https://www.financialexpress.com/business/sme/banks-msme-portfolio-quality-improves-further-as-gnpas-drop-below-5-in-sept-rbi-report/3350655/ Clipped from: https://www.financialexpress.com/business/sme/banks-msme-portfolio-quality-improves-further-as-gnpas-drop-below-5-in-sept-rbi-report/3350655/ The RBI report also noted increased lending by both public and private sector banks to MSMEs in H1 despite ECLGS expiry, points
Day: December 29, 2023
None of the top 100 borrower accounts in NPA category for scheduled commercial banks: RBI report – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/none-of-the-top-100-borrower-accounts-in-npa-category-for-scheduled-commercial-banks-rbi-report/article67684078.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/none-of-the-top-100-borrower-accounts-in-npa-category-for-scheduled-commercial-banks-rbi-report/article67684078.ece The share of top 100 borrowers, which was rising for two years until March 2023, in SCBs’ loans witnessed a moderation None
Multiple banks lending to the same NBFCs dilute post-sanction monitoring – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/multiple-banks-lending-to-the-same-nbfcs-dilute-post-sanction-monitoring/article67684135.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/multiple-banks-lending-to-the-same-nbfcs-dilute-post-sanction-monitoring/article67684135.ece ‘It is imperative for boards of banks and NBFCs to fix suitable sectoral and sub-sectoral exposure limits and monitor them closely to
Banks up against challenges in coming year – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/banks-up-against-challenges-in-coming-year/article67684245.ece Clipped from: https://www.thehindubusinessline.com/opinion/banks-up-against-challenges-in-coming-year/article67684245.ece Liquidity concerns as well as managing regulatory issues vis-a-vis non-bank sector will be in the forefront Banks experienced elevated liquidity risks during
E-commerce policy in final stages of discussion: Goyal – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/e-commerce-policy-in-final-stages-of-discussion-goyal/article67684221.ece Clipped from: https://www.thehindubusinessline.com/economy/e-commerce-policy-in-final-stages-of-discussion-goyal/article67684221.ece E-commerce Export Handbook for MSMEs to act as guide for small players to onboard the platform Union Minister for Commerce and Industry
Chandra tells Tata group employees to prepare for disruption – The Hindu BusinessLine
https://www.thehindubusinessline.com/companies/chandra-tells-tata-group-employees-to-prepare-for-disruption/article67684204.ece Clipped from: https://www.thehindubusinessline.com/companies/chandra-tells-tata-group-employees-to-prepare-for-disruption/article67684204.ece Tata Sons chairman N Chandrasekaran urges group companies to focus on better execution, customer satisfaction & AI in his New Year message
Growth being driven by investments, consumption demand weak: MPC’s Shashanka Bhide – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/growth-being-driven-by-investments-consumption-demand-weak-mpcs-shashanka-bhide/article67684279.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/growth-being-driven-by-investments-consumption-demand-weak-mpcs-shashanka-bhide/article67684279.ece Q2 growth was significantly more than what we were expecting. However, these changes, even when they are positive require more concern: Bhide
Loans & advances and deposits related grievances surge in FY23: RBI – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/loans-advances-and-deposits-related-grievances-surge-in-fy23-rbi/article67684368.ece Clipped from: https://www.thehindubusinessline.com/news/loans-advances-and-deposits-related-grievances-surge-in-fy23-rbi/article67684368.ece Higher by 94% and 103% year-on-year, experts attribute the increase to growing digital apps adoption With over 60 per cent of retail
SBI, HDFC Bank asked to set aside higher capital for loans – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/sbi-hdfc-bank-asked-to-set-aside-higher-capital-for-loans/article67684343.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/sbi-hdfc-bank-asked-to-set-aside-higher-capital-for-loans/article67684343.ece For ICICI Bank, the additional CET 1 requirement continues at 0.20 per cent. State Bank of India (SBI) and HDFC Bank, both
CBDT issues guidelines on 1% tax deduction by e-commerce operators – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cbdt-issues-guidelines-on-1-tax-deduction-by-e-commerce-operators/article67684220.ece Clipped from: https://www.thehindubusinessline.com/economy/cbdt-issues-guidelines-on-1-tax-deduction-by-e-commerce-operators/article67684220.ece The CBDT circular details various types of situations with examples and provides clarity on multiple issues The Central Board of Direct Taxes
Low risk to India from any crude oil price spike in FY25: Chief Economic Advisor – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/low-risk-to-india-from-any-crude-oil-price-spike-in-fy25-chief-economic-advisor/article67684429.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/low-risk-to-india-from-any-crude-oil-price-spike-in-fy25-chief-economic-advisor/article67684429.ece “I do not think energy demand will necessarily become sufficient enough in 2024 to see oil prices spike up,” said V Anantha
Direct tax collection set to triple, exceeding ₹19 lakh crore in Modi’s 10-year tenure – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/direct-tax-collection-set-to-triple-exceeding-19-lakh-crore-in-modis-10-year-tenure/article67686120.ece Clipped from: https://www.thehindubusinessline.com/economy/direct-tax-collection-set-to-triple-exceeding-19-lakh-crore-in-modis-10-year-tenure/article67686120.ece The Narendra Modi-led government enhanced the income tax regime, introducing appealing changes such as a raised basic exemption limit, standard deduction inclusion,
Govt extends deadlines for GST officers to issue demand notices for FY’19, FY’20 – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/govt-extends-deadlines-for-gst-officers-to-issue-demand-notices-for-fy19-fy20/article67685880.ece Clipped from: https://www.thehindubusinessline.com/economy/govt-extends-deadlines-for-gst-officers-to-issue-demand-notices-for-fy19-fy20/article67685880.ece The government extended the deadline in this regard for 2018-19 fiscal to April 30, 2024 and for 2019-20 fiscal to August 31,
NoBroker revenue grows 96%, losses up 62.6% in FY22 – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/real-estate/nobroker-revenue-grows-96-losses-up-626-in-fy22/article67686381.ece Clipped from: https://www.thehindubusinessline.com/news/real-estate/nobroker-revenue-grows-96-losses-up-626-in-fy22/article67686381.ece NoBroker has set its eyes on turning profitable in the next two years Protech unicorn NoBroker achieved a substantial 96 per cent
Section 80P(4) not restrict Section 80P(2) deduction claimed by Co-op Society: HC
https://taxguru.in/income-tax/section-80p4-restrict-section-80p2-deduction-claimed-co-operative-society-hc.html Clipped from: https://taxguru.in/income-tax/section-80p4-restrict-section-80p2-deduction-claimed-co-operative-society-hc.html CIT Vs Tamilnadu Cooperative Housing Federation Ltd. (Madras High Court) Introduction: In a significant legal development, the Madras High Court recently delivered a
Provisional attachment of bank account u/s. 83 of CGST Act based on tangible material valid
Read more at: https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html#google_vignetteCopyright © Taxguru.in https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html Clipped from: https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html Arramva Corporation & Ors. Vs Additional Director General & Ors. (Calcutta High Court) Calcutta High Court held
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