Clipped from: https://www.thehindubusinessline.com/money-and-banking/acuit-ratings-and-care-ratings-come-together-to-set-up-association-of-indian-rating-agencies/article34819955.ece AIRA, incorporated as a Section 8 (not-for-profit) company, is expected to work closely with the regulator and the government for development of debt
Day: June 16, 2021
Spike in May retail inflation leads to drop in G-Sec prices – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/spike-in-may-retail-inflation-leads-to-drop-in-g-sec-prices/article34823860.ece Government Securities (G-Sec) prices dropped on Tuesday as the retail inflation reading for May 2021 spiked above the monetary policy committee’s upper tolerance
Voting on bids for Reliance Home Finance extended, Authum Investment and Infrastructure may be frontrunner – The Financial Express
Clipped from: https://www.financialexpress.com/industry/voting-on-bids-for-reliance-home-finance-extended-authum-investment-and-infrastructure-may-be-frontrunner/2271995/ The voting was earlier scheduled to be completed by 5 PM on Tuesday. The other bidders for the company include Capri Global Capital,
Trade recovery: Exports surge 69% in May on improved demand – The Financial Express
Clipped from: https://www.financialexpress.com/economy/trade-recovery-exports-surge-69-in-may-on-improved-demand/2271997/ Having witnessed an impressive rate of expansion last fiscal in the wake of the Covid-19 outbreak, drug and pharmaceutical exports dropped by 5.4%
Govt strikes: Twitter loses intermediary status – The Financial Express
Clipped from: https://www.financialexpress.com/industry/govt-strikes-twitter-loses-intermediary-status/2271947/ Criminal action can be initiated against the company for unlawful content The government sent Twitter a communication on June 5 wherein as a
G7’s Welsh rendezvous | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/g7-s-welsh-rendezvous-121061501562_1.html The group’s relevance was tested again The first in-person summit of the Group of Seven (G7) since the outbreak of the Covid-19 pandemic
Income-tax portal 2.0 likely to allow payments by UPI, credit cards | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/income-tax-portal-2-0-likely-to-allow-payments-by-upi-credit-cards-121061600016_1.html More pvt lenders set to be given authorisation for providing services Currently, taxpayers have the option to make payments through net-banking of large
Truck rentals up 9-14% in first half of June on low base and unlocking | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/truck-rentals-up-9-14-in-first-half-of-june-on-low-base-and-unlocking-121061501328_1.html Analysts attribute it to diesel price hike, caution of a long road to recovery By opening of lockdown the open market truck rentals
Nearly 10,000 mobile retail stores shut in the past year | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/covid-19-crisis-nearly-10-000-mobile-retail-stores-shut-in-the-past-year-121061600054_1.html The north India region, the largest market among all four zones of the country, has seen the worst, according to market analytics platform
Right to protest fundamental, can’t call it terrorist act: Delhi HC | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/right-to-protest-fundamental-can-t-call-it-terrorist-act-delhi-hc-121061501594_1.html Grants bail to JNU student in anti-CAA protests case The right to protest peacefully without arms is a fundamental right under Article 19(1)(b)
Is universal basic income scheme a recipe for disaster? Swaminathan Aiyar decodes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/is-universal-basic-income-scheme-a-recipe-for-disaster-swaminathan-aiyar-decodes/articleshow/83554204.cmsSynopsis UBI is impractical — and, in my view, immoral. But cash grants have become part of India’s subsidy politics and are here to
Time to end personal guarantees for loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/time-to-end-personal-guarantees-for-loans/articleshow/83551524.cmsSynopsis The reason why personal guarantees seem so normal in India is the way businessmen have, in the past, padded project costs, got overly
Who’s afraid of transient inflation? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/whos-afraid-of-transient-inflation/articleshow/83551532.cmsSynopsis Inflation is being fuelled by hardening crude prices, magnified in retail prices of petro-fuels by cascading fuel taxes, besides supply bottlenecks arising from
India Inc faces delay in its M&A, restructuring proposals, as NCLT grapples with Covid-19 related restrictions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/india-inc-faces-delay-in-its-ma-restructuring-proposals-as-nclt-grapples-with-covid-19-related-restrictions/articleshow/83552084.cmsSynopsis The short-staffed adjudicating authority is currently hearing only emergency matters due to Covid-19 related restrictions. These matters include cases related to time-bound Insolvency
Rhetoric and reality – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rhetoric-and-reality/article34823623.ece G-7’s moves to counter China geo-politically are not backed by ground realities The recently concluded G-7 meet (comprising US, Canada, Britain, Germany, Italy,
Social media regulation must ensure fair-play – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/social-media-regulation-must-ensure-fair-play/article34823848.ece The govt should regulate social media platforms, but not to the extent that it is difficult for them to do business in India
Freezing of 3 FPI ACs not related to Adani Group, clarifies NSDL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/freezing-of-3-fpi-acs-not-related-to-adani-group-clarifies-nsdl/article34824383.ece The National Share Depository Ltd (NSDL) on Tuesday clarified that the freezing of the accounts of the three foreign funds — Albula Investment
Why the volatility in dollar-rupee forward premiums – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-the-volatility-in-dollar-rupee-forward-premiums/article34824435.ece The change in forward premiums is caused by the movement of interest rates in the two currencies. In India, the forward premium market
Rising inflation risk | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rising-inflation-risk-121061501553_1.html Ignoring it for long could increase longer-term costs The latest inflation data has put the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) in a spot.
Dangers of a wrong diagnosis | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/dangers-of-a-wrong-diagnosis-121061501572_1.html Indirect taxes are now higher than direct taxes. But cutting indirect tax rates to address this will amount to barking up the wrong
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