Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/they-also-serve-stocks-that-fall/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Stock markets have turned volatile, and that is
Month: March 2021
GST officers arrest person for defrauding exchequer Rs 13.76 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/gst-officers-arrest-person-for-defrauding-exchequer-rs-13-76-crore/articleshow/81278982.cmsSynopsis The Gurugram Zonal Unit of Directorate General of GST Intelligence has arrested a resident of Muzaffarnagar in UP, Pradeep Jain, who is director
Cheque dishonor cases can’t be filed or continued against firms facing insolvency proceedings: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cheque-dishonor-cases-cant-be-filed-or-continued-against-firms-facing-insolvency-proceedings-sc/articleshow/81278045.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The top court, however, did not extend the benefit of moratorium on judicial proceedings in cheque bounce cases to directors or signatories of
Pay your family’s insurance premiums and PPF contributions to save tax | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/pay-your-family-s-insurance-premiums-and-ppf-contributions-to-save-tax-121022600642_1.html While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws don’t apply Photo:
After the moratorium: Booster dose for the IBC | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/after-the-moratorium-booster-dose-for-the-ibc-121022800799_1.html The Reserve Bank of India’s (RBI’s) Financial Stability Report indicates an escalation of gross non-performing assets to 14.8 per cent The Insolvency and
There’s no such thing as self-reliance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/there-s-no-such-thing-as-self-reliance-121030100004_1.html For sustained growth India needs to use foreign capital and foreign know-how to produce goods that it sells in foreign markets. What’s self-reliant
Anand Mahindra: After Anand Mahindra says ‘connect me to him’, man who built the tiny house on top of a rickshaw comes forward – The Economic Times
Clipped from: https://economictimes.indiatimes.com/magazines/panache/young-man-built-a-tiny-house-on-top-of-a-rickshaw-anand-mahindra-much-impressed-says-connect-me-to-him/articleshow/81244833.cmsSynopsis Mahindra had tweeted asking social media to connect him to the 24-year-old architect. The 24-year-old Prabhu started tending on social media afterMahindra‘s tweet. In a
No TDS on buying property under liquidation: NCLAT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/no-tds-on-buying-property-under-liquidation/articleshow/80782340.cms In the case between S Kumars Nationwide and Chief Commissioner of Income Tax, the NCLAT ruled the liquidator is not required to prepare
bad bank: Nine banks, two non-bank lenders to infuse Rs 7,000 crore in bad bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/nine-banks-two-non-bank-lenders-to-infuse-rs-7000-crore-in-bad-bank/articleshow/81264978.cms SynopsisEleven shareholders will hold just above 9% each initially, and this would mean that no single shareholder has more than 10% in promoting
Making drivers Uber’s employees hurts innovation – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/making-drivers-ubers-employees-hurts-innovation/2203792/ The UK SC ruling could spur other countries to take a similar line, making the models of apps like Uber/Airbnb unviable In such
Highway construction on record breaking spree! Work reaches scorching pace – The Financial Express
Clipped from: https://www.financialexpress.com/infrastructure/highway-construction-on-record-breaking-spree-work-reaches-scorching-pace/2203637/ Adjusting for the first 20 days of April 2020 wherein no construction activity was allowed, the execution per day saw a growth of
Localisation Clause: Will laptop PLI run into trouble in WTO? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/will-laptop-pli-run-into-trouble-in-wto/2203728/ The government expects the scheme to reduce India’s import dependence for IT hardware in a major way — currently, 80% of the country’s
Attracting ‘new money’ will be a challenge for the ARC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/attracting-new-money-will-be-a-challenge-for-the-arc/article33957326.ece Book building for the new ARC may be easy, but its success will depend on the ability to develop a vibrant distressed debt
Will the bad bank appeal to everybody’s palate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/will-the-bad-bank-appeal-to-everybodys-palate/article33957323.ece For it to take wings, design issues must be sorted out – the final structure holds key for it to succeed in a
“The business was built on equity and public deposits” – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/the-business-was-built-on-equity-and-public-deposits/article33955753.ece Managing Director TT Srinivasaraghavan on what made Sundaram Finance a household name in Chennai It’s just after 3 pm when TT Srinivasaraghavan (TTS)
Revival pangs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/revival-pangs/article33955836.ece The economic recovery from Covid is getting more broad-based, but weak purchasing power is a worry The third quarter FY21 GDP growth number
Have women reaped the benefit of financial inclusion schemes? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/deep-dive/have-women-reaped-the-benefit-of-financial-inclusion-schemes/article33956360.ece Participation is low in insurance and pension schemes but high in schemes giving loans When Sanjay lost his job in a private company
Textiles Ministry ‘re-looking’ PLI plan turnover threshold – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/some-players-seek-lower-threshold-on-turnover/article33955222.ece The Textile Ministry is taking a re-look at the proposed parameters of the Production Linked Incentive (PLI) scheme for the sector as some
IDBI Bank to set-off accumulated losses after declaring Q4 FY21 results – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-bank-to-set-off-accumulated-losses-after-declaring-q4-fy21-results/article33954207.ece IDBI Bank is planning to set off accumulated losses of about Rs 44,500 crore against the balance standing to the credit of the
For a monetary-fiscal tango – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/for-a-monetary-fiscal-tango/2203796/ The govt’s push to capital spending in the budget will help ease logistics cost, helping lower inflation. Lower inflation, in turn, will allow
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