Notwithstanding Union Finance Minister Nirmala Sitharaman’s spirited defence of the government’s economic performance on Wednesday, the fiscal position of both the Central and state governments
Category: News of interest
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Not through bonds, only cash, says C Rangarajan on banks recapitalisation – The Economic Times
Former RBI governor C Rangarajan on Friday suggested that recapitalisation of banks should be done through by infusing cash rather than issuing Bonds, as he cautioned that
DHFL: RBI files application for insolvency proceedings against DHFL – The Economic Times
The Reserve Bank of India filed insolvency proceeding against beleaguered Dewan Housing Finance Limited (DHFLNSE 4.27 %) with NCLT on Friday. “Debt moratorium on DHFL till insolvency plea has
For Innovative Fiscal Policy, Action–Economic Times
The Q2 growth numbers are remarkable in that nominal growth stands at 6.1%, about half the assumed growth rate for the economy in the Budget,
Three years on, Insolvency and Bankruptcy Code is learning from outcomes, growing stronger | The Indian Express
The recent empirical work on links between corporate bond markets and the bankruptcy system predicts that safe firms will issue bonds but higher risk firms,
Banks for speeding up DHFL debt recovery | Business News, The Indian Express
SBI Chairman Rajnish Kumar recently said many suitors are expected for DHFL as “it’s a good franchise”. With the Reserve Bank of India (RBI) taking
Government sets timeline for GST e-invoicing, trial to start January 1, 2020 – The Economic Times
The generation of e-invoice will be the responsibility of the taxpayer who will be required to report the same to IRP of GST. The Government
Big insolvency dilemma for proprietary firms; here’s what small businesses need soon – The Financial Express
By Vijay Kumar Gupta India has a strong reason to rejoice amidst the gloom pervading for the past eighteen months in the business environment. As per
GST e-invoicing to help MSMEs secure loans faster – The Financial Express
The IRP will also send the signed e-invoice to the recipient of the document on the email provided in the e-invoice. The proposed e-invoicing system
Transparency needed: RBI & EC’s concerns about the opaqueness of electoral bonds should be addressed–Times of India
The government opened up a controversial route for political funding in 2017, with the introduction of electoral bonds. Their genesis is back in the news,
SBI Caps to give report on four bidders for Anil Ambani’s RCom to CoC | Business Standard News
SBI Caps has finalised a detailed evaluation of the bids of the four companies that have offered to buy Anil Ambani’s telecom business. The report will be presented
Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020 | Business Standard News
The proposals have been discussed at the highest level in the finance ministry and are likely to find mention in the Union Budget due in
How should the government revive demand? | Business Standard Column
In the current economic slowdown, many claim that demand is the key issue that needs to be addressed. The important question that arises in this
A blueprint to revive demand and growth in the Indian economy | Opinion – analysis – Hindustan Times
Finance minister (FM) Nirmala Sitharaman, in Parliament on Wednesday, said that India will not go into recession, and that some of the blame for the
Central govt wants Reserve Bank of India to buy out NBFCs’ bad loans–Deccan Chronicle
The central government wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country’s top 25 shadow
Tax sleuths wake up to fake invoice GST racket–Deccan Chronicle
Tax sleuths across the country are girding up their loins to put checks and balances on growing cases of fake invoices in GST—fake B2B invoices
Act, don’t debate on brink of recession–Deccan Chronicle
One of the prerequisites of delivering a good public talk is the confidence of the speaker. If the speaker is confident, one half of her
States to pile up debt in slowing economy: Moody’s – The Economic Times
State governments will likely face difficulties in reducing deficits as economic growth slows and infrastructure spending continues, according to a report by credit ratings agency Moody’s.
BPO firms left in the lurch over input tax refund – The Economic Times
India’s business process outsourcing industry is in a quandary as refunds of taxes paid on inputs remain stalled for want of a clear directive from
Karvy Stock broking: Karvy scandal appears to have been almost too easy to pull off – The Economic Times
By Dhirendra Kumar Stock investors are in a tizzy because of the Karvy scandal. Equity investing in India is difficult enough without worrying about whether the