With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans,
Category: News of interest
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Be careful when you file GST! This error can lead to a fine–Business Today
The government on Monday clarified that it is the responsibility of the taxpayer to ensure that they do not claim more than 20 per cent
Indian economy currently facing challenges, says Nirmala Sitharaman – The Financial Express
Finance Minister Nirmala Sitharaman on Sunday unveiled a book on global finance, and said it suggests solution for challenges that the world and Indian economy
Fighting slowdown: How economy can expect resurgence by handholding high-potential young enterprises – The Financial Express
By Apoorv Ranjan Sharma Past few months have been months to forget for the Indian economy. The rupee became the worst-performing currency in Asia this month,
e-invoicing: E-invoicing to be introduced on a voluntary basis: here’s what you should know – The Economic Times
By Archit Gupta The GST Council has proposed that the electronic invoicing (e-invoice) system may be implemented on a voluntary basis from January 2020. Until now, there have been
A little too moody to be realistic–Economic Times
Global rating agency Moody’s has changed its outlook for the Indian economy to ‘negative’ from ‘stable’ while reaffirming its current long-term sovereign rating at Baa2,
RCEP outcome shows our lack of confidence | Business Standard Column
Our government’s decision to stay out of the Regional Comprehensive Economic Partnership (RCEP) has drawn near-unanimous support from political parties and organisations representing farmers, traders
From cheque bounce to medical trademark, here’re the key court orders | Business Standard Column
Warring public entities sent to new forum Commercial litigation among central public sector enterprises (CPSEs) and various government departments/organisations see no end. This was evident last week
Realty revival: IBC, Rera may need tweaking for booster shot to take effect | Business Standard Column
Last week the government administered a Rs 25,000-crore booster shot to rescue the real estate sector by approving a “Special Window” fund or an alternative
Surveyors oppose hike in limit for self-assessment–Deccan Chronicle
The association of independent surveyors is opposing the increase in the proposed limits for self-assessment of damage by the insurance regulator and wants these limits
NCLT directs to initiate insolvency proceedings against AVP Buildtech–Business Today
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Delhi-based real estate firm AVP Buildtech Ltd by admitting a plea of
Slip is showing: Moody’s downgrade of India’s economic outlook should be a wake-up call that triggers structural reforms
On the eve of the third anniversary of demonetisation, credit rating agency Moody’s Investors Service changed the outlook on the Indian government’s ratings from stable
मूड आणि मूडीज् | Loksatta
संथ अर्थगतीला उभारी देण्यासाठी सरकार केवळ पुरवठावाढीचे उपाय करीत आहे. वास्तविक, वाढायला हवी ती मागणी आणि त्यासाठी सरकारी उद्योगांऐवजी अन्यत्र लक्ष द्यावे लागेल.. पौर्णिमेचा चंद्र
Deeply wounded economy needs more than band-aid | Deccan Herald
The much-awaited July-September economic growth numbers are due later this month. The world’s fastest-growing major economy is feared to be slipping behind China again. All
Kwality insolvency: Lenders reject Haldiram’s Rs 142-cr bid; snacking firm knocks NCLT door
Lenders of Kwality Ltd have rejected the Rs 142 crore bid of Delhi-based Haldiram Snacks, which emerged as the sole bidder to acquire the debt-ridden
CJI Ranjan Gogoi: The man who settled India’s longest-running dispute – The Economic Times
I have never witnessed a Chief Justice of India speaking his mind in quite the way that Ranjan Gogoi did last week. The occasion was the book
Amrapali, Unitech & Jaypee Infratech homebuyers left out from FM’s Rs 25,000 crore booster – The Economic Times
More than 75,000 homebuyers of Amrapali, Jaypee InfratechNSE 3.70 % and UnitechNSE 8.33 % in the National Capital Region are unlikely to be eligible for support from the Rs 25,000
Dedicated govt fund for MSMEs will spur sector’s growth: PHDCCI chief | Business Standard News
D K Aggarwal, chief, PHD Chamber of Commerce \Lack of access to finance and the subsequent liquidity crunch that micro, small and medium enterprises (MSMEs)
Another sign of economic slowdown: India’s power need shrinks for 3rd month | Business Standard News
India’s electricity demand declined for the third straight month, another indication of an economic slowdown that seems to be deepening. Electricity demand from distribution utilities
Will Nirmala Sitharaman’s mid-term measures address the economic slowdown?–Business Today
A month after the finance minister Nirmala Sitharaman presented Budget 2019, she is back with a rollback, frontloading capital for public sector banks (PSBs), loan