Sandeep Singh

Articles By Sandeep Singh

Govt advises NDDB to bring Mother Dairy, other units under RTI ambit

The Ministry of Animal Husbandry, Dairying and Fisheries recently told the Parliament that as NDDB Dairy Services was set up through a Rs 200 crore contribution from NDDB, it has advised NDDB to “extend the provisions of the RTI Act, 2005 to its subsidiary companies including NDDB Dairy Services.”

E-drive: High voltage, low charge

Budget incentives, a mission plan, and a 2030 target show the govt’s intention to get India’s sluggish electric vehicle market going. However, from infrastructure and price bar, to policy confusion and a worried market, there is a long way to go. The Indian Express on the many speed breakers

Borrowing rates for govt decline but stay high for individuals, corporates

The Finance Ministry said it would borrow less this year, and pared its fiscal deficit target to 3.3 per cent of GDP, below the interim Budget estimate of 3.4 per cent of GDP. Besides, it also proposed to part-fund its deficit by tapping the international market.

Hyundai Kona SUV: Post Budget EV push, first big electric launch in India

Hyundai Kona SUV launched: S S Kim, MD and CEO, Hyundai India Limited, told The Indian Express that while the car will contribute in setting some electric vehicle culture in Indian market, lack of infrastructure is the biggest challenge.

Centre readies list of land assets for disinvestment

The government has a list of 29 companies that will be put up for strategic sales to private companies.

DIPAM secretary Atanu Chakraborty: ‘Will keep putting products for sale on the conveyor belt’

Chakraborty said that the Budget proposal to increase public shareholding from 25 per cent to 35 per cent will allow more capital flows, which will help fill the savings-investment gap.

Tax on super rich is like giving back to society: Revenue Secretary Ajay Bhushan Pandey

With the Indian economy expected to grow only marginally higher this fiscal, the government has set a realistic target for Goods and Services Tax (GST) and anti-evasion measures will be taken to increase the efficiency of revenue collections, Revenue Secretary Ajay Bhushan Pandey said Saturday.

Union budget 2019: Spent `2 lakh on foreign travel or paid electricity bill of `1 lakh, file your return

In its budget proposal 2019-20, the government proposed to amend section 139 of the Act so as to provide that a person shall be mandatorily required to file his return of income, if during the previous year has entered into certain high-value transactions as mentioned above.

No I-T relief, affordable housing gets a minor boost

A homebuyer buying a home costing Rs 45 lakh and taking a loan of 80 per cent of the value of the house will take a loan of up to Rs 36 lakh.

Corporate tax: Firms with Rs 400 crore turnover to get benefit

By including companies with turnover of up to Rs 400 crore under 25 per cent corporate tax, Sitharaman said the government has covered additional 0.3 per cent of the India Inc into the lower corporate tax slab.

Union Budget 2019: Divestment target hiked to Rs 105,000 crore for FY20

“Government is setting an enhanced target of Rs 1,05,000 crore of disinvestment receipts for the financial year 2019-20. The Government will undertake strategic sale of PSUs. The Government will also continue to do consolidation of PSUs in the non-financial space as well,” said Finance Minister Nirmala Sitharaman.

Kaizad Bharucha interview: ‘We need land and labour reforms and a big focus on developing infrastructure’

Kaizad Bharucha said that as NBFCs had a fair share in retail and rural consumption, it slowed as NBFCs got constrained.

SEBI wants a seat on RBI board and more powers

SEBI’s move comes amidst crisis in the loosely-regulated NBFC sector that has adversely impacted some debt mutual funds which are directly regulated by it.

On Budget table: Likely tax breaks for companies that invest, generate jobs

Budget 2019: A source told The Indian Express that the government recognises the need for private sector investment and job creation, and there is a likelihood that it may announce tax sops for capital investments.

Nimesh Shah interview: ‘NBFC crisis an isolated, company-related event … does not pose any systemic risk’

Nimesh Shah, MD and CEO, ICICI Prudential AMC said that while the issue does not pose any systemic risk, fund houses will have to make distinction between NBFCs which possess securitisable portfolios.

‘Hope to conclude stake sale in two weeks; sector needs govt intervention on multiple fronts’: Chairman & MD, DHFL

Under pressure to meet repayment obligations in a scenario where fresh funding has dried, Kapil Wadhawan, chairman and MD, DHFL, told The Indian Express that the company is hopeful of concluding stake sale with strategic investor over the next couple of weeks.

SEBI to tighten exposure to HFCs; to seek collateral on loan for shares

In February 2017, the SEBI issued a circular increasing the additional exposure limit for debt oriented MFs into securities issued by HFCs from 10 per cent to 15 per in a bid to support funding for the affordable housing segment.

Churn in NBFC sector: Mutual funds invest more, but pick safer options

MFs and investors have started differentiating between wholesale and retail NBFCs. While earlier MFs had been investing heavily in commercial papers and NCD (non-convertible debentures) of all NBFCs, now they are doing pick-and-choose based on the kind of business model,” an industry source said.

Mystery loss of post-dated cheques: one more Ansal, IL&FS link

PenBrook is a joint venture of Mumbai-based real estate company Peninsula Land and Canada-based investment firm Brookfield. Sources said IL&FS Trust Company Ltd, (now called Vistra ITCL after it was acquired by Vistra in 2016), was the trustee company that kept these cheques.

IL&FS top executive bent norms to favour Ansals: Internal report

Raising questions of propriety and conflict of interest, the internal probe report reveals that while IFIN extended questionable loans to Ansal Group companies, Bawa had financial links with Ansal Group companies through AAA Infosystem that was fully owned by Asha Kiran (his wife) and Akansha Bawa (his daughter).