Clipped from: https://www.business-standard.com/article/economy-policy/cabinet-secy-led-panel-wants-pli-scheme-revamp-to-boost-manufacturing-121060300030_1.html Suggests institutional mechanism, regular hand-holding for firms A high-level committee headed by Union Cabinet Secretary Rajiv Gauba has suggested a revamp of the
Month: June 2021
Banks, asset managers want RBI to allow sale of fraud loans to ARC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-asset-managers-want-rbi-to-allow-sale-of-fraud-loans-to-arc/articleshow/83176692.cmsSynopsis Stakeholders believe that since there has been negligible recovery in such fraud cases from either the bankruptcy mechanism or the DRT, allowing such
WhatsApp case is about you, the average internet user. So here are a few things you must know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-whatsapp-case-is-about-you-the-average-internet-user-so-here-are-a-few-things-you-must-know/articleshow/83106416.cmsSynopsis For close to 740 million Indian internet subscribers, it is important they understand that neither WhatsApp nor the govt is completely supportive of
IBBI: 79% of ongoing cases unresolved for over 270 days – The Financial Express
Clipped from: https://www.financialexpress.com/industry/ibbi-79-of-ongoing-cases-unresolved-for-over-270-days/2264016/ In January-March quarter, 29 insolvency cases were successfully resolved, with creditors recovering Rs 4,600 crore out of a total claim of Rs 17,389
Expect policy tightening only from September – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/expect-policy-tightening-only-from-september/2263964/ RBI must bat for growth, ensure govt is able to borrow at affordable rate Any change to a neutral stance or any hike
Model tenancy act to strengthen organised rental housing in India – The Financial Express
Clipped from: https://www.financialexpress.com/money/model-tenancy-act-to-strengthen-organised-rental-housing-in-india/2264063/ The development comes at a time when the country faces shortage of proper rental housing facilities, especially for the lower-income groups and migrant
Google challenges new IT rules, says it’s not a social intermediary – The Financial Express
clipped from: https://www.financialexpress.com/industry/google-challenges-new-it-rules-says-its-not-a-social-intermediary/2263933/ Appeals against HC single-judge order asking it to remove morphed pornographic pictures of a woman Salve also argued that Google was not fighting
Monetary policy must remain accommodative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/monetary-policy-must-remain-accommodative/article34710357.ece As the space for fiscal stimulus is limited, monetary policy needs to play a critical role until the growth outlook improves With the
Levying of IGST on Oxygen concentrators imported for personal use or as a gift to resume – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/levying-of-igst-on-oxygen-concentrators-imported-for-personal-use-or-as-a-gift-to-resume/article34707463.ece The Supreme Court stayed the Delhi High Court decision to quash the May 1 notification that prescribes IGST at 12 per cent on
Ministry notifies amendment in GST law for levying interest on net cash liability – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/finance-ministry-notifies-amendment-in-gst-law-for-levying-interest-on-net-cash-liabilty-wef-july-1-2017/article34707667.ece Taxpayers who have already paid interest on gross liability can seek refund The Finance Ministry notified amendment in Central Goods and Services Tax
Why supporting MSMEs during Covid -19 will help socially backward groups? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-supporting-msmes-during-covid-19-will-help-socially-backward-groups/article34701707.ece?homepage=true Govt data show that such groups own almost 66% of MSMEs With State governments imposing restrictions and lockdowns to control the second Covid-19
Short-lived revival – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/short-lived-revival/article34701234.ece?homepage=true Restoration of consumer confidence key to reviving the economy this year There can be no denying that the 1.6 per cent provisional Q4
Fault lines in RBI’s surplus transfer to govt – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fault-lines-in-rbis-surplus-transfer-to-govt/article34701274.ece?homepage=true The higher transfer is an attempt to lower the fiscal deficit, reduce borrowing cost and cushion the weak cash management The RBI’s account
E-way bill generation slows 35% over April – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-slows-35-over-april/article34702234.ece?homepage=true …but some recovery seen during last 15 days, overall mobility also improved The average E-way bill generation in May dropped to nearly 35
Prioritising expenditure | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/prioritising-expenditure-121060101581_1.html Govt must focus on providing relief to the needy at this point The national income data released on Monday showed that the economy
Has RBI legitimised cryptocurrencies? Traders, banks think it has | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/has-rbi-legitimised-cryptocurrencies-traders-banks-think-it-has-121060100124_1.html Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid. RBI clarification is a positive move, say
New margin norms weigh on volumes, brokers estimate 10-15% impact | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/new-margin-norms-weigh-on-volumes-brokers-estimate-10-15-impact-121060101079_1.html Industry players say biggest impact could be on derivative futures volume followed by cash market volumes The norms are being implemented in phases
Kapil Wadhawan moves SC over NCLAT stay against his Rs 91,000-cr DHFL offer | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kapil-wadhawan-moves-sc-over-nclat-stay-against-his-rs-91-000-cr-dhfl-offer-121060100852_1.html NCLAT was scheduled to hear the reply of Wadhawan on June 25, but he moved SC before that On May 25, NCLAT had
‘Watertight rules to prevent promoters’ backdoor entry might prove futile to objective of Pre-Pack scheme’ – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/cafe-sme/watertight-rules-to-prevent-promoters-backdoor-entry-might-prove-futile-to-objective-of-pre-pack-scheme/2261861/ The scheme has been notified with the idea that it is MSMEs’ prerogative to have an alternative debt resolution mechanism considering their unique
How RBI’s Resolution Framework 2.0 can help MSMEs tide over Covid mess; is Udyam registration required? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/how-rbis-resolution-framework-2-0-can-help-msmes-tide-over-covid-mess-is-udyam-registration-required/2263186/ For borrowers who had availed restructuring under Resolution Framework 1.0, RBI Governor Shaktikanta Das had allowed lenders to modify their plans to increase
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