Clipped from: https://www.thehindubusinessline.com/opinion/courts-taxed-by-too-much-litigation/article33419231.ece There are no strict limits on reopening tax assessments. This issue should be resolved, leveraging faceless assessment systems That India is a highly
Month: December 2020
How agile firms beat the lockdown blues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/how-agile-firms-beat-the-lockdown-blues/article33412678.ece Companies that adopted agile methods were successful in tapping opportunities thrown at them by the Covid challenge Earlier this year, a large Indian
Indian Bank reports Pratibha Group fraud for dues of ₹574.66 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indian-bank-reports-pratibha-group-fraud-for-dues-of-57466-crore/article33412834.ece Chennai-headquartered public sector Indian Bank has announced that it fully provided Non-Performing Accounts of two companies of Pratibha Group namely, Pratibha Industries and
Chinese national kingpin in instant loan app fraud – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/chinese-national-kingpin-in-instant-loan-app-fraud/article33418961.ece Call centre in Hyderabad raided A Singapore-based Chinese national is a mastermind behind the instant loan application fraud that lured several people in
Bounce rate of auto debit transactions remains high amid lenders’ claims of improved collection efficiencies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/bounce-rate-of-auto-debit-transactions-remains-high-amid-lenders-claims-of-improved-collection-efficiencies/article33419696.ece?homepage=true Is there rising financial stress amongst small and retail borrowers after the end of the loan moratorium, despite banks and NBFCs reporting collection
Spot on, RBI, let us boost investment–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/spot-on-rbi-let-us-boost-investment/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The latest Reserve Bank of India (RBI) monthly
RBI unlikely to extend Dec 31 loan rejig deadline – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-unlikely-to-extend-dec-31-loan-rejig-deadline/articleshow/79934588.cmsSynopsis The governor on Wednesday concluded a two-day meeting with public sector and private sector banks, held through video conference. Days before banks closed
Banks will focus on cash flow-based lending in future: UCO Bank’s Ajay Vyas – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-will-focus-on-cash-flow-based-lending-in-future-uco-banks-ajay-vyas/articleshow/79938845.cmsSynopsis Various SBI officials have advocated for cash flow-based lending models over the traditional asset-based or ratings-based ones. In cash flow lending, a financial
GST on lottery: SC’s recent judgement is a setback for the industry, but has a ray of hope – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-on-lottery-scs-recent-judgement-is-a-setback-for-the-industry-but-has-a-ray-of-hope/articleshow/79935007.cmsSynopsis After much hue and cry from the lottery industry recently, a single rate of 28% has been introduced by the exchequer on all
income tax returns: 3.97 crore ITRs filed for 2019-20 fiscal till December 24 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/3-97-crore-itrs-filed-for-2019-20-fiscal-till-december-24/articleshow/79954067.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Over 3.97 crore Income Tax Returns have already been filed till 24th of December, 2020. Have you filed yours as yet? If not,
Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS Secy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/loan-restructuring-other-measures-announced-by-govt-to-cushion-psbs-from-shock-dfs-secy/articleshow/79956391.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish
HC allows SFIO to interrogate Singh brothers for two weeks starting Jan 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/hc-allows-sfio-to-interrogate-singh-brothers-for-two-weeks-starting-jan-1/articleshow/79958437.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The SFIO had moved the high court against a September 22 order of the trial court denying it permission to examine the four
EU nations start assessing post-Brexit trade deal with UK – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/eu-nations-start-assessing-post-brexit-trade-deal-with-uk/articleshow/79955560.cmsSynopsis Without a trade deal, it would have acerbated chaos at the border where checks on goods will have to be increased since Britain
NCLT directs IBBI, lenders to investigate into the affairs of Lotus Auto Engineering – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-components/nclt-directs-ibbi-lenders-to-investigate-into-the-affairs-of-lotus-auto-engineering/articleshow/79956117.cms SynopsisThe development is likely to set a precedent as an order to investigate into the conduct of the Resolution Professional (RP) and the
Forex reserves up by USD 2.56 bn to record USD 581.131 bn – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/forex-reserves-up-by-usd-2-56-bn-to-record-usd-581-131-bn/articleshow/79956444.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and
CAIT urges FM to defer rollout of Rule 86B in GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cait-urges-fm-to-defer-rollout-of-rule-86b-in-gst/articleshow/79954779.cmsSynopsis The Central Board of Indirect Taxes and Customs has introduced Rule 86B in Goods and Services Tax (GST) which restricts use of input
Five takeaways from the Post-Brexit trade deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/five-takeaways-from-the-post-brexit-trade-deal/articleshow/79955497.cmsSynopsis British lawmakers had haggled for years over the divorce, known as Brexit. Britain formally left the European Union on January 31, closing the
Jobs: New demand-driven scheme in the works to create more entrepreneurs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/jobs/new-demand-driven-scheme-in-the-works-to-create-more-entrepreneurs/articleshow/79958336.cms SynopsisThe plan is to impart entrepreneurship development training to aspiring and existing entrepreneurs for setting up and scaling up their enterprises through 610
Why China turned against Jack Ma – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/business/why-china-turned-against-jack-ma/articleshow/79951133.cmsSynopsis The loss of stature has come as Ma is facing increasing trouble with the Chinese government. Chinese officials Thursday said they had opened
Tata Steel Share Price: Is Tata Steel staring at headwinds ahead? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/rising-iron-ore-prices-unlikely-to-spoil-the-party-for-tata-steel/articleshow/79946727.cms Synopsis–Crude steel production in November grew 6.6 per cent year-on-year driven by an 8 per cent growth in China and 5.5 per cent
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