Within my salary bank account, there’s also a reimbursement account. When filing my tax return do I need to provide details of the reimbursement account as a
Author: Anil R Tikotekar
RBI Annual Report: Nearly all junked notes returned – The Financial Express
As much as 99.3% of the demonetised high-value notes returned to the banking system, the Reserve Bank of India’s annual report for 2017-18 said. (File
Now, NBFCs may be allowed to take defaulting borrowers to IBC as RBI may extend resolution framework – The Financial Express
If the resolution is not approved with 180 days, these institutions will have to initiate insolvency resolution under the Insolvency and Bankruptcy Code. India’s central
Stressed power assets: Panel to discuss ARC, no fiat to RBI under Section 7 – The Financial Express
The empowered committee on power, in its crucial meeting on Friday, could discuss a proposal to set up an asset reconstruction company (ARC) to take
Financial fraud: Ministry of corporate affairs to crack down on firms – The Financial Express
The move comes in the wake of a series of resignations of auditors from listed companies. Auditors in over 200 listed companies have resigned so
Who will own and use your data? – The Financial Express
The Srikrishna Committee submitted the draft of the Personal Data Protection Bill, 2018, to the government for its action on July 27, 2018. The Srikrishna
The depth of the next US recession – The Financial Express
The United States economy is doing well. But the next recession—and there is always another recession—could be very bad. The US Bureau of Economic Analysis
Current account deficit expected to be largely financed by FDI flows – The Financial Express
In its annual report released on Wednesday for the financial year 2017-18, the Reserve Bank of India (RBI) stated that the current account deficit (CAD)
Frauds at PSBs more than those at private banks – The Financial Express
According to the annual report of the RBI for the financial year 2017-18, public sector banks (PSBs) accounted for 92.9% of the amount involved in
IBBI levies penalty on EY partner – NEWS – The Hindu BusinessLine
Insolvency regulator IBBI has slapped a penalty of Rs. 1 lakh on Dinkar T Venkatasubramanian, insolvency resolution professional (IRP) and partner at Ernst & Young
Disclose action taken against wilful defaulters over Rs 50 cr loans: CIC – The Hindu BusinessLine
The action taken against wilful defaulters of banks loans of above Rs 50 crore should be made public by the Finance Ministry, Ministry for Statistics
GST’s ‘local’ snags – OPINION – The Hindu BusinessLine
After the introduction of GST, the powers of the State governments and other regional authorities to raise additional taxes became limited as most of these
PSBs likely to see tough days ahead: ICRA – MONEY & BANKING – The Hindu BusinessLine
The total loss before tax for public sector banks (PSBs) in FY2019 is estimated at Rs. 41,900-1,01,600 crore, depending on the credit provisioning on stressed
70 big companies may be heading for resolution under the IBC: ICRA | Business Standard News
The gross non-performing assets (GNPAs) of the banking sector is likely to improve to 10 per cent in March 2019, from 11.52 per cent as on June 30, 2018,
IBC process: Two fresh bids for Nagarjuna after NCLT rejects liquidation | Business Standard News
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,
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