The Union Ministry of Statistics and Programme Implementation on Thursday released the Second Advance Estimates of gross domestic product (GDP) for the ongoing fiscal year
Author: Anil R Tikotekar
Imperfect ruling on constitutionality of IBC | Business Standard Column
On January 25, 2019, the Supreme Court upheld the constitutionality of the Insolvency and Bankruptcy Code, 2016 (Code henceforth), in its entirety. The scheme of the Code,
Failure to repay a loan is not a criminal offence unless there is fraudulent intent: SC – The Hindu BusinessLine
In a significant ruling, the Supreme Court has held that failure to repay a loan is not a criminal offence unless there is a fraudulent
IBC brings down NPAs, says top Govt official – The Hindu BusinessLine
There has been a reduction in the addition of fresh NPAs over the last two years due to the implementation of the Insolvency and Bankruptcy
Need to work on access to finance for smaller firms says CEA – The Hindu BusinessLine
The proportion of credit that has flown to larger firms in Indian economy has increased from 69 per cent to 82 per cent between 2007
The Aadhaar ordinance raises serious constitutional concerns | columns | Hindustan Times
The Union Cabinet on February 28, 2019, gave its approval for promulgation of an ordinance that would allow voluntary use of Aadhaar as identity proof
शिस्तीचा अधिकारी – श्री संजय बर्वे –महाराष्ट्र टाइम्स
शिस्तीचा अधिकारी कडक शिस्तीचे संजय बर्वे मुंबईचे बेचाळिसावे पोलिस आयुक्त आहेत. सुबोध जयस्वाल पोलिस महासंचालक होणार हे निश्चित झाल्यानंतर बर्वे आणि अपर पोलिस महासंचालक परमवीर सिंह यांच्या
Jet Airways founder Naresh Goyal agrees to step down as chairman: Source – The Economic Times
Naresh Goyal agrees to step down as chairman of Jet Airways Beleaguered Jet AirwaysNSE -0.36 %‘ Chairman Naresh Goyal has agreed to step down as the lenders gear
Reduction in GST rate leads to a drop in price? Real estate a test case for broader changes – The Economic Times
For builders, complexity around another change in tax rules is something they will have to deal with. When the rate of tax comes down, the
With upper hand, India holds the key–Economic Times
India has conclusively gained the upper hand in its move to punish Pakistan for harbouring the terrorists who killed 42 Indian security personnel at Pulwama
Now, a policy to protect bank locker – The Economic Times
IFFCO Tokio General Insurance Company today announced the launch of Bank Locker Protector Policy to protect the contents of a bank locker such as jewellery and other valuables. The policy
Canara Bank loan for Bank of India, Union Bank employees – The Economic Times
Kolkata: State-owned lenders Bank of India and Union Bank of IndiaNSE 2.21 % appear to have made arrangements with Canara BankNSE 0.11 % to provide collateral-free loans to their respective employees,
IL&FS sees management collusion, fraud in IFIN’s bad loans – The Economic Times
The government-appointed board of IL&FS is planning to initiate criminal proceedings against several defaulters of IL&FS Financial Services (IFIN), charging them of colluding with the
India needs to do more if FDI flows are to increase – The Financial Express
Given the Indian economy’s relative attractiveness vis a vis China in the last few years—lower wage costs and a strong technology sector—it should attract large
NCLT rejects Essar Steel’s operational creditors plea against Arcelor’s bid | Business Standard News
The National Company Law Tribunal (NCLT)-Ahmedabad on Thursday rejected debt-laden Essar Steel India’s (ESIL’s) operational creditors (OCs) plea against ArcelorMittal’s Rs 42,000-crore bid. It is seeking consideration of promoters Essar
PSBs–Beyond PCA | Business Standard Editorials
The Reserve Bank of India on Tuesday took three more commercial banks out of the prompt corrective action (PCA) framework, thus opening up the possibility
Policy to merge state-owned banks will continue, says Arun Jaitley | Business Standard News
The Narendra Modi government will continue to follow a policy of amalgamating public sector banks to create a few but giant state-owned lenders which are
‘Govt maintaining good distance from IBC pays rich rich dividends to banking system’ – The Hindu BusinessLine
Finance Minister Arun Jaitley, on Thursday, said the government’s conscious decision to keep distance from the Insolvency and Bankruptcy Code (IBC) process has paid rich
GST: Govt detects Rs 20,000 cr GST evasion in April-Feb FY’19–Economic Times
urrently, GST has 4-tier slab of 5, 12, 18 and 28 per cent, while essential items are zero rated. The government has detected Rs 20,000
GST: India’s transformational GST has some hits, few misses–Economic Times
By Sumit Dutt Majumder There were certain basic objectives of introduction of GST. One was to substantially reduce, if not eliminate, the cascading of taxes by