Giving the industry a breathing time, the government has deferred implementation of the simplified returns to October from earlier deadline of July and came out
RBI’s norms to give more headroom to lenders to resolve big ticket NPAs: SBI Report – The Hindu BusinessLine
Reserve Bank’s new guidelines to deal with bad loans will provide lenders the headroom and flexibility for resolution of large ticket stressed asset cases under
Neueon Towers Ltd – Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution Professional (IRP) – The Hindu BusinessLine
Dear Sir/Madam This is to inform you that the Honourable National Company Law Tribunal (NCLT), Hyderabad Bench has passed the order on 03/06/2019 (uploaded on
Govt mulling national institute for valuers – NEWS – The Hindu BusinessLine
We have enough critical mass for such an institute, says MCA Secretary Srinivas The time is ripe for the setting up of a national level
Scheduled banks healthier now as gross NPA ratio dips in FY19 – NEWS – The Hindu BusinessLine
There was a significant improvement in asset quality of scheduled commercial banks (SCBs) in 2018-19 as the gross NPA ratio declined to 9.3 per cent
Why $190 bn bank loan clean-up is the only way to revive India’s growth | Business Standard News
As of March, about a third of India’s bankruptcy cases had exceeded the 270-day deadline stipulated by law, according to government data Reforms meant to
Three pharma firms in second race for Orchid Pharma resolution process | Business Standard News
There are three pharmaceutical bidders for debt-ridden Orchid Pharma Ltd in the second round of Corporate Insolvency Resolution Process (CIRP) — Gurgaon-based Dhanuka Laboratories, Chennai-based Accord Life
Fiscal Deficit: Budget 2019: Why Sitharaman doesn’t have much leeway on fiscal deficit – The Economic Times
By C Rangarajan & D K Srivastava GDP growth fell to 6.8% in 2018-19, as per provisional Central Statistics Office (CSO) estimates. RBI, in its
PM Modi asks top officials to come out with five-year plan for each ministry, impactful decisions – The Economic Times
Prime Minister Narendra Modi Monday asked top bureaucrats to prepare a five-year plan for each ministry with well-defined targets and milestones in sync with the people’s mandate
Two operational creditors take Jet to NCLT, hearing on June 13 – The Economic Times
Jet Airways owes more than Rs 8,000 crore to a consortium of banks led by the State Bank of India. In a major setback to
Donald Trump says Federal Reserve is ‘very, very destructive’ to economy – The Economic Times
ASHINGTON: President Donald Trump said Monday the US central bank has been “very, very destructive” to the economy by raising interest rates too quickly. Trump has repeatedly
New NPA norms balanced, offer banks, borrowers a big breather – The Economic Times
Analysts at rating agency CrisilNSE 1.24 % and American brokerage BofA-ML Monday termed the new bad loan resolution framework issued over the weekend as “balanced” as it gives a
Income tax notice | ITR filing: Don’t make these mistakes to avoid getting tax notice–Economic Times
Here are some tax filing mistakes that can result in a notice and the steps taxpayers should take to avoid getting one. Highlights The tax
SME: Raising capital: SME IPO may be a good choice for small businesses–Economic Times
In India, an SME exchange functions within a recognized stock exchange or the main exchange such as the BSE Limited and the National Stock Exchange
MSME: Centre planning to integrate MSMEs with big enterprises–Economic Times
While tech companies get a chance to wire up a new set of customers, consumer goods firms, including HUL & Future Group, are hoping to
IL&FS may file contempt plea against lenders for withdrawing Rs 800cr during moratorium – The Economic Times
Lenders must not withdraw support until a resolution is found of the IL&FS and its group companies. Debt-ridden IL&FS is likely to file a contempt
Jaypee Infra insolvency: Lenders reject NBCC bid — key details – The Financial Express
As many as 13 banks and over 23,000 homebuyers have voting rights in the committee of creditors (CoC) of Jaypee Infratech. A majority of Jaypee
Battleground kirana: The anatomy of India’s raging retail war – The Economic Times
While tech companies get a chance to wire up a new set of customers, consumer goods firms, including HUL & Future Group, are hoping to
Chartered accountants facing ‘most heat today’ as norms are strong: Corporate Affairs Secretary Injeti Srinivas – The Economic Times
Amid instances of frauds at companies, chartered accountants are facing the “most heat today” as strong auditing and accounting standards are in place, according to a senior government official. The remarks
GST Council likely to fix Rs 50 crore turnover threshold for e-invoice under GST, to meet on June 20 – The Financial Express
The finance ministry is likely to propose Rs 50 crore as the turnover threshold for entities to generate e-invoice on a centralised government portal for
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