For builders, complexity around another change in tax rules is something they will have to deal with. When the rate of tax comes down, the
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With upper hand, India holds the key–Economic Times
India has conclusively gained the upper hand in its move to punish Pakistan for harbouring the terrorists who killed 42 Indian security personnel at Pulwama
Now, a policy to protect bank locker – The Economic Times
IFFCO Tokio General Insurance Company today announced the launch of Bank Locker Protector Policy to protect the contents of a bank locker such as jewellery and other valuables. The policy
Canara Bank loan for Bank of India, Union Bank employees – The Economic Times
Kolkata: State-owned lenders Bank of India and Union Bank of IndiaNSE 2.21 % appear to have made arrangements with Canara BankNSE 0.11 % to provide collateral-free loans to their respective employees,
IL&FS sees management collusion, fraud in IFIN’s bad loans – The Economic Times
The government-appointed board of IL&FS is planning to initiate criminal proceedings against several defaulters of IL&FS Financial Services (IFIN), charging them of colluding with the
PSBs–Beyond PCA | Business Standard Editorials
The Reserve Bank of India on Tuesday took three more commercial banks out of the prompt corrective action (PCA) framework, thus opening up the possibility
Policy to merge state-owned banks will continue, says Arun Jaitley | Business Standard News
The Narendra Modi government will continue to follow a policy of amalgamating public sector banks to create a few but giant state-owned lenders which are
GST: Govt detects Rs 20,000 cr GST evasion in April-Feb FY’19–Economic Times
urrently, GST has 4-tier slab of 5, 12, 18 and 28 per cent, while essential items are zero rated. The government has detected Rs 20,000
Universal Basic Income: Why Universal Basic Income is a bad idea–Economic Times
A UBI offering even poverty-line income will cost maybe 10% of GDP, and the entire net revenue of GoI is barely 8% of GDP. Ten
A patchwork approach to GST problems – The Hindu
Transparency and simplicity in the tax regime are casualties of the GST Council’s recent decisions It has the best intentions, but the Goods and Services
Counter strike: Responsive & responsible–Economic Times
India has hit back at Pakistan for the terror attack at Pulwama that killed more than 40 Indian paramilitary personnel. India’s air strike within Pakistani
RCom-Ericsson case: Investors oppose Anil Ambani-led firm’s plea to use IT refunds to settle dues at NCLAT – The Financial Express
Financial creditors of the debt ridden Reliance Communications Wednesday opposed its plea to release the Income tax refunds to clear dues of Ericsson before the
Recapitalisation not enough, PSU banks need Rs 1.64 lakh crore to deal with future losses – The Financial Express
Government’s latest capital infusion of Rs 48,239 crore in PSU banks announced on 21 February 2019 may not be sufficient to support significantly stronger lending
Decoding the Ordinance on unregulated deposit schemes – The Hindu BusinessLine
The recently-promulgated Banning of Unregulated Deposit Schemes Ordinance 2019 ruffled a few feathers with news reports and legal experts expressing concerns over how the ordinance
Demonetisation | Note Ban: Demonetisation 2.0? New rule to regulate deposits may hurt many–Economic Times
Acceptance of unregulated deposits could trigger attachment and freezing of assets and even imprisonment. Highlights ‘The Banning of Unregulated Deposit Schemes Ordinance, 2019’ was notified
Targeted Budget: April-January fiscal deficit at 121.5% of full-year target–Economic Times
India’s April-January fiscal deficit touched Rs 7.7 lakh crore ($108.36 billion). Fiscal deficit touched 121.5 per cent of the full-year revised target of Rs 6.34 lakh
MSMEs present an additional $70 bn lending opportunity to banks – The Economic Times
In January, the Reserve Bank had announced restructuring of MSME accounts under Rs 25 crore that have become stressed. The micro, small and medium enterprises
Taxman agrees GST evasion by builder can’t be tackled – The Financial Express
Given how the real estate sector is such a big source of black money, it is unfortunate that the GST Council has opted for this
Insolvency process: Manoj Gaur offers to clear Jaypee Infra dues of Rs 8,358 crore – The Financial Express
In a last-ditch effort to regain control of the insolvent Jaypee Infratech (JIL), its erstwhile promoter Manoj Gaur has offered to clear dues of financial
Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure – The Financial Express
According to estimates, the IBC has helped address stressed assets worth approximately Rs 3 lakh crore — directly or indirectly — since the new law
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