Clipped from: https://www.businesstoday.in/opinion/columns/story/rbis-resolution-framework-a-prudent-mechanism-for-banks-nbfcs-to-initiate-insolvency-process-306119-2021-09-07 The framework provides a prudential framework for banks and NBFCs to recognise and report the defaults with complete freedom to design and implement
Day: September 8, 2021
How Account Aggregators can help you get the best loan, insurance or investment deals – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/banking/story/how-account-aggregators-can-help-you-get-the-best-loan-insurance-or-investment-deals-305792-2021-09-02 Account Aggregator is like an exchange platform between banks and institutions sharing the data. It consolidates all the financial data in one place
Pharma industry must turn more innovative – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pharma-industry-must-turn-more-innovative/article36345068.ece?homepage=true To go beyond generics, the industry needs policy support by way of R&D tax breaks, patent law tweaks and research talent Perhaps the
Listen to Supreme Court on Tribunals Act – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/listen-to-supreme-court-on-tribunals-act/2325954/ Minimum-age for tribunal membership and short tenures will be a hurdle for tribunals in acquiring the needed talent The government needs to move
NBFC regulation needs to be strengthened – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/nbfc-regulation-needs-to-be-strengthened/article36344108.ece?homepage=true As NBFCs have become systemically important, regulation must be on a par with banks to ensure financial stability In June 2021, the Reserve
Senior citizens above 75 years can avoid filing ITR from next year | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/senior-citizens-above-75-years-can-avoid-filing-itr-from-next-year-121090701400_1.html Instead, they will just have to make a declaration in Form 12BBA to their bank, which will deduct TDS Senior citizens must fulfil
The employment dividend from exports | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-employment-dividend-from-exports-121090701697_1.html The surge in some export sectors has the potential to address India’s urban jobs challenge with necessary policy intervention India’s exports of merchandise
Govt heeds telecom sector’s call: Major licence fee, AGR relief expected on September 8 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/govt-heeds-telecom-sectors-call-major-licence-fee-agr-relief-expected-on-september-8/article36346666.ece?homepage=true Cabinet seen re-defining AGR, giving moratorium on spectrum instalment payment In a major relief package for the telecom sector, the Cabinet is likely
Freak trade at NSE, yet again – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/freak-trade-at-nse-yet-again/article36346366.ece The National Stock Exchange witnessed yet another freak trade in the futures and options section on Tuesday. The wild swing in Bank Nifty
hdfc bank: HDFC Bank partners with NSIC to offer credit support to MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/hdfc-bank-partners-with-nsic-to-offer-credit-support-to-msmes/articleshow/86002065.cms NEW DELHI: Continuing its efforts to support MSMEs, HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer credit support
Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/crypto-not-currency-needs-to-be-regulated-as-asset-ex-rbi-dg-gandhi/articleshow/86004732.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis After quite a lot of debate over the years, Gandhi said, people have fully understood that crypto cannot be a currency because the
faceless assessment: Change the customs: Faceless assessment scheme runs into familiar issues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/change-the-customs-faceless-assessment-scheme-runs-into-familiar-issues/articleshow/85996611.cms SynopsisThe new faceless customs assessment was meant to ease the documentation in import and export of goods. But it has doubled the work
MSMEs welcome Income Tax rules tweak by govt to ease e-records authentication in faceless assessments – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msmes-welcome-income-tax-rules-tweak-by-govt-to-ease-e-records-authentication-in-faceless-assessments/2325850/ Ease of Doing Business for MSMEs: Under the existing provisions of faceless assessment, the EVC-led authentication process was not available to certain companies,
Have made donations? Here’s how to avail tax benefits under Section 80G – The Financial Express
Clipped from: https://www.financialexpress.com/money/have-made-donations-heres-how-to-avail-tax-benefits-under-section-80g/2325731/ Donations made to a foreign trust or any political party do not qualify for this deduction, however, contributions towards the PM CARES Fund
Sebi asks exchanges to move to T+1 settlement cycle on an optional basis | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-asks-exchanges-to-move-to-t-1-settlement-cycle-on-an-optional-basis-121090701501_1.html A move to a T+1 settlement cycle is expected to benefit domestic investors by increasing market liquidity and trading turnover, while reducing settlement
Lenders rush to invoke personal guarantees of promoters | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/lenders-rush-to-invoke-personal-guarantees-of-promoters-121090701089_1.html Lenders invoke guarantees worth Rs 34,000 cr Illustration: Ajay Mohanty Armed with a favourable Supreme Court judgement, the Indian lenders have started invoking the personal guarantees of
Justice Chandrachud is right to remind intellectuals of their duty. But what of the other institutions of democracy? | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/justice-chandrachud-intellectuals-democracy-7494857/ Merely sounding warning notes is not going to suffice in the current climate — they will have to be accompanied by stronger signals
CBDT allows taxpayers to file settlement application till Sep 30 – BusinessToday
Clipped from: https://www.businesstoday.in/latest/top-story/story/cbdt-allows-taxpayers-to-file-settlement-application-till-sep-30-306142-2021-09-07 While no application for settlement can be filed on or after Feb 1, 2021 as per the amended Finance Act, the government had
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