Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-rich-countries-respond-to-covid-with-stimulus-india-has-no-option-but-to-reform/articleshow/80966688.cmsSynopsis Reformers come out better in the end. Today developed nations are offering ever larger stimulus packages to ease the shock of the pandemic,
Month: February 2021
Stung by COVID-19, Indian businesses rethink worker benefits – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/stung-by-covid-19-indian-businesses-rethink-worker-benefits/articleshow/80964148.cmsSynopsis Almost a quarter of the informal workers are migrants who typically travel from their villages to bigger cities in distant parts of the
DHFL’s fake branch used to siphon money, says ED–the economic times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/dhfls-fake-branch-used-to-siphon-rs-12000-crore-says-ed/articleshow/80966098.cmsSynopsis Promoters of Dewan Housing Finance Corporation Ltd (DHFL) had opened a fictitious branch in Bandra which boasted of over two lakh dummy homebuyers
Future Group creditors scramble to recover $2.5 billion loans amid Reliance deal woes: Bankers – The Financial Express
Clipped from: https://www.financialexpress.com/industry/future-group-creditors-scramble-to-recover-2-5-billion-loans-amid-reliance-deal-woes-bankers/2195755/ Bankers exploring one-time restructuring option for Future group; Lenders concerned liquidation scenario cannot be ruled out Future, India’s No.2 retailer with more than
Compulsory TReDS to ease payment woes for MSMEs, small companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/compulsory-treds-to-ease-payment-woes-for-msmes-small-cos/articleshow/80947583.cmsSynopsis The Centre is seeking to cut through swathes of bureaucracy and speed up bill payments by getting its departments to compulsorily adopt the
Tax evasion: I-T department in hunt for small evaders as deadline looms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/i-t-department-in-hunt-for-small-evaders-as-deadline-looms/articleshow/80965995.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Suddenly, there has been a surge in reopening of returns of small-time tax evaders, with income tax authorities deploying investigation units to search
NBFC NPA: NBFCs staring at a sharp rise in NPAs this fiscal: Crisil – The Economic Times
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
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
Society
Model Bye Laws–Relevant provisions
Housing society resolutions void if minutes not approved | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/housing-society-resolutions-void-if-minutes-not-approved-114112300782_1.html A society is entitled to levy a charge provided it is approved by the general body at a valid meeting, in consonance with
Reducing the compliance burden – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/reducing-the-compliance-burden/article33844150.ece?homepage=true A master document of all requirements and setting up single-window systems can be the starting point A reduction in regulatory compliance burden on
Some missing ‘pillars’ in the Budget – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/some-missing-pillars-in-the-budget/article33844308.ece?homepage=true More funds could have been allocated to MGNREGA and PM Garib Kalyan Yojana to spur short-term demand Budget 2021-22, presented in the backdrop
Socio-economic costs of legalising MSP – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/socio-economic-costs-of-legalising-msp/article33844062.ece?homepage=true Farmers harvesting paddy crop in a farm near Amritsar. The water table has fallen alarmingly in Punjab (file photo) – PTI Farmers harvesting
Back the IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/back-the-ibc-121021501399_1.html A new mechanism will only kick the can down the road The government is reportedly considering lifting the suspension of the Insolvency and Bankruptcy
January exports growth hits 22-month high: Commerce ministry data – The Financial Express
Clipped from: https://www.financialexpress.com/economy/january-exports-growth-hits-22-month-high-commerce-ministry-data/2195485/ Imports, too, recorded a second successive month of growth (2% year-on-year) in January but the pace of rise slowed from 7.6% in December
Loans: PMAY can be applied only once – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-pmay-can-be-applied-only-once/2195389/ Do not take loan to invest in stocks. Use proposed EMI to invest via SIP Yes, with a greater than 800 CIBIL score
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