By Shailesh Haribhakti The Rs 20 trillion ($266 billion) stimulus package announced by PM Narendra Modi on Tuesday, the details of which finance minister Nirmala
Day: May 15, 2020
EPF contribution news: Cut in employer’s EPF contribution may mean net loss for the employees – The Economic Times
Centre has reduced both employer and employee contribution in the EPF account as a Covid measure. Employees need to know that contribution to their EPF
CLSS deadline extended: Credit-linked housing subsidy scheme for middle income group extended to March 31, 2021 – The Economic Times
Ever since its implementation in 2017, the CLSS scheme has already benefitted over 3.3 lakh families and the extension will further aid many more families
MSMEs: For MSMEs, Finance Minister’s Rs 3-lakh crore credit guarantee may not lead to assured benefits – The Economic Times
The measures may seem big on numbers, but many are skeptical if it can translate into meaningful gains. What seems to be the biggest miss
The problem with Modi’s Atmanirbhar Bharat Abhiyan – The Economic Times
‘Vocal for Local’ and ‘Atmanirbhar Bharat Abhiyan’ is good. But both mean the same thing: Make in India. India punishes import of consumer goods; they
Lockdown: 72% of outstanding bank credit in red zones, says report – The Economic Times
Summary Nearly 72% outstanding bank credit and 62% deposits are in the red zone districts. MUMBAI: Nearly 72 per cent of outstanding bank credit and 62 per cent
COVID-19 to have significant deflationary impact due to demand evaporation: CEA – The Economic Times
COVID has a deflationary impact because demand for non-essential goods and services will go down, he said. On growth he said, India will witness a
Big bang at last? Fiscal package complements liquidity measures. Long-term reforms remain the key
Finance minister Nirmala Sitharaman yesterday unveiled the first tranche of Prime Minister Narendra Modi’s promise of a Rs 20 lakh crore fiscal stimulus. Her announcement
MSMEs: For MSMEs, Finance Minister’s Rs 3-lakh crore credit guarantee may not lead to assured benefits – The Economic Times
The biggest stumbling block, MSMEs say, is that they wanted financial support, but instead got a collateral-free loan scheme. In the absence of demand, that
Covid impact: Companies face input tax credit denial on goods destroyed – The Economic Times
Input tax credit under the goods and services tax framework allows businesses to set off tax paid on raw materials or input services against future
I-T liability exists even when salaries, payments deferred – The Economic Times
The situation may be more worrisome for service providers who have not received payments. Companies plan to pass on tax to employees and vendors. MUMBAI:
Will provide funding to nonbanking cos via SPV: Economic affairs secretary Tarun Bajaj – The Economic Times
Summary This SPV will be the main vehicle for providing support to NBFCs as part of the economic package announced Tuesday and will carry out primary
RBI: What will the RBI do to stop the domino effect of debt defaults?
It will be interesting to see how RBI manages the domino effect of debt default once the the moratorium on interest and principal repayment is
Govt’s credit guarantee for MSMEs to boost banks’ savings with this much capital to lend more – The Financial Express
Credit and Finance for MSMEs: Finance Minister Nirmala Sitharaman on Wednesday had announced collateral-free automatic loans worth Rs 3 lakh crore to MSMEs as part
Restaurant businesses hit by Covid-19, face a long road to recovery – The Hindu BusinessLine
Multiple challenges ahead for the restaurant industry as they await guidelines to resume business. India’s organised dine-in restaurants are on course for a 40-50 per
Why setting up a ‘bad bank’ is a bad idea – The Hindu BusinessLine
It won’t prevent another NPA pile-up. Instead, the govt can improve banks’ governance and share the lending risks that they face The severe slowdown in
GST applicable on sublet accommodation, rules Karnataka AAR – The Economic Times
In a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months,
RBI may have to monetise around Rs 7 lakh crore of stimulus package: BofA – The Economic Times
The Rs 3 lakh crore package for MSMEs, power sector has only Rs 23,200 crore fiscal impact. BofA also noted that the Rs 3 lakh
Work from home: IT seeks changes in laws as work from home set to become norm – The Economic Times
New Delhi | Bengaluru | Pune: India’s IT sector is seeking revisions in the country’s taxation and labour laws as over half the workforce in the
Finance Minister announces second tranche of govt’s Rs 20 lakh crore stimulus package | India Business News – Times of India
NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday unveiled the second tranche of measures of the government’s “atmanirbhar (self-reliant) campaign”. With a view to
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