By Christo Popov Many CEOs should be wringing their hands about the latest figures released by the government on Friday that show GDP grew 4.5%
Month: November 2019
Japan won’t sign RCEP if India doesn’t join – The Economic Times
By Isabel Reynolds Japan is not considering signing a Chinese-backed regional trade pact without India, the top Japanese negotiator said Friday, ahead of a series
Fiscal deficit for April-Oct at 102.4%, crosses full year target – The Economic Times
The country’s fiscal deficit hit 102.4 per cent of 2019-20 Budget Estimate at Rs 7.2 lakh crore at the end of October, government data showed on Friday.
SBI: Corporate frauds see a massive surge: SBI – The Economic Times
The number of frauds at State Bank of IndiaNSE -2.13 % (SBI), the country’s biggest mass-lender, has nearly trebled in the first seven months of this fiscal
FM Nirmala Sitharaman’s remarks on economy disappointing in extreme: Yashwant Sinha – The Financial Express
Sinha said the root cause of the current economic crisis is “death of demand” in the country. Former Union minister Yashwant Sinha on Friday termed
SC decides to recall its September order on Amtek Auto – The Financial Express
The apex court had in September allowed resolution professional and lenders to invite fresh bids and decide on final resolution plan within two weeks thereafter.
Don’t waste this crisis: There’s no more room to ignore bad economics | Business Standard Column
The gross domestic product (GDP) growth numbers for the July-September quarter, the lowest in 26 quarters, are no surprise. Most analysts had — belatedly —
Rising fiscal fears | Business Standard Editorials
Notwithstanding Union Finance Minister Nirmala Sitharaman’s spirited defence of the government’s economic performance on Wednesday, the fiscal position of both the Central and state governments
Not through bonds, only cash, says C Rangarajan on banks recapitalisation – The Economic Times
Former RBI governor C Rangarajan on Friday suggested that recapitalisation of banks should be done through by infusing cash rather than issuing Bonds, as he cautioned that
DHFL: RBI files application for insolvency proceedings against DHFL – The Economic Times
The Reserve Bank of India filed insolvency proceeding against beleaguered Dewan Housing Finance Limited (DHFLNSE 4.27 %) with NCLT on Friday. “Debt moratorium on DHFL till insolvency plea has
For Innovative Fiscal Policy, Action–Economic Times
The Q2 growth numbers are remarkable in that nominal growth stands at 6.1%, about half the assumed growth rate for the economy in the Budget,
Three years on, Insolvency and Bankruptcy Code is learning from outcomes, growing stronger | The Indian Express
The recent empirical work on links between corporate bond markets and the bankruptcy system predicts that safe firms will issue bonds but higher risk firms,
Banks for speeding up DHFL debt recovery | Business News, The Indian Express
SBI Chairman Rajnish Kumar recently said many suitors are expected for DHFL as “it’s a good franchise”. With the Reserve Bank of India (RBI) taking
Government sets timeline for GST e-invoicing, trial to start January 1, 2020 – The Economic Times
The generation of e-invoice will be the responsibility of the taxpayer who will be required to report the same to IRP of GST. The Government
NCLT stops DoT from canceling Aircel spectrum, licence | Deccan Herald
The National Company Law Tribunal on Thursday directed the department of telecommunications (DoT) not to cancel the telecom license and spectrum issued to Aircel which
Big insolvency dilemma for proprietary firms; here’s what small businesses need soon – The Financial Express
By Vijay Kumar Gupta India has a strong reason to rejoice amidst the gloom pervading for the past eighteen months in the business environment. As per
GST e-invoicing to help MSMEs secure loans faster – The Financial Express
The IRP will also send the signed e-invoice to the recipient of the document on the email provided in the e-invoice. The proposed e-invoicing system
Transparency needed: RBI & EC’s concerns about the opaqueness of electoral bonds should be addressed–Times of India
The government opened up a controversial route for political funding in 2017, with the introduction of electoral bonds. Their genesis is back in the news,
SBI Caps to give report on four bidders for Anil Ambani’s RCom to CoC | Business Standard News
SBI Caps has finalised a detailed evaluation of the bids of the four companies that have offered to buy Anil Ambani’s telecom business. The report will be presented
Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020 | Business Standard News
The proposals have been discussed at the highest level in the finance ministry and are likely to find mention in the Union Budget due in
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