Clipped from: https://www.thehindubusinessline.com/economy/asset-monetisation-will-bring-paradigm-shift-in-infra-augmentation-fm/article34030124.ece Finance Minister Nirmala Sitharaman on Tuesday said that asset monetisation needs to be viewed not just as a funding mechanism, but as an
Month: March 2021
Cheque bounce: SC sets up committee, seeks report on steps to be taken for early disposal of cheque bounce cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sc-sets-up-committee-seeks-report-on-steps-to-be-taken-for-early-disposal-of-cheque-bounce-cases/articleshow/81430236.cms The top court had last week termed the pendency of over 35 lakhs cheque bounce cases as “grotesque” and suggested to the Centre
Sebi proposes sweeping changes to rules for appointment of independent directors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-proposes-sweeping-changes-to-rules-for-appointment-of-independent-directors/articleshow/81277950.cmsSynopsis The regulator plans to introduce the dual-approval system for the appointment and removal of independent directors. MUMBAI: The Securities and Exchange Board of
Sebi plans ‘dual approval’ for independent directors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-plans-dual-approval-for-ind-directors/articleshow/81280779.cms SynopsisThe regulator plans to introduce the dual-approval system for the appointment and removal of independent directors (ID). MUMBAI: The Securities and Exchange Board of
Dealing with tariff complaints | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/dealing-with-tariff-complaints-121030901706_1.html WTO’s India review shows protectionism has alienated partners The recently released minutes of the meeting at the World Trade Organization (WTO) to discuss
Liquidation an outcome of market forces: IBBI chairperson M S Sahoo | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/liquidation-an-outcome-of-market-forces-ibbi-chairperson-m-s-sahoo-121031000046_1.html Sahoo was responding to the criticism that only 25 per cent of IBC cases end up in resolution while the remaining get liquidated
Lenders ‘can’t be asleep’, must suffer compensation cut for bad loans: CEA | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/lenders-can-t-be-asleep-must-suffer-compensation-cut-for-bad-loans-cea-121030900761_1.html Ever-greening and zombie loans lead to sub-optimal capital allocation, says Chief Economic Advisor. Chief Economic Advisor K V Subramanian Senior management of lenders
Special insolvency relief framework for Covid-hit MSMEs in the works | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/special-insolvency-relief-framework-for-covid-hit-msmes-in-the-works-121031000069_1.html Such firms may be allowed to opt for pre-packaged deal The provisions under consideration include allowing MSMEs to opt for pre-package deals by
Calibrating PSL with new banks – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/calibrating-psl-with-new-banks/2209461/ Repetitive priority sector lending (PSL) shortfall needs to be channelised to, for instance, infrastructure effectively PSL directions last revised in September 2020, require
Cairn says it has identified Indian assets for seizing should it be not paid – The Financial Express
Clipped from: https://www.financialexpress.com/industry/cairn-says-it-has-identified-indian-assets-for-seizing-should-it-be-not-paid/2209248/ British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event
Reimagining India’s healthcare – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/reimagining-indias-healthcare/2210213/ NDHM holds significant promise on transforming India’s healthcare system, especially for the country’s most underserved The success of ODE depends to a large
Budget underestimates taxes for FY21 and FY22 – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/budget-underestimates-taxes-for-fy21-and-fy22/2210152/ The actual tax collection in FY21 could be of about Rs 21.25 lakh crore. This will have an impact on the budgeted estimates
Paying For Housework: Will Tamil Nadu model work? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/paying-for-housework-will-tamil-nadu-model-work/2210210/ TN parties promising to pay women for unpaid domestic work is welcome, but there are many challenges to consider, too The NSSO’s Time
The recovery risks | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-recovery-risks-121031001670_1.html Economic management in India will remain tricky The Joe Biden administration plans to spend $1.9 trillion to stimulate economic activity in the US. Such a
Logistics policy to go to Cabinet for approval, aims to ease goods movement | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/logistics-policy-to-go-to-cabinet-for-approval-aims-to-ease-goods-movement-121031001446_1.html Indian industry pays a high logistics cost, hurting the competitiveness of domestic goods in the international market. A national grid of logistics parks
Insurers may soon be able to launch covers without regulator nod | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/insurers-may-soon-be-able-to-launch-covers-without-regulator-nod-121031100053_1.htmlSubhash C Khuntia Irdai wants to move to a ‘use and file’ system where insurers can market products without first obtaining an approval from the regulator, said
Stay vigilant against risk of cheque fraud | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/don-t-allow-a-stranger-to-fill-cheque-details-121030700704_1.html Mansinghka had been remiss in allowing a stranger to write the cheque. Disappearing magic ink was used which allowed the fraudsters to alter
GST fraud of Rs 20,124 cr detected during Nov 9-Jan 31: Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-fraud-of-rs-20-124-cr-detected-during-nov-9-jan-31-fm-121030901115_1.html A nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit fraudulently is being carried out, FM said in
Parliament passes Arbitration Amendment Bill to protect taxpayer money | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/parliament-passes-arbitration-amendment-bill-to-protect-taxpayer-money-121031001742_1.html Section 36 of the (Arbitration) Act says the arbitration award be set aside if it is against public policy, said Law Minister Ravi
RBI withdraws corrective restrictions on IDBI Bank with riders*-business today
Clipped from: https://www.businesstoday.in/sectors/banks/rbi-withdraws-corrective-restrictions-on-idbi-bank-with-riders/story/433524.html RBI said IDBI Bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and
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