Former Maruti Udyog Ltd Managing Director Jagdish Khattar has been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs 110 crore
Day: December 25, 2019
IMF calls for ‘urgent’ action by India amid slowdown | Deccan Herald
India’s government must take steps quickly to reverse the economic slowdown of an economy that has been one of the engines of global growth, the
Gross NPA ratio improves to 9.1 as of Sept end: RBI | Deccan Herald
As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at
Total frauds at banks rise 74 pc in 2018-19: RBI | Deccan Herald
Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74 per cent increase as against Rs 41,167 crore in the previous financial
Panel suggests raising GST rate to increase revenue | Deccan Herald
With expected GST compensation cess shortfall of over Rs 60,000 crore in the current financial year, a committee of officers has suggested a number of
RBI may face major dilemma if inflation continues upward climb: IMF–India Today
HIGHLIGHTS The International Monetary Fund (IMF) has highlighted another dilemma the Reserve Bank of India (RBI) could face if inflation continues upward climb in future.
Cabinet clears ordinance to further amend insolvency law–India Today
The Union Cabinet on Tuesday approved an ordinance to further amend the Insolvency and Bankruptcy Code (IBC), which will help remove certain ambiguities. With the
India’s growth rate didn’t match increase in jobs: IMF–India Today
The International Monetary Fund (IMF) has said that India’s high growth rate in recent years did not lead to a matching increase in formal sector
Not all is gloomy! SBI chairman nudges industry to borrow and invest in economy–India Today
Chairman Rajnish Kumar on Saturday nudged the industry to enrich their borrowing capacity so as to boost investment in the economy, asserting there is no
Small business? Have you not yet signed up for this Modi scheme to raise manufacturing quality? – The Financial Express
Ease of Doing Business for MSMEs: The Zero Defect-Zero Effect (ZED) scheme, which was implemented by the government for MSMEs during the 12th five-year plan (2012-17)
Fake review for Rs 1,200 each: How sellers on Amazon, others dupe customers – The Financial Express
While buying things online, many of us rely on customer reviews to understand the utility and performance of a product. However, certain sellers on e-commerce
New IBC buyers won’t go to jail for previous misdeeds; govt nod to amend bankruptcy code – The Financial Express
This would encourage more bidders to bid for stressed assets – without fear of criminal prosecutions. Potential buyers of fraud-hit companies under IBC need not
RBI launches new prepaid payment instrument for digital transactions – The Financial Express
The amount outstanding at any point of time in such PPIs should not exceed Rs 10,000, RBI said The Reserve Bank on Tuesday introduced a
No place for women entrepreneurs? Why investors have a problem with women-led businesses – The Financial Express
By Nupur Garg A few weeks back, I was chatting with a successful female entrepreneur and we ended up discussing her journey. Somewhere along the
Zilch: That’s what banks are likely to recover from 354 liquidation cases – The Economic Times
Banks are staring at nil to negligible recovery in ongoing 354 liquidation cases in 2020. Most stressed assets are sold at throw-away prices and are moving for liquidation
NBFCs: What Arvind Subramanian meant when he talked of India’s Four Balance Sheet challenge – The Economic Times
Arvind Subramanian discussed the twin balance sheet challenge in great detail in the Economic Survey of 2016-17. Arvind Subramanian, in his latest paper, argues that
Income Tax: 5 taxpayer friendly initiatives taken by tax department in 2019–Economic Times
By CA Naveen Wadhwa and CA Tarun Kumar Over the past few years, the government has taken various steps to improve the taxpayers’ experience by
Essar deal to expedite recoveries: Rajnish Kumar, SBI chairman – The Economic Times
State Bank of India is set to get about Rs 12,161 crore as the largest acquisition through the three-year-old Insolvency and Bankruptcy Code (IBC) is
Housing sector needs a home–Economic Times
By Shrikant Joshi The real estate sector is being propelled by advancements in three major constituents: government, judiciary and customers. Recently introduced reforms like the
Credit growth, NPA reduction to depend on pace of economic revival: RBI | Business Standard News
Indian banks are getting a better grip on their bad debt situation and non-banking financial companies (NBFC) are expected to regain their niche after a
aniltikotekar4sme.com 