Clipped from: https://www.thehindubusinessline.com/companies/banks-face-42000-cr-haircut-as-nclt-clears-vedanta-firms-2900-crore-bid-for-videocon/article34763894.ece Anil Agarwal-backed company offers to pay ₹2,900 crore to lenders Banks will take a ₹42,000-crore haircut after the Mumbai Bench of the National
Author: Anil R Tikotekar
Global minimum corporate tax rate: The ‘googly’ ICC has dodged for years and how it may help nations – The Financial Express
Clipped from: https://www.financialexpress.com/economy/global-minimum-corporate-tax-rate-the-googly-icc-has-dodged-for-years-and-how-it-may-help-nations/2267436/ By a conservative estimate, tax havens deprive countries of taxes amounting to 30 Lakh Crores every single year. Rishi Sunak, the Indian origin
Salaried employee working from home? Check Income Tax rules for e-filing ITR on new portal – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/salaried-employee-working-from-home-check-income-tax-rules-for-e-filing-itr-on-new-portal/2267172/ Income Tax Return (ITR) filing for salaried employees during work from home 2021: The Income Tax filing season has started. New e-filing portal
Before claiming Section 80C Income Tax deductions, be aware of these conditions – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/before-claiming-section-80c-income-tax-deduction-be-aware-of-these-conditions/2267264/ All of us avail tax benefits under Section 80C of the Income Tax Act, but only a few are aware that these benefits
Inflation knocking at the door? Here is how equity, debt investments may get impacted – The Financial Express
Clipped from: https://www.financialexpress.com/money/mutual-funds/inflation-knocking-at-the-door-here-is-how-equity-debt-investments-may-get-impacted/2267210/ Global inflation usually spills over to emerging economies through the commodities channel which is already showing up in the WPI which captures inflation
Insolvency and Bankruptcy Code works, but it could work better – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/insolvency-and-bankruptcy-code-works-but-it-could-work-better/articleshow/83347394.cmsSynopsis The bid amount will enable creditors to recover about 40% of the total admitted claims of around Rs 87,082 crore. The NCLT has
Higher interest rates soon: When to reallocate funds in investment portfolio, where to invest? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/higher-interest-rates-soon-when-to-reallocate-funds-in-investment-portfolio-where-to-invest/articleshow/83257422.cms SynopsisIt is important to sometimes reallocate funds within your portfolio. It is even more important to do so at the right time. How
Take action against those indulging in illegal adoption of children orphaned during pandemic: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/take-action-against-those-indulging-in-illegal-adoption-of-children-orphaned-during-pandemic-sc/articleshow/83337750.cmsSynopsis SC has directed States & UTs to take strict actions against any body or individual indulging in illegal adoption of children orphaned during
RBI asks banks not to destroy CCTV recordings of demonetisation period | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-asks-banks-not-to-destroy-cctv-recordings-of-demonetisation-period-121060801270_1.html Banks advised to preserve CCTV footage from branches, currency chests between Nov 6, 2016 to Dec 30, 2016 until further notice Photo: Shutterstock
Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paytm-has-500-mn-ready-cash-ipo-timed-to-expand-lead-in-fintech-sources-121060801301_1.html IPO will foster public and institutional investors’ trust, and seal the company’s position as India’s largest fintech player Photo: Shutterstock IPO-bound Paytm has $500 million
DHFL: 63 moons to challenge NCLT’s approval for Piramal’s resolution plan | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dhfl-63-moons-to-challenge-nclt-s-approval-for-piramal-s-resolution-plan-121060801247_1.html 63 moons believes that the resolution plan is against interest of all DHFL’s creditors, including NCD holders 63 moons technologies, which holds around Rs
Why the distortions built into GST are coming undone | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/columns/why-the-distortions-built-into-gst-are-coming-undone-7346960/ Had there been a proportional representation of voting in the GST council either as a proportion of the size of a state or
Fed tapering and emerging markets | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fed-tapering-and-emerging-markets-121060701505_1.html The year 2021 will be one of the strongest years for global growth in history One of the big risks for emerging market
Print money and finance fiscal deficit? Why RBI doesn’t agree with idea | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/print-money-and-finance-fiscal-deficit-why-rbi-doesn-t-agree-with-idea-121060700362_1.html The central bank has managed the government’s borrowing programme well, helping in liquidity. Globally, central banks are funding the stimulus through their “unparalleled
All you wanted to know about insider trading – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34755136.ece Last week, the securities market regulator found two Infosys employees guilty of insider trading. In July 2020, the two apparently passed on price-sensitive
Your Queries – Income Tax: Grandfathering provision doesn’t affect set-off of long term capital loss from equity – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-grandfathering-provision-doesnt-affect-set-off-of-long-term-capital-loss-from-equity/2266933/ One needs to file ITR only when gross total income in a financial year exceeds the basic exemption limit. Income from share trading
RBI adopts the Fed’s policy mantra – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rates-more-rbi-adopts-the-feds-policy-mantra/2266953/ Policy status quo for now, but normalisation to begin 4Q 2021. RBI’s assessment of the second wave impact on Q2 GDP growth too
Amid inflation worries, RBI prioritises growth – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/amid-inflation-worries-rbi-prioritises-growth/2267008/ RBI doesn’t have much comfort room, but it is using the tools it has; the govt must now pull its weight on supporting
Revenge spending: Auditors are facing a new challenge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/revenge-spending-auditors-are-facing-a-new-challenge/articleshow/83328817.cms SynopsisGoing concern is a concept in auditing where auditors have to raise red flags for heavily debt ridden or other companies on whether
Fully vaccinated people may not be required to carry RT-PCR report for domestic travel. Centre discussing mechanism – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/vaccinated-passengers-may-not-need-rt-pcr-report-for-domestic-travel-discussion-by-govt-underway/articleshow/83298578.cmsSynopsis Civil aviation minister said that the discussion on the issue is underway among representatives of different ministries and other stakeholders. In order to