A government official, however, played down the concerns saying the interpretation being drawn is erroneous. A seemingly missing provision from the fine print in the
RBI data: Loan defaults by MSMEs doubled in last fiscal – The Financial Express
Micro, small and medium enterprises (MSMEs) seem yet to recover from the twin shocks of demonetisation in 2016 and a chaotic introduction of goods and
Now that the base effect is over, expect a lower GDP; what’s worrying is rising interest rates as well as CAD – The Financial Express
Now that the base effect is over, expect a lower GDP The economy has clocked a stellar 8.2% y-o-y growth in the three months to
Commercial banks with over 10 branches to have internal ombudsman: RBI | Business Standard News
The Reserve Bank of India (RBI) Monday asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO). The apex bank has, however, excluded regional rural banks (RRBs) from
Latest Supreme Court Decisions–From insurance claim to arbitration appeal, here are the key court orders | Business Standard Column
Delay defeats insurance claim If the insurance claim is made late, it can be rejected even if the insurance company had appointed a surveyor to
CBIC may soon clarify on GST levy on goods sold at duty-free shops – The Hindu BusinessLine
The Central Board of Indirect Taxes and Custom (CBIC) is likely to issue a clarification soon on applicability of Goods and Services Tax (GST) on
Hanging tough – The Hindu BusinessLine
The Allahabad High Court has rightly underpinned the RBI’s autonomy and upheld the sanctity of its tough actions on stressed assets In denying interim relief
NCLT directs lenders to appoint Mumbai-based IRP for Uttam Galva Steels | Business Standard News
The National Company Law Tribunal (NCLT) has directed the lenders of steel-producer Uttam Galva Steels Ltd (UGSL) to appoint an Interim Resolution Professional (IRP) to oversee the
Boost to insolvency process: NCLT asks ED to use borrower’s attached assets linked to fraud – The Economic Times
“The latest order should help move hundreds of stuck cases, which are yet to show any value for lenders despite the dedicated bankruptcy court’s order
Bold Policy to Keep Growth Buoyant–Economic Times
The Central Statistics Office estimates that gross domestic product (GDP) grew, in the first, April-June, quarter at a delightful 8.2% over the like period last
Don’t just do something, sit there | Business Standard Column
US economic policy has shifted in favour of big deficits and higher interest rates. This sucks global capital into the US. That gives stress in asset prices and exchange rates
How prone is GST to evasion? | Business Standard Column
Recently, the finance minister of a state, who was also responsible for designing the GST and is now a member of the GST Council, made a remark that some
The 8 per cent challenge – The Hindu BusinessLine
The economy is now more self-sustaining than before, but macro risks threaten the 8% target Just when the din was dying down on the NDA
IPPs to move courts seeking stay of RBI order on insolvency process – The Hindu BusinessLine
Several independent power producers are planning to individually move courts this week seeking relief from the Reserve Bank of India’s circular on the resolution of
Stressed assets: Liquidation, sale on piecemeal basis not the right strategy – NEWS – The Hindu BusinessLine
The liquidation of a company and sale of stressed assets on a piecemeal manner may not be the best way as valuations could further dip
RBI skips meet on stressed power assets; SBI, PNB seek time for resolution | Business Standard News
The first meeting of the high-powered committee (HPC) for resolving stress in the power sector did not see any attendance from the Reserve Bank of India (RBI)
Lending to power sector projects will have to stop: State Bank of India | Business Standard News
The nation’s largest lender State Bank on Friday said banks will have to “abort” lending to infrastructure projects, especially to the power sector, because of the harrowing
Modi government: Demonetisation: All cost and little benefit – The Economic Times
Small enterprises were the worst hit. It stands to reason that they would have had to borrow to tide over hard times. Now that the
View: Cash ban may have driven Indians away from banks – The Economic Times
By Mihir Sharma The Indian central bank’s final tally of Prime Minister Narendra Modi’s 2016 demonetisation drive, intended to take money derived from tax evasion out of
GST: A circular that could lead to turf war between states and centre – The Economic Times
Tax experts fear that just like the earlier tax regime companies may face dual tax demands from state and central revenue authorities. In what may
