Prime Minister Narendra Modi thinks vested interests are behind the “baseless” allegation that the terms of reference of the 15th Finance Commission are biased against certain States
Category: News of interest
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The great bank fiddle | The Indian Express–17.04.2018—–*****
It is now clear that India’s current banking crisis is a child of multi-decade action and inaction by the RBI and the Department of
RBI may loosen NPA norms to let banks breathe easy – The Economic Times–17.04.2018
The Reserve Bank of India (RBI) may relax some of the stringent norms for treatment of bad loans that it announced in February without diluting their spirit,
GST: Companies may have to rework salary packages to reduce GST impact – The Economic Times–16.04.2018
India Inc may have to start restructuring compensation packages or human resource benefits of employees to ensure they don’t face taxing times under the goods
As banks shy away from education loans, NBFCs see a lucrative opportunity | Business Standard News–16.04.2018
While public sector banks are facing high accretion of non-performing assets (NPAs) in the education loans, leading to a marked slowdown in growth, non-banking finance companies (NBFC) are expanding
Rupee — what lies ahead – Business Line–16.04.2018
After a strong 2017, the rupee appears wobbly this year. A look at the factors behind the fall and what’s in store The year 2017
Binani withdraws termination plea of insolvency process | The Indian Express–16.04.2018
Binani Industries had reached an in-principle understanding with UltraTech Cement last month that would allow the latter to buy Binani Industries’ 98.43 per cent stake
Governor Patel, stay firm on bank norms–Economic Times–14.04.2018
Reserve Bank of India governor Urjit Patel has done the right thing to rule out any dilution in the norms for bad loans in the
Capital gains tax exemption valid even if housing loan used for new house: ITAT – The Economic Times-13.04.2018
The Kolkata bench of the Income-tax Appellate Tribunal (ITAT) has held that investment-linked capital gains tax exemption, which is available on purchase of a new house,
The hard choice: Banking over banker–Economic Times–12.04.2018
At a time when public confidence in banking has been shaken — 16% of banks’ asset portfolio is stressed, 11 public sector banks are in
Aadhaar stigmatises everybody: Supreme Court–Deccan Chronicle–12.04.2018
The Supreme Court on Wednesday questioned the Centre as to why it should insist on Aadhaar for all financial transactions as it stigmatises the entire
Banks’ joust with RBI on new NPA framework reaches House panel–Deccan Chronicle–12.04.2018
A Parliamentary panel on Tuesday met Reserve Bank governor Urjit Patel and top bankers to discuss the revised NPA framework. Lenders are seeking respite from
Fuel prices: Stop cheating consumers–Deccan Herald–12.04.2018
The steady increase in the prices of petroleum products, especially petrol and diesel, after the dismantling of the administered price mechanism has hurt citizens. The
Demonetisation in India: Cash is back as king; at record high level–Deccan Herald–11.04.2018
A year-and-a-half after the note ban, cash circulation has returned to its peak levels despite several measures initiated by the government to increase digital transactions.
Boldly but carefully | Business Standard Editorials–11.04.2018
There is a new and palpable energy to the authorities’ attempts to run down cases of financial fraud that involve India’s banking sector. This is
Why Chanda Kochhar must resign – Business Line–11.04.2018
Propriety, and the high standards of corporate governance that the bank swears by, demand that she step down right now Nemesis for many celebrities comes
The hard choice: Banking over banker–Economic Times–11.04.2018
At a time when public confidence in banking has been shaken — 16% of banks’ asset portfolio is stressed, 11 public sector banks are in
When the supervisor slept | The Indian Express–09.04.2018
The matter pertaining to the ICICI Bank’s CEO Chanda Kochhar goes beyond the question of propriety. It follows close on the heels of the Punjab National Bank-Nirav
AADHAAR: Aadhaar to prevent bank frauds, terror attacks, Attorney General KK Venugopal tells Supreme Court – The Economic Times–08.04.2018
The central government on Thursday claimed in the Supreme Court that Aadhaar would prevent bank frauds blamed for the rising non-performing assets in the public sector banking system and also would
Income Tax Return: Missed the March 31 deadline to file income tax return? Here’s what you can do–Economic Times–08.04.2018
March 31, 2018 was the deadline to file income tax returns (ITR) for the financial year 2015-16 and 2016-17. In case you haven’t filed your ITR for FYs 2015-16