Clipped from: https://www.business-standard.com/article/economy-policy/govt-amends-insolvency-law-introduces-pre-packaged-resolution-for-msmes-121040500380_1.html The latest move comes less than two weeks after the suspension of certain IBC provisions ended The government has amended the insolvency law
Day: April 5, 2021
IBC prevails over SARFAESI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/ibc-prevails-over-sarfaesi/article34239316.ece The IBC is intended to put the debtor back on its feet, not merely to enable recovery of the dues by the creditors.
Law and language – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/law-and-language/article34239308.ece Since our laws are drafted in the English language, the grammar of the language comes into play a lot. The bill of entry
GST to be levied on underlying goods/services in gift vouchers: AAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/gst-to-be-levied-on-underlying-goodsservices-in-gift-vouchers-aaar/article34236750.ece?homepage=true Says GST law recognises vouchers as an instrument of consideration (non-monetary form) for future supply Clearing the air over taxability of gift cards
In relief to micro-enterprises, ICAI softens accounting standards blow – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/in-relief-to-micro-enterprises-icai-softens-accounting-standards-blow/article34239244.ece?homepage=true A special category has been created The Institute of Chartered Accountants of India (ICAI) has exempted micro-enterprises from the adoption of certain accounting
Now, a pre-packaged insolvency process for MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/now-in-india-a-pre-packaged-insolvency-process-for-msmes/article34242211.ece?homepage=true Centre issues ordinance to introduce pre-packaged insolvency for corporates classified as MSMEs The Centre has used the Ordinance route to introduce pre-packaged insolvency
Signs of the times: Digital document verifications accelerate amid Covid-19 | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/signs-of-the-times-digital-document-verifications-accelerate-amid-covid-19-121040400912_1.html The use of digital signatures and online verification of documents has touched a new high after the onset of the pandemic The Covid-19
Fresh risk to economy | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/fresh-risk-to-economy-121040400923_1.html Govt should avoid the mistakes of 2020 The latest tax collection data suggests the final fiscal deficit number for 2020-21 will be lower than the revised estimate.
IndusInd Bank: With the balance sheet stabilising, focus shifts to growth | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/indusind-bank-with-the-balance-sheet-stabilizing-focus-shifts-to-growth-121040400807_1.html Street’s apprehension on asset quality and ability to regain footing on deposits has been arrested Provisions as a proportion of total loans stood
ByteDance says India’s freeze on bank accounts is harassment: Court filing | Business Standard News
lipped from: https://www.business-standard.com/article/current-affairs/bytedance-says-india-s-freeze-on-bank-accounts-is-harassment-court-filing-121040400476_1.html Beijing has repeatedly criticised India over that ban and those of other Chinese apps Photo: Reuters China’s ByteDance has told an Indian court that a
Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers | Business Standard News
lipped from: https://www.business-standard.com/article/pf/decade-on-wait-for-a-roof-still-far-cry-for-jaypee-infratech-homebuyers-121040400958_1.html Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan According to a report by the Interim
Primary focus on scaling up existing units: M&M MD & CEO Anish Shah | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/primary-focus-on-scaling-up-existing-units-m-m-md-ceo-anish-shah-121040400936_1.html Anish Shah says the exercise of exiting loss-making international subsidiaries is almost done Anish Shah, Managing Director and CEO, Mahindra and Mahindra Anish
Defying the Covid-19 pandemic: Buoyant exports of ‘core’ products signal trade edge – The Financial Express
Clipped from: https://www.financialexpress.com/economy/defying-the-covid-19-pandemic-buoyant-exports-of-core-products-signal-trade-edge/2226796/ India’s exports of ‘core’ products, or goods excluding petroleum and gems & jewellery, have accelerated at a quicker pace than that of overall
Real returns from FDs remain in the red: Savers reliant on bank deposits continue to lose – The Financial Express
Clipped from: https://www.financialexpress.com/money/real-returns-from-fds-remain-in-the-red-savers-reliant-on-bank-deposits-continue-to-lose/2226806/ The government may have reversed its decision to lower rates of small savings schemes, but savers who rely on bank deposits continue to
Insolvency scheme: Govt, regulator finalising pre-pack framework, MSME scheme – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/insolvency-scheme-govt-regulator-finalising-pre-pack-framework-msme-scheme/2226793/ The government and the regulator are in the process of finalising a so-called pre-pack insolvency scheme, while a special framework for micro, small
Your health insurance premium can help you save big on tax; here’s a complete guide to Section 80D income tax deductions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/health-insurance/your-health-insurance-premium-can-help-you-save-big-on-tax-heres-a-complete-guide-to-section-80d-income-tax-deductions/articleshow/81633530.cmsSynopsis Bajaj Allianz is determined to make sure that you get your money’s worth at every stage. This convenience gets a further boost with
ITR filing: 2-5% TDS on small savings if ITR not filed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/2-5-tds-on-small-savings-if-itr-not-filed/articleshow/81884632.cmsSynopsis Tax experts say this will ensure that tax-free options such as the PPF and other Post Office schemes are not misused by non-filers.
Commercial real estate developers urge govt to not levy 18% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/commercial-real-estate-developers-urge-govt-to-not-levy-18-gst/articleshow/81849597.cmsSynopsis Instead of outright purchase of land, developers are now looking to enter into a joint development agreement where both landowner and developer share
Confusion over when to levy GST on gift vouchers and gift cards finally gets cleared – The Economic Times
lipped from: https://economictimes.indiatimes.com/small-biz/gst/confusion-over-when-to-levy-gst-on-gift-vouchers-and-gift-cards-finally-gets-cleared/articleshow/81906915.cmsSynopsis Levying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased
bad loans: RBI may set up task force soon: Rules for ARCs likely to be reviewed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rules-for-arcs-likely-to-be-reviewed/articleshow/81904479.cmsSynopsis The move could involve examining proposals like weaving the role of ARCs in the insolvency and bankruptcy code, letting them join hands with
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