Clipped from: https://www.thehindubusinessline.com/economy/ibbi-bares-regulatory-teeth-against-2-ips-for-misconduct/article33233791.ece Both can’t take fresh assignments till exonerated of charges In separate cases, insolvency regulator IBBI’ s Disciplinary Committee has come down heavily on
Day: December 28, 2020
CIRP attractive – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/cirp-attractive/article33322063.ece Creditors are realising on average nearly 200 per cent of liquidation value through resolution plans under CIRP, as the company continues with business,
Corporate Insolvency: IBBI may rein in engagement of third party consultants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/corporate-insolvency-ibbi-may-rein-in-engagement-of-third-party-consultants/article33378412.ece The Insolvency and Bankruptcy Board of India (IBBI), which has released the discussion paper on ‘Engagement of “professionals” in a corporate Insolvency Resolution
Centre extends suspension of insolvency initiation under IBC till March 25 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/centre-extends-suspension-of-insolvency-initiation-under-ibc-till-march-25/article33400181.ece Calibrated end of suspension may have helped debtors, say experts The Ministry of Corporate Affairs (MCA) has extended by three more months —
To tax and to please – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/india-can-well-make-the-claim-of-sovereign-right-to-tax-but-it-shouldnt-do-so-retrospectively/article33431750.ece India can well make the claim of sovereign right to tax, but shouldn’t do so retrospectively The government has decided to contest the
Trade isolation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/trade-isolation-120122700796_1.html India might lose yet another growth opportunity Even as economic activity is recovering from the Covid-induced shock, the Indian economy is widely expected to end
After Brexit | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/after-brexit-120122700813_1.html Boris Johnson’s visit could be an opportunity for India British Prime Minister Boris Johnson will enjoy a triumphal visit to India as chief guest at
FinMin backs new GST rule, says it’s not for MSMEs, certain I-T payers | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/finmin-backs-new-gst-rule-says-it-s-not-for-msmes-certain-i-t-payers-120122700511_1.html Asserts that the move to ask companies above a threshold to pay one per cent of GST liability in cash targets fake invoicing
Flashback 2020 | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/flashback-2020-120122700715_1.html Bankers have been talking about near-normalcy in collection of loan repayments and very few stressed borrowers going for loan restructuring. This gives us
Traders’ body CAIT to FM Sitharaman: Defer Rule 86B in GST to ease compliance burden – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-traders-body-cait-to-fm-sitharaman-defer-rule-86b-in-gst-to-ease-compliance-burden/2158480/ Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in GST that restricts
Liquidation under IBC: Understanding the numbers – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/liquidation-under-ibc-understanding-the-numbers/2158508/ Even cases forfeited under BIFR have seen 23% recovery from IBC liquidation By Neeti Shikha, Urvashi Shahi & Rahul Prakash Not even four
Cultivate Trust, Show Flexibility–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/cultivate-trust-show-flexibility/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. It is welcome that the protesting farmers and
Permit Voluntary Liquidation under IBC–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/permit-voluntary-liquidation-under-ibc/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The government’s move to extend the suspension of
Budget 2021-22: CII suggests graded road map towards competitive import tariffs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/budget-2021-22-cii-suggests-graded-road-map-towards-competitive-import-tariffs/articleshow/79976905.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The Confederation of Indian Industry (CII) has proposed the road map to encourage domestic manufacturing in alignment with global trade trends that
About 40% small businesses say it’s impossible to file tax returns by month end, want extension: LocalCircles – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/about-40-small-businesses-say-its-impossible-to-file-tax-returns-by-month-end-want-extension-localcircles/articleshow/79977398.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis As per the survey 41% of small businesses have said that it would be impossible for them to file income tax returns by
Credit demand fails to pick up despite aggressive rate cuts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/credit-demand-fails-to-pick-up-despite-aggressive-rate-cuts/articleshow/79979474.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Besides 115 basis points reduction in the benchmark repo rate, the rate at which RBI lends to bank, the central bank has infused
Commercial leasing expected to reach pre-Covid level in next two-three quarters: DLF – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/commercial-leasing-expected-to-reach-pre-covid-level-in-next-two-three-quarters-dlf/articleshow/79980452.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “India has global comparative advantage in terms of a very large English speaking, tech educated population below the age of 30. India also
Reliance Communications’ resolution may hit a bump as banks mark its account as fraud – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/rcom-resolution-may-hit-a-bump/articleshow/79983719.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these
Asus bets on offline retail, to add 1,000 retail points – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/asus-bets-on-offline-retail-to-add-1000-retail-points/articleshow/79975815.cmsSynopsis “Post lifting of lockdown, the demand continues to be strong. From about 2.5 lakh units a month, the sales for the industry have
MSMEs, small dealers not to be affected by mandatory 1 pc cash GST payment rule – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/msmes-small-dealers-not-to-be-affected-by-mandatory-1-pc-cash-gst-payment-rule/articleshow/79976256.cmsSynopsis Sources said the rule applies only to about 45,000 taxpayers out of the GST taxpayer base of 1.2 crore and genuine dealers and
