Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/india-inc-sheds-debt-to-boost-ratings-valuations/articleshow/82696851.cms Synopsis–Reliance Industries has reduced its gross debt by nearly Rs 1.21 lakh crore in FY21 to Rs 2.24 lakh crore, riding on a
Day: May 17, 2021
Ensuring more transparency in banking – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ensuring-more-transparency-in-banking/article34573596.ece Tightening supervision – Bloomberg Tightening supervision – Bloomberg× The apex court has told the RBI to make public annual inspection reports of banks.
IDBI-Sivasankaran deal raises hope for other defaulting promoters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/idbi-sivasankaran-deal-raises-hoped-for-other-defaulting-promoters/article34572075.ece Firms may be able to take back control of their companies if the debt resolution process fails to find new owners Former promoters
How to spend, yet reduce government debt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/ashima-goyal/how-to-spend-yet-reduce-government-debt/article34573377.ece Deficit matters India must never lose sight of fiscal consolidation – /iStockphoto Deficit matters India must never lose sight of fiscal consolidation –
Judiciary walks the talk on Taxpayers’ Charter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/judiciary-walks-the-talk-on-taxpayers-charter/article34573636.ece As promised in the Taxpayers Charter, the IT department is committed to providing fair treatment and delivering professional assistance in all dealings with
Food items supplied under govt scheme to ITI trainees not to attract GST: AAR – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/food-items-supplied-under-govt-scheme-to-iti-trainees-not-to-attract-gst-aar/article34572622.ece ‘ITI is institution providing education up to higher secondary level’ The supply of food items under government-sponsored schemes for students to institution such
Section 301 hearing: Indian industry fights tariffs proposed by US as retaliation against digital tax – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/section-301-hearing-indian-industry-fights-tariffs-proposed-by-us-as-retaliation-against-digital-tax/article34573474.ece Exporters of basmati, gems & jewellery, steel, seafood argue that proposed tariffs will escalate dispute, hurt industry, consumers in both countries Strong arguments
GST meet to consider relief for Covid essentials – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-council-meet-to-consider-relief-for-covid-essentials/article34573571.ece?homepage=true States seek GST exemption for sanitisers, PPE kits, oximeters and ventilators With the growing clamour from the States for additional money to manage
How to reconstruct asset reconstruction companies | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-to-reconstruct-asset-reconstruction-companies-121051600864_1.html Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a
Stabilising ultra mega coal plant remains a major concern for Tata Power | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/stabilising-ultra-mega-coal-plant-remains-a-major-concern-for-tata-power-121051600834_1.html This at a time when the company is focusing on renewable energy The 4,000 Mw Mundra, Gujarat-based CGPL, is one of several “ultra
Microfinance institutions using AI, machine learning to disburse more loans | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/microfinance-institutions-using-ai-machine-learning-to-disburse-more-loans-121051600789_1.html Tailor-made financial products are being devised, and credit histories are created for all customers. New tools have led to high collection efficiencies Imaging:
Unhappy with insurer’s response to your Covid claim? Move the ombudsman | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/unhappy-with-insurer-s-response-to-your-covid-claim-move-the-ombudsman-121051401193_1.html If your complaint has merit, the ombudsman, which is decidedly consumer-centric, could rule in your favour Kimti Lal Khatri, 55, a resident of
After strong Q4 performance, Asian Paints faces multiple challenges | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/after-strong-q4-performance-asian-paints-faces-multiple-challenges-121051600733_1.html The Covid wave, rising raw material costs can impact near-term sales Multiple lockdowns across states and the fact that the impact of the
Truck rentals on key trunk routes down by further 5-7% in past fortnight | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/truck-rentals-on-key-trunk-routes-down-by-further-5-7-in-past-fortnight-121051600615_1.html Poor fleet utilisation, lack of return loads weighs on capacity of transporters to repay truck loans, puts question mark on business viability Poor
Non-resident entities seek withholding tax breather amid second Covid wave | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/non-resident-entities-seek-withholding-tax-breather-amid-second-covid-wave-121051700026_1.html In absence of certificates, they risk having 40% tax cut from revenues Lockdowns have been imposed over most of the country to slow
Crypto exchanges draw attention of regulators over brand promotions | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/crypto-exchanges-draw-attention-of-regulators-over-brand-promotions-121051700016_1.html According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the
Solar power: Levy of basic customs duty may hit tariff trajectory – The Financial Express
lipped from: https://www.financialexpress.com/industry/solar-power-levy-of-basic-customs-duty-may-hit-tariff-trajectory/2253036/ The role of imports in solar capacity addition is evident from the numbers for the April-January period of the last fiscal. In December,
Insurance & real estate: Panel moots cover for allottees & successors – The Financial Express
lipped from: https://www.financialexpress.com/money/insurance/insurance-real-estate-panel-moots-cover-for-allottees-successors/2252239/ A few general insurance firms offer title insurance to developers, housing societies and their shareholders The panel has suggested synchronised efforts to popularise
India launches probe against China, Thailand and Vietnam – The Financial Express
Clipped from: https://www.financialexpress.com/economy/india-launches-probe-against-china-thailand-and-vietnam/2253094/ Solar cells are the basic ingredient used in the manufacturing of solar modules and Chinese products are 15-20% cheaper than their Indian counterparts.
Liquidity Woes: Services exporters hit as benefits held back – The Financial Express
Clipped from: https://www.financialexpress.com/economy/liquidity-woes-services-exporters-hit-as-benefits-held-back/2252982/ The SEIS was introduced in the Foreign Trade Policy (FTP) for 2015-20; the validity of the FTP has now been extended up to
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