India sliding 10 places in the global competitive index is a problematic trend, but, as argued by this paper earlier (bit.ly/314xAsb), it is the cost
Group insolvency resolution: UK Sinha-led panel recommends phased implementation of framework – The Hindu BusinessLine
The UK Sinha-led Working Group on Group Insolvency has called for a legal framework to facilitate insolvency resolution and liquidation of companies belonging to a
Bankruptcy should write off all equity–Economic Times
Two retail investors of bankrupt textile firm Alok Industries have reportedly petitioned the National Company Law Appellate Tribunal (NCLAT) opposing its new owner Reliance Industries’
PMC scam: Insure all bank deposits; Deepak Parekh right to flag this issue – The Financial Express
HDFC chairman Deepak Parekh has done well to draw the government’s attention to how “brutally unfair” it is that while tens of thousands of crore
Bank Penalty: Bank to pay you Rs 100 per day penalty for delay in transaction beyond these limits–Economic Times
These RBI guidelines tell you the maximum time a bank can take to credit your money back in your bank account before the penalties kick
Online auction of assets in IBC resolution–Economic Times
The government’s reported plan to institute an online financial bidding process for the resolution of companies admitted in insolvency courts makes eminent sense. However, instead
World Bank says slowdown in India is severe, cuts GDP forecast to 6% | Business Standard News
The World Bank cut India’s economic growth forecast by the most among South Asian nations on Sunday, below the outlook pegged by the nation’s central bank for
From criminal cases to commercial suits, here’re the key court orders | Business Standard Column
Commercial court isn’t for every dispute Disputes involving high-value transactions cannot be dressed up as commercial suits and taken to commercial courts for speedy disposal.
Half of world’s female entrepreneurs are denied funding; a third faces gender bias from investors – The Financial Express
Investment pitches by a whopping 50 per cent of female entrepreneurs globally are denied funding from investors, claimed a report by HSBC Private Banking surveying
RBI exercising forbearance on MSME lending as small business loans are in trouble, says Raghuram Rajan – The Financial Express
According to a report by CIBIL, the outstanding MSME credit went up to Rs 25.2 lakh crore at the end of 2018 up from Rs
We need to improve the tight credit situation: NITI-Aayog VC – The Hindu BusinessLine
Low credit-to-GDP ratio, perhaps, implies the banking sector is unable to meet the economy’s credit needs: Rajiv Kumar “Talk of recession is completely misplaced,” Rajiv
Insolvency Law Committee plans to meet on October 15 to discuss new reforms for IBC – The Hindu BusinessLine
The new resolution mechanism for finance companies may apply only to limited set of entities. Deposit taking and systemically important NBFCs may be kept out
RBI’s decision in the LVB-Indiabulls merger case is prudent – The Hindu BusinessLine
But the regulator owes markets an explanation After pondering over the merger proposal between Indiabulls Housing Finance and Lakshmi Vilas Bank for a good six
Do public sector banks really need deposit insurance? – The Hindu BusinessLine
Recent figures show a disparity between the premium collected from and claims settled for PSBs. Exempting them from the Deposit Insurance Scheme should be considered
Is there a case for a strong rupee? – The Hindu BusinessLine
Growth with stability, not external intervention, will put the rupee in a ‘sweet spot’ to help India become a $5-trillion economy The Modi government has
एक फुंकर हलकीशी! -महाराष्ट्र टाइम्स
मेक्सिकोमधील माफिया हे जगभर दहशत बसवून आहेत. त्यांची माफियागिरी इतकी कुविख्यात आहे की, अमेरिकेत संघटित गुन्हेगारी करणारे नामचीन गुंडही ‘मेक्सिकन माफिया’ म्हणून ओळखले जातात. कदाचित्,
Bank fraud: ED attaches assets of over Rs 4,000 crore of Bhushan Steel – The Economic Times
The Enforcement Directorate on Saturday said it has attached assets worth over Rs 4,025 crore of Bhushan Power and Steel Limited (BPSL) in connection with its money laundering probe
Certain illnesses in 1st 3 months of health insurance policy to be treated as pre-existing disease – The Economic Times
IRDAI has modified the definition of pre-existing diseases, to include any disease diagnosed within three months of purchasing a health insurance policy. This change was included in the guidelines
Slowdown in three sectors, dip in imports hit GST collection – The Economic Times
The slowdown in three sectors – automobiles, cement and iron & steel – along with falling imports have taken a toll on GST collections, even as the
PMO asks states to curb fake ITC claims – The Economic Times
A day after the GST Council set up a committee to identify measures to augment revenue from goods and services tax collection, the Centre Friday asked states
