After the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 was introduced in the Lok Sabha (it was subsequently referred to a Joint Parliamentary Committee),
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More traders paying taxes on GSTN: Sushil Kumar Modi | Business Standard News
The proportion of tax-paying traders has increased to 70 per cent of those registered on the Goods and Services Tax Network (GSTN) as the technology
Insolvency and Bankruptcy Code: Blanket ban on guarantors of stressed firms may go – The Economic Times–14.12.2017
In the case of corporate bidders, the professionals are in favour of a ‘top-down’ approach. The government may remove the blanket ban on corporate guarantors
GST filing: GST Network simplifies returns filing process – The Economic Times–14.12.2017
The new facility will result in time savings for the taxpayers, said GSTN, which provides the IT backbone for the new indirect tax regime. The
Create competitive market for assets
There is no reason to restrict the debate on expanding the cast of would-be buyers for assets auctioned off under the Insolvency and Bankruptcy Code
Turning hawkish on India as inflation zooms past RBI target – The Financial Express
India’s inflation surged past the central bank’s target, bolstering a view that interest rates may rise earlier than expected and offering little relief to battered
BS Banking Round Table 2017: Lower lending rates necessary | Business Standard News
K C Chakrabarty: There is only one challenge, which is NPA (non-performing assets). We must focus on this one challenge, and solve it. What is
BS Banking Round Table 2017: IBC has shifted balance of power, say bankers | Business Standard News
The Insolvency and Bankruptcy Code (IBC) has changed the equation in the lender-borrower relationship, with errant promoters now eager to resolve the bad debt mess
Lenders send most firms from second list to NCLT | Business Standard News
Banks moved the National Company Law Tribunal (NCLT) on Wednesday for insolvency proceedings against more companies. Compared to an earlier list of 12 large corporate
2017: A year of troublesome twins | Business Standard Column
Over the past year, two pairs of twins have dominated economic developments in India. The first refers to the “twin shocks” of demonetisation (Demon for
Of recapitalisation and resolution of NPAs | Business Line
Even as bail-in won’t work in the Indian banking system, extra vigilance is called for to track the path of lending decisions The Reserve Bank
RBI’s inflation fears, caution were justified
Reserve Bank governor Urjit Patel showed prescience by keeping interest rates unchanged in recent monetary policy announcements as he wanted to see how inflation played
Demonetisation had little to do with corruption: Former chief economic adviser Kaushik Basu – The Financial Express–15.12.2017
Slamming demonetisation, former chief economic adviser Kaushik Basu today said it was not a targeted approach to deal with corruption. “The economy has slowed down
Council may bring petrol, real estate under GST in future: Sushil Modi | Business Standard News
All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister
GST Council to take call on e-way bill in Saturday meet | Business Standard News
After reducing tax rates on over 200 items in the last meeting, the goods and services tax (GST) Council is set to meet again on
Growth for job creation | Business Standard Column
Job creation is considered to be the most serious development challenge that India faces. It is a major source of contention in the political space.
NPA mess: Govt asks banks to reveal asset quality review impact | Business Line
The government has signalled that it will leave no stone unturned in cleaning up the banking system. It has now asked banks to disclose the
Revival risks: On economy woes – The Hindu–15.12.2017
The Centre’s bid to dispel the pall of gloom over the economy has been helped in recent weeks by a sovereign rating upgrade from a
Government to replace GST ordinance with bill – The Financial Express
The GST Council in its 20th meeting held in August had recommended an increase of 10 per cent to 25 per cent in the maximum
Stressed assets cases: Do not allow promoters to bid in NCLT; why did they not pay up if they could? – The Financial Express
Media reports suggest the government may remove the blanket ban on corporate guarantors of failed businesses bidding for stressed assets during the resolution process; the
