India plans to take more steps to boost consumer demand including injecting liquidity through banks and simplifying personal taxes, a top government economic adviser said
Day: October 19, 2019
Many companies in a fix as working capital may be stuck due to a GST regulation – The Economic Times
Many companies could face a stress on their working after a Goods and Services Tax (GST) regulation may lead to hundreds of crores stuck in input tax credit claims.
Bad loan crisis: View: Grab what you can in India’s bad loan melee–Economic Times
By Andy Mukherjee Snatch-and-grab is the new hallmark of Indian finance. As a banker friend in Mumbai put it to me only half-jokingly, a unit
Companies under NCLT asked to inform about export liabilities – The Economic Times
Companies that are under the adjudication proceedings before the NCLT have been directed to inform the Directorate GeneralNSE -4.75 % of Foreign Trade (DGFT) about their outstanding
GST: Dealing in international trade? You may not be classified as exporter–Economic Times
By Archit Gupta One of the important decisions taken in the 37th GST Council meeting held on September 20, 2019 was that GST will not apply to intermediaries dealing
Many companies in a fix as working capital may be stuck due to a GST regulation – The Economic Times
Many companies could face a stress on their working after a Goods and Services Tax (GST) regulation may lead to hundreds of crores stuck in input tax credit claims.
India Economy | The Sitharaghuraman show: Dear FM, economy needs corrective action, not blame game–Economic Times
By Mythili Bhusnurmath Former RBI governor Raghuram Rajan has a rare knack for wading into controversy, whether in office or out of it. Appointed by the UPA government, he
Brexit basics: What is Brexit and why does it matter? – The Economic Times
The United Kingdom is due to leave the European Union at 2300 GMT on Oct. 31. Below is an explainer of the Brexit basics: BREXIT? A blend
Tackling the rural credit squeeze–Economic Times
All the king’s horses and all the king’s men couldn’t put Humpty Dumpty together again. Little children are not given, after merrily elocuting the irreversibility
Export or stagnate: There is no substitute for export-led growth, decline indicates economy losing steam–Times of India
The global economy is currently in the midst of a synchronised slowdown, with almost all major economies losing momentum. An important cause of this slowdown,
pmc fraud: Rs 10.5 crore cash missing from PMC records: Bank’s internal investigation team – The Economic Times
PMC Bank‘s internal investigation team has made a startling revelation: A total of Rs 10.5 crore cash is missing from the bank’s records. The team has found
Aayas Trade Services: Mantri creditor Aayas Trade moves NCLT against realtor
A creditor of beleaguered city-based realtor Mantri has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against the developer for its failure to develop
Government mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas – The Economic Times
The government is examining suggestion to raise threshold of Rs 1 lakh default to invoke the Insolvency and Bankruptcy Code (IBC) to reduce number of cases in
IBC Resolution: Time-bound e-bidding to speed up IBC resolution–Economic Times
The government amended the Insolvency and Bankruptcy Code in an attempt to speed up the corporate insolvency resolution process by setting a limit of 330
RBI monetary policy panel’s worries about growth signals more rate cuts | Business Standard News
The Reserve Bank’s Monetary Policy Committee (MPC) was unanimous in its view that a deepening economic slowdown is worrying enough to keep interest rates low
The present economic crisis is worse than 2008 recession: Goldman Sachs | Business Standard News
The consumption slump, a major challenge afflicting the economy, cannot be attributed to the NBFC crisis as it predates the first default by infra lender
GST Review: Only way to increase revenue is to plug the leakage, curb fake GST invoices – The Financial Express
GST Tax: Concerned with the dwindling tax collections under the GST, the Modi government has embarked on one of the most comprehensive review of a nationwide
Govt asks PSBs to look for alternative resolution mechanism outside IBC | Business Standard News
The Union government has directed public sector banks (PSBs) to look for an alternative resolution mechanism outside the Insolvency and Bankruptcy Code (IBC). The government has further told them
Formula on cards to distribute insolvency funds: Corporate Affairs Secy | Business Standard News
In the past three years since the IBC was introduced, 21,000 cases have come for resolution, of which 10,000 have been settled according to government
NCLAT sets aside insolvency plea of bauxite exporter Ashapura Minechem | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Mumbai NCLT admitting a plea filed by bentonite and bauxite exporter
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