Banikinkar Pattanayak

Govt warns mills of action for selling sugar below MSP

The government has now warned mills of strict action if they offload stocks below the minimum sale price set by it.

India News

Angel Tax: Why start-ups are not sure if current relief will work

The CBDT last month sent letters to principal chief commissioners of income tax, asking them to “identify the start-up cases pertaining to them and to ensure that no coercive action is taken in these cases”.

angel tax exemption, angel tax india, angel tax startups, angel tax startup india, angel tax startup india, startup angel tax News

Govt’s sugar quota system is floundering — Here’s why

Mills are barred from selling more than the quotas and are liable to penal action for any violation, although no action has been initiated so far.

sugar, sugar industry, economy, india economy, sugar mills News

Start-ups hiring fewer women to skirt 26-week maternity leave rule

The annual turnover limit for the start-up status has been raised four times to Rs 100 crore to extend benefits meant for start-ups to a much larger number of companies.

sme, small and medium scale industry, start up sector, start up industry News

E-commerce firms ask govt to allow sharing customer data with group companies

The draft says sharing of data with third party entities, even with customer consent, is barred under the policy

ecommerce, ecommerce sector, ecommerce industry, ecommerce firms News

Tighter housing finance norms on cards after IL&FS, DHFL defaults expose risks

Move latest in a series of initiatives after IL&FS & DHFL fiasco.

Banking & Finance News

Angel tax: No coercive action, dispose of cases quickly, CBDT instructs I-T

Also, there are talks going on that the government would give relaxation to start-ups who have already had negative assessment orders.”

GST on insurance premium, life insurance GST rate, gst rate on insurance premium, Tax savings, Section 80D , Section 80C, insurance premium, GST, insurance, News

India, US near amicable trade deal: New Delhi to replace price cap for stents, US may lift levy on steel

New Delhi to replace price cap for coronary stents; US may lift extra levy on steel.

Economy News

Liquidity for HFCS: NHB disburses Rs 1,161 crore in just 9 days

Of this, rollover/redemption is expected to be around Rs 1-1.2 lakh crore in March alone.

Banking & Finance News

Singapore largest FDI source, leaves Mauritius far behind

Total inflows may drop for the first time in Modi era in FY19; chemicals attract highest FDI, beating services

Economy News

Angel tax relief: Start-ups rush to register with DPIIT

Prime Minister Narendra Modi had launched Start-up India on January 16, 2016 and registration with DPIIT picked up pace in 2017.

tax-free bonds, government bonds, Large Investment, tax exempt, Capital Gains, Short-Term Investors, Wealth Creation, tax saving bonds, tax saving, tax free bonds, News

PM-Kisan scheme to drastically cut farmers’ vulnerability: CEA Krishnamurthy Subramanian

CEA Krishnamurthy Subramanian says the investment cycle is picking up, as many firms have hit capacity utilisation of 80%, which is when they usually start fresh investment.

PM-Kisan scheme to drastically cut farmers’ vulnerability: CEA Krishnamurthy Subramanian

IL&FS exposure: IBA may again turn to RBI for relief to banks

Following the series of defaults by some entities of IL&FS, the government superseded the board and appointed Kotak as its chairman in October 2018.

RBI, Monetary Policy Committee, Shaktikanta Das, rbi policy rate, Inflation, oil prices News

Helping the sugarcane farmers: Mills likely to get additional Rs 6,000 crore in subsidised loans

Mills likely to get additional Rs 6,000 crore in subsidised loans.

Economy News

Angel tax relief for startups: Order soon on higher threshold

The angel tax is typically an impost on the extra capital raised by an unlisted firm through the issue of shares over and above their fair market value.

Industry News

Bidders under IBC get nod to tap ECB route

No change in February 12 circular, says governor Das

Reserve Bank of India, Insolvency and Bankruptcy Code, Shaktikanta Das,  external commercial borrowing, Essar Steel, SARFAESI Act News

RBI increases collateral-free farm loan ceiling 60% to Rs 1.6 lakh

RBI proposes to set up an internal working group to review various issues plaguing farm credit

RBI, marginal farmers, interim budget, PM kisan scheme, agricultural loans, inflation, nabard News

Relief for startups: Angel tax exemption limit may be hiked to Rs 25 crore

The angel tax is typically an impost on the extra capital raised by an unlisted firm through the issue of shares over and above their fair market value.

Angel tax exemption, Funding limit of Angel tax, DPIIT, I-T Act, money laundering, Narendra Modi  News

Big bank theory: Modi govt may merge PNB, OBC and PSB to create giant PSU lender

The amalgamation will be a part of the government’s efforts to create a few strong banks with much larger balance sheets to support the rising credit appetite of the economy and enable optimum utilisation of resources.

PNB, OBC, P&SB, DPIIT, Bank of Baroda, Dena Bank , NPA ratio of PNB,  Reserve Bank of India  News

Budget 2019: Government to miss fiscal deficit target in FY 2019 & 20

Fiscal deficit to miss target by 10 bps in FY19 and 30 bps in FY20, thanks to PM-Kisan; meeting 3% target by FY21 doubtful now

Budget 2019 News

Insolvency and bankruptcy code: Government’s best bet against the bad loan mess

The increasing application of the IBC marks a clear shift in the balance of power in favour of creditors, instead of defaulters. The fact that Essar Steel promoters now want to clear all dues to retain control is a testimony

Economy News

NPA crisis: Not just recapitalisation, PSBs must change hands

From using the old tricks of capitalising even sinking public-sector banks (PSBs) to bringing in new reforms like the Insolvency and Bankruptcy Code (IBC) to facilitate an early detection and time-bound resolution of stressed

Banking & Finance News

Trade wars: India may defer retaliatory tariffs against US yet again

However, India is the only major country whose goods trade surplus with the US narrowed in both 2017 and 2018 — a fact New Delhi has been highlighting in its talks with Washington.

Economy News

Budget 2019: Gold savings schemes to get a new push as govt eyes idle yellow metal holdings

Monetisation scheme to be made more attractive, early exit and hedging options for sovereign bonds.

Budget 2019 News

Single-brand retail: Easier sourcing rule soon for big-ticket FDI

India’s FDI policy has introduced a rather odd distinction between multi-brand and single-brand retailing; now, the policymakers are singling out the biggies in single-brand retailing from the rest of the pack.

single brand retail, fdi, fdi in retail, News

IL&FS crisis aftermath: Govt, lenders to weigh solution

Recently, Liberty House missed the deadline to meet its commitment and to take over Amtek Auto, prompting banks to approach the National Company Appellate Law Tribunal (NCLAT) for action against the winning bidder.

Industry News

Budget 2019: FM Arun Jaitley has limited manoeuvring space after GST

Manoeuvring space for Jaitley though is limited, partly due to the fact that decisions regarding GST are being made by the GST Council.

gst, gst council, arun jaitley, finance minister arun jaitley News
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