Clipped from: https://www.thehindubusinessline.com Suresh Prabhu, India’s Sherpa to the G-20 – M_VEDHAN Suresh Prabhu, India’s Sherpa to the G-20 – M_VEDHAN× Long-term financing of infra projects
Month: June 2020
Perils of ‘self-reliance’ | Business Standard Editorials
Clipped from: https://www.business-standard.com Protectionism will hurt India’s economy and its people When Prime Minister Narendra Modi introduced the concept of “aatmanirbharta” or self-reliance to the nation
Preserve the IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com Suspension should not result in unintended consequences The Union Cabinet has cleared the proposal to suspend the Insolvency and Bankruptcy Code (IBC) for six months, and it
Bank NPAs may worsen to 11.6 pc by end of this fiscal due to coronavirus pandemic: Report – The Financial Express
Clipped from: https://www.financialexpress.com Fresh gross slippages are estimated to be at 5-5.5 per cent of standard advances during 2020-21, which will increase the banks’ credit provision
MHA wage order: SC divided between contrasting concerns? – The Financial Express
Clipped from: https://www.financialexpress.com Apex court says loan moratorium detrimental sans interest relief; on MHA wage order, it strikes a pragmatic tone, cites industry’s cash crunch. The
IBC: Government’s Covid-19 insolvency relief may be a double-edged sword – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ The directives of the Central Government to tide over these trying times are laudable. However, many of these changes are myopic and will
FDI in non-bank lenders needs to be explored for greater support to MSMEs: Gadkari – The Economic Times
Clipped from: https://economictimes.indiatimes.com The minister opined that strengthening of non-banking lenders or NBFCs, state cooperative banks, district cooperative banks, credit societies, etc is required to extend
Uday Kotak against waiver of interest during moratorium period – The Economic Times
Clipped from: https://economictimes.indiatimes.com People asking for moratorium on interest also need to keep in mind the interest of depositors, he said, adding “it cannot be an
Companies with loan recast seek moratorium from banks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ RBI’s Covid-19 regulatory package was announced to mitigate the debt-servicing burden of stressed borrowers. But the moratorium has also raised default risks, making
Over 70% small businesses look at cutting jobs to sustain themselves: AIMO Survey – The Economic Times
Clipped from: https://economictimes.indiatimes.com On the issues likely to be faced during the Unlock 1.0 period which began this week , the survey covered various aspects such
Rajiv Bajaj: India ended up flattening the wrong curve (GDP) because of a ‘draconian lockdown’: Rajiv Bajaj – The Economic Times
Clipped from: https://economictimes.indiatimes.com The country eventually came to suffer the worst of both worlds, Bajaj told Rahul Gandhi. The lockdown that India put in place around
Double whammy for service companies: Required to pay GST on defaults, bad debts – The Economic Times
Clipped from: https://economictimes.indiatimes.com Services companies have been dealt a twin blow: Unpaid bills, & GST liabilities on incidents on non-payment. MUMBAI: As customer defaults mount due to the Covid-19
View: Time for an Urban Employment Guarantee Programme – The Economic Times
Clipped from: https://economictimes.indiatimes.com Lockdown has largely impacted urban India. Rural India, especially agriculture, is in reasonable shape. India’s much-awaited Covid19 stimulus is out – all 20
Second migrant crisis may be coming – The Economic Times
Clipped from: https://economictimes.indiatimes.com Villages now struggle to cope with returnees who have no income and no immediate chance of employment. With the crisis of migrants unable to return
SC advises middle path over paying 100% salary during lockdown | Deccan Herald
Clipped from: https://www.deccanherald.com/ A view of the SC The Supreme Court on Thursday suggested for finding a middle ground to protect the interest of crores of
SC extends order of no coercive action against employers for non-payment of full wages – The Economic Times
Clipped from: https://economictimes.indiatimes.com In the proceedings conducted through video conferencing, the top court said there was a concern that workmen should not be left without pay,
Suspension of IBC can affect resolution efforts and shift focus to recovery | Business Standard News
Clipped from: https://www.business-standard.com On Wednesday, the Union Cabinet gave approval to the suspension of the IBC for Covid-19-related stress It was decided to hold in abeyance
Nod for Ordinance to amend Insolvency Code – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Insolvency proceedings to be suspended for Covid-related debt up to a year The Cabinet on Wednesday approved the promulgation of an ordinance to
Four shortlisted for placing financial bids for Jet Airways – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Jet Airways’ Resolution Professional has short-listed four companies for placing a financial bid for acquiring Jet Airways. While nearly seven entities had submitted
‘FY21 to witness significantly lower realisations under IBC’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Outbreak of Covid-19 pandemic and suspension of new proceedings key reasons Financial creditors could realise about ₹60,000 to ₹70,000 crore in FY21 through the Insolvency
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