NEW DELHI: Reliance Power on Tuesday said one of its lenders Axis BankNSE -1.32 % has initiated insolvency process against its subsidiary Vidarbha Industries Power Ltd for
Month: January 2020
Government may include off-budget spending for a clearer picture – The Economic Times
NEW DELHI: The Centre could include a host of off-budget spending and other government liabilities on its books to give a clearer picture of finances
CBI arrests insolvency resolution professional appointed by NCLT – The Economic Times
NEW DELHI: CBI has arrested an insolvency resolution professional (IRP) appointed by the NCLT and another person for allegedly receiving a bribe of Rs 3.5 lakh from a consultant by threatening
ICICI Cardless cash withdrawal: ICICI Bank customers can withdraw cash at ATMs sans debit card. Here’s how
ICICI Bank, today, announced the launch of a ‘Cardless Cash Withdrawal’ facility from its ATMs. This service allows customers to withdraw cash from over 15,000 ATMs of the bank
Income tax department lets ‘deserving’ assessees to pay up 20% tax demand in parts – The Economic Times
MUMBAI: What does the taxman do when the money market dries up and businesses struggle? It tries to figure out a way to inch towards
Fund development of shovel-ready projects–Economic Times
It is welcome that the government is thinking of setting up new lending institutions for infrastructure projects. But where are the projects? We need projects
Not a substitute for a bond market–Economic Times
It is welcome that National Investment and Infrastructure Fund (NIIF) is set to launch a non-bank lending arm, Aseem Infrastructure Finance (AIFL). The move would
Uco Bank to on board fintech firms for borrowers’ input – The Economic Times
KOLKATA: State-owned Uco BankNSE -0.62 %, which has long been saddled with high bad loans, is planning to on-board new-age fintech firms for improving underwriting standards and credit
Lenders put cash flows of about 500 stressed companies’ under lens – The Economic Times
Indian banks have fast-tracked the process of roping in monitoring agencies to track last mile usage of bank loans to plug siphoning of bank funds.
As NBFCs battle liquidity crunch amid slowdown, these 4 measures could help – The Financial Express
According to the RBI data for FY19, the share of credit from Banks and NBFCs & HFCs was in the 70:30 ratio. With the financial
Young, educated and jobless: The real unemployment challenge of India | Business Standard Column
On December 31, 2019, CMIE completed the 18th Wave of the Consumer Pyramids Household Survey. This included the 12th Wave of questions related to employment
Simplifying tax on capital | Business Standard Editorials
The government is reportedly considering abolishing the dividend distribution tax (DDT) and making dividend income taxable in the hands of shareholders. The move is expected
Redefining law on exemptions | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarificatory circular that Social Welfare Surcharge (SWS) cannot be debited to the duty credit scrips issued under
‘America seeing economic boom never seen before’: US President Donald Trump – business news – Hindustan Times
US President Donald Trump on Tuesday said the US is in the midst of an economic boom that has never been seen before anywhere in
Non-compliance in GST payments maybe burning a Rs 5 tn hole in revenues – business news – Hindustan Times
The government may be losing Rs 5 trillion in indirect tax revenue a year, amounting to 40% of its goods and services tax (GST) collection target,
New payments formula for creditors in the works – The Economic Times
NEW DELHI: The government is considering a new formula for payments to creditors of distressed companies resolved through the insolvency and bankruptcy law, which would give a better deal to unsecured
Apprentices Act: ETRise Top MSMEs Ranking: Adoption of apprentices model can be way forward in MSME skilling, say experts – The Economic Times
Drawing attention to the Apprentices Act, 1961 which was institutionalised to impart practical training to technically qualified people in varied trades, Amit Vadera, Regional Head,
For full disclosure of fiscal dearth–Economic Times
Reports that the government is discussing coming clean on the fiscal deficit by including off-Budget spending and other liabilities on its books are welcome. It
Finance Ministry begins probe into deposits of unaccounted cash by jewellers during demonetisation: Sources – The Financial Express
In another case, with annual income return of only Rs 3.23 crore, the jeweller had deposited more than Rs 52.26 crore in cash. Armed with
Government should pay ‘administration’ fee to small businesses to offset increasing compliance costs – The Financial Express
By Gunjan Mishra GST and Taxation for MSMEs: GST is an integral part of the government’s plan to secure India’s economic future. Two years on, the
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