Clipped from: https://www.business-standard.com/article/economy-policy/govt-issues-guidelines-for-textiles-pli-scheme-worth-rs-10-683-crore-121122801194_1.html Companies have to inform the ministry of textiles about their annual investment plan. The Centre on Tuesday released the operational guidelines for the
Day: December 29, 2021
How Modi govt will beat revenue collections, fiscal deficit by a wide margin this year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/budget-math-how-modi-govt-will-beat-revenue-collections-fiscal-deficit-by-a-wide-margin-this-year/article38054262.ece Research firm CNI Global expects GST collection to be higher by 233%, direct taxes by 126% and fiscal deficit to fall by 66%
Govt says GSTN portal working fine as tax consultants list glitches | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/govt-says-gstn-portal-working-fine-as-tax-consultants-list-glitches-121122801176_1.html Industry associations seek extension of deadline to file annual returns. Illustration: Ajay Mohanty The government on Tuesday said the GSTN portal is working well as tax consultants
4,071 banking fraud cases reported during H1 FY2022: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/4-071-banking-fraud-cases-reported-during-h1-fy2022-rbi-report-121122801123_1.html In terms of deposits, the number of reported cases of frauds stood at 208 of an amount involving Rs 362 crore, the report
Govt needs to ensure every school, college has library, playground: CJI | Business Standard News
Clipped from: https://www.business-standard.com/article/education/govt-needs-to-ensure-every-school-college-has-library-playground-cji-121122801139_1.html Justice Ramana said book-reading is a good habit as it would leave an imprint in minds while playing sports would increase sporting spirit
Banks’ asset quality ‘may get dented’ as special schemes end: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banks-asset-quality-may-get-dented-as-special-schemes-end-rbi-report-121122801157_1.html Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis. Photo: Shutterstock The Indian financial system’s asset quality
For exit, anchors now to wait for 90 days after IPO as Sebi tightens norms | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/for-exit-anchors-now-to-wait-for-90-days-after-ipo-as-sebi-tightens-norms-121122900025_1.html Sebi board sets minimum 5% gap in issue price bands Securities and Exchange Board of India The Securities and Exchange Board of India
Bank NPAs ease to nearly six-year low: RBI Trends & Progress report | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/bank-npas-ease-to-nearly-six-year-low-rbi-trends-progress-report-121122900021_1.html Credit growth showing signs of recovery, says RBI report Illustration: Binay Sinha Proving sceptics wrong, 2020-21 turned out to be the best in
Recast scheme to stay afloat, says RBI Trend & Progress report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/recast-scheme-to-stay-afloat-says-rbi-trend-progress-report-121122900048_1.html The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit. Representative image
Amount recovered through various channels dropped in 2020-21: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/amount-recovered-through-various-channels-dropped-in-2020-21-rbi-report-121122900043_1.html The IBC route yielded more than Rs 27,000 crore, while around Rs 27,700 crore was recovered through the SARFAESI Act Representative image In
Asset quality of NBFCs worsens in H1 amid Covid-19 pandemic: RBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/asset-quality-of-nbfcs-worsens-in-h1-amid-covid-19-pandemic-rbi-report-121122900039_1.html The pandemic posed significant challenges to NBFCs during the first wave (2020) also Representative image The asset quality of non-banking financial companies (NBFCs)
Strengthening IBC | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/strengthening-ibc-121122801342_1.html Proposed changes will reduce delays The implementation of the Insolvency and Bankruptcy Code is one of the biggest reforms in the financial sector in recent
Algo rhythm: Small and medium-sized businesses path to cloud | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/algo-rhythm-small-and-medium-sized-businesses-path-to-cloud-121122700009_1.html 83% of enterprise businesses say cloud solutions have helped their business recover from Covid-19 54% of traditional SMBs believe cloud solutions have aided
SEBI tightens norms for use of IPO funds, winding up MF schemes – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/sebi-tightens-norms-for-use-of-ipo-funds-winding-up-mf-schemes/article38058198.ece Mandates consent of unitholders for shutting an MF plan No mutual fund (MF) in India will be able to wind up any of
NPS subscribers can soon switch asset allocation 4 times in a year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/nps-subscribers-can-soon-switch-asset-allocation-4-times-in-a-year/article38057615.ece Flexibility on frequency of switches to help subscribers ride market trends: PFRDA You as an NPS subscriber may soon be allowed to switch
India can be a winner in semiconductors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/india-can-be-a-winner-in-semiconductors/article38057577.ece In the assembly, testing, marking, and packaging of chips, India has an advantage in terms of its low-cost, technical workforce With the announcement
A case of double-speak on pharma patents – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-case-of-double-speak-on-pharma-patents/article38057747.ece While India is pushing for waiver of IP rights for Covid medication at the WTO, at home it is open to monopolistic practices
Unbankable proposition – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/unbankable-proposition/article38057539.ece TN’s proposal on payments bank needs more clarity While presenting the revised Budget for 2021-22, Tamil Nadu Finance Minister Palanivel Thiaga Rajan indicated
Healthtech company‘Even’ launches cashless health cover in Bengaluru – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/healthtech-companyeven-launches-a-unique-healthcare-service-scheme-in-bengaluru/article38057529.ece The subscription-based healthcare service offers unlimited doctor consultations and diagnostics to members Even, a healthtech company that partners directly with top hospitals to
Number of cases of Bank frauds declined in FY21: RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/number-of-cases-of-bank-frauds-declined-in-fy21-rbi/article38058179.ece The amount involved in frauds in various banking operations based on the date of occurrence declined to ₹1,38,422 crore in FY21 against ₹1,85,468
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