Clipped from: https://www.business-standard.com/article/economy-policy/msmes-urge-fm-nirmala-sitharaman-to-review-npa-classification-norms-121042701411_1.html In its suggestions to the finance ministry, the Federation of Indian Micro, Small and Medium Enterprises has said the greatest need that has
Month: April 2021
SC extends limitation period for filing of cases/appeals till further orders : The Tribune India
lipped from: https://www.tribuneindia.com/news/nation/sc-extends-limitation-period-for-filing-of-cases-appeals-till-further-orders-244912 Satya Prakash Tribune News Service New Delhi, April 27 As second wave of COVID-19 hits India, the Supreme Court on Tuesday extended the
Permission does not a bond market make–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/permission-does-not-a-bond-market-make/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Insurance regulator, Irdai, has given its go-ahead for
Defer PLI targets for global, domestic smartphone cos: Industry associations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/defer-pli-targets-for-smartphone-cos/articleshow/82247086.cms Synopsis–Nine out of ten companies under the PLI scheme for handsets could not meet the year one incremental sales turnover targets in the
RBI issues guidelines for appointment of statutory auditors of banks, NBFCs
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-issues-guidelines-for-appointment-of-statutory-auditors-of-banks-nbfcs/articleshow/82270246.cmsSynopsis As per the new norms, banks will be required to take prior approval of the RBI for appointment or reappointment of statutory auditors
Restructure retail & individual loan accounts, liquidity support: FIDC to RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/restructure-retail-individual-loan-accounts-liquidity-support-fidc-to-rbi/articleshow/82273060.cmsSynopsis The body in a letter addressed to Shaktikanta Das, Governor of RBI, said this was for the interests of retail NBFCs who “primarily
Pandemic has household savings jumping to 22.5% of GDP: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/pandemic-has-household-savings-jumping-to-22-5-of-gdp-report/articleshow/82275685.cmsSynopsis But households’ physical savings fell to a low 5.8 per cent of GDP in the April-June period — when the whole nation was
Govt may soon approve proposed bad bank, though with some riders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bad-bank-likely-to-get-nod-soon-with-rider/articleshow/82283088.cms Synopsis–The rider is to ensure that non-performing assets (NPAs) are not sold at inflated prices. Also, the government will offer a sovereign guarantee
80% MSMEs, startups urge FM Sitharaman to extend GST payment, return filing deadlines without penalty – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/80-msmes-startups-urge-fm-sitharaman-to-extend-gst-payment-return-filing-deadlines-without-penalty/2241340/ Credit and Finance for MSMEs: The government had last week announced the extension of the deadline for payments under the Direct Tax Vivad
YOUR QUERIES: INCOME TAX- For NRIs, only income sourced from India will be liable to tax – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-for-nris-only-income-sourced-from-india-will-be-liable-to-tax/2241249/ Every individual having income above the prescribed threshold, has to declare particulars of income earned/ loss incurred under different heads, deductions/ exemptions claimed
Wrong listing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-rbi-must-ignore-the-us-action-and-continue-with-its-efforts-to-maintain-rupee-stability/article34423977.ece The RBI must ignore the US action and continue with its efforts to maintain rupee stability The decision of the US Department of
Banks, UCBs with asset size of over ₹15,000 crore must have two auditors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-guidelines-require-banks-ucbs-and-nbfcs-to-appoint-auditors-for-3-years/article34420924.ece?homepage=true RBI issues guidelines for appointment of auditors in banks, co-op banks, NBFCs In a bid to ensure independence of bank auditors, the Reserve
Confidence level of US, Europe high; India stress will reduce: CP Gurnani – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/information-tech/confidence-level-of-us-europe-high-india-stress-will-reduce-cp-gurnani/articleshow/82262268.cms Synopsis–Tech Mahindra chief executive CP Gurnani said the IT services provider is on a growth path as its core telecom customers as well
Pre-institution mediation, abolishing IP Appellate Board to help MSMEs with speedy justice: Law ministry – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/pre-institution-mediation-abolishing-ip-appellate-board-to-help-msmes-with-speedy-justice-law-ministry/2240639/ Ease of Doing Business for MSMEs: The government had promulgated an ordinance on April 4, 2021, to abolish five appellate tribunals including the
Crores of traders urge FM Nirmala Sitharaman to defer GST, income tax compliances by three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/crores-of-traders-urge-fm-nirmala-sitharaman-to-defer-gst-income-tax-compliances-by-three-months/2239771/ Covid impact on MSMEs: “The daily business loss due to lockdown in Delhi is likely to be around Rs 600 crore while for
Flush with funds, start-ups go on a hiring spree in 2020 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flush-with-funds-start-ups-go-on-a-hiring-spree-in-2020/article34417236.ece Vedantu tops with 5,093 net addition, according to data Flush with fresh funds and business growth, start-ups stepped up hiring in 2020 even
The Contrarian Mr Khattar | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/the-contrarian-mr-khattar-121042601150_1.html The former Maruti boss took delight in chiding you for not thinking deeply enough. If he came up with a contrarian thought he’d
Police book Indiabulls promoters, directors; firm moves court to quash FIR | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/police-book-indiabulls-promoters-directors-firm-moves-court-to-quash-fir-121042700022_1.html The Enforcement Directorate (ED) is learnt to have reached out to the police team seeking details of the case, a senior official confirmed
Need new well-capitalised asset-reconstruction companies, says RBI study | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/need-new-well-capitalised-asset-reconstruction-companies-says-rbi-study-121042601444_1.html Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and
Resurgence of pandemic may bring back inflation pressure, says RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/resurgence-of-pandemic-may-bring-back-inflation-pressure-says-rbi-121042601181_1.html Pandemic protocols, speedier vaccination, ramping up health care capacity, and remaining resolutely focused on a post pandemic future is the way forward, state-of-economy
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