FISME writes to RBI’s Shaktikanta Das; suggests funding cash losses, suspending SMA norms, others for MSMEs – The Financial Express

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

‘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

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

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