Clipped from: https://www.business-standard.com/article/economy-policy/gst-firms-challenge-constitutional-validity-of-arrest-rules-in-top-court-121040801501_1.html Counsel for companies raises concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests
E-wallets are similar to bank accounts, but more convenient: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/e-wallets-are-similar-to-bank-accounts-but-more-convenient-experts-121040900055_1.html Will help those who can’t ensure minimum balance Four key announcements made in the April 7 monetary policy are likely to enhance the
Payments banks can now hold max balance of Rs 2 lakh per customer | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/payments-banks-can-now-hold-max-balance-of-rs-2-lakh-per-customer-121040801491_1.html The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from
Hike in deposit limit: Payment banks likely to attract bigger clients | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/hike-in-deposit-limit-payment-banks-likely-to-attract-bigger-clients-121040900057_1.html Industry sources said banks had made a case for increasing the limit to Rs 5 lakh in line with the hike in deposit
SC remits to creditors Jaypee Infratech’s resolution plan for approval | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sc-remits-to-creditors-jaypee-infratech-s-resolution-plan-for-approval-121032401336_1.html The Supreme Court Wednesday remitted to the Committee of Creditors (CoC) the issue of approval of resolution plan for debt-ridden Jaypee Infratech Ltd
Govt to earmark nearly Rs 1,000 crore to support fabless start-ups | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/govt-to-earmark-nearly-rs-1-000-crore-to-support-fabless-start-ups-121040801754_1.html Some of these companies are likely to scale up, become global chip design entities Fabless companies are those that design microchips, while the
NBCC, Suraksha group submit revised bids to acquire Jaypee Infratech | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nbcc-suraksha-group-submit-revised-bids-to-acquire-jaypee-infratech-121040801690_1.html This is the fourth round of bidding process for Jaypee Infratech, which went into insolvency proceedings in August 2017 NBCC and Suraksha have
Privatisation of two public sector banks on meeting agenda next week | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/privatisation-of-two-public-sector-banks-on-meeting-agenda-next-week-121040900077_1.html Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said Apart from
IBC: Can pre-packaged insolvency resolution under IBC be helpful for MSMEs? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/can-pre-packaged-insolvency-resolution-under-ibc-be-helpful-for-msmes/articleshow/81981074.cmsSynopsis The Code emphasizes on reorganization and insolvency resolution of the Corporate Debtor, while maximizing the value of assets of the CD and promoting
China, US solar cos keen to set up units in India – PLI PULL: The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/energy/power/pli-pull-china-us-solar-cos-keen-to-set-up-units-in-india/articleshow/81979834.cms Synopsis–China-based LONGi Solar and Trina Solar, two of the world’s largest makers of solar wafers and modules, are in talks with Indian private
Welcome Move for Pre-Packed Resolution–THE ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/welcome-move-for-pre-packed-resolution/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. The government has done well to allow pre-packaged
Maintain ‘buy’ on Indian Hotels with target price of Rs 160 – The Financial Express
Clipped from: https://www.financialexpress.com/market/analyst-corner-maintain-buy-on-indian-hotels-with-target-price-of-rs-160/2229730/ Permanent reduction in costs and new revenue initiatives should improve profit margin. Buy rating, Rs 160 TP, and forecasts unchanged; stock looks oversold
NBFCs to face fresh challenges due to Covid surge: Analysts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/nbfcs-to-face-fresh-challenges-due-to-covid-surge-analysts/2229634/ Icra Ratings said that due to the Covid-19 pandemic and resultant nationwide lockdowns, securitisation volumes had seen an unprecedented fall in H1FY21 after
NCLAT stays insolvency proceedings against OYO – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/nclat-stays-insolvency-proceedings-against-oyo/2229581/ “Today (Thursday) NCLAT has admitted our plea and ordered a stay for the formation of CoC in IBC proceedings against OHHPL, an OYO
Amazon India’s MSME sellers so far: 2.5M cumulatively digitised, $3B worth exports, 1M jobs created – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-amazon-indias-msme-sellers-so-far-2-5m-cumulatively-digitised-3b-worth-exports-1m-jobs-created/2229542/ Ease of Doing Business for MSMEs: Amazon had announced plans in January last year to invest $1 billion for digitizing 10 million Indian
Govt to invite bids for solar PLI in two weeks – The Financial Express
As on date, the 3 giga-watt (GW) of cell manufacturing units and the 14 GW of domestic solar module makers have to import most of
Is the IBC a panacea or poison? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/write-back-is-the-ibc-a-panacea-or-poison/2229699/ As we move along, it is important to bring attitudinal changes in the way creditors perceive the IBC One should not get dissuaded
SC strikes down provision in tax law limiting extension of stay orders – The Financial Express
Clipped from: https://www.financialexpress.com/industry/pepsico-case-sc-strikes-down-provision-in-tax-law-limiting-extension-of-stay-orders/2229723/ “Further, vacation of stay in favour of the revenue would ensue even if the revenue is itself responsible for the delay in hearing
SC right to caution taxman on attaching assets in GST – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/sc-right-to-caution-taxman-on-attaching-assets-in-gst/2229609/ Attaching assets is a favourite tool of the taxman and, as SC points out, this is draconian and needs to be changed The
I-T dept starts issuing reassessment notices for time-barred FYs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/i-t-dept-starts-issuing-reassessment-notices-for-time-barred-fys/articleshow/81965947.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The IT department has started issuing notices seeking to reassess income tax liability of taxpayers for these financial years, scrutinizing the income tax
