The Ministry of Corporate Affairs (MCA), on Wednesday, put before public draft note on cross-border insolvency. In a statement, the ministry said, "The MCA is keen to introduce a globally...
Jun 21, 2018
The Department of Telecommunications (DoT) might give conditional go-ahead to the merger of Vodafone India and Idea Cellular today, say media reports. The deal between the country's second...
Jun 18, 2018
The Insolvency and Bankruptcy Board of India (IBBI) has penned down a regulation on fees payable to an insolvency professional and expenses incurred by him during the corporate insolvency...
Jun 14, 2018
The United States Federal Reserve, on Wednesday, raised interest rates by 25 basis points. With this, the Federal Reserve has hiked interest rates for the second time this year and the...
Jun 14, 2018
The country's largest bank, State Bank of India, has planned to pursue a two-pronged strategy comprising portfolio reordering that will reduce the credit risk-weighted assets (CRWA) to total...
Jun 13, 2018
The country's largest bank SBI will conduct auction of 12 non-performing accounts (NPAs) on June 25. The move is aimed at recovering dues of over Rs 13.25 billion. The accounts which...
Jun 11, 2018
The Government of India appointed task force has identified nearly 2,25,910 shell firms, which will be removed from the register of companies in the current financial year. As per an...
Jun 08, 2018
Homebuyers will now be considered as financial creditors to real estate developers. President Ram Nath Kovind has given his assent to promulgate an ordinance amending the insolvency law...
Jun 07, 2018
The Reserve Bank of India (RBI), on Wednesday, hiked the key lending or repo rate by 25 basis points to 6.25 per cent. Consequently, the reverse repo rate stands adjusted to 6.0 per cent, and...
Jun 06, 2018
Given the rapid rise in the size of the US deficit, the US Federal Reserve must slow its plans to shrink the balance sheet, said RBI governor Urjit Patel. "If it does not, treasuries will...
Jun 05, 2018
The Government of India will hold discussions with the industry on electronics manufacturing related specifics in segments like automotive, defence, medical and power that are currently ruled by...
May 31, 2018
Resevera Bank of India is set to announce its bi-monthly policy statement next week and the speculations are high if the central bank will raise interest rates. Global firm UBS says there’s...
May 30, 2018
The Finance Ministry has extended time till June 15 for stakeholders' comments on redrafting of the direct tax law. The panel had, earlier in March, invited stakeholder comments till April 2...
May 29, 2018
The government will place before Monsoon Session of Parliament several amendements related to goods and services tax (GST), PTI reported a senior official as saying. "There are several...
May 29, 2018
GST to be levied during final clearance of warehouse goods Imported goods kept in bonded warehouses and later cleared from there will not face double taxation under GST. In a circular,...
May 28, 2018
The income tax (I-T) department has removed chartered accountants (CAs) from the list of authorised professionals to value shares of closely-held companies, says a Business Standard report. ...
May 28, 2018
India may hike duties by up to 100 per cent on 20 products imported from the US. These include products such as almonds, apple and certain motorcycles imported from the US. India told the WTO that...
May 21, 2018
With an aim to tackle trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government announced that it would double the credit guarantee up to Rs 50,000 crore for 2018-19...
May 14, 2018
The banks have asked the Ministry of Corporate Affairs to include bidding under the ‘Swiss Challenge Method’ in the insolvency code. The move is aimed at curbing litigious bidders from...
May 11, 2018
In order to enhance governance and provide greater transparency, the market regulator Securities and Exchange Board of India (Sebi) has notified changes in the governance norms for listed companies...
May 11, 2018
Notwithstanding RBI deputy governor Viral Acharya's suggestion for a rate hike, the finance ministry does not find any scope for upward movement of interest rates. “My sense is that interest...
May 04, 2018
The Department of Telecom has unveiled the draft of National Digital Communications Policy – 2018. A 22-page document has been put before public domian to seek their comments. The...
May 02, 2018
The GST Council has fixed a target of goods and services tax collections worth Rs 12 trillion for the current financial year. The Council is happy with indirect tax collection figures in the...
May 01, 2018
The GST Council will meet on May 4 via video conferencing to chalk out simpler GST return form and also other amendments required in the indirect tax regime rules, said a PTI report. Chaired...
Apr 26, 2018
Draft rules specifying situations where the recently imposed capital gains tax would apply even though no securities transactions tax (STT) has been paid is in the public domain for comments from...
Apr 25, 2018
The Government of India might promulgate an ordinance to bring changes to the Insolvency and Bankruptcy Code (IBC). The move is aimed at providing relief to small businesses and homebuyers...
Apr 24, 2018
IMF chief Christine Lagarde on Thursday said she does not expect the economic reforms being carried out with a pace in India, with parliamentary election due next year. She, however,...
Apr 20, 2018
The RBI has refused to buckle under pressure from bankers and bureaucrats who are demanding dilution of the new debt resolution norms. RBI Deputy Governor N S Vishwanathan tore to shreds the issues...
Apr 19, 2018
A BofA Merrill Lynch Global Research report says that the Reserve Bank may recoup forex reserves despite India being put on currency manipulator watch list by the US. According to the report, RBI...
Apr 19, 2018
Now, taxpayers will need to file only one GST return per month. The Group of Ministers (GoM) headed by Bihar Deputy Chief Minister Sushil Modi on Tuesday worked out a new ‘fusion’ model for...
Apr 18, 2018
Now field officers will have to abide by standard procedure for interception of goods movement, and also their confiscation. The directions were issued on Friday, 13 days post the e-way...
Apr 16, 2018
In order to bring greater transparency in cross national transactions, the Central Board of Direct Taxes (CBDT) plans to formualate tax rulings that secure information about immediate parent or...
Apr 16, 2018
RBI governor Urjit Patel has ruled out any relaxation in bad loans norms. According to media reports, he conveyed to parliamentarians in a closed-door meeting held in New Delhi on Tuesday, that the...
Apr 12, 2018
The Indian economy is set to record 7.3 per cent growth rate in 2018-19 and 7.6 per cent in the next fiscal, says a new report by Asian Development Bank (ADB). These growth rates are backed...
Apr 12, 2018
The e-way Bill system for intra-state movement of goods will be implemented from April 15 in five states - Andhra Pradesh, Gujarat, Kerala, Telengana and Uttar Pradesh. "With the roll-out of...
Apr 11, 2018
The finance ministry is deliberating writing to Securities and Exchange Board of India (Sebi) to seek relaxation for certain state-owned firms from the criteria under which they must meet the...
Apr 10, 2018
The Monetary Policy Committee (MPC) of Reserve Bank of India (RBI), in its first bi-monthly policy statement last week, decided to keep rates unchanged. However, the neutral stand of the...
Apr 09, 2018
The Reserve Bank of India has decided to switch back to Gross Domestic Product (GDP)-based model from Gross Value Added (GVA) measure to provide its estimate of economic activity in the country...
Apr 06, 2018
The Reserve Bank of India (RBI), in its first bi-monthly monetary policy statement on Thursday, kept the policy repo rate unchanged at 6.0 per cent. "Consequently, the reverse repo rate...
Apr 06, 2018
The recommendations of the 14-member law committee set up to review the Insolvency and Bankruptcy Code has been put out in public domain on the website of Ministry of Corporate Affairs. The...
Apr 04, 2018
The Government of India has imposed 10 per cent duty on imports of populated printed circuit boards (PCBs), camera modules and connectors. The move is aimed at providing stimulus to local...
Apr 03, 2018
While Reserve Bank of India (RBI) is all set to announce its first bi-monthly monetary policy review of 2018-19 on April 5, it is widely believed that the country's central bank will again maintain...
Apr 02, 2018
Corporate governance got a boost in India with the Securities and Exchange Board of India (Sebi) accepting some of the most important recommendations that had been proposed by the Kotak Committee...
Mar 30, 2018
All public sector banks (PSBs) have been directed to obtain a certified copy of the passport of the promoters or directors and other authorised signatories of companies seeking loans of Rs 500...
Mar 29, 2018
The government and the Reserve Bank of India (RBI) might increase the foreign portfolio investment (FPI) limit in long-term government securities (G-secs), said a Business Standard report. ...
Mar 28, 2018
Indian companies fear tax officials may dispute input tax credit claimed for GST paid on raw materials. The firms said they are mulling keeping a certain amount of fund aside to meet risks...
Mar 26, 2018
The prospective buyers of bankrupt companies have raised questions over clauses in the Insolvency and Bankruptcy Code (IBC) in four key areas. Experts say the resolution of many of these...
Mar 23, 2018
The government has said that the new telecom policy will be introduced in the next session of Parliament after a Cabinet nod. “The new telecom policy is almost ready, and, this month, we will...
Mar 21, 2018
The lenders funding bankrupt companies that are under the administration of resolution professional should be paid interest for at least one year from the date of beginning of liquidation process,...
Mar 20, 2018
With inflation likely to notch higher to 4.5 per cent in the next fiscal, the Reserve Bank of India (RBI) is expected to remain on an “extended pause”, says a report by Kotak Economic Research...
Mar 19, 2018