Category: News of interest

In a landmark ruling, the appellate tribunal on matters related to the Prevention of Money Laundering Act has ruled that Enforcement Directorate cannot claim rights over assets

Repeating past mistakes | Business Standard Editorials

One of the well-acknowledged policy mistakes in the initial decades after gaining independence was Indian policymakers’ fascination with protection of domestic industries via high import tariffs. Far

Wanted: Better trade policies | Business Standard Column

Over the past couple of years, two major economic reforms have taken off (though both may be considered as works in progress): the transition to

The result of Dilip Kumar judgment is the assessee will end up paying for the ambiguity created by the Revenue – The Financial Express

In case of such ambiguity ‘close reasoning’ will be employed—but without stretching the language to arrive at the only reasonable construction. In a judgment with

Explained: The impact of US tax reforms on Indian businesses – The Financial Express

The Tax Cuts and Jobs Act enacted by the US on December 22, 2017, is the most significant direct tax reform in the world in

Supreme Court warns Amrapali group not to play smart with court – The Financial Express

Supreme Court warns Amrapali group not to play smart with court industry Don’t play smart or we will render you homeless, the Supreme Court today

Can’t allow late NCLT bids; this vitiates the bidding process, tribunals must rule against it – The Financial Express

It is indeed a pity that Tata Steel needed to knock on the doors of the Supreme Court to protest against the tribunals entertaining late

India can be the engine of global growth for decades, says IMF – The Hindu BusinessLine

India will be an engine of growth for the global economy for the next few decades and it could play the role China did for

Government may clip wings of wilful defaulters soon – The Economic Times

India may stop wilful defaulters with loans exceeding Rs 50 crore from travelling overseas without prior approval as part of a crackdown on promoters looking to leave

Let banks defend bonafide employees

Banks are reportedly planning to defend their existing and retired employees when they are hounded by investigating agencies. Legal and financial support to bonafide bankers

Fiscally irresponsible: Crowding-in or crowding out? – The Financial Express

The rising ten-year benchmark yield, a reference for banks to price loans, is attracting much concern. Some note that the 10-year yield is significantly higher

High Court to hear insolvency cases in power sector, says Supreme Court | Business Standard News

RBI took a tough stance against a special dispensation to the power industry, saying this would invite similar representations from other sectors and lead to

Leadership void at PSU banks with 10 banks headless by this month end – The Economic Times

Since April this year, there has been vacancies for the CEO’s post at Andhra Bank, Dena Bank and Punjab & Sind Bank. Seven government-owned banks

PM urgently needs to focus on trade policy | Business Standard Column

Central bankers are not loose cannons. What they say matters. So what did RBI governor Urjit Patel quite mean when he warned against trade wars

All you wanted to know about… – OPINION – The Hindu BusinessLine

Central bankers are not loose cannons. What they say matters. So what did RBI governor Urjit Patel quite mean when he warned against trade wars

Undeclared NPAs in FY18 still at Rs 3 lakh crore – The Economic Times

There are over Rs 3 lakh crore worth of undeclared non-performing assets in the books of banks as of March 2018. These are by borrowers who have defaulted to

Project Sashakt: PSBs will need Rs 1.3 trn to tackle bad loans, says panel | Business Standard News