The working group noted that creditors tend to treat group entities as a single economic entity even when they were lending to distinct entities. A
Government mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas – The Economic Times
The government is examining suggestion to raise threshold of Rs 1 lakh default to invoke the Insolvency and Bankruptcy Code (IBC) to reduce number of cases in
Exporters draw DRI wrath for alleged GST violations – The Economic Times
The government’s decision to ban onion exports and impose stock limits may have arrested the steep rise in prices of the essential vegetable, but experts feel it’s
Formula on cards to distribute insolvency funds: Corporate Affairs Secy | Business Standard News
In the past three years since the IBC was introduced, 21,000 cases have come for resolution, of which 10,000 have been settled according to government
GST return filing: New formats may stump taxpayers on adjustment entries – The Financial Express
By Surbhi Premi The GST Council in its 27th meeting discussed that the Government is keen to introduce the simplified return design to reduce compliance
Shopmatic: Everyone can sell online on this e-commerce venture – The Financial Express
Shopmatic is a fast-growing e-commerce venture that helps business owners sell their products and services online. From developing a unique web store, to listing businesses
India slipping on global competitiveness index is worrisome – The Financial Express
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
