In a significant ruling, the Supreme Court has held that failure to repay a loan is not a criminal offence unless there is a fraudulent
Category: News of interest
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IBC brings down NPAs, says top Govt official – The Hindu BusinessLine
There has been a reduction in the addition of fresh NPAs over the last two years due to the implementation of the Insolvency and Bankruptcy
Need to work on access to finance for smaller firms says CEA – The Hindu BusinessLine
The proportion of credit that has flown to larger firms in Indian economy has increased from 69 per cent to 82 per cent between 2007
The Aadhaar ordinance raises serious constitutional concerns | columns | Hindustan Times
The Union Cabinet on February 28, 2019, gave its approval for promulgation of an ordinance that would allow voluntary use of Aadhaar as identity proof
शिस्तीचा अधिकारी – श्री संजय बर्वे –महाराष्ट्र टाइम्स
शिस्तीचा अधिकारी कडक शिस्तीचे संजय बर्वे मुंबईचे बेचाळिसावे पोलिस आयुक्त आहेत. सुबोध जयस्वाल पोलिस महासंचालक होणार हे निश्चित झाल्यानंतर बर्वे आणि अपर पोलिस महासंचालक परमवीर सिंह यांच्या
Jet Airways founder Naresh Goyal agrees to step down as chairman: Source – The Economic Times
Naresh Goyal agrees to step down as chairman of Jet Airways Beleaguered Jet AirwaysNSE -0.36 %‘ Chairman Naresh Goyal has agreed to step down as the lenders gear
Reduction in GST rate leads to a drop in price? Real estate a test case for broader changes – The Economic Times
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
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