The Gujarat High Court verdict in the Essar Steel case sanctifies the IBC process and strengthens the hands of lenders Counter-intuitive as it might
Author: Anil R Tikotekar
Canara Bank Q1 profit up 10% | Business Line–20.07.2017
Aided by lower deposit costs, improvement in interest & non-interest incomes Reduction in cost of deposits and improvement in net interest income and non-interest income
‘India’s economy set to reclaim top spot for growth this year’ | Business Line–20.07.2017
Having been in the offing for close to two decades, the goods and services tax (GST), which the government touts as the biggest domestic tax
[Income Tax Evasion–]Mission clean up | Business Line–20.07.2017
While the Central Board of Excise and Customs is busy issuing Notifications and Circulars in a bid to clear the confusion over various provisions of
Cement majors put up a strong show in June quarter | Business Line–20.07.2017
The stock prices of the top two cement players — ACC and UltraTech Cement — were down marginally post announcement of their results. However, both
UltraTech Cement plans to raise ₹9,000 cr for funding capex, reduce debt | Business Line–20.07.2017
Cement major will be investing ₹2,200 cr on de-bottlenecking projects UltraTech Cement, an Aditya Birla group company, plans to raise ₹9,000 crore through issue of
Aadhaar card: Supreme Court hints it could plump for privacy – The Financial Express–19.07.2017
The regular bench hearing the Aadhaar cases will subsequently decide every challenge to scheme in due course on a case-to-case basis, the apex court said.
Social security for poor: Insurance schemes PMJJBY for life, PMSBY for accident cover great ideas, but Centre ends up paying bill – The Financial Express–19.07.2017
As compared to Rs 100 per Rs 1 lakh of personal accident cover from non-life insurers, the PMSBY charges a mere Rs12 per year for
India’s digital economy to be $1 trillion in 5-7 years: Ravi Shankar Prasad – The Financial Express–19.07.2017
Union IT Minister Ravi Shankar Prasad on Tuesday said India’s digital economy is going to be $1 trillion in the next 5-7 years from the
Bad loan crisis: Crackdown by banks sends borrowers scrambling to offer solutions – The Financial Express–19.07.2017
A large number of these borrowers are from the steel, power and telecom sectors. (Reuters) Indian banks are beginning to spot a welcome change in
GST impact on cigarettes: ITC stock falls most in 25 years, market cap plunges by Rs 50,000 cr – The Financial Express–19.07.2017
The government is expected to earn about Rs 5,000-crore additional revenue through the increased cess.(Reuters) The share price of ITC on Tuesday fell the most
Aadhaar, PAN, bank account linking: Here is why you must complete the linkage – The Financial Express–19.07.2017
One of the first targets of Aadhaar was the mobile number. As a standalone document Aadhaar was just a proof of identity, but it
GST impact on employees: How employer, staff relationship has got complicated – The Financial Express–19.07.2017
GST law clearly states that GST would be payable if there is a supply of free goods or services to an employee exceeding the sum
Arvind Panagariya says India’s GDP may rise to $8 trillion in next 15 years, could eliminate poverty entirely – The Financial Express–19.07.2017
India’s GDP could rise to about $8 trillion over the next 15 years if the country registers an economic growth of 8 per cent annually
Fake currency of Rs 11.23 crores face value detected post demonetisation – The Financial Express–19.07.2017
Fake currency having face-value of over Rs 11.23 crore was detected in 29 states post demonetisation, the government informed Parliament today. In a written reply
GST impact: New tax regime to be positive for auto, retail; negative for SMEs, says Fitch Ratings – The Financial Express–19.07.2017
New indirect tax regime GST is likely to be beneficial for auto, cement and organised retail sectors, but will have a negative impact on oil
Current Account Deficit to widen to 1.3 percent of GDP in 2017: Nomura – The Financial Express–19.07.2017
According to the Japanese financial services major, import demand is expected to resume once GST disruptions settle down after July.”We expect India’s CAD to widen
IIP growth: Why banks have to rework strategies, make capital available – The Financial Express–19.07.2017
The industrial growth number for May is quite disappointing as it does indicate that there are still few signs of the expected economic turnaround. Add
For real financial inclusion, JAM is important, but here is why focus should be on reforming PSBs – The Financial Express–19.07.2017
Financial inclusion is an important aspect of financial development. Uneven and narrow financial development can hamper overall economic progress, whereas a broad and vibrant financial
E-commerce to get bigger focus at RCEP talks | Business Standard News–19.07.2017
Discussions on e-commerce is expected to have a significantly bigger footprint than earlier at the 19th Regional Comprehensive Economic Partnership (RCEP) negotiations, which was inaugurated