Clipped from: https://economictimes.indiatimes.com/wealth/invest/a-single-account-holder-can-withdraw-a-joint-bank-fd-prematurely-heres-how-it-works-and-should-you-go-for-it/articleshow/84967768.cmsSynopsis There could be a situation in the current pandemic where one of the holders is hospitalised and the other needs to draw the
Day: August 6, 2021
A collapse of Voda Idea will hurt IDFC First Bank, YES Bank most – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/a-collapse-of-voda-idea-will-hurt-idfc-first-bank-yes-bank-most/articleshow/85065328.cmsSynopsis Vodafone Idea is unlikely to be able to service its gross debt of over Rs 1.8 lakh crore. The telecom operator owes at
VI: Saving Vi will be a tightrope walk for lenders. But they may not go out of their way to rescue it. – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/media-and-communications/saving-vi-will-be-a-tightrope-walk-for-lenders-but-they-may-not-go-out-of-their-way-to-rescue-it-/primearticleshow/85081166.cms SynopsisVi has a mammoth debt of INR1.8 trillion. And this has been haunting its parent companies. Its sustainability is also under question. To
Judge-population ratio stood at 21.03 judges per million people in 2020: Law minister – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/judge-population-ratio-stood-at-21-03-judges-per-million-people-in-2020-law-minister/articleshow/85072861.cmsSynopsis “Using the above criterion, the judge-population ratio works out to be 21.03 judges per million population for the year 2020,” the minister noted.
Inflation: What’s causing structurally high inflation in India? ANZ Bank’s Sanjay Mathur explains – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/whats-causing-structurally-high-inflation-in-india-anz-banks-sanjay-mathur-explains/articleshow/85060019.cmsSynopsis “The May CPI reading of 6.30% year-on-year was quite telling. Whichever way you dissect it — look at core or the super-core, there
A bold move to bury the retro tax ghost – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-view/et-view-a-bold-move-to-bury-the-retro-tax-ghost/articleshow/85073317.cmsSynopsis The Bill, introduced in the Lok Sabha, nullifies the tax demand on the indirect transfer of Indian assets on transactions prior to 28
Ready-to-cook powder mixes to attract 18% GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ready-to-cook-powder-mixes-to-attract-18-gst/article35753711.ece AAR-TN has drawn a distinction between dry branded mixes and wet batter Branded mixes for dosa, idli, tiffin, health and porridge will attract
E-way generation to be blocked from August 15 for return non-filers: GSTN – The Financial Express
Clipped from: https://www.financialexpress.com/economy/e-way-generation-to-be-blocked-from-august-15-for-return-non-filers-gstn/2305013/ The move, experts said, would help increase Goods and Services Tax collections in August as pending GST returns are expected to be filed.
The haircut that never was: Need to factor in whether a loan account had become an NPA while assessing haircut from its resolution under IBC – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-haircut-that-never-was-need-to-factor-in-whether-a-loan-account-had-become-an-npa-while-assessing-haircut-from-its-resolution-under-ibc/2305310/ A delay in initiating the insolvency process also means that creditors, because of their unhappy experience, are more inclined to take back their
Retrospective tax goes, not soon enough – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/retrospective-tax-goes-not-soon-enough/2305304/ Odd that the govt took this long to see sense on the matter, but this is the first step towards a less-litigious tax
Defer income-tax filing if you have to pay a penalty, say analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/defer-income-tax-filing-if-you-have-to-pay-a-penalty-say-analysts-121080600013_1.html Do so once the glitches on the new tax portal have been ironed out Timely filing of returns carries several benefits Owing to
Avoid arbitrary regulation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/avoid-arbitrary-regulation-121080501757_1.html RBI’s micro-management of corporate lending must end The Reserve Bank (RBI) of India has mismanaged its attempt to control and reduce the number
Good sense, finally | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/good-sense-finally-121080501755_1.html Govt wasted nine years in trying to defend the indefensible retro tax The government has introduced the Taxation Laws (Amendment) Bill, 2021, which seeks to
Subdued revenue spend may hit economic recovery, say economists | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/subdued-revenue-spend-may-hit-economic-recovery-say-economists-121080600029_1.html Experts say reduction in revenue expenditure may not result in capex rise Illustration: Binay Sinha The Centre’s capital expenditure saw a robust double-digit growth in
Lenders to debt-laden Vodafone Idea look at swapping debt for equity | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/lenders-to-debt-laden-vodafone-idea-look-at-swapping-debt-for-equity-121080600052_1.html Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment Shares of Vodafone Idea
Move to do away with infamous retro tax will boost investment sentiments | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/move-to-do-away-with-infamous-retro-tax-will-boost-investment-sentiments-121080501695_1.html The Bill now introduced in the Parliament proposes to provide that no tax demand shall be raised on indirect transfers effected prior to
Retro tax must be resolved via Indian law, not arbitral award: Somanathan | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/retro-tax-must-be-resolved-via-indian-law-not-arbitral-award-somanathan-121080600035_1.html Somanathan says that the government doesn’t support retrospective taxation since it creates sudden and fresh liability and is not in line with the
Govt buries retro taxes; brings bill in LS to withdraw tax demand on Cairn, Vodafone – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/govt-buries-retro-taxes-brings-bill-in-ls-to-withdraw-tax-demand-on-cairn-vodafone/article35748351.ece?homepage=true – The Government will refund the money collected earlier without any interest In a bid to bury the ghost of retrospective taxation, the
RBI may deploy LTRR to mop-up excess liquidity with banks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-deploy-ltrr-to-mop-up-excess-liquidity-with-banks/article35745765.ece?homepage=true However, banks are wary of locking-up liquidity for longer tenors The Reserve Bank of India (RBI) is understood to have broached the possibility
‘Disbursements set to grow, while NPAs will decline’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/disbursements-set-to-grow-while-npas-will-decline/article35740624.ece?homepage=true Mahindra Finance sees continued demand pick-up in July Mahindra and Mahindra Financial Services has seen an improvement in rural sentiment as the second
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