On Tuesday the rupee closed below Rs 68 to a dollar, its lowest in over a year. It was not on account of a sudden,
Author: Anil R Tikotekar
A gilded age ahead for Indian steel?
It is welcome that several stressed steel assets are nearing resolution under the Insolvency and Bankruptcy Code. It would recapitalise and transform the industry. Companies
Gold must move to a less-cash economy
A 33% fall in gold imports in April helped contain the current account deficit. This is welcome. But the decline at a time when the
Meanwhile, economy | The Indian Express
While national attention is on Karnataka, it is important not to lose sight of the growing headwinds facing the economy. The most significant is, of
Electrosteel Steels case: NCLAT admits Renaissance Steel’s plea against Vedanta | The Indian Express
The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted Renaissance Steel’s petition challenging Vedanta’s eligibility to take over bankrupt firm Electrosteel Steels. A NCLAT
Essar Steel insolvency case: Numetal, Arcelor continue to scrap | The Indian Express
The NCLAT will hear the case again on May 22. Bankers are likely to take a call on the matter once the NCLAT passes its
Bhushan Steel: Tata Steel’s resolution plan gets NCLT nod ; The Financial Express–16.05.2018
The National Company Law Tribunal (NCLT) on Tuesday approved Tata Steel’s resolution plan for taking over Bhushan Steel. It dismissed a plea filed by the employees of
Tata Steel to acquire Bhushan Steel through its step-down subsidiary Bamnipal Steel – The Financial Express–16.05.2018
Tata Steel, whose bid for debt-ridden Bhushan Steel was approved by NCLT, would implement the resolution plan through its step-down subsidiary Bamnipal Steel Ltd. Bamnipal Steel
Pay Rs 5 crore more to refund home buyers: Supreme Court tells Supertech – The Financial Express–16.05.2018
The Supreme Court today directed realty firm Supertech Ltd to deposit Rs five crore more within four weeks to refund to the home-buyers who have
The IBC boost for acquisitions – The Financial Express–16.05.2018
The Insolvency and Bankruptcy Code was made operational in December 2016. Soon after, RBI identified 12 large NPAs with an outstanding debt of Rs 26 billion and
Careful with the CBI, expect to hit lending – The Financial Express–16.05.2018
Bank lending to industry grew just 0.7% in FY18, after contracting 1.9% in FY17 – will get worse with spooked bankers. On the face of
Beware a lending freeze: PSBs need a structural change in loan-giving | Business Standard Editorials–16.05.2018
The Reserve Bank of India (RBI) is reportedly planning to ask several public sector banks (PSBs) under the prompt corrective action (PCA) framework to restrict their exposure to fresh credit and
Free banking services out of GST net: FinMin official – Business Line–16.05.2018
Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry
ArcelorMittal transfers Rs 7,000 crore to SBI escrow a/c | The Indian Express–16.05.2018
ArcelorMittal, one of the two key contenders for the bankrupt Essar Steel, is understood to have transferred about Rs 7,000 crore into a State Bank
ITR-4 launched on e-filing portal, total 3 ITRs available now | business news | Hindustan Times–16.05.2018
The Income Tax Department on Tuesday launched the ITR-2, the third income return form for assessment year 2018-19, on the official e-filing portal. The ITR-2
हिशेबांची नोंद नीट ठेवा –महाराष्ट्र टाइम्स –१६.०५.२०१८
सीए प्रफुल्ल छाजेड प्रश्न मी व माझी पत्नी निवृत्त ज्येष्ठ नागरिक असून माझ्या मुलाला एक फ्लॅट घ्यायचा आहे. त्यासाठी त्याला काही गृहकर्ज घ्यावे लागणार आहे.
प्रभू कॉलम – सोसायटी संबधित प्रश्न व उत्तर –महाराष्ट्र टाइम्स –१६.०५.२०१८
चंद्रशेखर प्रभू मी शिवाजी पार्कजवळच्या माहीम येथील रहिवासी आहे. आमची एक मजल्याची इमारत असून सहा सदनिका आहेत, तसेच गच्चीवर एक खोली आहे. चार सदनिकांचे क्षेत्रफळ
कुटुंबांतर्गत ट्रान्सफरवर अतिरिक्त शुल्क नाही –महाराष्ट्र टाइम्स -16.05.2018
मी ८२ वर्षांचा गृहस्थ असून बोरिवली, मुंबई येथील एका सहकारी गृहनिर्माण संस्थेचा सदस्य आहे. या संस्थेने नवीन अधिनियम (न्यू मॉडेल बायलॉज) स्वीकारले आहेत. मी माझ्या
..तर वारसदाराला विवरणपत्र भरावे लागते | लोकसत्ता–१५.०५.२०१८
| प्रवीण देशपांडे प्रश्न : माझ्याकडे एकच राहाते घर आहे. मी दरमहा १२०० रुपये मालमत्ता कर सहकारी गृहनिर्माण संस्थेमार्फत महानगरपालिकेला देते. मी या कराची वजावट
ज्येष्ठ नागरिकांना पन्नास हजार रुपयांच्या व्याजावर करातून सूट | लोकसत्ता –१५.०५.०२०१८
|| प्रवीण देशपांडे प्रश्न : मी एक घर खरेदी केले आहे आणि त्यासाठी मी गृहकर्ज घेतले आहे. या घराव्यतिरिक्त माझे अजून एक घर आहे. हे