Clipped from: https://www.thehindu.com/business/Industry/after-air-india-cairn-to-target-more-state-cos-to-recover-money-due-from-govt/article34998594.ece Last month, Cairn brought a lawsuit in the U.S. District Court. After Air India, Britain’s Cairn Energy PLC plans to target assets of
Month: June 2021
Govt defers mandatory installation of front seat airbags in existing car models till December 31 – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/govt-defers-mandatory-installation-of-front-seat-airbags-in-existing-car-models-till-december-31/article35001403.ece At present, only the driver’s seat airbag is mandatory for existing models of cars The road transport ministry has deferred by four months
IBBI ‘inadvertently’ puts out Aadhaar, PAN info of creditors on website; removes them later – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/ibbi-inadvertently-puts-out-aadhaar-pan-info-of-creditors-on-website-removes-them-later/article35001568.ece It could not be immediately ascertained as to such details of how many creditors were put out The Insolvency and Bankruptcy Board of
Why keeping your money in the bank is making you poorer every year | Deccan Herald
Clipped from: https://www.deccanherald.com/business/family-finance/why-keeping-your-money-in-the-bank-is-making-you-poorer-every-year-999590.html Unfortunately, India tends to have one of the highest inflation rates in the world Pratik Oswal. A salary hitting the bank account every
IMF has rescue plan for poor nations, but rich ones stand to gain | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/imf-has-rescue-plan-for-poor-nations-but-rich-ones-stand-to-gain-1001174.html For poor countries, the most immediate need is for Covid vaccines By Peter S Goodman and Alan Rappeport, In a global economy defined by
Covid effect: A four-point plan likely for bankruptcy professionals – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/covid-effect-a-four-point-plan-likely-for-bankruptcy-professionals/articleshow/83892982.cmsSynopsis Two people familiar with the matter told ET that the Indian Institute of Insolvency Professionals of ICAI (IIIPI) is making the recommendations, including
“Bias it is”: CMIE chief’s defence of CPHS survey elicits fresh critical response from Jean Drèze, Anmol Somanchi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/bias-it-is-cmie-chiefs-defence-of-cphs-survey-elicits-fresh-critical-response-from-jean-drze-anmol-somanchi/articleshow/83889707.cmsSynopsis “The representativeness of CPHS data cannot be assumed from the survey methodology. It must be scrutinised through comparisons with other credible sources,” the
Supply eased, now revive demand to spur growth: Govt must step in, RBI may not offer more sops – The Financial Express
Clipped from: https://www.financialexpress.com/economy/supply-eased-now-revive-demand-to-spur-growth-govt-must-step-in-rbi-may-not-offer-more-sops/2277324/ In an economy recovering from the first wave of coronavirus pandemic, supply-side snags eased during the January-March quarter while demand was still fragile.
Central banks continue to term inflation as transitory, but its threat to recovery could be real – The Financial Express
Clipped from: https://www.financialexpress.com/economy/central-banks-continue-to-term-inflation-as-transitory-but-its-threat-to-recovery-could-be-real/2278425/ Deep dive into major components of inflation- food, fuel and core- each reveal idiosyncratic factors that will potentially be longer lived. The word
UCBs are now RBI’s baby — just like Yes Bank and LVB are – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-ucbs-are-now-rbis-baby-just-like-yes-bank-and-lvb-are/articleshow/83899908.cmsSynopsis The troubles with Yes Bank were as much a reflection of questionable loans as it was of regulatory lapses. Letting a large, new-age
China is now second largest export partner of India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/china-is-now-second-largest-export-partner-of-india/articleshow/83865248.cmsSynopsis The US remained the country’s top export partner, according to government data, but shipments declined 2.78% to $51.63 billion in a year when
Proposed amendments to consumer protection rules will harm consumer interest, hurt the growth e-commerce sector – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/policy-trends/proposed-amendments-to-consumer-protection-rules-will-harm-consumer-interest-hurt-the-growth-e-commerce-sector/articleshow/83865642.cmsSynopsis E-commerce, in recent years, has already significantly empowered both consumers and small businesses in the country. Millions of first-generation entrepreneurs and SMEs in
You can’t just wish away the inflationary impact of reserve money expansion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-you-cant-just-wish-away-the-inflationary-impact-of-reserve-money-expansion/articleshow/83898505.cmsSynopsis For growth to pick up, the first condition is to lift the lockdown(s) as early as possible. Without it, even increased government expenditures
Why you should opt for a super top-up health policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-you-should-opt-for-a-super-top-up-health-policy/article34988785.ece Deductibles make it cheaper than regular health plans, but watch out for strings attached During a medical emergency, additional sum insured (SI) or
Why FD investors get the short end of the stick under waterfall mechanism – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-fd-investors-get-the-short-end-of-the-stick-under-waterfall-mechanism/article34993687.ece Fixed deposits in a company/NBFC are unsecured borrowings Shivram, an FD investor in Dewan Housing Finance Limited (DHFL) talks to his chartered accountant
All you wanted to know about capital gains account scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/all-you-wanted-to-know-about-capital-gains-account-scheme/article34992880.ece The Income Tax (IT) Act provides certain exemptions on capital gains, arising from sale of land, building, or any other long-term capital asset,
Tax Query: How much money can father send to son working abroad? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-much-money-can-father-send-to-son-working-abroad/article34994238.ece I am working with The Ramco Cements Limited. I am also an employee of a firm and I pay/ file my annual tax
Surcharges threaten to rock exporters’ boat – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/now-traders-will-end-up-paying-more-to-export-goods-to-global-destinations/article34977754.ece Shipping lines to levy up to $1,500/TEU At a time when exports appear to be the only saving grace for the Indian economy,
Not knowing geography landing many companies in tax trouble – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/not-knowing-geography-landing-cos-in-tax-trouble/articleshow/83876255.cmsSynopsis Many companies in the last few months have ended up filing goods and services tax (GST) in the wrong state mainly because their
Jet Airways shares: Jury is still out on whether bankrupt companies be allowed to trade on bourses – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/jury-is-still-out-on-whether-bankrupt-companies-be-allowed-to-trade-on-bourses/articleshow/83875278.cmsSynopsis Retail shareholders are often at the losing end of bankruptcy resolutions at companies. Among other recent examples, hundreds of thousands of retail shareholders
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