Two fresh bids have been submitted after the insolvency process for Nagarjuna Oil Corporation (NOCL) ran into controversy. The firm’s committee of creditors (CoC) was recommending liquidation,
Author: Anil R Tikotekar
30 stressed power accounts set to go to NCLT as RBI’s NPA deadline ends | Business Standard News
Lenders to about 30 stressed power assets will refer them to bankruptcy courts, after the Allahabad High Court denied any relief to the sector from the Reserve
Technical glitches continue to haunt the Goods and Services Tax Network | Business Standard News
Even after completion of one year of the new indirect tax regime, technical glitches continue to haunt the Goods and Services Tax Network (GSTN), as small and medium
[ SEBI–on Trading in shares etc ] Educate, don’t micro-manage | Business Standard Editorials
The Securities and Exchange Board of India’s (Sebi’s) proposal to restrict retail investors from taking large exposures in the stock market by setting trading limits based on income, or net worth,
Power assets: Be proactive on stressed power assets: HC to government–Economic Times
The Allahabad High Court has firmly told the government to consider issuing a directive to Reserve Bank of India against the February 12 circular on how lenders should deal
Government to hold talks on seeking RBI relief for stressed power firms – The Economic Times
The government will consider asking the Reserve Bank of India (RBI) to allow a further 180-day relief for sustainable but stressed projects in the power sector in
Let banks form SPV to own power assets–Economic Times
All is not lost for the banks and the power projects that are unable to service their loans and now face bankruptcy proceedings within the
Urjit Patel | RBI Governor: From defence to defiance: The evolution of Urjit Patel–Economic Times
Compared to his predecessor Rajan, the number of public appearances may be next to nothing, but whenever the situation warranted, Patel did not hesitate to
Pay app: Google, banks team up for digital loans – The Financial Express
In what appears to be a symbiotic relationship, Google’s India arm said on Tuesday it was teaming up with HDFC Bank, ICICI Bank, Federal Bank and
Don’t issue a directive to RBI on stressed power companies – The Financial Express
The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
Why asking owners to pay rent on empty flats is so socialist – The Financial Express
The tax is a throwback to the days when, since the government didn’t want houses/flats to be bought and then not rented out, it levied
bank loans: Stressed assets: Big bank clean-up enters the last lap – The Economic Times
Incidentally, the last ray of hope has also faded for India Inc, with the Allahabad High Court refusing to provide any relief to power companies.
Beware of debit, credit cards frauds! Know how to save your hard-earned money from fraudsters – Here is what they do – The Financial Express
Three men were arrested for allegedly duping hundreds of people by seeking their bank account details on the pretext of renewing their credit and debit
Don’t issue a directive to RBI on stressed power companies – The Financial Express
The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
Allahabad High Court order fails to resolve all issues of power sector | Business Standard News
The Allahabad High Court (HC) order has not cleared the air for stressed power assets that have insolvency looming over them, leaving the door open for more
Banks must prepare blueprint for long-term growth: Jaitley – The Hindu BusinessLine
Finance Minister Arun Jaitley on Monday said India has the potential to become the fifth-largest economy in the world by next year, and urged banks
What’s causing the rupee to weaken – The Hindu BusinessLine
Persistent current account deficit and net capital outflows are the key reasons for the fall The rupee has crossed the 70 mark against the US
bad loans: Lenders will have 15-days to resolve the stressed accounts that come within RBI’s Feb 12 circular – The Economic Times
Banks will have a window of another 15 days to resolve the stressed assets that comes within the remit of the Reserve Bank of India’s
A Bubble of Déjà Vu From Jackson Hole
It was at Jackson Hole, Wyoming, where central bankers gather to shoot the breeze and exchange views with economists that Raghuram Rajan had warned, in
Housing units worth Rs 4.64 lakh crore facing delays, says report – The Financial Express
Around 5.76 lakh housing units worth Rs 4.64 lakh crore are facing construction delays in seven major cities across the country for a variety of