Clipped from: https://economictimes.indiatimes.com/mf/mf-news/taxman-puts-fund-houses-hnis-on-watch-over-past-dividend-stripping/articleshow/81676349.cmsSynopsis Sends notices asking for information on payouts and redemptions during FY14 to FY20 period Old deeds have come back to irk some of
Banks may seek review of SC order; yet to get ex gratia from first round – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-may-seek-review-of-sc-order-yet-to-get-ex-gratia-from-first-round/2219739/ Lenders themselves have paid the ex gratia amounts to their respective borrowers, and the last date for doing so was November 5, 2020.
Between Supreme Court & govt, banks lose freedom – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/between-supreme-court-govt-banks-lose-freedom/2219575/ SC did well to allow banks to declare loans as NPAs, but not allowing them to charge penal interest was a bad idea
Why drive up input tax costs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/why-drive-up-input-tax-costs/2219644/ Significant curtailment of Form C benefits to adversely impact several important sectors Needless to say, all such businesses will be forced to consider
Big Achievement: Highway construction in India to hit record pace! To touch 40 km/day in FY21 – The Financial Express
Clipped from: https://www.financialexpress.com/infrastructure/roadways/big-achievement-highway-construction-in-india-to-hit-record-pace-to-touch-40-km-day-in-fy21/2219525/ Nascent recovery seen in pure PPP (BOT) segment The remarkably brisk pace of highway building this year has been despite the pandemic that
Supreme Court rejects NBCC’s resolution plan for JIL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/further-delay-supreme-court-rejects-nbccs-resolution-plan-for-jil/2219538/ Asks RP to invite fresh bids & complete insolvency process within 45 days The Supreme Court had in August last year transferred to
CAG calls for improved handling of indirect tax cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cag-calls-for-improved-handling-of-indirect-tax-cases/article34152331.ece Comptroller and Auditor General (CAG) has recommended a full overhaul of the system of issuing show cause notices in Central Board of Indirect
True Balance raises $10 million in debt funding for its NBFC True Credits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/true-balance-raises-10-million-in-debt-funding-for-its-nbfc-true-credits/article34132357.ece Fintech app True Balance on Monday announced that it has raised $10 million in debt funding from a group of investors. The debt
‘NBFCs have made adequate provisions, do not expect a quantum jump in bad loans’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/nbfcs-have-made-adequate-provisions-do-not-expect-a-quantum-jump-in-bad-loans/article34152403.ece Non-banking financial companies (NBFCs) have already made provisions for non-performing assets and do not expect a sharp spike in bad loans following the
New RBI norms: Uni-State UCBs can convert to multi-State UCBs via amalgamation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/new-rbi-norms-uni-state-ucbs-can-convertto-multi-state-ucbs-via-amalgamation/article34152145.ece A uni-State Urban Co-operative Bank (UCB) can metamorphose into a multi-State UCB through amalgamation with a uni-State bank registered in another State, going
SEBI seeks ‘discretion’ in prosecutions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-seeks-discretion-in-prosecutions/article34153531.ece Watchdog wants the law amended as it faces charges of inconsistency Market regulator SEBI will be seeking ‘discretionary powers’ with regard to the
Steel off the peaks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/steel-off-the-peaks/article34152998.ece Massive infra investments are set to boost demand After enjoying a prolonged period of highs over the past six months on the back
Banking on crisis management: Meet Gopinath, head of SEAC on bank licences | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/banking-on-crisis-management-meet-gopinath-head-of-seac-on-bank-licences-121032401725_1.html Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high
A regulator for health sector on lines of RERA likely to be set up soon | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-regulator-for-health-sector-on-lines-of-rera-likely-to-be-set-up-soon-121032500001_1.html The survey cited unplanned readmission data – considered the most common metric of quality in the hospital setting A new regulator for the
GST technical glitches behind input tax credit frauds: CAG report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-technical-glitches-behind-input-tax-credit-frauds-cag-report-121032401741_1.html CAG recommended fixing a definite time frame for rolling out simplified GST return forms The GST returns system is still a work in
Amendments to the Finance Bill 2021 plug tax loophole in slump sale | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/amendments-to-the-finance-bill-2021-plug-tax-loophole-in-slump-sale-121032500064_1.html Amendments to the finance Bill, 2021, say that fair market value (FMV) will be taken as consideration of the sale Finance Minister Nirmala
Asset distribution to partners will attract capital gains tax | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/finance-bill-asset-distribution-to-partners-will-attract-capital-gains-tax-121032500058_1.html Various courts and tax authorities have ruled both in favour and against imposition of capital gains in such cases. Most law firms and
Wanted: A secondary market for bank loans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/wanted-a-secondary-market-for-bank-loans/article34153018.ece This is of vital importance for price discovery of loans and to restore the health of Indian banks With the Finance Minister’s announcement
IBC — back to the future – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-back-to-the-future/article34153104.ece Insolvency activity could get more hectic than before the pandemic on account of the Covid-induced financial stress To mitigate the impact of the
The right balance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-right-balance/article34152917.ece Apex Court has spelt out a pragmatic solution to the interest waiver issue On March 23, the Supreme Court brought a satisfactory closure
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