Clipped from: https://www.business-standard.com Kumar said that not many borrowers were keen to take advantage of the scheme due to its cost implications Speaking on the issue
Month: June 2020
Tyre industry calls for curbs as imports remain buoyant despite lockdown | Business Standard News
Tyre industry calls for curbs as imports remain buoyant despite lockdown | Business Standard News https://www.business-standard.com/article/economic-revival/tyre-industry-calls-for-curbs-as-imports-remain-buoyant-despite-lockdown-120061701144_1.html In the first 11 months of FY20, a year
Housing finance players say RBI draft regulations provide clarity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Housing finance players have said the draft guidelines issued by the Reserve Bank of India for regulating the sector is in line with
I do not think firms will misuse ban on insolvency under IBC: Sahoo – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ Insolvency and Bankruptcy Board of India (IBBI) Chairman MS Sahoo – File photo: PTI Insolvency and Bankruptcy Board of India (IBBI) Chairman MS
Boosting securitisation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com The RBI’s draft frameworks on securitisation of assets draw on global best practices The RBI’s recent draft frameworks on securitisation of standard assets
Insurance regulator mulls including Covid-19 home treatment costs under health cover – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Those who are under home treatment for Covid-19 may get some relief in health cover. The Insurance Regulatory and Development Authority of India
Can’t beat China with this GDP – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/cant-beat-china-with-this-gdp/1995738/ No China-containment plan can work till GDP booms; from defence expenditure to battling Covid, 24×7 reforms to boost growth critical It has to
Interest on PPF, savings to be used for calculating GST registration: AAR – The Financial Express
Clipped from: https://www.financialexpress.com/money/interest-on-ppf-savings-to-be-used-for-calculating-gst-registration-aar/1996315/ For businesses and individuals, they are required to obtain GST registration if their aggregate turnover is Rs 20 lakh or more, under the
‘Uncertainty looming over Covid crisis bottoming out for MSMEs to assess need for more govt stimulus’ – The Financial Express
Clipped from: https://www.financialexpress.com Ease of Doing Business for MSMEs: Banks will provide subordinate debt to MSME promoters to enable capital infusion. This will strengthen the net-worth
Covid recovery for MSMEs to be long haul; revenue likely to fall a fifth in FY21 for small businesses – The Financial Express
Clipped from: https://www.financialexpress.com Credit and Finance for MSMEs: In comparison to India Inc, which is headed towards around 15 per cent decline in revenue, MSMEs are
authority for advance ruling: Goods purchased, sold overseas liable to GST in India: AAR – The Economic Times
Clipped from: https://economictimes.indiatimes.com Experts said the ruling on supplies goods bought from abroad and sold to a customer in another country without entering the Indian territory
Covid impact: Job losses, pay cuts leading to surge in home loan defaultsThe Economic Times
Clipped from: https://economictimes.indiatimes.com Covid impact: Job losses, pay cuts leading to surge in home loan defaults IMGC guarantees 20% of the loan amount which covers EMIs
MSMEs confident on business outlook despite pandemic impact: Survey – The Economic Times
Majority of the films felt that the impact of Covid on earnings could be between 20-50% while more than 62% of the businesses felt that
retail loan: Fears about India retail loan defaults overblown, Macquarie says – The Economic Times
Clipped from: https://economictimes.indiatimes.com RBI has allowed borrowers to delay monthly payments on their loans until the end of August. The volume of Indian loans subject to moratorium is
Move to make cheque-bounce a compoundable offence isn’t right – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com If the intention is to reduce the piling up of cases in court, a better way would be to restrict the usage of
Amid Covid gloom, farm sector blooms for the most part – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Over the past two months, the demand for seeds and pesticides has also been strong – PTI Over the past two months, the
Getting back on track will be long and arduous: Collateral-free Mudra loans may not be enough – The Financial Express
Clipped from: https://www.financialexpress.com The corporate sector, he said, has greater staying power, but is not immune to the demand destruction that takes place because of the
50% of HFCs’ assets must be housing loans – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/new-draft-norms-50-of-hfcs-assets-must-be-housing-loans/1995108/ The proposed norms come months after the blowout at DHFL, where a chunk of retail loans were found to have been diverted to
Supreme Court: Consider interest waiver during moratorium – The Financial Express
Clipped from: https://www.financialexpress.com Earlier, the RBI had also informed the SC that any “forced” interest waiver on loan moratorium will risk financial viability and hurt banks
There has to be an alignment of interest, says Arcil’s Vinayak Bahuguna | Business Standard News
Clipped from: https://www.business-standard.com ‘Banks form the majority of the lenders, and it would appear that they will push through whatever they think is fit for themselves
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