Clipped from: https://www.business-standard.com/industry/news/prepackaged-insolvency-sees-sluggish-growth-with-13-applications-till-sep-125010200624_1.html Govt may widen scope of schemes for larger companies and not just MSMEs Listen to This Article Prepackaged insolvency applications have seen a
Author: Anil R Tikotekar
Kotak Bank sees SME segment driving loan growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/kotak-bank-sees-sme-segment-driving-loan-growth/article69052811.ece ‘The Indian economy is expected to reach $7 trillion by 2031, and the SME segment is seen as the backbone of that growth.
Higher interest rates, weak rupee drive NRI deposits to 10-year high – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/data-stories/data-focus/higher-interest-rates-weak-rupee-take-nri-deposits-to-10-year-high/article69053861.ece Reserve Bank of India data shows that NRI deposits outstanding as of October stood at $162.7 billion, up 13.4 per cent year-on-year Interest
*India second most targeted nation in terms of cyberattacks: CloudSEK | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/india-second-most-targeted-nation-in-terms-of-cyberattacks-cloudsek-125010200905_1.html “India: Rapid digitization exposed 95 entities, making it the second most attacked nation,” the report said. Israel was on the third spot where
Need dedicated refinance window to ensure smooth flow of funds, NBFCs tell FM – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/need-dedicated-refinance-window-to-ensure-smooth-flow-of-funds-nbfcs-tell-fm/article69054687.ece FM Sitharaman chairs 7th pre-budget meeting with representatives of financial sector and capital markets Union Finance Minister Nirmala Sitharaman chairs the seventh Pre-Budget
To spur growth in Q4, FinMin to loosen purse strings for some ministries/depts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/spending-guidelines-likely-to-be-relaxed-for-some-ministriesdepts/article69054188.ece Relaxations follow slowdown in capital expenditure that has impacted economic growth To boost expenditure in the January-March quarter, Finance Ministry is likely to
Blinkit launches 10-minute ambulance service, aims to expand to major cities in 2 years – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/blinkit-launches-10-minute-ambulance-service-aims-to-expand-to-major-cities-in-2-years/article69054267.ece The service, bookable via the Blinkit app, starts with five ambulances equipped with life-saving equipment and staffed by trained personnel, including a paramedic,
👍👍👍👍👍👍👍NRI-Reassessment proceedings quashed as order passed u/s. 148A(d) was non-speaking: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/reassessment-proceedings-quashed-order-passed-u-s-148a-d-non-speaking-itat-delhi.html Reshma Kamal Abichandani Vs ACIT (ITAT Delhi) ITAT Delhi held that order passed u/s. 148A(d) is non-speaking since AO failed to provide adequate
👍👍👍👍👍👍👍Madras HC Issues Orders on Section 148 Notices and Faceless Assessment
Clipped from: https://taxguru.in/corporate-law/madras-hc-issues-orders-section-148-notices-faceless-assessment.html Mark Studio India Private Limited Vs ITO (Madras High Court) In a significant ruling, the Madras High Court addressed several procedural aspects of
Budget: Experts push for higher health, edu fund, duty cuts on cancer care | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/budget-experts-push-for-higher-health-edu-fund-duty-cuts-on-cancer-care-124123000868_1.html A key demand discussed in the meeting was the reduction of customs duty and other levies on the import of radiation machines used
Private banks masking worsening retail asset quality with write-offs: RBI | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/private-banks-masking-worsening-retail-asset-quality-with-write-offs-rbi-124123000916_1.html The GNPA ratio for unsecured lending was marginally higher, at 1.7 per cent While the banking system’s overall asset quality continues to improve,
RBI flags risk to secured loans from slippages in smaller personal loans | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/rbi-flags-risk-to-secured-loans-from-slippages-in-smaller-personal-loans-124123000827_1.html The RBI noted that first defaults are predominantly observed in unsecured advances The increase in household debt is primarily driven by a growing
NBFCs’ loan growth moderates significantly to 6.5% in H1FY24: RBI report | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/nbfcs-loan-growth-moderates-significantly-to-6-5-in-h1fy24-rbi-report-124123000936_1.html The corporate bond market remains a significant funding avenue for NBFCs, which are the largest issuers of bonds, with private placement being the
Confidence is high, outlook is bright: RBI Guv Malhotra on economy | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/indian-economy-prospects-expected-to-improve-says-rbi-guv-sanjay-malhotra-124123000585_1.html But stress tests show GNPA ratio of banks may rise under baseline scenario This marks Malhotra’s first commentary on the economy since taking
Stress in microfinance sector doubles in April to September period: RBI | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/stress-in-microfinance-sector-doubles-in-april-to-september-period-rbi-124123000923_1.html Earlier, the RBI had warned that some NBFCs, including MFIs, were adopting a “growth-at-any-cost” approach and cautioned that regulatory action would be taken
Crypto assets can negatively impact financial stability, says RBI report | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/crypto-stablecoins-can-impact-macroeconomic-financial-stability-rbi-124123000845_1.html The banking regulator emphasised the potential consequences of the widespread adoption of crypto-assets and stablecoins on an economy In India, homegrown crypto majors
Rupee set to extend recovery on RBI-motivated dollar-long liquidation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rupee-set-to-extend-recovery-on-rbi-motivated-dollar-long-liquidation/article69041965.ece The RBI has been intervening to slow the pace of rupee’s decline, although its dollar sales have been a big factor in driving
Weak Rupee makes Indian stocks a tough sell – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/weak-rupee-makes-indian-stocks-a-tough-sell/article69042003.ece The rupee’s continued slide to record lows is making Indian shares less appealing to foreign investors in the near term It looks like
Over three years, health insurance claims rise 30% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/over-three-years-health-insurance-claims-rise-30/article69042035.ece The most common conditions leading to claims include fever (seasonal diseases), gastritis, heart disease, diabetes and cancer; the share of claims of younger
DFS, GIC and LIC pitches for GST rate rejig on insurance premia but with ITC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/dfs-gic-and-lic-pitches-for-gst-rate-rejig-on-insurance-premia-but-with-itc/article69042122.ece Input Tax Credit (ITC) helps insurance companies lower their cash outgo for tax payment, which in turn helps the balance sheet As the