Stern action is warranted in cases where auditor negligence is proved The repercussion of the move by the Ministry of Corporate Affairs, seeking the barring
ICON Meeting on 13.06.19–Issues –Updated
Society Building and Individual Flats
For India Inc, 30-day grace after loan default comes as a major relief | Business Standard News
The Reserve Bank of India (RBI) has dropped the one-day default rule and given a 30-day breather to lenders for review of the borrower account.
View: India Inc needs a bailout – The Economic Times
But who would provide this kind of money to the buyout vehicle? Fiscal deficit worries rule out the government. Events and personages occur in history
Over Rs 2.05 lakh cr frauds in 11 years: ICICI Bank, SBI and HDFC among top victims – The Economic Times
Some of the foreign banks operating in India also reported fraud cases worth crores during the last 11 fiscal years. Of over 50,000 frauds that
GST Return: New GST return system for taxpayers: Here are all the details–Economic Times
The GST Council in its 31st meeting had decided that a new GST return system will be introduced for taxpayers. The government has unveiled a
indiabulls ltd: Indiabulls moves SC, seeks urgent listing of plea filed against it – The Economic Times
Indiabulls Housing Finance Ltd (IHFL) moved the Supreme Court Wednesday seeking urgent listing of a plea which alleged that it misappropriated Rs 98,000 crore of public money. The matter was
IL&FS case: Govt gets tough with auditors, at last – The Financial Express
PWC is the latest to resign, as an auditor of Reliance Capital and Reliance Home Finance. After being quite lenient, thanks partly to a sluggish
Jet Airways sale: Lenders, stakeholders to meet to iron out thorny issues – The Financial Express
By Anwesha Ganguly In an effort to iron out the thorny issues involving the sale of Jet Airways, its lenders and representatives of Etihad Airways
Confronting macro challenges | Business Standard Column
As the freshly mandated National Democratic Alliance government prepares its first Budget, it confronts a daunting set of macroeconomic challenges, with every key macro indicator
IL&FS case: Auditors have many questions to answer, says Corp Affairs Secy | Business Standard News
Crisis-hit IL&FS group’s debt burden is estimated to be more than Rs 94,000 crore As the probe continues into the IL&FS case, a senior government
Why Brexit Britain needs Raghuram Rajan as BoE chief – The Hindu BusinessLine
Raghuram Rajan has delivered some uncomfortable economic truths in a career spanning the International Monetary Fund and powerful positions in his native India. The question
ICON
Society Building
new labour legislation: Govt planning new labour legislation by merging 44 laws under 4 categories – The Economic Times
Aimed at helping investors and accelerating growth, the Modi government is planning a new labour legislation that would merge 44 labour laws under four categories– wages, social
GST RETURN: New GST return system for taxpayers: Here are all the details–Economic Times
The GST Council in its 31st meeting had decided that a new GST return system will be introduced for taxpayers. The government has unveiled a
For Aadhaar without restrictions on use–Economic Times
The RBI should extend the deadline for enforcing detailed know-your-customer norms for payment wallets, and the government should expedite fresh legislation that would allow use
Creditors can expect 100 per cent recoveries under IBC – The Economic Times
The IBC has strengthened creditors’ rights and the credit market will continue expanding, he pointed out. Creditors can expect 100 per cent recoveries from their
Explained: India’s banking woes is because of poor people management – The Financial Express
By Ritesh Kumar Singh An aspect of Indian banking crisis that hasn’t gotten much attention is HR mismanagement in state-owned banks. Poor people management is
NPA crisis: Why RBI’s new framework on bad loans is interesting – The Financial Express
It is not quite sure as to how this will work out in the times to come. But the RBI has plugged this gap in
NPA crisis: RBI does well not to water down resolution norms – The Financial Express
RBI has also warned banks against ever-greening accounts While the new guidelines on stressed assets put out by the Reserve Bank of India (RBI) do
