Clipped from: https://www.financialexpress.com/industry/ibbi-hints-at-pre-pack-scheme-for-large-firms/2302882/ Already, IPs have, in many cases, unearthed avoidance transactions and filed applications with the National Company Law Tribunal (NCLT) for appropriate directions, he
Month: August 2021
IBC strayed from original goals: Panel – The Financial Express
Clipped from: https://www.financialexpress.com/economy/ibc-strayed-from-original-goals-panel/2303646/ As many as 13,170 insolvency cases involving claims of Rs 9 lakh crore are awaiting resolution before the National Company Law Tribunal (NCLT),
Unclaimed investor money – Where it ends up and how to get it back – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-unclaimed-investor-money-where-it-ends-up-and-how-to-get-it-back/2303554/ As per the data available in the public domain, more than Rs 82,000 crore of investors’ wealth is lying unclaimed in neglected and
No error of judgement in PNB Housing Finance deal: PNB MD – The Financial Express
Clipped from: https://www.financialexpress.com/industry/no-error-of-judgement-in-pnb-housing-finance-deal-pnb-md/2303557/ While speaking at a conference on the bank’s June quarter earnings, Rao said PNB is awaiting a decision from the Securities Appellate Tribunal
IBC sharply reduced haircuts for lenders, says IBBI chief Sahoo – The Financial Express
Clipped from: https://www.financialexpress.com/economy/ibc-sharply-reduced-haircuts-for-lenders-says-ibbi-chief-sahoo/2303648/ “It is axiomatic that a company coming to the IBC does not have adequate assets to repay all its creditors. On an average,
Changes to insolvency law approved by Rajya Sabha – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/changes-to-insolvency-law-approved-by-rajya-sabha/articleshow/85015887.cmsSynopsis Rajya Sabha gave its nod to the bill, cleared by Lok Sabha on July 28, which will replace the ordinance promulgated in April
eway bill: E-way bills clock 64.1 million in July – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/e-way-bills-clock-64-1-million-in-july/articleshow/85003192.cmsSynopsis E-way bills are needed for transportation of goods of more than Rs 50,000 in value. With states easing restrictions and removing lockdowns amid
For swift remedial action on telecom – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/for-swift-remedial-action-on-telecom/articleshow/85016111.cmsSynopsis Make it clear government wants three players Dither will debilitate India’s telecom sector. The government needs to make it clear whether it wants three
HDB Financial IPO: HDB Financial: how Aditya Puri’s dream IPO is now HDFC Bank’s headache – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/how-aditya-puris-hdb-financial-services-ipo-dream-has-now-become-a-headache-for-hdfc-bank/primearticleshow/84984737.cms SynopsisFrom aiming for an INR80,000 crore IPO to now engaging with investors for stakes, things have changed rapidly for HDB Financial Services. At
global trade: India wants to expand its share in global trade, but its exports basket is outdated – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/india-wants-to-expand-its-share-in-global-trade-but-its-exports-basket-is-outdated/articleshow/84994545.cms SynopsisFor a country that has a contribution of less than 5% in global trade, India’s dreams of achieving a $1-trillion exports target by
Green Card: New lawsuit challenges slow green card adjudication process – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/new-lawsuit-challenges-slow-green-card-adjudication-process/articleshow/85001797.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The petitioners had filed applications for permanent residency during or before December 2020, along with their dependent family members (spouses and minor unmarried
GST officers detect Rs 7,421 crore tax evasion in April-June; recover Rs 1,920 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/gst-officers-detect-rs-7421-crore-tax-evasion-in-april-june-recover-rs-1920-crore/articleshow/85004716.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary gave details of the total tax evasion detected
Small businesses hit as banks freeze current a/cs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/small-businesses-face-temporary-setback-as-banks-freeze-current-accounts-to-meet-rbi-norms/article35683965.ece Firms in a spot as banks rush to comply with RBI directive to prevent diversion of funds Operations of thousands of small businesses
Post-Covid growth strategy: For economic revival, public investment and exports will have to do the heavy lifting
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-edit-page/post-covid-growth-strategy-for-economic-revival-public-investment-and-exports-will-have-to-do-the-heavy-lifting/ Three decades after the 1991 reforms, India’s growth imperative remains every bit as urgent, to help recover lost jobs, ameliorate scarred incomes and
Govt should step up spending to provide support to the economy
Clipped from: https://indianexpress.com/article/opinion/editorials/covid-second-wave-indian-economy-gst-7435234/ Centre’s finances have fared well. But limited disinvestment, need for higher spending, could build up pressure. At the aggregate level, the Centre’s gross
Will the new e-commerce rules really favour consumers? – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/will-the-new-e-commerce-rules-really-favour-consumers/article35477503.ece The intent of the rules is unclear and there are several consumer protection rules already in place In June, the Union Ministry of
Where reforms didn’t deliver–Madan Sabnavis – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/where-reforms-didnt-deliver/article35686521.ece The scorecard on health, education and employment is poor The three decades of economic reforms since 1991 have certainly ushered in major changes
Easy investing – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/common-service-platform-for-mfs-is-a-sound-idea-but-sebi-must-examine-why-it-didnt-work-before/article35686783.ece Common service platform for MFs a sound idea but SEBI must examine why it didn’t work before The Securities and Exchange Board of
India’s jobless rate drops to four-month low in July as Covid ebbs | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-s-jobless-rate-drops-to-four-month-low-in-july-as-covid-ebbs-121080200602_1.html The country’s unemployment rate was 9.17% in June, says CMIE Photo: Bloomberg India’s jobless rate fell to the lowest level in four months
All you wanted to know about Employee Stock Option Plan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article35686806.ece With the Zomato IPO paving the way for other Indian ventures to consider listing, it’s been raining ESOPs in the start-up world. Farm-to-fork
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