Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-bit-too-socially-restrictive-sebi/articleshow/82464311.cmsSynopsis The classification of eligible activities should be flexible, within limits. And, indeed, these should target underprivileged groups. However, there is no reason to
Day: May 8, 2021
Delhi High Court stays show cause notice by I-T dept under faceless assessment regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/hc-stays-show-cause-by-i-t-under-faceless-assessment-regime/articleshow/82465756.cmsSynopsis The Delhi High Court said the submission that there was a breach of principles of natural justice appears to be prima facie correct.
Auto sales: It’s May-hem in auto, sales may fall 70-80% – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/its-may-hem-in-auto-sales-may-fall-70-80/articleshow/82471748.cms Synopsis–Vinkesh Gulati, president for Federation of Automotive Dealers Association, says customer walk-ins and bookings are negligible, which is not a good sign for
On-tap liquidity facility: RBI asks banks to on-lend to healthcare cos in 30 days of availing credit – The Financial Express
Clipped from: https://www.financialexpress.com/economy/on-tap-liquidity-facility-rbi-asks-banks-to-on-lend-to-healthcare-cos-in-30-days-of-availing-credit/2247863/ However, the banks will have to ensure that the amount borrowed from the RBI should at all times be backed by lending to
Flipkart introduces a slew of initiatives to support sellers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flipkart-introduces-a-slew-of-initiatives-to-support-sellers/article34509028.ece Provides them financial, health and safety benefits E-commerce major Flipkart has extended various initiatives to lakhs of MSMEs, small scale sellers, artisans, weavers
Profit booking leads to drop in prices of G-Secs – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/markets/profit-booking-leads-to-drop-in-prices-of-g-secs/article34509162.ece Rates had risen in last couple of days Government securities (G-Sec) prices declined on Friday, despite the weekly auction G-Sec sailing through comfortably,
Delhi HC asks I-T Dept to give 3 weeks notice to assessee before taking any coercive action – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/covid-relief-delhi-hc-asks-i-t-dept-to-give-3-weeks-notice-to-assessee-before-taking-any-coercive-action/article34508991.ece Petitioners plead for issuance of directions for waiver of charges towards tax payment delay The Delhi High Court has asked the Government to
Covid-19 loans: Banks using their own resources to get the benefit | Business Standard News
lipped from: https://www.business-standard.com/article/finance/banks-using-own-funds-for-covid-19-loans-can-take-reverse-repo-rate-benefit-121050700736_1.html Earlier, option of earning 40 bps extra was for banks using RBI’s Rs 50,000-cr window On May 5, RBI governor Shaktikanta Das announced
Second month in row, Walmart’s PhonePe logs over 1 billion transactions | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/second-month-in-row-walmart-s-phonepe-logs-over-1-billion-transactions-121050701417_1.htmlIn March, it had processed 1.19 billion transactions amounting to Rs 2.31 trillion For two consecutive months, Walmart-backed PhonePe has processed more than a billion transactions
FPIs seek three months more to implement Sebi diktat on monitoring DRs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/fpis-seek-three-months-more-to-implement-sebi-diktat-on-monitoring-drs-121050700973_1.html Cite legal hurdles and challenges in implementing the circular in its present form The diktat requires custodians to collect and report information on
Hospitals to reap the benefits of RBI’s health care liquidity injection | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/hospitals-to-reap-the-benefits-of-rbi-s-health-care-liquidity-injection-121050601444_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 While top hospital chains reported an average borrowing cost of 9.8% in H1FY21, loans under the special RBI liquidity window for the health
Reliance Industries may renegotiate Future group valuation: Bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/reliance-industries-may-renegotiate-future-group-valuation-bankers-121050800056_1.html FRL sales to drop by 71% in FY21 owing to pandemic impact; sales in FY22 to remain about 30% lower than in FY20,
Banks want RBI to relax NPA norms for lockdown-stressed MSME sector | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/banks-want-rbi-to-relax-npa-norms-for-lockdown-stressed-msme-sector-121050700674_1.html Bankers request extension of NPA classification norms to 180 days from 90 days currently The MSME sector was already reeling under pressure and
RBI Announcement for MSME Today: RBI announces slew of measures for MSMEs battered by Covid second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/rbi-announces-slew-of-measures-for-msmes-battered-by-covid-second-wave/articleshow/82399963.cmsSynopsis For enhancing credit to MSME entrepreneurs, the RBI Governor mentioned that in Feb 2021, the scheduled commercial banks were allowed to deduct credit
Shaktikanta Das speech highlights: The emergency measures outlined by RBI Governor in unscheduled address – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/the-emergency-measures-shaktikanta-das-outlined-at-his-unscheduled-address-today/articleshow/82399785.cmsSynopsis Governor Das had been holding discussions with banks and NBFCs for some time about the ground situation on liquidity, credit flow and balance
RBI not to provide moratorium but restructuring 2.0 in place for borrowers – Check details – The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-not-to-provide-moratorium-but-restructuring-2-0-in-place-for-borrowers-check-details/2246095/ Those who had not availed the re-structuring 1.0 can now avail the re-structuring 2.0 if the loan amount is up to Rs 25
Ask Money Today: How does Capital Gains Account Scheme work in buying a house property?
Clipped from: https://www.businesstoday.in/money/ask-money-today/ask-money-today-how-does-capital-gains-account-scheme-work-in-buying-a-house-property/story/438363.html It is required to utilise capital gains amount towards acquisition of property before filing of ITR. If you don’t, then this amount should
Here’s what else the RBI can do as pandemic rages on – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/heres-what-else-the-rbi-can-do-as-pandemic-rages-on/articleshow/82428076.cmsSynopsis As regulator of the banking sector, the RBI can ease loan repayment rules, especially for sectors badly hit by the pandemic’s second wave
Majority of SMEs qualify for restructuring says Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/majority-of-smes-qualify-for-restructuring-says-crisil/articleshow/82433645.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Last fiscal, a third of these SMEs had cushioned their liquidity by availing of the RBI mandated six month moratorium on bank loans.
Insurance uncertainties, big dents on the wallet: second wave grips life in India like a constrictor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/insurance-uncertainties-big-dents-on-the-wallet-second-wave-grips-life-in-india-like-a-constrictor/primearticleshow/82411229.cms Synopsis–As India fights pandemic’s second wave, the impact has been more deep-rooted. Families’ budgets have been shaken and more unpleasant realities are coming
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