Clipped from: https://www.thehindubusinessline.com/economy/levying-igst-on-imported-oxygen-concentrators-for-personal-use-unconstitutional-delhi-hc/article34617008.ece Division Bench quashes Finance Ministry notification issued on May 1 The Delhi High Court, on Friday, held that the imposition of Integrated Goods
Day: May 22, 2021
Pandemic takes a toll on truckers, loan repayments slow – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/pandemic-takes-a-toll-on-truckers-loan-repayments-slow/article34598922.ece Truckers are hoping for a blanket loan moratorium as businesses take a hit, utilisation drops While delays in repayments of truck loans have
Kirana partners register 30% increase in monthly delivery income: Flipkart – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/kirana-partners-register-30-increase-in-monthly-delivery-income-flipkart/article34615418.ece Launched in 2019, the programme aligns with Flipkart’s aim of providing kiranas with an additional source of revenue Flipkart on Friday said its
Pushing ‘pre-packed’ insolvency resolution – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34619148.ece In these troubled times, a consensus-based approach can be effective in saving viable MSMEs in a time-bound manner The Insolvency and Bankruptcy Code,
Road Ministry proposes norms to mark tyres based on fuel efficiency, noise reduction, safety – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34619141.ece Markings on the tyres will start from October 1 this year New Delhi, May 21In a move that will allow consumers make an
Allowing Wadhawan to present settlement offer could derail DHFL resolution: RBI – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34619129.ece Says it would also allow the erstwhile promoter to benefit from his own wrong Permitting Kapil Wadhawan, erstwhile promoter DHFL to present a
Firms can now set off excess CSR spent in FY20 against obligation for FY21 – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34619121.ece However, the offset amount shouldfactor in unspent CSR for previous fiscals Corporates that had paid heed to the Ministry of Corporate Affairs’ appeal
Banks eye sureties of ₹1.8-lakh cr – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-eye-sureties-of-18-lakh-cr/article34617449.ece Promoters of 42 firms face music Personal guarantees amounting to ₹1.8-lakh crore given by promoters of as many as 42 defaulting corporate entities
Lenders can go after personal guarantors to corporates: SC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ibc-code-apex-court-upholds-govt-move-to-initiate-proceedings-against-personal-guarantors/article34613841.ece?homepage=true ‘Surety is not absolved by release of the principal borrower because of IBC proceedings’ The Supreme Court on Friday upheld a government move
CoC rejects NBCC bid; says third-party securities held by IFCs are additional security interest – The Financial Express
Clipped from: https://www.financialexpress.com/industry/coc-rejects-nbcc-bid-says-third-party-securities-held-by-ifcs-are-additional-security-interest/2256807/ In its revised resolution plan, NBCC proposed that DFCs would be allowed to enforce security interest, forming a part of the institutional financial
Secured solar bids allowed to lapse in UP as tariffs found to be ‘significantly higher’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/secured-solar-bids-allowed-to-lapse-in-up-as-tariffs-found-to-be-significantly-higher/2256754/ Talking to FE, NSEFI CEO Subrahmanyam Pulipaka said that the regulatory framework and stability in policy, or the way the decision process is
Supreme Court says banks can invoke personal guarantee – The Financial Express
lipped from: https://www.financialexpress.com/industry/insolvency-supreme-court-says-banks-can-invoke-personal-guarantee/2256755/ Legal experts said the judgment now empowers banks to simultaneously proceed against the corporate debtor and the personal guarantors, thereby ensuring that the
India Inc’s profit-to-GDP at 4-year high of 2.6% in FY21 despite pandemic | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-inc-s-profit-to-gdp-at-4-year-high-of-2-6-in-fy21-despite-pandemic-121052100935_1.html ICICI Securities says impact of GDP weakness felt more by unorganised sector Illustration: Ajay Mohanty Despite the havoc created by the covid-19 pandemic,
US Treasury proposes 15% minimum tax on global corporate profits | Business Standard News
Clipped from: https://www.business-standard.com/article/international/us-treasury-proposes-15-minimum-tax-on-global-corporate-profits-121052100098_1.html The US Treasury Department said that it supports a global minimum corporate tax rate of at least 15% below the 21% minimum it
How RBI’s tough new rules impact the audit companies | Business Standard News
lipped from: https://www.business-standard.com/article/companies/explained-how-rbi-s-tough-new-rules-impact-the-audit-companies-121052101501_1.html The central bank’s tough new rules spell major changes in the competitive landscape for financial services audits The “Big Four” —Deloitte, PricewaterhouseCoopers (PwC),
A near-empty CBDT tackles arbitration cases, domestic tax issues | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/a-near-empty-cbdt-tackles-arbitration-cases-domestic-tax-issues-121052200054_1.html Four vacancies in the Central Board of Direct Taxes (CBDT) have not been filled despite the Appointments Committee of Cabinet (ACC) clearing names
Kapil Wadhawan’s 2nd proposal must be tested on merit, put to vote: NCLT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kapil-wadhawan-s-2nd-proposal-must-be-tested-on-merit-put-to-vote-nclt-121052100659_1.html Directs administrator to place proposal before the CoC and inform the outcome within 10 days Former DHFL promoter Kapil Wadhawan The Mumbai bench
How Covid crisis exhausted what Mr Modi had in plenty all these years | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-covid-crisis-exhausted-what-mr-modi-had-in-plenty-all-these-years-121052101209_1.html The three things that derailed the economy in the past – war, drought and oil – were mostly absent during his regime, but
Bad loans: SC allows banks to invoke personal guarantees of defaulters | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bad-loans-sc-allows-banks-to-invoke-personal-guarantees-of-defaulters-121052100449_1.html Apex court says approval of resolution plan does not ipso facto discharge a personal guarantor (of a corporate debtor) of his or her
Fear of unknown grips govt’s privatisation plan with second Covid wave | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/fear-of-unknown-grips-govt-s-privatisation-plan-with-second-covid-wave-121052001130_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Despite the uncertainty and unpredictability on how things will unfold, Centre is hopeful of completing transactions listed in Budget with a delay of
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