Highlights By our own estimates, fiscal deficit could go up to about 3.7% of GDP and on the back of this fear, we had the
Category: News of interest
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Economic slowdown due to structural changes: Amit Mitra – The Economic Times
The collapse of IL&FS crippled the NBFC sector which is now facing huge liquidity crunch. West Bengal Finance Minister Amit Mitra on Monday said that the current
Beware dollar glut, not fiscal deficit–Economic Times
Finance minister Nirmala Sitharaman has ruled out any expenditure cuts following the recent tax giveaways. This is welcome. Lower spending would be the wrong policy
Coming soon: Alibaba and Amazon like ecommerce platform for MSMEs – Creating a launchpad | The Economic Times–
Creating a launchpad Aimed at providing a launchpad to country’s MSMEs to tap foreign markets, the MSME ministry is set to unveil an ecommerce platform
Government expects Rs 40,000 crore GST shortfall – The Economic Times
The government is expecting a shortfall of around Rs 40,000 crore in the GST collections over what has been budgeted for 2019-20. This could put pressure on
Structural reforms in agri,exports must to revive growth: Amitabh Kant – The Economic Times
WASHINGTON: Call it the art of the minideal. The Trump administration is on the cusp of announcing a new trade deal with India, potentially within the next
***Need ED’s satisfaction over dues payments made by Sterling promoters: NCLAT – The Economic Times
The NCLT had also raised questions over the manner in which lenders of Sterling Biotech had agreed to settle their claims with the absconding promoters.
Govt nudge to MSMEs to save energy: Guidelines, knowledge portal launched for small businesses – The Financial Express–
Ease of doing business for MSMEs: In order to encourage and make MSMEs aware of adopting energy efficiency measures, MSME Minister Nitin Gadkari along with Power
Supreme Court judgments led to around 23,00,000 job losses: FIMI – The Financial Express
Taking cognisance of illegal mining, the Supreme Court had in 2011 stopped mining in 188 leases in Karnataka. Echoing eminent lawyer Harish Salve’s reported view
Corporate tax rate cut may not help much to boost economy; Macquarie tells what govt could have done – The Financial Express
The economic growth has fallen to a six-year low of 5 per cent in the June quarter of fiscal year 2020. Even as the government
***Amtek: Supreme Court to hear IBBI plea for criminal proceedings against UK’s Liberty House – The Financial Express
However, senior counsel Mukul Rohtagi and counsel Mahesh Agarwal opposed the IBBI’s request to initiate criminal proceedings against the firm. The Supreme Court on Monday
***Sterling Biotech promoters to pay Rs 3,100 crore to lenders – The Financial Express
It had the backing of 90.32% voting share of the CoC though. The fugitive promoters of Sterling Biotech will pay back the entire Rs 3,100
***Relief for McLeod Russel: NCLT modifies status quo order on company’s assets – The Financial Express
The status quo will remain on selling of tea gardens. Providing some relief to debt-laden McLeod Russel, the Kolkata Bench of the National Company Law
***Somany PF challenges at NCLAT sales of IL&FS Wind Energy assets at Orix Corporation – The Financial Express
According to IL&FS, provident and pension funds have an exposure of Rs 9,134 crore to its papers Somany Provident Fund Institution on Monday challenged the
***Now MSMEs can get loans from SBI with interest rate linked to RBI’s repo rate – The Financial Express–
Credit and Finance for MSMEs: Following the Reserve Bank of India’s (RBI) decision earlier this month asking banks to link new floating-rate loans to retail and
After the tax cut | Business Standard Editorials
Union Finance Minister Nirmala Sitharaman surprised everyone on Friday by slashing the corporate tax rate. Indian companies not availing of any exemption can now pay 22 per cent tax.
From consumer law to pre-deposit rule, here’re the key court orders | Business Standard Column
Tenant cannot squat on secured asset The right of a tenant in a flat, which was mortgaged by a defaulting landlord-borrower, came up in the
Preparing for GST audit: Taxpayers face penalty up to 0.25% of turnover | Business Standard Column
The GST laws provide for a mandatory audit to be carried out by every GST registered taxpayer whose turnover during a financial year surpasses Rs 2 crore.
From arbitration to pre-deposit rule, here’re the key court orders | Business Standard News
Pager is dead, long live the litigation The last beep from a pager was heard about six years ago and India was one of the
Post-sale discount under GST: A clear position may help boost festive sales | Business Standard News
Readers may accuse me of hyperbole, but from my vantage point, it appears that never has removal of certain ambiguities/errors in tax laws been so
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