadgil, Head
Danger signals on the world economy
Markets are down, not just in India but around the world, thanks to a fresh boost to trade tensions between the US and China, Iran’s
Narendra Modi: Could the single engine driving India crash? Yes, if you go by one of Modi’s top guys
Roy said that the 10 crore Indian consumers who have so far been powering the India’s growth story are now beginning to plateau out. Highlights
GDP data debate: Economists create own benchmarks as doubt on numbers stays – The Financial Express
The government itself has admitted there are deficiencies in its data collection. Economists and investors are increasingly showing that they have little or no confidence
With the demonetisation boost gone, reality check for tax regime – The Financial Express
Of the 6.68 crore e-returns filed for income tax in FY19, 6.49 crore were for FY18; hence the 19% growth claim. After analysts at Kotak
Jet Airways crisis: MCA orders SFIO probe into airlines’ books over siphoning of funds – The Financial Express
The MCA also wants a probe as to how Jet suddenly turned in a loss in FY18 after posting a profit for a couple of
MCA, IL&FS move SC to seek vacation – The Financial Express
At present, IL&FS group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process. The ministry of corporate affairs and
Jaypee Infratech case: CoC asks NBCC for clarifications on exit clauses, financing – The Financial Express
NBCC sought relief from taking consent of YEIDA for any business transfer between JIL and Yamuna Expressway SPV for transfer of assets as well as
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