Clipped from: https://economictimes.indiatimes.com Micro, Small and Medium Enterprises Minister Nitin Gadkari attended ‘Mahabiz’ organised by Gulf Maharashtra Business Forum on June 12 via video-conferencing. While addressing
Day: June 12, 2020
SC order on wages during lockdown: SC restrains govt till July end from taking coercive action against employers for not paying wages in full – The Economic Times
Clipped from: https://economictimes.indiatimes.com The Supreme Court though left it open to the establishment to pay full wages should it want to do so for the 54
RBI: Waiver of interest charged during moratorium: SC asks Centre, RBI to hold meet in three days – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ A bench of Justices Ashok Bhushan, S K Kaul and M R Shah said the question is not of waiver of complete interest
GST council meeting updates: GST Council Meet: Relief for small taxpayers – The Economic Times
Clipped from: https://economictimes.indiatimes.com The 40th GST Council meeting was held today under the chairmanship of Finance Minister Nirmala Sitharaman. This was the first meet of the
MSME: Government gives leeway to MSMEs from penalties, interest for GST non compliance – The Economic Times
Clipped from: https://economictimes.indiatimes.com Industry trackers say that the government is trying to do a balancing act as it needs more revenue through GST but also doesn’t
Parotas are not rotis and will attract 18% GST, says authority – The Economic Times
Clipped from: https://economictimes.indiatimes.com A firm wanted parotas to be classified under the product description of ‘Khakhara, or roti’. MUMBAI: A non-finicky eater couldn’t care less if
Need many more banks … need to fix governance in PSBs: Manish Sabharwal | Business News,The Indian Express
Clipped from: https://indianexpress.com Sabharwal said the binding constraint for companies is not labour, but to get back consumers, and the complete end of the lockdown. Manish
‘Retail loans approvals set to fall, defaults may rise’ | Business News,The Indian Express
Clipped from: https://indianexpress.com Cautioning about a rise in defaults, it said, “The inability of some consumers to pay their debts post the moratorium period ending is
Lockdown news in India: No more lockdown please: They only induce institutional sloth
Clipped from: https://timesofindia.indiatimes.com With cases rising after the lifting of the lockdown, some state governments are again considering the reimposition of restrictions. Rajasthan has seen a
Why the stimulus won’t work: Public sector banks are not equipped to implement Covid stimulus package–times of india
Clipped from: https://timesofindia.indiatimes.com The Centre’s recent stimulus package of Rs 20 lakh crore to tackle the economic disruption caused by the spread of the novel coronavirus,
What’s new in Form 26AS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ This statement will act as the Annual Information Statement of the assessee The Finance Minister had announced in Budget 2020 that Form 26AS
What premium will Reliance rights issue list at on Friday? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Promoters, FPI stakes go up, while retail investors, MFs reduce holdings Shares of partly-paid Reliance Industries’ rights issue will be listed on the
ITC refund will be allowed for certain supplies even without invoice: CBIC | Business Standard News
Clipped from: https://www.business-standard.com GSTR-2A is a purchase return auto-generated by the GST system based on the transaction between a business and its supplier. The CBIC in
Handholding banks must to execute MSME loan scheme; here’s what govt can do to address on-ground issues – The Financial Express
Clipped from: https://www.financialexpress.com Credit and Finance for MSMEs: While various stakeholders have appreciated the bold move to set up a fund of funds, it will stress
MSME NPAs to be a double whammy for small business sentiments; these added measures may get mojo back – The Financial Express
Clipped from: https://www.financialexpress.com/ Ease of Doing Business for MSMEs: The viability of the accounts should be worked out and their loan commitments should be rescheduled wherever
Bad bank may not be a potent option to address bad loan woes: CEA Krishnamurthy Subramanian – The Financial Express
Clipped from: https://www.financialexpress.com/ Subramanian said when a bank sells bad loans, it has to take a haircut because when Rs 100 goes bad, the actual amount
Why India should have a new bad bank–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/why-india-should-have-a-new-bad-bank/ The proposal for a new bad bank has been doing the rounds at least since 2018, but has stalled on the vital question
Repayment rising in micro loans; mixed bag for MSME, retail – The Economic Times
Clipped from: https://economictimes.indiatimes.com About 25-40 per cent of microfinance borrowers have started paying back their dues at the end of May, better than April’s 10-15 per
health insurance: Telemedicine to be covered under health insurance policy amid coronavirus outbreak: IRDAI – The Economic Times
Clipped from: https://economictimes.indiatimes.com This move brings relief to medical insurance policyholders who may prefer to consult medical practitioners online or telephonically to avoid going out of
India’s fundamentals demand much better rating, GDP growth to decline this year: CEA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ India’s ability and willingness to repay debt is gold standard, CEA said making a case for ratings upgrade. The government on Thursday virtually
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