Category: News of interest

The Supreme Court today directed realty firm Jaiprakash Associates Limited (JAL) to deposit Rs 1,000 crore, in addition to Rs 750 crore already deposited, by

While Arcelor Mittal depositing the dues can be considered the first victory of IBC Section 29A, what happens to Numetal remains to be seen. Whether

Malaysia announced it would scrap the 6% GST rate, in line with the electoral promise by Prime Minister Mahathir Bin Mohamad that helped him win

A steady rise in crude oil prices and the possibility of rate hikes by the US Federal Reserve pushed the rupee to a 16-month low

The time has come for the Centre and the RBI to take tough decisions on public sector banks With the financials of stressed public sector

Essar Steel is being auctioned after the company defaulted on payment of about Rs 49,000 crore loan to lenders. VTB-led Numetal, a prominent bidder for Essar

RBI’s punishments would in effect shut down a good portion of the Indian banking sector. By Mihir Sharma India seems intent on cleaning up a banking

The world of crony capitalism in India has come to an end with the introduction of Insolvency and Bankruptcy Code (IBC), Niti Aayog chief executive Amitabh Kant said here at a

Various factors like the type of income, quantum of income, residential status of the tax payer etc. need to be considered to select the right

The Enforcement Directorate (ED) today said it has attached assets worth Rs 184.68 crore of Rajasthan-based Chartered Accountant (CA) and others in connection with its

The guidelines on Net Stable Funding Ratio (NSFR) are in line with global norms prescribed by the Basel Committee. The RBI today issued detailed NSFR guidelines to

In the current environment, therefore, where banks stand to lose a lot of taxpayer money, it is important to consider options that would allow them

The legislature might come up with a new structure by adding more DRT benches and revisiting provisions relating to individual insolvency. Although liquidation and bankruptcy

The Centre may ask the Reserve Bank of India (RBI) to consider revising the prompt corrective action (PCA) framework so that a complete restriction on fresh lending does not