Clipped from: https://www.businesstoday.in/industry/banks/story/rbi-drops-profitability-benchmark-for-declaring-banks-as-weak-under-its-pca-framework-311168-2021-11-02 According to RBI’s new guidelines, capital, asset quality, and leverage will be the three key areas for monitoring in the revised framework. The
Category: ART
Indian stainless steel Industry: Present tense, future uncertain – BusinessToday
Clipped from: https://www.businesstoday.in/opinion/columns/story/indian-stainless-steel-industry-present-tense-future-uncertain-311274-2021-11-03 Indian Stainless-steel industry is just coming out of the COVID-related disruptions and the pent-up demand, signalling a upcycle, are positive signs. Indian stainless
CBDT notifies e-settlement scheme for taxpayers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-notifies-e-settlement-scheme-for-taxpayers/articleshow/87498231.cmsSynopsis The relief was given to taxpayers who were eligible to file application as on January 31, 2021, but could not file the same
Squid Game cryptocurrency: From $2,800 to zero in 5 minutes: How investors lost millions in cryptocurrency inspired by ‘Squid Game’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/from-2800-to-zero-in-5-minutes-how-investors-lost-millions-in-cryptocurrency-inspired-by-squid-game/articleshow/87501855.cmsSynopsis Squid’s crash highlights the regulatory gaps over cryptocurrencies, as government agencies and private firms rush to get a grip on the volatile yet
India needs a judicial corps: All-India cadre can tackle dearth of judges – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-needs-a-judicial-corps-all-india-cadre-can-tackle-dearth-of-judges/2362154/ Successive Union governments have failed to enact an appropriate Bill that sets the contours of an AIJS, faced with stiff opposition from states
Pratip Chaudhuri’s arrest: New rules say police needs prior nod to act against PSU officials – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pratip-chaudhuris-arrest-new-rules-say-police-needs-prior-nod-to-act-against-psu-officials/articleshow/87497769.cmsSynopsis The Department of Personnel & Training circular, published about a couple of months ago and after the arrest of Bank of Maharashtra executives
Monetisation scheme: Easier norms soon to woo gold depositors – The Financial Express
Clipped from: https://www.financialexpress.com/economy/monetisation-scheme-easier-norms-soon-to-woo-gold-depositors/2362214/ These are among the proposals being considered by the finance ministry before it finalises the next set of changes to the monetisation scheme
Stressed asset sales should take place earlier: RBI report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/stressed-asset-sales-should-take-place-earlier-rbi-committee-report/articleshow/87492225.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The RBI-appointed committee also recommended that the minimum net owned funds requirement for asset reconstruction companies should be doubled to two billion rupees.
Rural development ministry ties up with Flipkart to sell products made by artisans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/rural-development-ministry-ties-up-with-flipkart-to-sell-products-made-by-artisans/articleshow/87490167.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Under the mission, poor women from different cross-sections of class and caste form into SHGs and their federations, providing financial, economic and social
Centre holds back cabinet note to amend drugs act amid debate – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/centre-holds-back-cabinet-note-to-amend-drugs-act-amid-debate/articleshow/87497720.cmsSynopsis The draft bill is learnt to have proposed imposing a fine for first offences, mandatory community/social work for second offences and imprisonment for
Aye, aye captain: Virat Kohli goes to bat against discrimination based on religion. Team spirit has no room for it
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/aye-aye-captain-virat-kohli-goes-to-bat-against-discrimination-based-on-religion-team-spirit-has-no-room-for-it/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
Small, medium issue: Economic recovery gaining steam. But low-income groups’ demand & MSMEs are concerns
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/small-medium-issue-economic-recovery-gaining-steam-but-low-income-groups-demand-msmes-are-concerns/TOI Edit Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of
The Supreme Court is walking the talk on citizens’ rights–Rekha Sharma writes: INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/supreme-court-citizen-rights-pegasus-7603219/ Rekha Sharma writes: The Pegasus order upholding the individual’s right to a life of dignity and privacy, is music to the ears of
Chaudhuri arrest case: Alchemist ARC accuses loan defaulters of complicity | Business Standard News
lipped from: https://www.business-standard.com/article/finance/chaudhuri-arrest-case-alchemist-arc-accuses-loan-defaulters-of-complicity-121110101427_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Says former SBI chief’s arrest was based on protest petition filed by erstwhile directors of Hotel Gaudavan; non-bailable warrants were issued without any
Auto finance to rebound only by next fiscal mid: Cholamandalam Investment | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/auto-finance-to-rebound-only-by-next-fiscal-mid-cholamandalam-investment-121110201614_1.html Sees demand rising but no big bang, says multiple issues affecting disbursement growth such as second Covid wave and chip shortage With longer
e-commerce: Coping with cyber criminals during the festive season – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/security-tech/security/coping-with-cyber-criminals-during-the-festive-season/articleshow/87479392.cmsSynopsis The pandemic has led to increased acceptance of e-commerce platforms and digital payments, which has presented even more avenues to cyber criminals to
Former SBI chairman Pratip Chaudhuri’s arrest: Bankers shocked over ‘high-handed’ move – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/former-sbi-chairman-pratip-chaudhuris-arrest-bankers-shocked-shock-over-high-handed-move/articleshow/87476302.cmsSynopsis There was reportedly no notice or formal summons in a decade-old soured-loan case which has shaken the banking sector, stoking concerns the incident
$158 billion finance gap for India’s 15M women MSMEs, 66% don’t have bank account: IFC’s Qamar Saleem – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/158-billion-finance-gap-for-indias-15m-women-msmes-66-dont-have-bank-account-ifcs-qamar-saleem/2357938/ Credit and Finance for MSMEs: The finance gap is largest for the women-owned ‘very small enterprises’ (WVSE) segment in India, which according to
India needs a PLI for steel – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/india-needs-a-pli-for-steel/2361464/ Sino-Indian tensions telling on Indian iron-ore exports, PLI can catalyse domestic value addition The fortunes of the Indian producers in terms of exports
I-T dept rolls out new AIS for taxpayers – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/i-t-dept-rolls-out-new-ais-for-taxpayers/2361418/ “The derived information in TIS will be used for pre-filling of Return (pre-filling will be enabled in a phased manner),” the department said.
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