Proposed amendments to the Insolvency and Bankruptcy Code (IBC), one of the most-reformed laws of recent times, have laid to rest most of the concerns, but apprehensions
Month: December 2019
Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage | Business Standard News
As many as 21,136 applications have been filed under the Code, the corporate affairs ministry said in a release on Sunday. More than 9,600 cases
Amended IBC sets threshold for initiating corporate insolvency cases | Business Standard News
The government has proposed at least 100 individuals or 10 per cent of creditors such as homebuyers have to come together to initiate corporate insolvency
The uncertain times continue for banks | Business Standard Column
Speaking at the Hindustan Times Leadership Summit earlier this month, Prime Minister Narendra Modi declared the emergence of India’s banking sector from the crisis of the past,
Don’t get spooked by the inflation | Business Standard Column
Inflation has risen, particularly with a sharp rise in vegetable prices. This is not, however, a time to get too worried about inflationary pressures in the economy.
PMLA vs IBC: Experts explain why battle for primacy is far from over | Business Standard Column
In a bid to make way for a better insolvency resolution process, the Union Cabinet has approved a set of amendments to the Insolvency and Bankruptcy Code (IBC) through
Arbitration venue to green clearance, key court orders from last week | Business Standard Column
SC quells row over arbitration venue Though arbitration clauses are often drafted by the best legal brains, basic issues like jurisdiction of courts is a
Essar Steel verdict: Strengthening committee of creditors comes with riders | Business Standard Column
The ArcelorMittal saga finally achieved quietus on November 15, 2019. Its resolution plan for rehabilitating Essar Steel was blessed by the apex court. While the judgment traverses
Karvy incident aftermath: Legal shadow cast over collateral business | Business Standard Column
In the aftermath of the Karvy incident, lending against third-party collateral facility raises questions over regulations concerning banks and brokers which are at loggerheads. While
‘Advance authorisation is different from special advance authorisation’ | Business Standard News
We received advance authorisation (AA) dated December 11, 2019, towards import of linen fabric under actual user condition. Will pre-import condition be applicable as per
Ease of Doing Business taken care of; next frontier, COST of Doing Business – The Financial Express
India is consistently improving on the Ease of Doing Business ranking, but there is still large scope in matching the pace with peers on the
Why India pulled out of RCEP? Piyush Goyal defends govt’s controversial move – The Financial Express
Piyush Goyal said the government took the bold decision in the national interest because clearly, the RCEP had become nothing but an India-China FTA which
Small business credit woes to end? Loans to MSMEs likely to more than double in these many years – The Financial Express
Credit and Finance for MSMEs: MSME loans are likely to more than double in five years growing at 15 per cent CAGR between FY19 and FY24,
Taxman may get to block doubtful input tax credit – The Economic Times
The government is set to amend Section 49 of the Goods and Services Tax (GST) law that would allow tax officers to block input tax credit of companies if
Indian financial system in Darwinian mode, only fittest lenders survive: Uday Kotak – The Economic Times
Noted banker Uday Kotak on Tuesday said the country’s financial system is currently in a Darwinian mode as only the fittest lenders are able to survive. The
Nirmala Sitharaman: Bengal FM cautions govt against reviewing exemptions under GST – The Economic Times
West Bengal finance minister Amit Mitra has termed as “alarming” any move to review the list of items exempted from the goods and services tax. “Exempted list
Government makes changes to Interest Subvention Scheme for MSMEs – The Economic Times
The government has approved changes to operational guidelines of the interest subvention scheme for micro, small and medium enterprises (MSMEs), in a move aimed at
Rationalise, not raise, rates of GST–Economic Times
The Centre’s move to release to the states Rs 35,298 crore of the pending compensation for GST shortfall is welcome. It will help shore up
India starts round-the-clock payments for banks to manage funds – The Economic Times
By Anirban Nag India this week joined a select club of countries offering fund transfers around the clock, a move that will give banks more flexibility
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