Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/nbfcs-staring-at-a-sharp-rise-in-npas-this-fiscal-crisil/articleshow/80978874.cmsSynopsis The rating agency expects stressed loans to rise to between Rs 1.5 lakh crore-Rs 1.8 lakh crore or 6% to 7.5% of the
Day: February 17, 2021
Finance Minister intends to pump money into economy, but people must spend as well – The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2021-finance-minister-intends-to-pump-money-into-economy-but-people-must-spend-as-well/2186958/ The government is willing to forgo fiscal discipline and tolerate fiscal slippage to enable it to spend more to infuse life into the
Tax disputes: ‘Faceless assessment key to solve problem’ – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tax-disputes-faceless-assessment-key-to-solve-problem/2193806/ The consideration received or receivable for e-commerce supply or services won’t include considerations that are already taxable as royalty or fees for technical
NBFCs’ stressed assets could touch ₹1.5-1.8-lakh cr by fiscal end: Crisil Ratings – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nbfcs-stressed-assets-could-touch-15-18-lakh-cr-by-fiscal-end-crisil-ratings/article33850173.ece?homepage=true That’s 6% to 7.5% of their AUM; personal loan segment to be the ‘big challenge’ this year Stressed assets of non-banking financial companies
Unclaimed deposits: RBI may nudge banks to streamline information access for nominees/heirs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/unclaimed-deposits-rbi-may-nudge-banks-to-streamline-information-access-for-nomineesheirs/article33849764.ece?homepage=true The Reserve Bank of India (RBI) is likely to ask banks to follow a standardised approach to help nominees/heirs of depositors quickly get
Budget signals focus on improving tax compliance, increasing transparency–SURANJALI TANDON WRITES: –indian express
Clipped from: https://indianexpress.com/article/opinion/columns/union-budget-tax-compliance-economy-gdp-growth-7190263/ With little flexibility to change rates or to redefine the tax base, it is expected that the rate of growth in tax revenue
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