The government has trained its guns on around 3,500 exporters whose customs records are not matching their income tax returns, while another 3%-odd traders are under the lens
Month: June 2019
Bogus IGST refund claims: Government to verify exporters’ claims before sanctioning – The Economic Times
With the government detecting fraudulent refund claims by exporters, the CBIC has asked customs and GST officers to closely verify the IGST refund claims before
Govt asks banks to appoint GM-level officer to address MSME sector woes – The Economic Times
In a bid to promote MSME sector, the government Thursday asked banks to appoint a general manager-level official to resolve the problems being faced by micro and
From cell towers to voluntary retirement, here’re the key court orders | Business Standard Column
Courts cancel railways’ curb on investors The Calcutta High Court last week, as well as the Orissa High Court earlier, has disapproved of the restrictions imposed by the railways on the
Awaiting refund of cancelled Jet flight? You are unlikely to get it soon | Business Standard News
If you have initiated a refund against your Jet Airways flight, you are unlikely to get it anytime soon. As the beleaguered airline ran out of funds,
Promoters can take part in liquidation process if lenders okay IBC exit | Business Standard News
Promoters can take part in liquidation process once their companies are out of the purview of the Insolvency and Bankruptcy Code (IBC), a senior government
SC verdict in Sebi-NCLT legal tussle will set a precedent, say experts | Business Standard News
The Supreme Court’s verdict in the case filed by market regulator Securities and Exchange Board of India (Sebi) against an order by the National Company Law
A new challenge for the microfinance industry? | Business Standard Column
In October 2010, the enactment of a law in the southern state of Andhra Pradesh, then a hotbed of the microfinance industry, almost killed it.
Jet pilots, engineers, Dutch vendors want to be parties to bankruptcy case | Business Standard News
The pilots and engineers unions of Jet Airways and two Dutch logistics vendors to the grounded airline Wednesday moved the NCLT seeking them to be made parties to the
MEIS cannot be claimed 2 years after prescribed last date: TNC Rajagopalan | Business Standard News
We were unable to claim MEIS benefit within three years of the shipping bill date. Is it time-barred? Is there any remedy? According to Para 3.15 of
SME Landscape in India – Growth, Challenges and Opportunities | Business Standard News
India is one of the fastest growing economies of the world. In the last half-decade, the economic growth has steadily accelerated and most importantly, remained
Glacier meltdown | Business Standard Editorials
That the Himalayan glaciers are melting rapidly is known. But what is unnerving is that the rate of their erosion has doubled in recent years. This latest
Relief for MSMEs | Business Standard Editorials
A Reserve Bank of India (RBI) committee set up to look at the problems of domestic micro, small and medium enterprises (MSMEs) has suggested welcome measures, including
Repairing NBFCs | Business Standard Editorials
Recently released data from the Finance Industry Development Council (FIDC) delineates the extent of the slowdown in the non-banking finance companies (NBFC). According to the
From cell towers to voluntary retirement, here’re the key court orders | Business Standard Column
Courts cancel railways’ curb on investors The Calcutta High Court last week, as well as the Orissa High Court earlier, has disapproved of the restrictions imposed by the railways on the
Take action against erring exporters but ensure protection to innocent: FIEO to govt – The Financial Express
The government should take strict action against erring exporters but should ensure that no innocent is taken to task, apex exporters body FIEO said Wednesday.
Stressed steel assets may see lower recovery rates in round 2 of resolutions – The Hindu BusinessLine
Even though recovery rates from stressed assets in the steel sector have been higher till now, the same is expected to dip in the next
US-China trade war ‘opportune time’ for India to attract multinationals, says economist Arvind Panagariya – The Financial Express
The escalating trade war between the US and China is an “opportune time” for India to attract the large multinationals looking for alternative locations outside
RBI’s issues go Viral! Deputy Governor’s exit strengthens view that govt uneasy with dissent – The Financial Express
Various Indian governments have had, from time to time, top economists who have been educated abroad—indeed, many of Dr Manmohan Singh’s team when he was
Banks’ gross NPAs to shrink to 8% by March 2020 – The Financial Express
Gross NPAs within the banking system hit a peak of 11.5% in March 2018 and stood at 9.3% in March 2019. Reduction in fresh accretions
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