Clipped from: https://www.financialexpress.com/industry/sme/fisme-writes-to-rbis-shaktikanta-das-suggests-funding-cash-losses-suspending-sma-norms-others-for-msmes/2260116/ FISME also suggested sanctioning term loans to firms whose capital expenditure may have got stuck midway, suspending bank loan ratings by external credit
Day: May 28, 2021
‘SC ruling to hold personal guarantor liable in insolvency cases to strengthen MSMEs’ credit discipline’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/sc-ruling-to-hold-personal-guarantor-liable-in-insolvency-cases-to-strengthen-msmes-credit-discipline/2258952/ The judgment will also encourage the promoters to use the pre-pack regime for MSMEs to find resolutions acceptable to the creditors and strengthen
India’s apparel exporters stare at a rough patch amid Covid lockdown – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/apparel-exporters-stare-at-a-rough-patch/articleshow/82985056.cms SynopsisThe next six months will be tough, an exporter said, worried that a long spell of lockdowns could cost them the Christmas business
Spend, government, spend, to trigger growth – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/spend-government-spend-to-trigger-growth/articleshow/83015138.cmsSynopsis Higher spending is needed to contain the toll on the economy due to lockdowns in the second wave of the pandemic. At this
A judicial review would be welcome – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-judicial-review-would-be-welcome/articleshow/83015486.cmsSynopsis There can be no question that no one can be allowed to defy the law, whether delusional administrators put in charge of small
Experts suggest fiscal measures to boost demand amid pandemic – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/experts-suggest-fiscal-measures-to-boost-demand-amid-pandemic/articleshow/83016290.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis This targeting spending is also required for contact-based services that have borne the brunt of the pandemic since last year, economists said even
Key takeaways from newly notified anti-abuse rules for tax valuation of slump sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/key-takeaways-from-newly-notified-anti-abuse-rules-for-tax-valuation-of-slump-sale/articleshow/83001497.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Though seemingly well intentioned, the FMV Rules for slump sale had the potential to create enormous uncertainty for taxpayers if they were based
NCLT directs power distribution firm not to take any coercive action against Sterling Biotech – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/nclt-directs-power-distribution-firm-not-to-take-any-coercive-action-against-sterling-biotech/articleshow/82999075.cmsSynopsis Sterling Biotech’s liquidator had approached the Mumbai bench of the National Company Law Tribunal (NCLT), with a plea to restrain Madhya Gujarat Vij
Jio seeks Reliance Infratel’s forensic audit reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/jio-seeks-rel-infratels-forensic-audit-reports/articleshow/83015527.cmsSynopsis The probe, which looked at transactions between May 2017 and March 2018, found three large entries buried under hundreds of thousands of others
GST Council likely to exempt govt depts, local authorities from e-invoicing | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-council-likely-to-exempt-govt-depts-local-authorities-from-e-invoicing-121052701702_1.html The Council is meeting today to discuss issues such as rates on Covid-related supplies The e-invoicing system, aimed to plug revenue leakages and
WhatsApp’s legal tussle with govt helps Telegram get a signal booster | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/whatsapp-s-legal-tussle-with-govt-helps-telegram-get-a-signal-booster-121052800020_1.html Telegram is now number one in downloads, having pushed WhatsApp to fourth position The government had come out with IT guidelines which were
RBI says economic cost of second Covid-19 wave may be limited to Q1 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/covid-19-crisis-govt-must-step-up-expenditure-to-boost-demand-says-rbi-121052701722_1.html Government must now step up expenditure to boost demand for private investment and consumption, said RBI According to RBI, “the recovery of the
Housing demand to reach pre-Covid levels only after FY23: Crisil – The Financial Express
Clipped from: https://www.financialexpress.com/industry/housing-demand-to-reach-pre-covid-levels-only-after-fy23-crisil/2260284/ “However, absolute demand will catch up with pre-pandemic levels only after fiscal 2023. The demand in the first half of this fiscal (FY22)
Choose security & privacy: Both govt & WhatsApp need to moderate their stances – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/choose-security-privacy-both-govt-whatsapp-need-to-moderate-their-stances/2260337/ Can’t have security trumping privacy and vice versa For its part, the government needs to take a fresh look at the rules and
Not following these 7 points will make Covid-19 claim difficult for you – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/not-following-these-7-points-will-make-covid-19-claim-difficult-for-you/2259894/ Unexpected Covid-19 deaths have devastated families across the country. Not just emotionally, Covid has destroyed families financially as well. Unexpected Covid-19 deaths have
Behind Reserve Bank of India’s bonanza to the Centre – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/behind-reserve-bank-of-indias-bonanza-to-the-centre/2260386/ Even though income fell 10.96%, expenditure decreased by a whopping 63.10% enabling RBI to provide this bonanza Exchange gain/ loss from forex transactions,
IT rules: Social media firms can now be sued by users for offensive content – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/it-rules-social-media-firms-can-now-be-sued-by-users-for-offensive-content/2260307/ Official sources said that the government may not be vindictive and the social media firms can always engage with it, but the laws
How the RBI managed a large surplus transfer to the Centre in a difficult year – NEWS – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article34662955.ece The Covid-19 pandemic dealt a hard blow to the Indian economy in 2020-21 and RBI had a tough job in supporting growth, ensuring
Banks’ asset quality will need close monitoring: RBI Annual Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-asset-quality-will-need-close-monitoring-rbi-annual-report/article34656973.ece Higher provisioning required to lift the interim stay on asset classification standstill by SC: RBI Banks’ asset quality will need to be closely
RBI raises concern over ‘bubble’ in equity market – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/rbi-raises-concern-over-bubble-in-equity-market/article34660101.ece?homepage=true Measures of dividend yield also signal that markets are getting overpriced The RBI’s concern over the relentless increase in stock prices without fundamental
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