Category: News of interest

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

The International Monetary Fund (IMF) has released a set of indicators for worldwide debt that has raised many valid concerns. It estimated that global debt was now $164 trillion, 225 per

As crude oil prices soared above $80 a barrel for the first time since November 2014, government number-crunchers are feeling fidgety, as it will affect

Finance Minister Piyush Goyal on Thursday expressed confidence that the 11 public sector banks (PSBs) currently under the RBI’s Prompt Corrective Action (PCA) framework will

Scam-hit Punjab National Bank received a ‘warning’ from SEBI for its tardiness in complying with various mandatory norms in the wake of the Nirav Modi

To survive, they can pare their lending and cash dispensing roles. Deposits can be invested in securitised assets of small banks When the idea of

On Tuesday the rupee closed below Rs 68 to a dollar, its lowest in over a year. It was not on account of a sudden,

It is welcome that several stressed steel assets are nearing resolution under the Insolvency and Bankruptcy Code. It would recapitalise and transform the industry. Companies

A 33% fall in gold imports in April helped contain the current account deficit. This is welcome. But the decline at a time when the

While national attention is on Karnataka, it is important not to lose sight of the growing headwinds facing the economy. The most significant is, of

The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted Renaissance Steel’s petition challenging Vedanta’s eligibility to take over bankrupt firm Electrosteel Steels. A NCLAT

The NCLAT will hear the case again on May 22. Bankers are likely to take a call on the matter once the NCLAT passes its