Clipped from: https://www.icicidirect.com/research/equity/corporate-actions/what-lies-ahead-for-cement-sector-in-2022 What’s Buzzing: After a smooth start, the cement sector went through a bumpy ride during H2 in 2021 due to cost headwinds. Now,
Day: January 7, 2022
Patchwork policy: The Hindu Editorial on GST rate on textiles – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/patchwork-policy-the-hindu-editorial-on-gst-rate-on-textiles/article38094816.ece The temporary rollback of tax hikes on textiles is a harbinger of challenges before GST regime On New Year’s eve, nine hours before
The crypto assets conundrum – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/the-crypto-assets-conundrum/article38094297.ece Why legalising crypto assets is dangerous The Indian Government appears convinced that cryptocurrency is a dangerous proposition. Cryptocurrency enables relatively invisible transactions, with serious implications
Third time lucky?: The Hindu Editorial on the economy and the third COVID-19 wave – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/third-time-lucky-the-hindu-editorial-on-the-economy-and-the-third-covid-19-wave/article38138542.ece The economy needs closer attention for a less bumpy 2022 amid the latest COVID-19 wave India’s post-COVID economic recovery remains delicately poised at
Government says ₹8-lakh EWS cap derived after study – The Hindu
Clipped from: https://www.thehindu.com/news/national/how-you-came-up-with-8-lakh-limit-within-3-days-of-introducing-ews-quota-sc-asks-govt/article38151929.ece Supreme Court questions Centre on the reasoning behind income limit. The Supreme Court on Thursday wondered how the Union government came up with
Irdai to set up two hubs on motor insurance and property insurance | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/irdai-to-set-up-two-hubs-on-motor-insurance-and-property-insurance-122010601720_1.html The decision to set up these hubs was based on the recommendations of a working group on loss prevention and minimisation in the
Fed’s faster-than-expected rate hike signal triggers world stock sell-off | Business Standard News
Clipped from: https://www.business-standard.com/article/international/fed-s-faster-than-expected-rate-hike-signal-triggers-world-stock-sell-off-122010700065_1.html Ten-year treasury yield crosses 1.75%, on track for its biggest weekly rise since 2020 Photo: Bloomberg Stock markets were deep in the red
ECLGS stopped 14% of loans from slipping into NPA, says SBI report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/eclgs-stopped-14-of-loans-from-slipping-into-npa-says-sbi-report-122010700050_1.html The scheme has saved around 15 million jobs and stopped 14 per cent of outstanding MSME loans from turning into non-performing assets (NPAs)
RBI ups threshold for LCR maintenance by banks on funds received from non-financial small biz customers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-ups-threshold-for-lcr-maintenance-by-banks-on-funds-received-from-non-financial-small-biz-customers/article38151998.ece All commercial banks should maintain LCR if they receive deposits of ₹7.5 crore and above The Reserve Bank of India has upped the
Third wave could revive the demand for restructuring of loans: ICRA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/third-wave-could-revive-the-demand-for-restructuring-of-loans-icra/article38146629.ece Risk to banks’ asset quality The threat of the third wave of Covid-19 risks banks’ asset quality, especially the restructured loan book, cautioned
PCI welcomes RBI move allowing digital payments in offline mode – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/pci-welcomes-rbi-move-allowing-digital-payments-in-offline-mode/article38151420.ece This is done to enable adoption of digital transactions in rural areas Mumbai, January 6The Payments Council of India has welcomed the move
‘Lack of consistent income key reason for most people being out of financial inclusion’ – The Financial Express
Clipped from: https://www.financialexpress.com/economy/lack-of-consistent-income-key-reason-for-most-people-being-out-of-financial-inclusion/2400446/ Rawat was speaking at a financial inclusion program meet held in Aurangabad on Wednesday. Most people are still out of financial inclusion due
Women directors mandate tokenism; regulation wording “humorous”: Damodaran – The Financial Express
Clipped from: https://www.financialexpress.com/market/women-directors-mandate-tokenism-regulation-wording-humorous-damodaran/2400386/ When a woman gets approached to join a board, she should first question if the appointment is being made to tick a box
RBI lays down eligibility norms for entities tapping credit bureau data – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-lays-down-eligibility-norms-for-entities-tapping-credit-bureau-data/2399492/ The rules say a company must be owned and controlled by resident Indian citizens to become a specified user with a credit bureau,
CVC expands ambit of advisory board on large scale bank frauds – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/cvc-expands-ambit-of-advisory-board-on-large-scale-bank-frauds/2400364/ Officials of the level of general managers and above, whole-time directors, including former officials or former whole-time directors are under the ambit of
RBI releases eligibility criteria for ‘specified users’ of CICs – The Financial Express
lipped from: https://www.financialexpress.com/industry/banking-finance/rbi-releases-eligibility-criteria-for-specified-users-of-cics/2399394/ As per the requirements, a ‘specified user’ should be a company incorporated in India or a statutory corporation established in the country. The
India’s trade deficit could soon double to $200 billion, as domestic demand drives up imports – The Financial Express %
Clipped from: https://www.financialexpress.com/economy/indias-trade-deficit-could-soon-double-to-200-billion-as-domestic-demand-drives-up-imports/2398711/ The country’s trade deficit is expected to widen to $190 billion in the current fiscal year 2021-22, and further to $200 billion in
Five things you need to know before investing in cryptocurrencies – The Financial Express
Clipped from: https://www.financialexpress.com/money/five-things-you-need-to-know-before-investing-in-cryptocurrencies/2399585/ The Indian government is working on a financial bill to regulate virtual currencies, which may give clarity on how the crypto market will
Legal notice to Income tax dept for not extending ITR filing deadline – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/legal-notice-to-income-tax-dept-for-not-extending-itr-filing-deadline/articleshow/88728559.cmsSynopsis AOTAA has asked for the ITR filing deadline to be extended as well as the late filing fee collected to be returned to
Vedanta’s Twin Star to appeal against NCLAT order on restarting the Videocon Industries resolution plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/vedantas-twin-star-to-appeal-against-nclat-order-on-restarting-the-videocon-industries-resolution-plan/articleshow/88738573.cmsSynopsis Twin Star Technologies is set to argue that the CoC is Functus Officio – implying that the role of the committee of creditors
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