By Anirban Nag India’s worsening banking problems are adding a new layer of complexity to the central bank’s monetary policy as it prepares to cut interest rates
Month: October 2019
RBI rate cut: Why another rate cut may not help India – The Economic Times
By Mihir Sharma It’s almost universally expected in India that the central bank’s monetary policy committee will lower interest rates this week. Many expect it to keep
Deloitte Haskins and Sells questions NCLT ambit – The Economic Times
Deloitte Haskins and Sells, an auditing network firm of Deloitte India, on Thursday challenged the constitutional validity of National Company Law Tribunal’s (NCLT) power to sack
The challenge of slowing world trade–Economic Times
World trade is slowing, drastically. This, by itself, does not warrant export pessimism in India. Concerted effort by industry and the government can still accelerate
A welcome rethink by Supreme Court–Economic Times
Four things are noteworthy in the context of the Supreme Court’s recall of its 2018 order diluting the efficacy of the Scheduled Castes and Scheduled
Kerala finance minister Thomas Isaac blames ‘mess in GST’ for low mop-up | Business Standard News
The dwindling goods and services tax (GST) collections, which fell to a 19-month low in September, have triggered a war of words between Kerala Finance
MP, Punjab express concerns over delay in release of GST share by Centre | Business Standard News
Madhya Pradesh and Punjab on Thursday raised concerns over delay in release of GST revenue and other funds by the Centre to the states, saying
The macro arithmetic of corporate tax cuts – The Hindu BusinessLine
C Rangarajan / DK Srivastava The changes in corporate income tax (CIT) changes announced last month by the Finance Minister constitute an important milestone in
Auto sector slowdown, widespread rainfall in Aug impacted GST mop-up, says Centre – The Hindu BusinessLine
The Centre has blamed the cyclical slowdown in sectors such as automobile and widespread rainfall during August for the low Goods and Services Tax (GST)
Dip in GST collections tells a story – The Hindu BusinessLine
Reviving economic activity along with streamlining glitches in the GST network can make a difference. In the current scenario, both the Centre and States’ finances will be
The great onion crisis in India is back to Modi’s dismay – The Economic Times
By Anuradha Raghu and Pratik Parija Onions in India are once more at the epicenter of a major controversy, pitting government officials who want lower
PMC Bank crisis: The collapse of PMC exposes the fault lines in the financial system–Economic Times
PMC’s results in FY19 show no issues with the bank, with net NPAs of 2.19% and capital adequacy ratio (CAR) of 12.62% — above the
PMC case: ICAI to check role of auditors – The Economic Times
The suspended managing director of PMC Bank, Joy Thomas, has blamed the auditors for the mess at the bank, accusing them of only “superficially auditing”
No MAT credit, additional depreciation if you chose new lower tax rates – The Economic Times
The Central Board of Direct Taxes (CBDT) on Tuesday evening said that companies that opt for the new tax rate will lose out on the Minimum Alternate Tax (MAT)
PMC’s suspended MD Joy Thomas blames ‘superficial auditing’ for mess – The Economic Times
The suspended managing director of Punjab and Maharashtra Cooperative (PMC) Bank, Joy Thomas, has blamed the auditors for the mess at the bank, accusing them of
Corporate tax cut is a signal to structural reforms: CEA – The Economic Times
Describing the recent corporate tax cut as a signal to structural reforms, Chief Economic Advisor KV Subramanian on Wednesday said the government needs to focus
Insurance companies can no longer exclude many illnesses – The Economic Times
In a move that will benefit lakhs of policyholders, insurance companies have been barred from excluding illness associated with hazardous work activity, artificial life maintenance, treatment of
Resolution plans ready for all 302 entities: IL&FS – The Economic Times
The IL&FS board is targeting to achieve resolution for significant quantum of addressable debt by March 2020, the presentation said. A year after the crisis
How GST is hurting this set of Indian SMEs, global competitiveness lost – The Financial Express
By Abhishek A Rastogi and Pratyushprava Saha Trade, Imports, Exports for MSMEs: Small and medium enterprises (SMEs) acting as intermediaries or agents of businesses in India
Real interest rate dynamics: Who can help? | Business Standard Column
Availability and cost of funds are both key drivers of economic growth. The role of India’s financial sector in achieving the $5 trillion economy target
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