Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-amends-rules-pertaining-to-indian-accounting-standards/articleshow/83668617.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Under the revised rules, entities are required to make additional disclosures related to interest rate benchmark reform. The government has amended rules pertaining
Month: June 2021
It’s a bank, PMC will be part of, it’s not takeover, says Centrum’s Jaspal Bindra – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/its-a-bank-pmc-will-be-part-of-its-not-takeover-says-centrums-jaspal-bindra/articleshow/83657489.cmsSynopsis The RBI has granted Centrum 120 days to convert itself into a bank with fintech player BharatPe as an investor who will merge
Supply of food to pre-schools, anganwadis, mid-day meals exempt from GST – The Financial Express
Clipped from: https://www.financialexpress.com/economy/supply-of-food-to-pre-schools-anganwadis-mid-day-meals-exempt-from-gst/2274054/ EY Tax Partner Abhishek Jain said the clarification by the government that the GST exemption on catering services provided to educational institutions will
Pandemic Impact: Decoding GDP FY21 – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pandemic-impact-decoding-gdp-fy21/2274325/ The Indian economy recovered well from the down quarters in fiscal 2020-21, needs a fiscal stimulus to rebound faster in 2021-22 A close
Samsung won’t seek PLIs for equipment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/samsung-wont-seek-plis-for-equipment/articleshow/83649444.cmsSynopsis Samsung India officials conveyed the decision to the telecommunications department (DoT) in a videoconferencing meeting on Wednesday. Samsung has decided not to participate in India’s
Reading down UAPA may have pan-India ramifications: Supreme Court | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/reading-down-uapa-may-have-pan-india-ramifications-supreme-court-121061900020_1.html Refuses to stay HC order granting bail to three students in Delhi riots case While refusing to stay the high court verdicts granting
MPC chose loose policy to nurse growth, felt inflation wasn’t demand-driven | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/mpc-chose-loose-policy-to-nurse-growth-felt-inflation-wasn-t-demand-driven-121061801504_1.html Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to
Car, phonemakers may have to wait longer for chips, thanks to bitcoin | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/car-phonemakers-may-have-to-wait-longer-for-chips-thanks-to-bitcoin-121061801748_1.html The shortage is creating havoc for mobile device manufacturers who are getting less than 30-40 per cent of the normal requirement of chips
Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma’s promoter tag | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paytm-to-raise-rs-12-000-cr-via-fresh-equity-remove-sharma-s-promoter-tag-121061800780_1.htmlThe company in its extra-ordinary general meeting also stated that the IPO will include a fresh issue of equity shares and an offer for
Cyber fraud helpline brings banks and police together: Here’s how it works | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/cyber-fraud-helpline-brings-banks-and-police-together-here-s-how-it-works-121061801778_1.html The helpline and its reporting platform have been made operational by the Indian Cyber Crime Coordination Centre (14C) with support from the RBI,
Adani group’s market cap plunges ₹1.6 lakh cr – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/adani-groups-market-cap-plunges-16-lakh-cr/article34852890.ece Analysts see the current rout as a temporary slide A week of turbulence eroded ₹1.6 lakh crore in market value for the six
Are our forex reserves adequate? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/are-our-forex-reserves-adequate/article34851832.ece Going by conventional ratios, they are. There is no reason why the RBI should get defensive about the growing pile The growing foreign
IBBI crowdsources ideas for regulatory tweaks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibbi-crowdsources-ideas-for-regulatory-tweaks/article34852362.ece The public can now help modify the regulations already put in place by the insolvency regulator Insolvency and Bankruptcy Code of India (IBBI)
No GST on examination fee charged by Central/States/NBE, says CBIC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/education/no-gst-on-examination-fee-cbic/article34849282.ece Mid-day meal scheme exempt from GST, clarity given for road sector Central Board of Indirect Taxes & Custom (CBIC) has said that examination
Karnataka HC begins hearing appeals by Amazon, Flipkart on CCI investigation – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/karnataka-hc-begins-hearing-appeals-by-amazon-flipkart-on-cci-investigation/article34852462.ece A fresh round of legal battle begins A fresh round of legal battle began between the e-commerce majors Flipkart, Amazon and the Competition
Insurers ‘silent’ on ‘no cover’ for new therapies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/covid19-treatment-health-insurers-wary-of-covering-costs-of-new-therapies/article34852247.ece Some of the Covid therapies are expensive costing patients anything between ₹60,000 and ₹5 lakh New therapies for the treatment of Covid-19 may
Ray of hope for PMC depositors as Centrum roped in for revival | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/ray-of-hope-for-pmc-depositors-as-centrum-roped-in-for-revival-121061801528_1.html However, restrictions to continue for a while till Centrum gets the final approval PMC Bank sources said it will take another three months
RBI has given us 120 days to operationalise SFB: Centrum’s Jaspal Bindra | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/we-have-been-given-120-days-time-by-rbi-to-operationalize-the-bank-121061801711_1.html In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to
30 years after 1991: What we achieved as an economy, and what was possible | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/30-years-after-1991-what-we-achieved-as-an-economy-and-what-was-possible-121061801121_1.html India’s record has been good, relative to how other countries have done and compared also to its own previous three decades, but well
Most big mall developers may waive rent for recent Covid-19 lockdown | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/most-big-mall-developers-may-waive-rent-for-recent-covid-19-lockdown-121061900027_1.html DLF, the country’s largest listed developer, has also taken a similar stand. DLF, which runs six malls and other retail properties, gave a
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