Clipped from: https://economictimes.indiatimes.com/small-biz/legal/centre-promulgates-ibc-amendment-ordinance-to-allow-pre-packaged-insolvency-for-msmes/articleshow/81909630.cmsSynopsis A pre-packaged resolution essentially translates to a company preparing a restructuring plan with its creditors before initiating insolvency proceedings. This helps to cut
Day: April 6, 2021
Commerce ministry makes import registration compulsory for host of aluminium, copper products – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/commerce-ministry-makes-import-registration-compulsory-for-host-of-aluminium-copper-products/articleshow/81908490.cmsSynopsis The copper items include blister copper, refined copper, copper bars, certain copper rod, copper alloys and sanitary ware.Similarly, the aluminium products include ingots,
Income tax department introduces JSON utility for AY 2021-22 ITRs, discontinues Excel/Java – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-department-introduces-json-utility-for-ay-2021-22-itrs-discontinues-excel-java/2227254/ In place of the Excel and Java version of ITR utilities, the CBDT has introduced JSON utility and released a step-by-step guide for
India vehicle scrappage policy: How some clarity from government could help carmakers – The Financial Express..
Clipped from: https://www.financialexpress.com/auto/industry/india-vehicle-scrappage-policy-clarity-from-government-could-help-carmakers-end-of-life-scrapyard-salvage-car-bike/2227134/ The vehicle scrappage policy proposed by the government does indeed come with its terms and conditions. While we aren’t privy to these yet,
I-T Dept launches offline utility for ITR 1, 4- Business News–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/current/economy-politics/income-tax-department-launches-offline-utility-for-itr-1-4/story/435789.html Taxpayers can import and pre-fill the data from e-filing portal and can also fill the remaining data. Since the facility to upload income
Gung-ho on pay-as-you-use motor insurance policy? Think twice–BUSINESS TODAY
Clipped from: https://www.businesstoday.in/money/insurance/gung-ho-on-pay-as-you-use-motor-insurance-policy-think-twice/story/435783.html Digit Insurance, ICICI Lombard General Insurance, Edelweiss General Insurance, Bharti Axa General Insurance, TATA AIG General Insurance and Bajaj Allianz General Insurance, etc
Government amends insolvency law; introduces pre-packaged resolution process for MSMEs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/banking-and-finance/government-amends-insolvency-law-introduces-pre-packaged-resolution-process-for-msmes-7259484/ An ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) on April 4, according to a notification. As per the ordinance,
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
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.
Pre-pack problems | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/pre-pack-problems-121040501240_1.html MSME Ordinance violates basic principle of IBC The government has decided that a “pre-packaged” resolution process for micro, small, and medium enterprises (MSMEs)
RBI’s multiple challenges | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-multiple-challenges-121040501244_1.html Attaining different objectives could become more difficult The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is meeting this week for the first time
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