The Reserve Bank of India has found that State Bank of India (SBI) has under-reported bad loans by Rs 11,932 crore during the financial year
Day: December 18, 2019
What India can do to achieve a spurt in economy — Vijay Kelkar & Ajay Shah say in new book
Goods and Services Tax is an important policy change taken up by the government but it failed in terms of implementation, which was “not taken
Piyush Goyal stresses on MSME exports; says opportunity for small businesses globally under FTAs – The Financial Express
Trade, Imports, Exports for MSMEs: The tariff concessions under the Free Trade Agreements (FTAs) signed by India gives export opportunities for products including those from SMEs,
Amid reports of GST rate hike, former chief statistician tells why it may not help much – The Financial Express
Amid reports of the GST Council mulling rate hike, Pronab Sen, Former Chief Statistician of India said that the possible move may not help much
Solution to shore up revenues does not lie in depriving GST of its progressive character – The Financial Express
By G Gokul Kishore The GST Council is scheduled to meet on December 18 with the agenda to arrest falling collections. The shortfall in revenues
GST: Promoters move high court over taxman’s power to arrest, attach accounts – The Economic Times
A dispute over the taxman’s power to arrest promoters of companies and attach their bank accounts over suspected evasion of goods and services tax has reached the
Additional 2% export benefits to end Dec 31; Government yet to give roadmap for garments, madeups – The Economic Times
A two percentage point cut in duty incentives under an existing export scheme effective January 1 has panicked electronics manufacturers, who say the reduction has
Rethink the Social Security Code 2019–Economic Times
The Social Security Code 2019 has been introduced in the Lok Sabha by labour minister Santosh Kumar Gangwar. The Bill subsumes eight different Bills on
Credit crisis is easing in India, but only for safest corporate borrowers | Business Standard News
India’s credit crisis appears to be winding down for the safest borrowers, but it’s hardly time to celebrate as weaker firms still struggle. Policy makers
Minimum 100 home buyers needed for insolvency plea against builders – The Economic Times
The much hailed accreditation as financial creditors to home buyers now comes with riders. Home buyers, willing to take the developer to an insolvency court, will now have to
Rajnish Kumar: Essar resolution likely to boost Q3 profit: SBI Chief – The Economic Times
State Bank of India chairman Rajnish Kumar expects profit in the third quarter to get a boost from the resolution of the Essar Steel insolvency case, which will give
Banks recover ₹6,000 crore in Prayagraj sale – The Economic Times
A consortium of 18 lenders, led by State Bank of IndiaNSE -0.21 % (SBI), have successfully recovered ₹6,000 crore from the sale of the debt-laden Prayagraj Power
MCA’s 2019 Review: Steps for ease in business, insolvency resolution – The Economic Times
In its year-end review, the Ministry of Corporate Affairs (MCA) on Sunday mentioned the various steps it undertook in 2019 for ease of doing business and creating
Cases involving Rs 3.75 lakh cr disposed of at IBC pre-admission stage – The Economic Times
More than 9,600 cases involving a total amount of nearly Rs 3.75 lakh crore have been disposed of at the pre-admission stage of the insolvency law process,
Insolvency law to have positive impact on debt market: Sebi chief – The Economic Times
Sebi Chairman Ajay Tyagi on Monday expressed hope that positive impact of the insolvency law will be visible on the domestic corporate debt market in five years. Describing the Insolvency
IBC saved 160 cos from premature death: MS Sahoo – The Economic Times
The code, which provides for resolution of stressed assets in market-linked and time-bound manner, came into force in 2016. The Insolvency and Bankruptcy Code (IBC) has saved
The Cost of India’s Foreign Reserves–Economic Times
India’s foreign exchange reserves have gone up again, to cross $453 billion last week. This calls for some hard thinking on the part of our
MSMEs: MSMEs get only Rs 40 cr out of Rs 625 cr interest subsidy – The Economic Times
Small businesses have received a mere Rs 30-40 crore earmarked as 2% subsidy, a year after the government announced the scheme for micro, small and
MSME: Govt working on suggestions to create Rs 5k cr stressed asset fund: Secretary MSME Arun Kumar Panda
“We are working towards skilling, upskilling and reskilling the workforce across sectors in the economy,” said Panda. With the government betting big on the country’s MSMEs sector
GST compensation: Under fire, Centre releases Rs 35,298 crore to states – The Financial Express
When GST was rolled out on July 1, 2017, states were promised to be compensated for the loss of revenue. After a delay of over
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