Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-want-finmin-to-pick-up-the-tab-for-refund-of-interest-on-interest-for-loans-above-2-cr/article34190603.ece Banks fear this will lead to an impact on their bottomline Banks want the government to pick up the tab for refunding amounts
Month: March 2021
IBC rebooted – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/given-the-covid-context-the-pre-pack-option-should-be-finalised/article34191820.ece Given the Covid context, the ‘pre-pack’ option should be finalised The Covid impact poses fresh challenges to the recently-restarted IBC process which has
Data of 3.5 m MobiKwik users allegedly hacked – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/data-of-35-m-mobikwik-users-allegedly-hacked/article34192591.ece Fintech platform denies claim, says user data safe Personal details of 3.5 million MobiKwik users seem to have been leaked, according to independent
Limited e-invoicing window a worry for small and medium companies | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/limited-e-invoicing-window-a-worry-for-small-and-medium-companies-121032900007_1.html The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses
GST–Audit explained
30.01.2020, 3. E.Aravinda Reddy Sir, Deputy Commissioner (ST) – AUDITS and ASSESSMENTS.pdfhttps://www.tgct.gov.in/tgportal/staffcollege/DR%20ACTOs%2017.01.2020%20to%2018.02.2020/January%20-%202020%20PDFs/30.01.2020,%203.%20E.Aravinda%20Reddy%20Sir,%20Deputy%20Commissioner%20(ST)%20-%20AUDITS%20and%20ASSESSMENTS.pdf
Central GST Dept Issuing ‘Illegal’ Show Cause Notices for FY2015, Alleges CA Association: Report–money life.in
Clipped from: https://www.moneylife.in/article/central-gst-dept-issuing-illegal-show-cause-notices-for-fy2015-alleges-ca-association-report/62592.html The Central goods and services tax (GST) department has been issuing show cause notices (SCNs) for FY2014-15 for difference in receipts as per
What is RBI’s Restructuring 2.0 all about? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/what-is-rbis-restructuring-20-all-about/article32288117.ece The one-off resolution of stressed personal loans will be available to borrowers repaying their loans regularly as on March 1 In a bid
Pre-pack insolvency: Sahoo panel submits report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/pre-pack-insolvency-sahoo-panel-submits-report/article33040042.ece Recommends mechanism that proposes maximum 90 days for completion of resolution process In a move that would quicken the pace of insolvency resolution,
IBBI keen to up governance quotient of IPAs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ibbi-keen-to-up-governance-quotient-of-ipas/article32587689.ece Seeks public comments on a discussion paper on governance issues in IPAs Insolvency regulator IBBI has proposed to introduce minimum qualifications, experience and
AGR dues case: SC leaves it for NCLT to examine questions around IBC matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/agr-dues-case-sc-leaves-it-for-nclt-to-examine-questions-around-ibc-matters/article32505549.ece Wants the Tribunal to pass a reasoned order on the questions within two months The Supreme Court has left it to the National
IBBI proposes 2 steps to expedite corporate liquidation process – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/ibbi-proposes-2-steps-to-expedite-corporate-liquidation-process/article32474570.ece Liquidators may be allowed to assign ‘Not Readily Realisable Assets’ to third parties; creditors may get to transfer debt Corporate liquidation process may
FinMin directs banks to up the game on personal guarantors to corporate loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/finmin-directs-banks-to-up-the-game-on-personal-guarantors-to-corporate-loans/article32459061.ece Tells them to install IT and monitoring systems to collate structured data KR Srivats/Shishir Sinha In a move to keep a keener eye on
IBBI bars an Insolvency Professional from rendering services for 3 months – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ibbi-bars-an-insolvency-professional-from-rendering-services-for-3-months/article32444487.ece This member had contravened IBC by engaging an unregistered valuer Appointing an unregistered valuer got an insolvency professional (IP) Rajneesh Singhvi in trouble
RBI lays out rules for opening current accounts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-lays-out-rules-for-opening-current-accounts/article32288214.ece In view of concerns emanating from use of multiple operating accounts by borrowers, the Reserve Bank of India (RBI) has decided to put
CBI books Delhi-based firm, its directors – The Hindu
Clipped from: https://www.thehindu.com/news/national/cbi-books-delhi-based-firm-its-directors/article34185016.ece Case involves defrauding a bank of over ₹50 crore The Central Bureau of Investigation (CBI) has booked a Delhi-based company and others for
Limited e-invoicing window a worry for small and medium companies | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/limited-e-invoicing-window-a-worry-for-small-and-medium-companies-121032900007_1.html The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses
Govt may wait for clarity before announcing new foreign trade policy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-may-wait-for-clarity-before-announcing-new-foreign-trade-policy-121032800859_1.html The latest trade figures show that between April 2020 and February 2021, exports of merchandise and services stood at $439.64 billion The Foreign Trade
Market in distressed assets may be huge, but deal-making faces headwinds | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/market-in-distressed-assets-may-be-huge-but-deal-making-faces-headwinds-121032800715_1.html With the Supreme Court vacating the one-year breather on the filing of insolvency proceedings, it’s back to the grind on the bad-loans front
Status check of PLI schemes that aim to make India world’s factory | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/status-check-of-pli-schemes-that-aim-to-make-india-world-s-factory-121032900021_1.html Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction
With help from angel networks, investors get to back rising startups | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/with-help-from-angel-networks-investors-get-to-back-rising-startups-121032800511_1.html Angel networks allow people to make collective investments and bring quality startups to their table Illustration: Ajay Mohanty Padmaja Ruparel, co-founder of India
aniltikotekar4sme.com 