Clipped from: https://indianexpress.com/article/cities/mumbai/maharashtra-reaches-out-to-children-orphaned-by-covid-traces-98-so-far-7331895/ These are some of the children district officials in Maharashtra have been able to reach out to after they lost either one or
Day: May 27, 2021
GST Council may correct the inverted duty structure for textiles, footwear industries – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/gst-council-may-correct-the-inverted-duty-structure-for-textiles-footwear-industries/article34652138.ece Leading to higher refunds, affecting govt revenues The GST Council meeting on Friday is expected to take a call on removing the anomaly
Banks ready to transfer 37 NPAs worth ₹92,000 crore to NARCL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-ready-to-transfer-37-npas-worth-92000-crore-to-narcl/article34652041.ece Videocon, Reliance Naval, Essar Power Gujarat and Coastal Energy among others in the assets transfer list Banks have so far zeroed-in on 37
Hit hard by pandemic, retailers, traders seek waiver of property tax and license fee – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/hit-hard-by-pandemic-retailers-traders-seek-waiver-of-property-tax-and-license-fee/articleshow/82976676.cmsSynopsis Since April, nearly two dozen states including Maharashtra, Karnataka, Rajasthan, Chhattisgarh, West Bengal, Madhya Pradesh and Odisha, have restricted timings of shops selling
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis–Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-resolution-key-lenders-assure-homebuyers-of-best-possible-outcome/articleshow/82972879.cms SynopsisAround 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infratech
Surging input prices, rural disruptions caused by high Covid cases twin risks to inflation: Crisil – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/inflation-back-to-haunt-on-higher-input-prices-rural-economy-disruptions-crisil/articleshow/82971913.cmsSynopsis It said the rising spread of Covid-19 infections in the hinterland could lead to disruptions in food production and its transportation to the
What triggered spikes in short-term interest rates? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/what-triggered-spikes-in-short-term-interest-rates/articleshow/82977192.cms Synopsis–“The liquidity surplus has reduced with the CRR (cash reserve ratio) rollback and likely rising government cash balances,” said Anand Bagri, Head –
Credit card spends grow at slow pace as Covid second wave hits sentiment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/credit-card-spends-grow-at-slow-pace-as-covid-second-wave-hits-sentiment/articleshow/82992775.cmsSynopsis Asset quality from the unsecured segment a big worry; banks have curtailed credit limits and also cut back on new customer additions Mumbai:
Banks may target family trusts of loan guarantors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-target-family-trusts-of-loan-guarantors/articleshow/82985824.cms Synopsis-Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their companies, such
New auditing rule book to ensure no repeat of IL&FS, DHFL-like fiascos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/rbis-new-audit-norms-to-ensure-no-repeat-of-ilfs-dhfl-yes-bank/articleshow/82992690.cms Joel Rebello–Editor, The Economic TimesJoel has been a financial journalist for more than 14 years, specializing in banks. He has been with The
Centre working on packages for those who lost sole breadwinner, orphaned children – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/centre-working-on-packages-for-those-who-lost-sole-breadwinner-orphaned-children/articleshow/82985618.cmsSynopsis Discussions have been held with stakeholder ministries to ready the package at the earliest, given the huge financial impact such families are facing.
Vaccination: The $5 trillion question | Business Standard Column
The answer to the question of how to vaccinate a billion Indians is perhaps to be found in basic economics What is the most important
The coming long spell of demand drought | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-coming-long-spell-of-demand-drought-121052601504_1.html Looks like India’s demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal As far as demand for
Time has come for fiscal stimulus to support the economy: Uday Kotak | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/time-has-come-for-fiscal-stimulus-to-support-the-economy-uday-kotak-121052700048_1.html We are working with the government and vaccine manufacturers to increase the vaccine available for Indian business and industries, said Uday Kotak Confederation
GST revenue shortfall: Centre may have to borrow Rs 1.58 trillion | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-revenue-shortfall-centre-may-have-to-borrow-rs-1-58-trillion-121052700040_1.html Shortfall estimated at Rs 2.7 trn; Rs 1.1 trn may be met via cess collection Compensation cess is levied on a few items
Revised offer for Jaypee Infratech is legally compliant, says NBCC | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nbcc-says-its-offer-for-acquiring-jaypee-infratech-legally-compliant-121052601136_1.html At its meeting held on May 24, the Committee of Creditors (CoC) deferred the voting on Suraksha Group’s bid Jaypee Infratech State-owned NBCC,
Right to privacy is not absolute, says govt on WhatsApp’s lawsuit | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-responds-to-whatsapp-s-lawsuit-says-committed-to-upholding-privacy-121052601037_1.html Statement after social media firm moves HC on new rules WhatsApp on Tuesday filed a legal challenge against the Indian government, protesting new
Footwear, readymade garments likely to attract higher rates of GST | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/footwear-readymade-garments-likely-to-attract-higher-rates-of-gst-121052700012_1.html The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments,
Sebi plans to shield small investors from presumably ‘risky’ IPOs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-plans-to-shield-small-investors-from-presumably-risky-ipos-121052700005_1.html Certain initial public offers may only be for institutional investors Banning direct retail participation and mandatory “safety net” are some of the concepts
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