Clipped from: https://economictimes.indiatimes.com/small-biz/entrepreneurship/from-gst-returns-to-applying-for-loans-y-combinator-backed-gimbooks-wants-to-help-indias-70-million-smes-go-digital/articleshow/79440238.cmsSynopsis On the road to digitization, small businesses in India are now betting on easy-to-use accounting and bookkeeping apps for their day-to-day work. COVID-19
View: Why a rush from large corporate and industrial houses to own banks is still very unlikely – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/view-why-a-rush-from-large-corporate-and-industrial-houses-to-own-banks-is-still-very-unlikely/articleshow/79434638.cms Synopsis– Reactions to the recommendation allowing industrial houses to own banks have been strident. The main contentions being that India had eschewed large
Donald Trump may be coming to terms with loss he won’t acknowledge – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/donald-trump-may-be-coming-to-terms-with-loss-he-wont-acknowledge/articleshow/79452420.cmsSynopsis Trump, who took questions from reporters for the first time since the election, unleashed another round of complaints about the vote and theatrical
Irdai gives in-principle approval for Bharti AXA-ICICI Lombard deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/insure/irdai-gives-in-principle-approval-for-bharti-axa-icici-lombard-deal/articleshow/79451707.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Marking a major consolidation move in the insurance space, the proposed deal was announced in August this year. Bharti Enterprises currently owns 51
Small banks fund raising: Why small banks may struggle to raise money via bonds post LVB debacle – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/why-small-banks-may-struggle-to-raise-money-via-bonds-post-lvb-debacle/articleshow/79450616.cms SynopsisPeople tracking the bond market said these banks could face heat as investors are likely to demand a higher premium with the regulator
No tax on rent to be paid by owner, if the tenant defaults on it: Tax tribunal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/no-tax-on-rent-to-be-paid-by-owner-if-the-tenant-defaults-on-it-tax-tribunal/articleshow/79448305.cmsSynopsis The Income-tax Appellate Tribunal has given this ruling in respect of a case pertaining to Navi Mumbai based leasing company. This will have
Downside risks to growth still persist amid uncertainty around Covid vaccine availability: D&B – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/downside-risks-to-growth-still-persist-amid-uncertainty-around-covid-vaccine-availability-db/articleshow/79447377.cmsSynopsis According to Dun & Bradstreet’s latest Economy Forecast, a second wave of infections, which can’t be ruled out, would lead to partial re-establishment
Clearing the air with President-elect Biden–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/clearing-the-air-with-president-elect-biden/ Climate change is big on America’s President-Elect Joe Biden’s agenda for governance, of which clean energy is an important plank. Reviving the India-US
Pre-packaged: Viable route to insolvency–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/pre-packaged-viable-route-to-insolvency/ The Insolvency and Bankruptcy Board’s proposal to allow companies to withdraw from the process of voluntary liquidation is pragmatic. It will facilitate revival.
ECLGS 2.0: Borrowers to repay principal amount in 48 installments post 1-year moratorium – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-borrowers-to-repay-principal-amount-in-48-installments-post-1-year-moratorium/articleshow/79438893.cmsSynopsis The government termed the credit product under which the guarantee would be given as Guaranteed Emergency Credit Line (GECL), in the guidelines released
Atmanirbhar Bharat 3.0 package: ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectors – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/eclgs-2-0-scheme-govt-extends-credit-guarantee-scheme-to-27-sectors/articleshow/79439048.cmsSynopsis The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package. “Under
Loss in foreign exchange on external commercial borrowing can be capitalised: Tax tribunal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/loss-in-foreign-exchange-on-external-commercial-borrowing-can-be-capitalised-tax-tribunal/articleshow/79444505.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The tax department had argued that the forex loss is notional and cannot be capitalised. The tribunal held that such mark to market
SC directs govt to implement its decision to forego interest on eight categories of loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/sc-directs-govt-to-implement-its-decision-to-forego-interest-on-eight-categories-of-loans/articleshow/79446057.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The eight categories of loans are MSME (Micro, Small & Medium Enterprises), Education, Housing, Consumer durable, Credit card, Automobile, Personal and Consumption. NEW
RBI has set precedence in LVB bond write-off, will hurt other banks: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-has-set-precedence-in-lvb-bond-write-off-will-hurt-other-banks-report/articleshow/79446013.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument
Adani tops DHFL bid, says its bid gives maximum to lenders; rivals want it out of race – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/adani-tops-dhfl-bid-says-its-bid-gives-maximum-to-lenders-rivals-want-it-out-of-race/articleshow/79446899.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23Synopsis Adani Group, which had initially bid only for DHFL’s wholesale and Slum Rehabilitation Authority (SRA) portfolio, in the revised offer submitted on November
India steps up efforts to draw neighbors closer to counter China – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/defence/india-steps-up-efforts-to-draw-neighbors-closer-to-counter-china/articleshow/79443486.cmsSynopsis India has found it hard to match Chinese investments in infrastructure and security in smaller South Asian nations over the last decade, but
online festive sales: Flipkart and Amazon corner 88% share of festive online sales: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/flipkart-and-amazon-corner-88-share-of-festive-online-sales-report/articleshow/79434884.cmsSynopsis Pandemic woos new shoppers from small cities, offline retail slump helps e-commerce, the report said. Online marketplaces Flipkart Group and Amazon recorded combined sales of nearly $7.3
Q2 GDP shows India officially in recession but sequential improvement points to an economy on the mend – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/q2-gdp-shows-india-officially-in-recession-but-sequential-improvement-points-to-an-economy-on-the-mend/articleshow/79447729.cmsSynopsis The surprise was thrown by good performance by the manufacturing sector that showed marginal growth in the second quarter. However, the private consumption
gst: Gujarat High Court to relook at GST on intermediaries – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gujarat-high-court-to-relook-at-gst-on-intermediaries/articleshow/78765013.cmsSynopsis The Gujarat High Court in July had held that supply of services by intermediaries outside India is not an export and that 18%
Fiscal Rectitude Can Mean Larger Deficit–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/fiscal-rectitude-can-mean-larger-deficit/ The Reserve Bank of India governor Shaktikanta Das is right to seek a roadmap to fiscal prudence. Persistent high fiscal deficits can cause
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