Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645981.ece Deadline ended on Tuesday but no govt action, yet Internet tech giants including Facebook, WhatsApp, and Twitter could be in trouble as they
Day: May 26, 2021
Tough audit rules | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/tough-audit-rules-121052501692_1.html RBI must consider the concerns of financial services players About a month ago, the Reserve Bank of India (RBI) issued a circular that substantially altered
Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/reserve-bank-of-india-digs-in-heels-on-auditor-appointments-at-banks-nbfcs-121052600035_1.html The para banks, however, were allowed to do the change from the second half of the fiscal year. The RBI has argued that
Needed, better home loan insurance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/needed-better-home-loan-insurance/articleshow/82952949.cmsSynopsis The solution is to have better designed products. Most home loan protection schemes come with a one-time premium. Advancing the premium as part
Hiccups in renewal of staff term life covers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/insure/hiccups-in-renewal-of-staff-term-life-covers/articleshow/82959247.cms SynopsisMax Life, PNB MetLife, ICICI Prudential Life, HDFC Life, Kotak Life and Tata AIA are among the firms that are reportedly enforcing stricter
Second Covid-19 wave may leave a bigger dent on GDP: Reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/2nd-wave-may-leave-a-bigger-dent-on-gdp/articleshow/82959246.cmsSynopsis Slow vaccinations and the uneven easing of curbs by states will likely weigh on recovery. “Even as India’s second Covid-19 wave starts to
Power industry seeks relaxation of fly ash disposal norms – The Financial Express
Clipped from: https://www.financialexpress.com/industry/power-industry-seeks-relaxation-of-fly-ash-disposal-norms/2259003/ Over 25% of fly ash produced from power plants is used by the cement industry. Bricks and tile makers consume about 10% and
Growth pangs: Govt weighs fresh stimuli, relief package to soften Covid-19 blow – The Financial Express
Clipped from: https://www.financialexpress.com/economy/growth-pangs-govt-weighs-fresh-stimuli-relief-to-soften-covid-19-blow/2258903/ Package could be ‘smaller compared to last year’s yet meaningful’; tourism, hospitality, aviation among focus sectors The RBI had in April (before the
Your Queries (Income Tax): Tax exemption on gain on plot sale if reinvested in new house within 2 years – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-4/2258877/ If by the time of filing of ITR for the relevant assessment year, the net consideration/ part of it cannot be appropriated towards
Pandemic Lows: Formalisation of jobs takes a big hit – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pandemic-lows-formalisation-of-jobs-takes-a-big-hit/2258901/In the case of ESIC also, the net addition to the subscriber base is much lower than what the number of new subscribers indicates
IREDA invites bids for solar PLI scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ireda-invites-bids-for-solar-pli-scheme/article34642062.ece The offer-for-bids will close on June 30 Indian Renewable Energy Development Agency on Tuesday invited bids for setting up solar manufacturing units under
Now, Jaypee Infratech ex-promoter offers to settle lenders’ dues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/now-jaypee-infratech-ex-promoter-offers-to-settle-lenders-dues/article34644104.ece The firm is undergoing a debt resolution process under IBC rules With the NCLT asking lenders of DHFL to consider a settlement offer
‘Domestication’ of the Chinese economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/domestication-of-the-chinese-economy/article34644030.ece ‘Dual circulation’ marks China’s transition from an export-led economy to a domestically driven, services-led one At a time when the world economy is
WhatsApp’s privacy policy changes violate consumer rights – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/whatsapps-changes-to-its-privacy-policy-are-violative-of-user-privacy-and-consumer-rights/article34636033.ece The government’s response to such indiscretions by tech giants has been inadequate Now that WhatsApp has clearly indicated in its response to the
Do not to ignore the probable cost of lower inflation: RBI study – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/do-not-to-ignore-the-probable-cost-of-lower-inflation-rbi-study/article34635746.ece The Study estimated the trade-off between long run inflation and steady State growth (SSG) rate, whereby the long-term growth would fall by 40
Increase in default risk leads to rise in interest rate spread, decline in credit growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/increase-in-default-risk-leads-to-rise-in-interest-rate-spread-decline-in-credit-growth/article34636079.ece A positive shock to risk premium increases interest rate spread by 30 basis points An increase in default risk, captured by gross non-performing
RBI should appoint statutory auditors for public sector banks: ICAI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/let-rbi-appoint-public-sector-banks-statutory-auditors-icai/article34643650.ece ‘Change along the lines of CAG appointing auditors for public sector entities’ The CA Institute has suggested that appointment of statutory central auditors
I-T Department prescribes hybrid formula to determine FMV of capital assets in slump sale – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34646028.ece Budget 2021 amended the tax law on fair market value The Income Tax Department has notified rules for computation of fair market value
Appellate Tribunal sets aside NCLT order on DHFL – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645979.ece With the National Company Law Appellate Tribunal (NCLAT) setting aside an order of the National Company Law Tribunal (NCLT) directing the lenders of
Up for sale: At least 1,200 Covid-hit small businesses looking for exit route – Today’s Paper – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/article34645983.ece More than 50 per cent of the stressed businesses listed on its website are from thetravel industry More than 50 per cent of
aniltikotekar4sme.com 