Sunny Verma is an Assistant Editor with The Indian Express and writes on economy and finance.
Of the total, 162 actively traded companies’ financials show that several firms on the Sebi list have operational businesses and have been reporting quarterly revenues and profits on a regular basis
Sharp fall in refinance to public sector banks, down 28.90% to Rs 1,886.73 crore
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.
An increase of about 41% as compared with the previous year’s Rs 57,586 crore: Finance ministry data
Doklam standoff: The investment exposure of Chinese companies in India over the last 17 years, which remains limited to a cumulative FDI inflow of $1.63 billion (Rs 10,094 crore) as on July 31, 2017, shows a notable rise in Chinese business interest over the last three years.
The government has also firmed up plans to enable electronic registration of properties, for which Aadhaar-based authentication will be a prerequisite.
In January, Arvind Panagariya had raised the first red flag on the possibility of taxpayers being harassed post-demonetisation and had reportedly written to the Prime Minister’s Office.
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
Government data show that while the value of attached properties is Rs 813 crore, those attached in Kolkata region alone accounted for Rs 477 crore or more than 58 per cent of the value of benami properties under provisional attachment.
The Reserve Bank says it has no powers to freeze such accounts currently
While Gujarat comes on top in terms of providing placement through exchanges, it isn’t the top state when it comes to the number of job-seekers. That’s Tamil Nadu with more than 80 lakh registrations with employment exchanges in first nine months of 2015, as against Gujarat which had only 6.88 lakh registrations.
The Central government and states’ investment in infrastructure sectors put together is estimated at 88% of their original Plan estimates
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.
I-T demand of tax on $150 million investment in NDTV
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
‘Most severe shock of 15% of restructured standard advances and 10% of standard advances becoming NPAs will eliminate banks’ profits for 2016-17’
On July 1, at the ICAI event, the PM said that while transactions of more than 3 lakh companies were under the radar of suspicion post demonetisation, he said that “one lakh companies were struck off the list by the stroke of a pen.
Those in favour of imposing a lock-in period say it is creating unnecessary churn within the industry, with the beneficiaries being agents and brokers who earn a fee on the same.
The recent spurt in IPO listings has given retail investors a variety of choices, but experts suggest them to be selective and not lose focus on listed stocks
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
One of the reasons petroleum products such as crude oil, natural gas are not part of the GST is the reluctance on part of the states and the Centre to share this steady stream of revenues from the sector, which is a cash cow for them.
Finland’s citizen-centric Kalasatama project, which gives start-ups a platform for innovation, aims to free up one hour for its residents everyday by offering smart mobility and daily-use apps
The first two digits of the 15-digit GSTIN represent the state code as per the Census of India, 2011. The next 10 digits are the taxpayer’s PAN. The The thirteenth digit is assigned based on the number of registration within a state. The fourteenth digit is Z by default. The last digit is the check sum digit code.
Extreme heat alters the density of air, making it thinner. Thin air prevents generation of required ‘lift’, and makes it more difficult for aircraft to take off. Thus, as it gets hotter, planes need progressively longer runways and greater engine power to reach the speeds needed to become airborne.
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.
Central bank resists, doesn’t cut; Govt says there’s strong case for easing rate
While FY17 saw capacity addition of 86.59 MT, which is 1.5 times of that added in FY14, the ports spent only Rs 1,196 crore during the period
Currently, Jet Airways, Air India Express and IndiGo are among the Indian carriers flying to Doha directly.
The civil aviation ministry has started inter-ministerial consultations on amending the Airports Authority of India Act, 1994, to expand the scope of usage for land owned by the Authority.
The NIIF was set up with a targeted corpus of Rs 40,000 crore over the years— 49 per cent of this amount to be funded by the government and the remaining to be raised from domestic and global investors, including international pension funds, sovereign wealth funds, among others.
Minister of State for Civil Aviation Jayant Sinha said Air India and Indian Airlines merger in 2007 did not yield the desired strategic and operational benefits as was expected.
With state-run carrier Air India reeling under financial pressure, the chorus for its disinvestment has off late gained momentum, with Finance Minister Arun Jaitley being the latest to have suggested the same.
This is aimed at gradually replacing the existing practice wherein the borrower or the issuer company pays the agency rating its credit worthiness, leading to a clear conflict-of-interest.
Direct funding from external agencies available only for project with regular revenues that are able to provide for repayment of principal and interest
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
Apart from the DIPP secretary, the FIPB comprises the commerce secretary, economic affairs secretary, overseas Indian affairs secretary and economic relations secretary in the Ministry of External Affairs.