Clipped from: https://www.business-standard.com/article/international/joe-biden-s-6-trillion-budget-social-spending-taxes-on-business-121052801800_1.html Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year
Month: May 2021
Banks to sell Mallya’s UBL shares worth Rs 5,500 cr after PMLA court nod | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/banks-to-sell-mallya-shares-worth-rs-5-500-cr-after-pmla-court-nod-121052801354_1.html SBI in talks with SBI Caps to sell shares via block deals A source said banks would be able to sell shares to
Booster dose – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-centre-will-need-to-step-in-with-measures-to-support-demand-and-revive-private-investment/article34669822.ece The Centre will need to step in with measures to support demand and revive private investment The Centre would do well to pay
KCCI seeks solutions to tackle Covid-induced problems of MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/kcci-seeks-solutions-to-tackle-covid-induced-problems-of-msmes/article34665139.ece Demands measures including relaxation of NPA norms for loans availed, waiver of fixed charges of Escoms With the second wave of Covid pandemic
Tyre industry welcomes new norms, pleads feasible timelines for compliance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/tyre-industry-welcomes-new-norms-pleads-feasible-timelines-for-compliance/article34665045.ece ‘New norms will help in improving road safety and making vehicles more fuel-efficient’ The tyre industry has welcomed draft norms involving new requirements
Technical member imbroglio: SEBI should stand its ground against SAT order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/technical-member-imbroglio-sebi-should-stand-its-ground-against-sat-order/article34670182.ece Expediting key appointments good for all stakeholders Recently, the Securities Appellate Tribunal (SAT), which hears appeals against SEBI’s regulatory orders, made an important
Cab drivers seek moratorium on vehicle loans, support – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/national/cab-drivers-seek-moratorium-on-vehicle-loans-support/article34671113.ece “Banks and the finance cos are seizing vehicles even as the drivers are struggling to earn enough to survive” KV Kurmanath With the pandemic
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
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)
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