On Tuesday, Reserve Bank of India Deputy Governor M K Jain highlighted a dangerous trend: The rising levels of bad debt in the small-scale loans being handed out under the government’s
Month: November 2019
India has to fix structural problems because of the risk of growing old before growing rich – The Economic Times
In the absence of education, people would find it difficult to get skilled. In the absence of skills, young people would not get jobs. There
RBI: RBI red flags rising Mudra bad loans–Economic Times
Reserve Bank deputy governor MK Jain on Tuesday warned bankers about the growing stress in Mudra loans, which has crossed more than Rs 3.21 lakh crore
Yogi Adityanath: UP govt will pay back PF money invested in DHFL: Yogi Adityanath – The Economic Times
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday said that his government will pay back the Provident Fund money of state power corporationNSE -2.11 % employees invested in the scam-hit DHFLNSE
GST authorities unearth racket involving Rs 140 cr tax fraud – The Economic Times
Fake firms have passed on fraudulent ITC to a range of buyers who have availed the same to discharge their GST liability on outward supplies,
Car Insurance: No depreciation for cars up to 3 yrs, sum insured based on on-road price: IRDAI proposal–Economic Times
The Insurance Regulatory and Development Authority of India (IRDAI), on Monday, proposed changes to the structure of motor insurance policies that can make it simpler. And also,
GST: Purchase without bill may be big GST leakage source–Economic Times
Tax authorities have identified B2C sales as a key source of leakage of goods and services tax (GST) as consumers are often cajoled into paying in cash without
Buoyant Market, Sullen Economy–Economic Times
The stock market has been going up, even as bad news piles up on the real economy. What explains this and what are its implications?
NCLT approves Royale Partners Investment’s bid for EPC Construction – The Economic Times
The bankruptcy court has approved a resolution plan submitted by Mauritius-based Royale Partners Investment Fund for EPC Construction India to revive the company that was previously known as Essar Projects India. The foreign
Inclusion of NBFCs under IBC credit positive for lenders: Moody’s – The Financial Express
The credit rating agency said that it expected the RBI to selectively approach the IBC to resolve NBFIs with severe liquidity or solvency issues or
Are Indian banks out of the woods? Yes, no and the answers in between | Business Standard News
The earnings season is over. As I write this piece, most banks have announced their September-quarter results. Many have surprised observers, surpassing analysts’ profit estimates.
Govt may amend IBC, go for buyer protection and stricter homebuyers’ norms | Business Standard News
The Insolvency and Bankruptcy Code (IBC) is likely to undergo further changes, as sources say the Ministry of Corporate Affairs (MCA) would soon move amendments to the
Karvy crisis: Bankers raise concern with NSE and Sebi over exposure | Business Standard News
Banks and financial companies including ICICI Bank and HDFC Bank have met senior officials of the stock exchanges and raised concern over their exposure to Karvy’s companies, said two
Centre Planning To Come Up With Lottery Scheme For GST Paying Customers – BW Businessworld
The Ministry of Finance is planning to come up with a lottery scheme to lure customers to pay Goods and Services Tax (GST). This will
IL&FS: NCLT asks Axis, StanChart CEOs to be present on Dec 16, bankers may seek review – The Economic Times
The tribunal has fixed the next date of hearing on December 16 and asked Chaudhry and Daruwala to be present and noted that both these
Despite demonetisation and RERA, builders still asking for cash – The Economic Times
In most of the land transactions, cash is usually insisted by either parties to avoid the tax incidence. Indians’ love affair with cash purchases shows little signs
Karvy | Sebi: Sebi rules on share separation leave brokers shaken – The Economic Times
The stock broking industry is undergoing an unprecedented shakeup. The trigger is the capital market regulator’s seemingly innocuous set of rules on separation of client shares from
Unreliably variable employment numbers–Economic Times
The drop in unemployment rates, revealed by the labour force indicators for urban areas released by the National Statistical Office, should not lull us into
Non-Performing Assets: Gross NPAs of SCBs decline by 98K cr by June: Govt – The Economic Times
The gross non-performing assets (NPAs) of scheduled commercial banks (SCBs) have declined by nearly Rs 98,000 crore to Rs 9.38 lakh crore by June-end this year, Minister
Corporate tax cut, new Fund good for property sector | Deccan Herald
A moot point now, in the residential real estate space, is whether the industry will use the new-found liquidity to bring down prices and piled up
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