Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/will-transfer-rs-2-2-lakh-crore-npas-to-bad-bank-financial-services-secretary/articleshow/80701298.cmsSynopsis Financial services secretary Debasish Panda is responsible for implementing some of the key measures – from privatising two banks and a general insurer
Category: Legal
Common Customs Electronic Portal: Government plans to launch Common Customs Electronic Portal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/foreign-trade/common-customs-portal-in-works/articleshow/80693555.cms Synopsis–The proposed portal will facilitate registration, filing of bills of entry, shipping bills, payment of duty, and viewing and response to show cause
Faceless assessment bucket has 2 lakh cases; 35,000 completed: CBDT chief – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/faceless-assessment-bucket-has-2-lakh-cases-35000-completed-cbdt-chief/articleshow/80707059.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Calling the faceless assessment scheme of cases brought under scrutiny a step towards ensuring “better” taxpayer services, the top-ranking officer said the necessity
Taking a loan against credit card? Here is what you should be aware of – The Financial Express
Clipped from: https://www.financialexpress.com/money/taking-a-loan-against-credit-card-here-is-what-you-should-be-aware-of/2188791/ Even though various banks and credit card providers offer top-up loans to individuals against their credit cards, however, one needs to have a
labour: Budget 2021: FM races to fix flaws in labour model – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/budget-2021-fm-races-to-fix-flaws-in-labour-model/articleshow/80699369.cmsSynopsis The Finance Minister Nirmala Sitharaman’s first post-Covid budget had several measures to bring the unorganised working class into the mainstream economic fold. Thanks
One nation one ombudsman: RBI to integrate consumer grievance redressal | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/one-nation-one-ombudsman-rbi-to-integrate-consumer-grievance-redressal-121020500534_1.html There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present The Reserve
‘MSMEs’ flawed belief of being too small to be attacked is root cause for ignorance of cyber security’ – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-tech-msmes-flawed-belief-of-being-too-small-to-be-attacked-is-root-cause-for-ignorance-of-cyber-security/2187848/ Technology for MSMEs: Attackers realize that with large scale technology adoption in the SME sector, the focus and awareness on security hasn’t reached
Disregard the miscreants, take the reforms forward – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/disregard-the-miscreants-take-the-reforms-forward/2188240/ The farmers must gracefully accept the Govt’s offer of further talks, while the PAnel set up by the SC continues deliberations with farmer
IBC mechanism needs structural changes to expedite faster resolution of companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/only-structural-changes-in-ibc-mechanism-can-help-to-expedite-the-faster-resolution-of-companies/articleshow/80478370.cmsSynopsis The structural reforms needed are an increase in the number of benches, outsourcing of administration function to a specialized agency, clarity on the
FM does away with the need for GST Audit for a section of taxpayers–the economic times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/budget-2021-fm-does-away-with-the-need-for-gst-audit-for-a-section-of-taxpayers/articleshow/80681164.cms SynopsisThis will bring relief to SMEs that are struggling with the requirement for audits under numerous laws. A least expected yet positive development
Working to change people’s perception about I-T dept to being ‘tax facilitators’ : CBDT chief – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/working-to-change-peoples-perception-about-i-t-dept-to-being-tax-facilitators-cbdt-chief/articleshow/80688047.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Central Board of Direct Taxes (CBDT), the apex decision making body in matters of income tax, has taken up various taxpayer-friendly moves, including
FinMin to clarify on residency status of NRIs stranded in India this fiscal due to Covid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/finmin-to-clarify-on-residency-status-of-nris-stranded-in-india-this-fiscal-due-to-covid/articleshow/80687681.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis There were expectations that the government would clarify on the residency status of these individuals in the 2021-22 Budget, which was presented on
Consequences of delaying the Future-Reliance deal will be “far greater”, says Future Retail – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/consequences-of-delaying-the-future-reliance-deal-will-be-far-greater-says-future-retail/articleshow/80690315.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The court was hearing Future Retail’s plea against its single judge order directing the company to maintain status quo on its Rs 24,713
SEBI ban on Kishore Biyani, others won’t sway Reliance deal, says Future Retail–busienss today
Clipped from: https://www.businesstoday.in/current/corporate/sebi-ban-on-kishore-biyani-others-wont-sway-reliance-deal-says-future-retail/story/430295.html Future Retail Ltd (FRL), in a late-night regulatory filing on Wednesday, February 3, said the order “will have no impact on the ongoing
Hackers build fake version of WhatsApp to extract sensitive info from iPhone users
Clipped from: https://www.businesstoday.in/technology/news/hackers-build-fake-version-of-whatsapp-to-extract-sensitive-info-from-iphone-users/story/430290.html A website with domain config5-dati[.]com was telling iPhone users to download the fake WhatsApp app which was not actually a mobile application but
SEBI ban on Kishore Biyani, others won’t impact deal with Reliance: Future Retail – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-ban-on-kishore-biyani-others-wont-impact-deal-with-reliance-future-retail/articleshow/80685675.cmsSynopsis In a separate statement, Future Corporate Resources Pvt Ltd (FCRPL) said the SEBI order “has taken care to exclude dealings in securities under
Kishore Biyani barred from accessing securities market in insider trading case – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/sebi-bars-future-group-ceo-kishore-biyani-from-accessing-securities-market-for-1-year/articleshow/80670987.cmsSynopsis Kishore Biyani won’t be allowed to buy, sell or deal in securities of Future Retail for two years. MUMBAI: India’s market regulator on Wednesday barred Future
MCA initiates decriminalisation of LLP Act – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/mca-initiates-decriminalisation-of-llp-act/articleshow/80671734.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government will decriminalise 12 compoundable offences under the Act and will omit section 73, which relates to penal provisions in case of
Sebi bans Kishore Biyani, others from securities market for one year for indulging in insider trading – The Financial Express
Clipped from: https://www.financialexpress.com/market/sebi-bans-kishore-biyani-others-from-securities-market-for-one-year-for-indulging-in-insider-trading/2187203/ Apart from Kishore Biyani, who was the CMD and promoter of Future Retail Ltd (FRL), others facing ban are Future Corporate Resources Pvt
India can now create Aatmanirbhar secured internet | Deccan Herald
Clipped from: https://www.deccanherald.com/business/technology/india-can-now-create-aatmanirbhar-secured-internet-947156.html The DoT had released the first and second roadmap to roll out IPv6 addresses in the country in 2010 and 2012 With over
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