Clipped from: https://www.thehindubusinessline.com/money-and-banking/retail-loans-constitute-large-share-of-loan-recast-by-private-banks/article34549157.ece?homepage=true Overall restructuring of loans was low for most private sector banks; these banks have made sufficient provisions Even as Resolution 2.0 announced by
Day: May 14, 2021
Cryptocurrency investors stuck as banks block transactions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency-investors-stuck-as-banks-block-transactions/article34552410.ece?homepage=true Banks have directed payment gateways not to process cryptocurrency-related transactions: Sources Cryptocurrency exchanges and investors are facing a new challenge with most banks
Low-cost charge-points plan seen as big plug for EV adoption – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/low-cost-charge-points-plan-seen-as-big-plug-for-ev-adoption/article34552441.ece?homepage=true The Indian Standards for LAC for EVs will be released in the next two months The government’s initiative on low-cost AC charging infrastructure
Risky rush – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-do-all-it-can-to-steer-retail-investors-away-from-trading-in-risky-instruments/article34551816.ece SEBI needs to do all it can to steer retail investors away from trading in risky instruments Much has been written about the
IT hardware PLI not attractive enough – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/it-hardware-pli-not-attractive-enough/2251667/ Govt must put in place chunkier incentives, of closer to 3-4% and not the measly 2.2% that it is offering now Going ahead
Independent Directors: Indian companies slow in changing board composition, notes IiAS – The Financial Express
Clipped from: https://www.financialexpress.com/industry/independent-directors-indian-companies-slow-in-changing-board-composition-notes-iias/2251635/ The report has said that 14% (70 companies) were non-compliant with board composition norms. Out of these 70 companies, 55 companies were PSUs.
The rise of cash a transient symptom – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/the-rise-of-cash-a-transient-symptom/articleshow/82612200.cmsSynopsis The huge increase in India’s cash in circulation during the pandemic is no cause for alarm. Central bank data shows that currency in
Bankruptcy: NCLT delays compounded by lack of new appointments – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/bankruptcy-indias-struggling-lenders-need-to-brace-for-more-pain-ahead/articleshow/82605785.cms Synopsis–The government’s prepackaged resolutions for MSMEs is also likely to put further strain on the system. Bankers, lawyers, Insolvency and Bankruptcy Board of
Auto retailers’ lobby writes to FM, RBI governor to request loan moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/auto-retailers-lobby-writes-to-fm-rbi-governor-to-request-loan-moratorium/articleshow/82604831.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Retailers, or dealers, make an upfront payment to automakers while purchasing vehicles and this is usually funded through loans with a payment cycle
Hiring for Debt Recovery Tribunals put on fast track – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hiring-for-drts-put-on-fast-track/articleshow/82612485.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A government official confirmed this and said it was looking to appoint around 27 administrators, both as registrars and deputy registrars, in Delhi,
zomato IPO: As countdown begins for Zomato IPO, a Rs 14,000 crore question looms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/as-countdown-begins-for-zomato-ipo-a-rs-14000-crore-question-looms/articleshow/82605292.cmsSynopsis In its draft red herring prospectus, Zomato proposes to utilise 75 per cent of the Rs 7,500 crore IPO proceeds for tapping organic
Own Bitcoin? You may be required to disclose it in I-T returns – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/make-individuals-disclose-bitcoin-assets-in-i-t-returns-crypto-players-tell-government/articleshow/82606463.cmsSynopsis Crypto players have requested the government to make specific provisions in the Income Tax Act that would lead to individual crypto holders of
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