A bankruptcy court has reportedly ruled that a promoter cannot escape liquidation of her personal assets by simply filing for bankruptcy. Going after the personal
Goods & services tax: Tax reform’s just one bit of it–Economic Times–20.07.2017
By Krish Iyer India has finally introduced the goods and services tax (GST) that is going to facilitate the creation of ‘one nation, one tax,
Bad loans crisis: In shocking revelation, banks may take Rs 2.4 lakh crore haircut just to resolve 50 top NPA accounts – The Financial Express–20.07.2017
The report said the economic value method has been applied to arrive at the sustainable level of debt. Banks may have to take a haircut
GST protests a sham; tax on fabrics a non issue; know the horror stories and more – The Financial Express–20.07.2017
As the textile trader sends the product for dyeing and printing, he will pay processing charges, with a 5% GST. Before the government made
GST must not turn into instrument for pushing small and informal out of economic mainstream – The Financial Express–20.07.2017
The problems might continue for several businesses even after they migrate to GST if they are part of value-chains that rely extensively on products not
As jitters subside, focus shifts from first GST invoice to first GST return – The Financial Express–20.07.2017
Since the GST law is at a nascent stage, varied interpretations by trading partners were expected. Amidst the commotion on account of implementation of
Widening of direct tax base | Business Standard Column–20.07.2017
Implementation of the goods and services tax (GST) from July 1, 2017, is a huge step forward in uniform nation-wide collection of indirect taxes. Prime
Exporters continue to face the heat as shipments pile up | Business Line–20.07.2017
Three weeks after the implementation of the Goods and Services Tax (GST) regime, exporters are still struggling to get their consignments shipped as customs officials
Taxpayer base likely to reach 90 lakh, says GSTN Chairman | Business Line–20.07.2017
The taxpayer base seems to have expanded significantly under the Goods and Services Tax (GST) and the GST Network expects the total registrations for the
[ IBC Law ] More steel to lenders | Business Line
The Gujarat High Court verdict in the Essar Steel case sanctifies the IBC process and strengthens the hands of lenders Counter-intuitive as it might
Canara Bank Q1 profit up 10% | Business Line–20.07.2017
Aided by lower deposit costs, improvement in interest & non-interest incomes Reduction in cost of deposits and improvement in net interest income and non-interest income
‘India’s economy set to reclaim top spot for growth this year’ | Business Line–20.07.2017
Having been in the offing for close to two decades, the goods and services tax (GST), which the government touts as the biggest domestic tax
[Income Tax Evasion–]Mission clean up | Business Line–20.07.2017
While the Central Board of Excise and Customs is busy issuing Notifications and Circulars in a bid to clear the confusion over various provisions of
Cement majors put up a strong show in June quarter | Business Line–20.07.2017
The stock prices of the top two cement players — ACC and UltraTech Cement — were down marginally post announcement of their results. However, both
UltraTech Cement plans to raise ₹9,000 cr for funding capex, reduce debt | Business Line–20.07.2017
Cement major will be investing ₹2,200 cr on de-bottlenecking projects UltraTech Cement, an Aditya Birla group company, plans to raise ₹9,000 crore through issue of
Aadhaar card: Supreme Court hints it could plump for privacy – The Financial Express–19.07.2017
The regular bench hearing the Aadhaar cases will subsequently decide every challenge to scheme in due course on a case-to-case basis, the apex court said.
Social security for poor: Insurance schemes PMJJBY for life, PMSBY for accident cover great ideas, but Centre ends up paying bill – The Financial Express–19.07.2017
As compared to Rs 100 per Rs 1 lakh of personal accident cover from non-life insurers, the PMSBY charges a mere Rs12 per year for
India’s digital economy to be $1 trillion in 5-7 years: Ravi Shankar Prasad – The Financial Express–19.07.2017
Union IT Minister Ravi Shankar Prasad on Tuesday said India’s digital economy is going to be $1 trillion in the next 5-7 years from the
Bad loan crisis: Crackdown by banks sends borrowers scrambling to offer solutions – The Financial Express–19.07.2017
A large number of these borrowers are from the steel, power and telecom sectors. (Reuters) Indian banks are beginning to spot a welcome change in
GST impact on cigarettes: ITC stock falls most in 25 years, market cap plunges by Rs 50,000 cr – The Financial Express–19.07.2017
The government is expected to earn about Rs 5,000-crore additional revenue through the increased cess.(Reuters) The share price of ITC on Tuesday fell the most
