The committee of creditors (CoC) on Friday approved the resolution plan submitted by RIL-JM Financial. Banks have taken a huge 83% haircut on the sale
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
Insolvency professionals may step down only on health, legal grounds – The Financial Express–23.06.2018
The IBBI has sought public comments after coming out with an discussion paper. ReIterating that regulations under the Insolvency and Bankruptcy Code (IBC) do
Virtual ID: RBI asks banks to tweak systems by June 30 – The Financial Express–23.06.2018
The Reserve Bank of India (RBI) has asked all banks to tweak their systems by June 30 to enable the use of virtual IDs (VIDs)
RBI rate hikes are good for Indian economy, explains JP Morgan’s Jahangir Aziz – The Financial Express–23.06.2018
Loose fiscal and monetary policies pushed India to the brink of crisis in 2013, for which taper tantrum was the trigger, writes JP Morgan’s Jahangir Aziz
Aditya Birla Finance bets on SMEs as it looks to expand to 50 cities | Business Standard News
By the end of July Aditya Birla Finance Limited (ABFL) will be present in 50 cities (Tier I, II and III) across the country, growing from tapping
e-Way bill generation touches 10-crore mark – Business Line–23.06.2018
On Friday, over 80 days after its launch on April 1, e-way bill generation hit the 10-crore mark. “Ten crore e-Way bills in two months
Making India an Export Expert
Exports are the driving force of India’s growth strategy. GoI is coming out with a comprehensive plan to increase the share of global trade to
Want to file your income tax return online? Here’s the first step | business news | Hindustan Times–23.06.2018
With the July 31 deadline for filing annual income tax returns for the assesment year 2018-19 (for financial year 2017-18) approaching, taxpayers have started the
Insolvency regulator to IRPs: Charge reasonable fees, disclose all expenses – NEWS – Business Line–22.06.2018
You will now get to know how much insolvency resolution professionals (IRPs) charge as ‘fees’ for their crucial role in the corporate insolvency resolution process
GST: Input tax credit: Important for taxpayers to know GST is unlike the previous regime – The Economic Times–22.06.2018
By Archit Gupta Input tax credit under GST has a very well-defined structure and is more comprehensive than the erstwhile indirect taxes. Cross-utilisation of credit between the Integrated
GST: Accommodation services by hotels to SEZ employees is inter-state in nature, attract Nil GST–Economic Times–22.06.2018
Setting aside recent advance ruling by Karnataka Advance Ruling Authority (ARA), the Central Board of Indirect taxes and Customs (CBIC) has stated that services of
No witch-hunt of bankers, please–Economic Times–22.06.2018
If you are a self-proclaimed gangster running operations in Maximum City from a safe haven abroad, you will be the anti-hero of faux film noire.
Economy: Between a rock and a hard place | Business Standard Column
The euphoria over the tag of becoming, once again, the world’s fastest-growing major economy should not lead to complacency. Just as the economy began recovering
Step up the oversight: Bank of Maharashtra scandal is just the latest to cry, banking governance is appalling–Times of India–22.06.2018
Banks have been making headlines for all the wrong reasons. If it is not a fresh surge in the level of bad loans, it is
BoB puts Rs 3,000-cr exposure to NCLT accounts on sale | The Indian Express–22.06.2018
Over the last week, Bank of Baroda (BoB) has put on sale non-performing assets (NPAs) worth Rs 7,655 crore, including its exposures to some accounts
Transmission troubles: on inefficient banking system – The Hindu–21.06.2018
The RBI continues to remain unable to influence the effective lending rates in the economy. In February, in its latest statement of intent to resolve
Bank salvation does not lie in mergers–Economic Times–21.06.2018
Reports say that the government is considering merging four public sector banks (PSBs), Bank of Baroda, IDBI Bank, Oriental Bank and Central Bank, which together
India must gear up for a trade war–Economic Times–21.06.2018
The trade war brewing between the US and practically all others could do serious damage to global growth, if it does actually break out. The
Income Tax: Professional fees is not salary; use ITR-4 to file return u/s 44ADA – The Financial Express–21.06.2018
I am 66 years old and working as a consultant. My salary is paid to me as professional fees which does not exceed `50 lakh
E-way bill: Transporters can now use common enrolment number across multiple States – Business Line–21.06.2018
To help the logistics industry comply with e-way bill requirements with ease, the Finance Ministry has announced new rules for transporters running businesses in multiple
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