Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-proposes-mandatory-interoperability-of-full-kyc-prepaid-instruments/article34260479.ece?homepage=true Increase in Account Limit to ₹2 lakh The Reserve Bank of India has proposed to make interoperability mandatory for full-KYC prepaid instruments (PPIs)
Brake on diversification | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/brake-on-diversification-121040601419_1.html M&M must focus on reviving its core automotive division Mahindra & Mahindra (M&M) has just seen a big change at the top, with Anish
Contradictory AAR verdicts on CSR under GST regime baffle companies | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/contradictory-aar-verdicts-on-csr-under-gst-regime-baffle-companies-121040601388_1.html Recently, the Uttar Pradesh AAR had held that CSR spend by companies is eligible for input tax credit This is contradictory to the
Numerology helped close Byju’s deal: Aakash Educational’s J C Chaudhry | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jc-chaudhry-the-numerologist-who-started-aakash-institute-out-of-a-room-121040601345_1.html JC Chaudhry, the chairman, and MD of Aakash Educational Services Limited (AESL) who is also a motivational speaker and numerologist said that he
NITI Aayog considers separate PLI scheme for MSMEs, examines biz models | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/niti-aayog-considers-separate-pli-scheme-for-msmes-examines-biz-models-121040601463_1.html Seeks different schemes for firms with higher targets, and smaller ones The PLI scheme does not currently focus on making MSMEs a part
IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/ibc-in-the-slow-lane-cirp-cases-decline-almost-12-shows-ibbi-data-121040601392_1.html New corporate insolvency being at halt reflected in the continuing drop in the number of ongoing corporate resolution cases in the October-December period
The GST puzzle | Business Standard Column
The sharp rise in GST collection in March could be a false indicator if further rate reforms are delayed The amount of goods and services tax (GST)
Big players stayed away from Vivad se Vishwas: CBDT chairman P C Mody | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/big-players-stayed-away-from-vivad-se-vishwas-cbdt-chairman-p-c-mody-121040700072_1.html The scheme announced in the Budget last year allowed for the settlement of tax disputes due up to January 31, 2020. PC Mody,
Competition among auto cos address issue of vehicle scrapping sops: Gadkari | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/competition-among-auto-cos-address-issue-of-vehicle-scrapping-sops-gadkari-121040600772_1.html In a Q&A, the Union minister of road transport and highways says scrapping centres will become an entire industry on their own, subject
Chola joins consortium for retail payments NUE – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/chola-joins-consortium-for-retail-payments-nue/2228244/ FSS, Zoho, Zerodha, RazorPay, Ujjivan and Airpay are also part of the Vishwakarma Payments consortium. Chola operates from 1,135 branches across India with
Small business lender Lendingkart raises new debt funding to disburse loans to 5,000 MSMEs via NBFC arm – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-small-business-lender-lendingkart-raises-new-debt-funding-to-disburse-loans-to-5000-msmes-via-nbfc-arm/2227855/ Credit and Finance for MSMEs: Lendingkart, which has disbursed over 1 lakh loans to more than 91,000 MSMEs so far through its NBFC
PayPal enables collateral-free loans up to Rs 1 cr for MSMEs, others via small business lender FlexiLoans – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-paypal-enables-collateral-free-loans-up-to-rs-1-cr-for-msmes-others-via-small-business-lender-flexiloans/2228172/ Credit and Finance for MSMEs: The interest rates will begin at 1 per cent per month with tenure up to 36 months based
Valuation soars to $2.2 bn, Cred joins unicorn club – The Financial Express
lipped from: https://www.financialexpress.com/industry/valuation-soars-to-2-2-bn-cred-joins-unicorn-club/2228214/ Credit card repayment platform, Cred on Tuesday said that it has closed a fresh $215-million funding round led by new investor Falcon Edge
Germany hails US move on corporate tax as ‘great step forward’ – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/international/business/germany-hails-us-move-on-corporate-tax-as-great-step-forward/articleshow/81932849.cmsSynopsis The optimism comes a day after US Treasury Secretary Janet Yellen said Washington was pushing in the G20 for a global minimum corporate
global economy news: Why shortages of a $1 chip sparked crisis in the global economy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/why-shortages-of-a-1-chip-sparked-crisis-in-the-global-economy/articleshow/81924485.cmsSynopsis The chip crunch was born out of an understandable miscalculation as the coronavirus pandemic hit last year. When Covid-19 began spreading from China
loans: UltraTech Cement prepays Rs 5,000 cr loan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ultratech-cement-prepays-rs-5000-cr-loan/articleshow/81763860.cmsSynopsis UltraTech Cement reported a revenue of Rs 40,649.17 crore in 2019-20 and is the largest manufacturer of grey cement, ready mix concrete (RMC)
Split roles of chairperson, MD and CEO before Apr 2022 deadline: Sebi to listed cos – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/separation-of-cmd-roles-not-aimed-at-weakening-promoters-position-ajay-tyagi/articleshow/81928566.cmsSynopsis Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations,
Real exchange rate: Why the RER is so important – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/real-exchange-rate-why-the-rer-is-so-important/2228278/ Maintaining a competitive RER is necessary for the economy to achieve its full growth potential The reason why market forces cause the rupee
savings scheme interest rate: Why the economy needs a low interest rate regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/why-the-economy-needs-a-low-interest-rate-regime/articleshow/81885104.cms SynopsisFor credit markets to revive again and for lending to expand as needed, we need a low interest rate regime. This cycle will
PayPal partners with FlexiLoans to offer MSMEs collateral-free term loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/paypal-partners-with-flexiloans-to-offer-msmes-collateral-free-term-loans/articleshow/81927362.cms MUMBAI: PayPal entered into a partnership with FlexiLoans to provide freelancers, women entrepreneurs, sole proprietors, and MSME’s with collateral-free business loans. PayPal with FlexiLoans will aim to offer
