Clipped from: https://www.thehindubusinessline.com/news/national/now-another-tool-for-sbi-to-resolve-stress/article34521272.ece Bank pursuing board approval for policy framework on pre-packs, says MD State Bank of India sees the recently-introduced pre-packaged insolvency resolution process (PPIRP)
Category: Legal
With banks blindsided by Covid-19, incidence of fraud may well have gone up | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/with-banks-blindsided-by-covid-19-incidence-of-fraud-may-well-have-gone-up-121050900804_1.html RBI’s supervisory load has also gone up, with both non-banking financial companies and urban co-operative banks coming under closer scrutiny The shadow of
What happens to investments when the holder dies without nominating anyone? | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/what-happens-to-investments-when-the-holder-dies-without-nominating-anyone-121050701160_1.html Your family could face difficulties as getting a succession certificate from the court is easier said than done Image: iStock The second wave
rt pcr report: Some Indians, including well-off ones, forging negative RT-PCR reports – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/some-indians-including-well-off-ones-forging-negative-rt-pcr-reports/articleshow/82490609.cmsSynopsis Forgery of an RT-PCR test is punishable under IPC and under disaster management acts. Lawyers say IPC sections can include 419 (punishment for
Arbitration in India not only needs to be institutionalised, but also should be assuring and affordable – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-arbitration-in-india-not-only-needs-to-be-institutionalised-but-also-should-be-assuring-and-affordable/articleshow/82505262.cmsSynopsis The Supreme Court took note of this malaise in the 2009 ‘Union of India vs Singh Builders Syndicate’ case by observing that ‘…the
How to dodge QR code scamsters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/how-to-dodge-qr-code-scamsters/article34516959.ece Victims are trapped due to lack of QR code know-how, social engineering tactics of fraudsters In the backdrop of the pandemic, online/digital payments
Why you should to be wary of credit card mis-selling – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/why-you-should-be-wary-of-credit-card-mis-selling/article34517970.ece Over 28,000 complaints were received with respect to credit card mis-selling in FY20 Following the financial turmoil from the pandemic, customer interest for
Covid-19 crisis: SC orders release of prisoners to decongest jails | Deccan Herald
Clipped from: https://www.deccanherald.com/national/covid-19-crisis-sc-orders-release-of-prisoners-to-decongest-jails-983754.html It also directed the high-powered committees to consider the release of fresh prisoners Supreme Court of India. Credit: PTI File Photo The Supreme
CBIC allows import, export of goods without furnishing bonds to Customs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbic-allows-import-export-of-goods-without-furnishing-bonds-to-customs/articleshow/82479122.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis CBIC said importers and exporters will have to furnish an undertaking to the Customs authorities in lieu of the bonds till June 30.
A bit too socially restrictive, SEBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/a-bit-too-socially-restrictive-sebi/articleshow/82464311.cmsSynopsis The classification of eligible activities should be flexible, within limits. And, indeed, these should target underprivileged groups. However, there is no reason to
FPIs seek three months more to implement Sebi diktat on monitoring DRs | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/fpis-seek-three-months-more-to-implement-sebi-diktat-on-monitoring-drs-121050700973_1.html Cite legal hurdles and challenges in implementing the circular in its present form The diktat requires custodians to collect and report information on
Ask Money Today: How does Capital Gains Account Scheme work in buying a house property?
Clipped from: https://www.businesstoday.in/money/ask-money-today/ask-money-today-how-does-capital-gains-account-scheme-work-in-buying-a-house-property/story/438363.html It is required to utilise capital gains amount towards acquisition of property before filing of ITR. If you don’t, then this amount should
Insurance uncertainties, big dents on the wallet: second wave grips life in India like a constrictor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/economy-and-policy/insurance-uncertainties-big-dents-on-the-wallet-second-wave-grips-life-in-india-like-a-constrictor/primearticleshow/82411229.cms Synopsis–As India fights pandemic’s second wave, the impact has been more deep-rooted. Families’ budgets have been shaken and more unpleasant realities are coming
Data of 80% of adult Indian users compromised in last 4 years: Canalys – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/data-of-80-of-adult-indian-users-compromised-in-last-4-years-canalys/2245892/ “In last four years, at least 80% of the adult population in Bulgaria, Chile, Ecuador, India, Panama, Philippines, Qatar and Turkey have been
Income Tax: Gains from share trading taxed under business profit, file ITR 3/4 – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-gains-from-share-trading-taxed-under-business-profit-file-itr-3-4/2245835/ Separate disclosure of each source of income shall have to be made in the ITR Form, whether or not you choose to be
WB law on real estate repugnant to Centre’s RERA for having overlapping provisions: SC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/wb-law-on-real-estate-repugnant-to-centres-rera-for-having-overlapping-provisions-sc/articleshow/82392238.cmsSynopsis The constitutional principle of “repugnancy”, which primarily deals with the issue as to whether a parliamentary law or a state law would prevail
Labour Ministry notifies draft rules for recognition of negotiating council under Industrial Relations Code – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/labour-ministry-notifies-draft-rules-for-recognition-of-negotiating-council-under-industrial-relations-code/articleshow/82392628.cmsSynopsis The move, which is a major shift from the existing provision wherein multiple trade unions were allowed to negotiate with some often having
US to suspend biometric requirements for processing H4-EAD visas – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/us-to-suspend-biometric-requirements-for-processing-h4-ead-visas/articleshow/82391778.cmsSynopsis This is expected to help speed up processing times for visa extensions and employment authorisation for spouses of H-1B and L1 visa holders
health insurance policy: These health insurance policies cover home treatment costs also: Is your policy one of these? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/insure/health-insurance/these-health-insurance-policies-cover-home-treatment-costs-also-is-your-policy-one-of-these/articleshow/82381908.cmsSynopsis The domiciliary hospitalisation feature is especially useful now as many Covid-19 patients are being turned away by hospitals due to shortage of resources
All you wanted to know about Employees’ Deposit Linked Insurance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about/article34473901.ece This life insurance scheme covers all active members of the employees’ provident fund. The Employees’ Provident Fund Organisation (EPFO) recently hiked the death
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