The MoLE in its advisory in January 2016 suggested states not to inspect start-ups during first 3 years of their existence under six specific labour laws.
Entities face issues such as difficulty in coding items in HSN codes, need for filing service tax returns for each state of operation and likely challenges in matching of invoices under the new indirect tax regime.
After prime lending rate, benchmark prime lending rate, base rate and marginal cost of funds-based lending rate, the central bank is planning to come up with another system to price loans.
Currently, there are four credit bureaus in India — Credit Information Bureau (India) Ltd (CIBIL), Equifax, Experian, and CRIF Highmark. These bureaus provide credit scores and allied reports and services. A Public Credit Registry will complement private credit bureaus by certifying details of collateral.
More than half of respondents feel fast growth, capacity addition and stable commodity prices will be key driver of credit conditions for corporates.
Higher focus on capital-intensive and high-skilled sectors in India has led to fast growth only in segments such as automobile and telecom which do not employ low-skilled workers; as a result of this, vast majority of workers remain concentrated in agriculture and unorganised sectors
In Delhi, on April 2, 2017, around 20 eye patients had to be rushed to AIIMS from the GTB Hospital as they complained of breathlessness, blurred vision, redness, etc after being injected with allegedly Avastin.
Profits deteriorated sharply in the last two years as NPAs spiked and the RBI-mandated asset quality review forced them to make higher disclosures of non-performing loans.
The action plan stated that the UP government, just like MP government, should consider direct and part payment to farmers from whom the seed is procured by the suppliers.
The number of cases under the Insolvency and Bankruptcy Code 2016 went up to 87 in June, compared with 7 in January. On a quarterly basis, 202 cases were admitted in April-June as against 35 in January-March, as per data from NCLT benches
Any person whose aggregate turnover in a financial year exceeds the threshold limit of Rs 20 lakh (Rs 10 lakh for north-eastern states), shall be liable to obtain registration.
GST is expected to significantly boost buyer and investor sentiment which has been subdued for a while.
Students at a driving school in Bihar’s Saran district remain unemployed after undertaking the skill development programme and wait not just for the course completion certificates but also for their commercial driving licences
The DTAB suggested the health ministry that each state’s drug-controlling authority should create an intelligence cell with a nodal officer for market surveillance and conducting investigation related to spurious or adulterated drugs.
While small businesses appear to be benefiting from the Mudra scheme, the absence of a transaction history acts as a major impediment for new borrowers
Former RBI Governor YV Reddy: Any government is well advised to take the technical advise of the RBI more seriously.
The Niti Aayog's report, submitted before the United Nations, acknowledges that anti-poverty programmes like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) helped weaker sections of the society.
The Nordic country is currently collating database of 2,000 unemployed people who are paid tax-free €560 each a month under a two-year universal basic income experiment started in January.
While July 1 roll-out date has been confirmed by the govt, India Inc’s concerns remain unresolved on issues such as e-way bill
While there are no DCGI norms for the drug’s usage, experts suggest ‘proper aseptic technique’ and precision instruments should be a priority
‘Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets’
Over 60% of total notified area of 44,177.69 hectares lies vacant; 224 SEZs designated as ‘non-operational’ while another 109 have been approved for cancellation
In extreme cases, the PCA framework provides the RBI with powers to force mergers or even wind up the non-compliant banks.
The Goods and Services Tax Network has placed the draft RFP for public feedback to hire a Managed Service Provider for developing backend
The finance ministry has set some conditions before public sector lenders with not-so-strong finances, like reducing NPAs, and shutting down not-profitable branches for capital infusion
Analysts have also raised concerns about the multi-tier tax structure for both goods and services under GST that is expected to add to complexities.
Most of these people (Adani, Nestle, Patanjali etc), who are in organised retail sector, have international brand value for which quality is very important. So, they adopt all international practices of quality control.
Panagariya said that while the process of undertaking such an asset sale programme is underway, the government might not initially look at lucrative sectors due to the complexities involved.
Given the slow pace of currency printing and indications from govt sources, it is unlikely that there will be full replacement of banned notes
There was a sharp jump in March, likely due to last-minute tax collections and payment rush towards various income tax-saving instruments.
The ministry also suggests rationalisation of ‘cost of connection’ for rural households, 100% metering at all levels to ‘facilitate energy audit’ and rationalisation of tariffs
While the govt says “we welcome investment from Qatar or from any one else”, local airlines say that permitting 100% FDI in domestic market does not bring in much capital investments as most planes in the sector are leased and departure & landing slots are assets
‘Steps such as making bioequivalence studies mandatory for certain classes of generic drugs manufactured in India, stent price control are welcome moves’
Merchant bankers, in a meeting with the government, raised concerns over issues such as reports of company workers’ deaths in coal mines, engagement of children in mining operations and green house emissions
Despite adoption of various methods to improve the quality of services delivered, lack of mechanism for evaluating the improvement in services has proved to be a key hurdle for development of online governance
The Centre has reiterated that rates will be closer to existing tax incidence, but industry says early knowledge of structure will help it undertake pricing of products commensurate with new taxation system
LFW W/F 2017: Ritu Kumar, Masaba, Sanjay Gupta and highlights from Day 1