Clipped from: https://www.thehindubusinessline.com/economy/policy/csr-spending-corporates-told-to-create-accounting-liability-for-unspent-amounts/article34536833.ece CA Insitute’s clarification follows MCA’s diktat on fulfilling ‘obligation’ Close on the heels of the Ministry of Corporate Affairs (MCA) requiring companies to
Day: May 12, 2021
Socially relevant – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/ensuring-that-only-credible-social-enterprises-use-the-social-stock-exchanges-is-the-right-approach/article34536978.ece Ensuring that only credible social enterprises use the social stock exchanges is the right approach With the technical group set up by the
Siva Industries: Creditors to scrap bankruptcy process of Siva Industries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/creditors-to-scrap-bankruptcy-process-of-siva-industries/articleshow/82563723.cms Synopsis–The creditors, which include State Bank of India and Malaysia’s Maxis Communications Bhd, the former owner of telecom operator Aircel, have accepted Sivasankaran’s
Two new product structures for title insurance likely: | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/two-new-product-structures-for-title-insurance-likely-here-re-the-details-121051200038_1.html The regulator has now asked for inputs from stakeholders on recommendations of the working group by May 31, 2021 Promoters or developers can
RBI set to put onus on lenders to monitor loan apps – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/rbi-set-to-put-onus-on-lenders-to-monitor-loan-apps/articleshow/82555506.cms Synopsis–The Reserve Bank of India’s working group on digital lending is all set to lay down strict governance and regulatory rules for loan
Cybersecurity will be the pressing ‘issue of this decade’, IBM’s Arvind Krishna says – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/information-tech/cybersecurity-will-be-the-pressing-issue-of-this-decade-ibms-arvind-krishna-says/articleshow/82552952.cms Synopsis–Value lies in the data and people are going to come after that data, IBM Chairman Arvind Krishna says ahead of the IBM
Goods export can hit $400 b in FY22: Goyal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/goods-export-can-hit-400-b-in-fy22-goyal/article34536743.ece Assures exporters that there concerns related to export promotion schemes, inverted duties were being taken up with the Finance Ministry India’s goods exports
Redefining corporate ownership: SEBI prefers ‘controlling shareholders’ to ‘promoters’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/redefining-corporate-ownership-sebi-prefers-controlling-shareholders-to-promoters/article34537354.ece?homepage=true With PEs and institutions in control, difficult to identify promoter group In a move with implications for many corporate houses, market regulator SEBI
Lazy banking: Banks’ bond investment surpasses loans | Business Standard News
lipped from: https://www.business-standard.com/article/finance/lazy-banking-banks-bond-investment-surpasses-loans-121051000247_1.html Standard Chartered’s Sahay said the gap between investments and advances will narrow only gradually Deposit growth remained sturdy in double digits clocking 11.4
Low premiums make firms wary of Covid-19 pandemic covers, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/low-premiums-make-firms-wary-of-covid-19-pandemic-covers-say-experts-121051200034_1.html Since their launch in July last year, these covers have generated strong sales, which started slowing towards the end of FY21 Some insurers
Developers likely to face tough time in office leasing, says study | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/developers-likely-to-face-tough-time-in-office-leasing-says-study-121051101508_1.html About 90 million square feet of lease renewals coming up this year, says a report by Anarock Developers agree that there will be
Sebi plans to ease post-IPO lock-in for promoters, amend key definition | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-plans-to-ease-post-ipo-lock-in-for-promoters-amend-key-definition-121051101115_1.html Regulator mulls replacing concept of ‘promoter’ with ‘person in control’ The regulator has said the definition of “promoter” is wide-ranging and needs to
Govt likely to drop plan to decriminalise cheque bounce offences | Business Standard News
lipped from: https://www.business-standard.com/article/finance/govt-likely-to-drop-plan-to-decriminalise-cheque-bounce-offences-121051200037_1.html It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call
Mutual Funds: You can withdraw money from ELSS after lock-in period and reinvest it – The Financial Express
lipped from: https://www.financialexpress.com/money/mutual-funds/your-queries-mutual-funds-you-can-withdraw-money-from-elss-after-lock-in-period-and-reinvest-it/2250103/ I have been investing in ELSS for the past five years. As the lock-in is for three years, can I withdraw my first
‘Pre pack resolution process has some serious pitfalls’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/pre-pack-resolution-process-has-some-serious-pitfalls/article34533196.ece?homepage=true Financial institutions may forfeit the ‘golden hours’ available for putting the entity back on track, says Bijoy Pulipra The Pre Pack Insolvency Resolution
Disruption of essential supplies: Move policy from obtuse to sensible – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/move-policy-from-obtuse-to-sensible/articleshow/82555281.cmsSynopsis Policy must address both kinds of problems. Any deemed sign of shortage leads to hoarding and realised shortage. This must be averted. COVID-19
bad debt–SBI’s Padma Nair to be NARC’s first CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/sbis-padma-nair-to-be-narcs-first-ceo/articleshow/82551131.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The NARC will aggregate the bad loans and transfer them to a step-down asset management company (AMC) which will manage the assets
Microfiance sector seeks RBI’s additional support to combat COVID-19 second wave – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/banking/finance/microfiance-sector-seeks-rbis-additional-support-to-combat-covid-19-second-wave/articleshow/82550827.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “RBI timely intervention for the sector and its recent announcement of special long-term repo operations (SLTRO) of Rs 10,000 crore for Small Finance
NCLT admits insolvency petition against textile company Sintex Industries – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/nclt-admits-insolvency-petition-against-textile-company-sintex-industries/articleshow/82549700.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sintex is the largest debtor taken to the NCLT since the one year moratorium on filing fresh cases ended in March. Lenders tried
Jaypee Infra insolvency: NBCC, Suraksha submit revised bids – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/jaypee-infra-insolvency-nbcc-suraksha-submit-revised-bids/articleshow/82551233.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis New Delhi, May 11 () State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution
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