Clipped from: https://www.business-standard.com/industry/banking/banks-nbfcs-must-upgrade-it-systems-for-rbi-co-lending-guidelines-125051601373_1.html Bankers say RBI’s co-lending draft norms may require significant IT upgrades and clarification on the CLM 2 model to ensure compliance and operational
*****Finality of biz transactions: How delays undermined the Bhushan resolution | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/finality-of-biz-transactions-how-delays-undermined-the-bhushan-resolution-125051401692_1.html Court ordered the liquidation of BPS, which had been successfully rescued under the IBC in 2019 with the approval of relevant market participants
*****Why India’s nine-year-old insolvency law has bankers going bald with worry | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/why-india-s-nine-year-old-insolvency-law-has-bankers-going-bald-with-worry-125051300085_1.html A third of the bankruptcies admitted by the tribunals have gone for liquidation, while three-quarters of the cases still open in December had
*****Fed chair Powell signals rethink of strategy on jobs and inflation risks | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/fed-chair-powell-signals-rethink-of-strategy-on-jobs-and-inflation-risks-125051501891_1.html The Fed for now has said it would stay on the sidelines, with interest rates held steady in the current 4.25% to 4.5%
*****As AI waits in the wings, IT sector must prepare for changing labour needs
Clipped from: https://www.business-standard.com/opinion/editorial/as-ai-waits-in-the-wings-it-sector-must-prepare-for-changing-labour-needs-125051501853_1.html There are important implications for the sector in India. As this newspaper has reported, the effects of AI are being felt in the
US Bill proposes 5% tax on foreign money transfers: Why NRIs are worried | Immigration News – Business Standard
Clipped from: https://www.business-standard.com/immigration/us-bill-proposes-5-tax-on-foreign-transfers-why-nris-are-worried-125051600296_1.html If the Bill is passed, the tax would apply to individuals on non-immigrant visas such as H-1B and F-1, green card holders Listen
R Sudhakar: NCLT a creature of statute, should stick to that: NCLT Chairperson | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/nclt-chairperson-says-tribunal-should-stick-to-statute-in-bpsl-case-125051501630_1.html NCLT Chairperson R Sudhakar says tribunal must operate within IBC and Companies Act as BPSL liquidation returns to Delhi bench after Supreme Court’s
*****UK-India FTA raises a cocktail of questions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/uk-india-fta-raises-a-cocktail-of-questions/article69579224.ece The grand-sounding tariff reduction by the UK on 99 per cent of tariff lines covering almost all of India’s exports is not as
*****Unemployment rate at 5.1% in April, more men jobless than women – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/unemployment-rate-at-51-in-april-more-men-jobless-than-women/article69579299.ece The data is based on a survey among over 89,000 households and over 3.8 lakh persons The government on Thursday said that unemployment
