Clipped from: https://www.financialexpress.com/industry/banking-finance/national-asset-reconstruction-company-to-be-operational-next-month-iba-ceo/2248707/ National Asset Reconstruction Company Ltd (NARCL), the name coined for the bad bank announced in the Budget 2021-22, is expected to be operational
Month: May 2021
Fintechs pick up MDR tab, enjoy merchant’s float – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/fintechs-pick-up-mdr-tab-enjoy-merchants-float/2248754/ Industry sources said BharatPe and Paytm are among the companies offering this form of settlement. Emails sent to the two companies did not
rt pcr report: Some Indians, including well-off ones, forging negative RT-PCR reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/some-indians-including-well-off-ones-forging-negative-rt-pcr-reports/articleshow/82490609.cmsSynopsis Forgery of an RT-PCR test is punishable under IPC and under disaster management acts. Lawyers say IPC sections can include 419 (punishment for
COVID-19: GST on vaccines in interest of manufacturers and citizens, says FM Sitharaman–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/covid-19-gst-on-vaccine-in-interest-of-manufacturers-and-citizens-says-fm-sitharaman/story/438643.html Sitharaman said exemption from GST for domestic supplies and commercial import of vaccines, COVID drugs and oxygen concentrators will increase the price of
Nursing from Home, is the future – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/specials/pulse/nursing-from-home-is-the-future/article34506253.ece?homepage=true India’ health care sector is battling a major crisis. By now, hundreds of millions of people have learned to live through lockdowns, quarantines,
Arbitration in India not only needs to be institutionalised, but also should be assuring and affordable – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-arbitration-in-india-not-only-needs-to-be-institutionalised-but-also-should-be-assuring-and-affordable/articleshow/82505262.cmsSynopsis The Supreme Court took note of this malaise in the 2009 ‘Union of India vs Singh Builders Syndicate’ case by observing that ‘…the
Robust regulatory framework needed to deal with ‘open banking’ challenges: Experts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/robust-regulatory-framework-needed-to-deal-with-open-banking-challenges-experts/articleshow/82496462.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Sivarama Krishnan, Partner & Leader, Cybersecurity, PwC India, pitched for a three-level governance model to deal with the security issues concerning open banking,
Mr.Tamal Bandopadhyay—in Business Today—03.05.2021
Clipped from: https://sway.office.com/yGULU1EIkDT9gjhe?authoringPlay=true&publish 1. As on March 26, the outstanding bank loan to micro and small enterprises in the manufacturing sector is Rs 3.84 trillion. 2.
How to dodge QR code scamsters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-dodge-qr-code-scamsters/article34516959.ece Victims are trapped due to lack of QR code know-how, social engineering tactics of fraudsters In the backdrop of the pandemic, online/digital payments
Why you should to be wary of credit card mis-selling – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-you-should-be-wary-of-credit-card-mis-selling/article34517970.ece Over 28,000 complaints were received with respect to credit card mis-selling in FY20 Following the financial turmoil from the pandemic, customer interest for
Finmin turns down India Inc’s plea for IGST exemption on imported Covid relief material – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/finmin-turns-down-india-incs-plea-for-igst-exemption-on-imported-covid-relief-material/article34512646.ece Only State Government’s authorised entity will get exemption and distribute freely Finance Ministry has turned down India Inc’s plea for IGST (Integrated Goods
RBI extends safety net; response proactive, loaded and well timed | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-extends-safety-net-response-proactive-loaded-and-well-timed-121050500565_1.html RBI meant strict business, with a focus on alleviating financing constraints for economic stakeholders at the grass root level bearing a disproportionate burden
What angel investors want when investing in start-ups – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/what-angel-investors-want-when-investing-in-start-ups/article34509123.ece Only a small percentage of start-ups are successful in raising funding from angels Not all start-ups need external capital, but most do. And
RBI to Banks–:Lend to healthcare space within 30 days of availing funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-banks-lend-to-healthcare-space-within-30-days-of-availing-funds/article34505796.ece The scheme will remain operational from May 7 this year till March 31, 2022 The Reserve Bank of India (RBI) on Friday said
Flipkart introduces a slew of initiatives to support sellers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flipkart-introduces-a-slew-of-initiatives-to-support-sellers/article34509028.ece Provides them financial, health and safety benefits E-commerce major Flipkart has extended various initiatives to lakhs of MSMEs, small scale sellers, artisans, weavers
Slashing of steel export rebate by China augurs well for India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/commodities/slashing-of-steel-export-rebate-by-china-augurs-well-for-india/article34508853.ece Provides enough room for companies to raise prices as global rates pick up China’s withdrawal of export rebates of 13 per cent on
Corporates join hands to empower 1 million small merchants with financial, digital capabilities – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/snapbizz-samhita-cgfs-revive-alliance-and-nielson-to-empower-1-million-small-merchants-with-financial-digital-capabilities/article34510406.ece Pilot rollout to 50,000 merchants SnapBizz, a Ratan Tata backed retail digitization start-up, Samhita-CGF’s REVIVE Alliance, a blended finance facility restoring Covid-19-affected livelihoods
PLI scheme, basic customs duty: Only flickering benefits for solar power | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/will-pli-and-bcd-be-able-to-save-the-indian-solar-manufacturing-industry-121042800551_1.html A production-linked incentive scheme and possible basic customs duty will have a limited impact in encouraging domestic solar equipment manufacture In 2015, the
How India is leading by example with its faceless E-assessment system for income tax – The Financial Express
Clipped from: https://www.financialexpress.com/economy/how-india-is-leading-by-example-with-its-faceless-e-assessment-system-for-income-tax/2247824/ The most important aspect of new procedure is coverage of ‘Best judgement assessment’ in faceless Assessment Scheme. Over the last few years, the
How to make claim request if an insured person dies in hospital – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/health-insurance-how-to-make-claim-request-if-an-insured-person-dies-in-hospital/2247947/ An insurance claim becomes admissible if an insured person remains hospitalised for more than 24 hours after getting admitted or dies in hospital
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