Tuesday, October 23, 2018

Archive for January, 2018

Budget 2018: Task tough to choose between populism, fiscal prudence

Wednesday, January 31, 2018 22:40

Finance Minister Arun Jaitley will today present the current NDA government's fifth and arguably his toughest Budget yet as he seeks to address agriculture distress, create jobs and boost growth while at the same time stick to fiscal prudence.

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India scores better than global average on budget transparency

Wednesday, January 31, 2018 20:46

Every two years, the International Budget Partnership (IBP), using over a hundred indicators, assesses budget transparency based on the amount, level of detail and timeliness of budget information made available to the public.

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‘Don’t interfere, let govt handle Rohingya case’

Wednesday, January 31, 2018 19:36

Additional Solicitor General Tushar Mehta said, “We do not want India to become the refugee capital of the world. I am not sure if it is time to throw our gates open to each and every refugee to come and stay in India. There are security concerns and let the ...

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Rahul’s Rs 63,000 jacket’ suits BJP’s NE campaign

Wednesday, January 31, 2018 19:24

Rahul had attended a concert in Shillong, apparently to reach out to young voters. Dressed in denim trousers and a black jacket. BJP's charge that the jacket was bought with black money drew a sharp reaction from the Congress. Rahul tried to dismiss the controversy by later claiming it was ...

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Benami assets: Buying property in parents’ name? Better to hold it jointly with them

Wednesday, January 31, 2018 19:17

MUMBAI: Till now, all that mattered to the taxman was the source of money. As long as the amount was declared in the tax return, no questions were asked. The law against 'benami' deals has radically altered that settled belief.It's a dramatic change that affluent India is yet to come ...

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Bidders in a fix after Insolvency and Bankruptcy Code Amendment

Wednesday, January 31, 2018 19:11

MUMBAI: Bulge-bracket bidders for bankrupt companies are working overtime to ensure that they don't fall afoul of the amended provisions of the bankruptcy law with Seema Jajodia, sister of Sajjan Jindal of the JSW Group and wife of Sandeep Jajodia, the promoter of Monnet Ispat, taking the extreme step of ...

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US Fed leaves rate unchanged; sets up March hike

Wednesday, January 31, 2018 19:07

By Craig Torres and Christopher CondonFederal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged while adding emphasis to their plan for more hikes, setting the stage for an increase in March under her successor Jerome Powell."The committee expects that economic conditions will evolve ...

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FM Arun Jaitley’s Union Budget 2018: What to watch out for today

Wednesday, January 31, 2018 18:58

Finance minister Arun Jaitley's Budget, the last full one by this government, marks the culmination of months of work, during which officials crunched numbers to make sure they all added up. Will the Budget manage to tread a fine line between the path of fiscal prudence and the usual free-spending ...

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Bhushan Steel promoter seeks recast of Rs 44k-cr debt under S4A scheme

Wednesday, January 31, 2018 18:57

MUMBAI: In a desperate bid to salvage his company from going under the hammer next week, Neeraj Singhal, vice-chairman of Bhushan Steel, has written to all lenders to consider restructuring the Rs 44,000 crore debt under the Sustainable Structuring of Stressed Assets (S4A) mechanism by dividing the debt into sustainable ...

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Buyers of insolvent firms with stressed arms may get to bid for other companies

Wednesday, January 31, 2018 18:53

NEW DELHI: The government is considering amending the Insolvency and Bankruptcy Code (IBC) to allow a person who acquires an insolvent asset that has a subsidiary with a non-performing loan to be eligible for bidding for other insolvent assets.Under Section 29A of the Insolvency and Bankruptcy Code promoters of any ...

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