By Vrishti Beniwal A nascent recovery in India’s economy faces “unknown” risks from the coronavirus outbreak, according to a top government adviser. “There are some green shoots, but I
Month: February 2020
Yes Bank shares: Deposits are another pain point for capital-hungry YES Bank – The Economic Times
By Suvashree Ghosh and Anto Antony When a former Yes Bank Ltd. executive started selling his stake in September, the Indian lender’s top managers watched
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies – The Economic Times
New Delhi: The government has approached the National Company Law Appellate Tribunal seeking additional 270 days to complete resolution process of 105 IL&FS group companies.
India’s economic growth set to bounce back as slump bottoms out: Govt adviser – The Economic Times
Sanyal said the budget has offered a clutch of tax incentives for sovereign wealth and insurance funds, which would leave more banking funds for private
Growth in bank lending to small businesses remain flat in FY20 so far; here’s what RBI data shows – The Financial Express
Credit and Finance for MSMEs: Credit growth to micro and small enterprises (MSE) by banks remained contracted for December 2019 also in the current financial year,
A new kind of harassment: Government notice seeking information | Business Standard Column
A new kind of harassment has appeared in India. It’s the notice that seeks information. Sounds reasonable till you see what sort of information is
Budget proposal on remittances abroad triggers fears of double taxation | Business Standard News
The funds sent under the Liberalised Remittance Scheme by resident individuals to study abroad rose to $278 mn in Sept from $160 mn a year
NCLAT orders reverse insolvency process for stressed realty projects | Business Standard News
In a first, the National Company Law Appellate Tribunal (NCLAT) has passed an order for reverse insolvency process that could set a template for stressed
Finance minister Sitharaman cites ‘7 green shoots’ to slam Chidambaram | India News – Times of India
NEW DELHI: Hitting back at former finance minister P Chidambaram for his ‘incompetent doctors’ overseeing the economy comment, finance minister Nirmala Sitharman on Tuesday said
Shun fiscal adventurism | The Indian Express
In the run-up to the budget, there was enormous pressure on the finance minister to launch a fiscal stimulus so as to pump-prime the economy. That
The SC’s order on Internet shutdown is wrong | Opinion – columns – Hindustan Times
On January 10, the Supreme Court (SC) wrote a 130-page judgment laying down the principles that would be used to determine whether an Internet shutdown
Government has taken specific steps to boost exports: Nirmala Sitharaman | Deccan Herald
The government has taken several steps, including tax refund scheme and enhanced credit to exporters, to boost outbound shipments, Finance Minister Nirmala Sitharaman said on
FM holds meeting with industry on direct tax dispute resolution scheme – The Economic Times
NEW DELHI: Finance Minister Nirmala Sitharaman on Monday met industry representatives on the proposed direct tax dispute resolution scheme that provides opportunity to taxpayers to pay outstanding taxes and get waiver
MSME: MSME restructuring extension signify RBI’s shift in stance on asset quality, transparency: Fitch – The Economic Times
NEW DELHI: The RBI extending the MSME loan restructuring scheme and allowing relaxation in asset classification for certain real-estate projects signify a gradual shift away from the
health insurance: IRDAI amends definition of pre-existing diseases, a move that can reduce insurance claim rejection – The Economic Times
The insurance regulator has amended the definition of pre-existing diseases, a move which could lead to a reduction in the claim rejection rates in health
Forbearance to stressed sectors likely to defer asset quality pressures: Fitch Ratings – The Financial Express
Allowing a one-time restructuring of loans to MSMEs and the announced relaxation in asset classification for certain real estate projects mark a further dilution of
RBI issues notification on CRR leeway for new retail, MSME loans – The Financial Express
The Reserve Bank of India (RBI) said on Monday that banks need not maintain the cash reserve ratio (CRR) on new loans given between January
Small businesses had 69% less opportunity to network with government buyers and sell products in FY19 – The Financial Express
Trade, Imports, Exports for MSMEs: The MSME Ministry in order to connect the buying organisations and MSE sellers and understand the formers’ demands and help them
Amazon seeks interim stay on CCI order, cites ‘irreparable loss and injury’ | Business Standard News
E-commerce giant Amazon on Monday filed a writ petition in the Karnataka High Court, seeking an interim stay on the Competition Commission of India’s (CCI’s) order on
Banks to get 5-year CRR relief for lending to auto, housing, MSMEs | Business Standard News
The Reserve Bank of India (RBI) on Monday said banks would not be required to maintain the cash reserve ratio (CRR) for five years on their deposits
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