FinMin simplifies GST anti-profiteering form to make it easier for people

FinMin simplifies GST anti-profiteering form to make it easier for people While simplifying the form, it was kept in mind that a common man should be able to apply without the help of an accountanThe Finance Ministry has simplified and reduced the number of columns in the complaint form to make it easier for consumers […]

Continue Reading

RBI to revive pre-policy meetings with bankers and industry executives

RBI to revive pre-policy meetings with bankers and industry executives The April policy, being the first one of the new fiscal year, is important as it spells out overall path of the policy and outlook on aspects such as inflation and growth The RBI had revived the practice of meeting bankers and industry associations prior […]

Continue Reading

I-T offices to remain open from March 29 to 31 for filing returns

I-T offices to remain open from March 29 to 31 for filing returns Income tax offices and Ayakar Seva Kendras (ASKs) will remain open during holidays from March 29 to 31 to facilitate filing of returns by taxpayers before the end of the current financial year.The last date for filing of belated returns for Assessment […]

Continue Reading

Private bank route for foreign portfolio investors may be non-starter

Private bank route for foreign portfolio investors may be non-starter Seems unlikely to elicit significant interest from investors after Sebi’s decision to keep NRIs out The Securities and Exchange Board of India’s (Sebi’s) decision to disallow resident Indians, non-resident Indians (NRIs) and those under the Overseas Citizen of India (OCI) category from investing through private […]

Continue Reading

SEBI plans new framework to check non-compliance of listing rules

SEBI plans new framework to check non-compliance of listing rules The firms may be suspended for six months and subsequently, the process of compulsory delisting would be initiated SEBI plans to put in place a stronger mechanism to check non-compliance of listing conditions, wherein exchanges will have powers to freeze promoter shareholding and even delist […]

Continue Reading

Govt tries to soothe bond market jitters; to borrow Rs 2.88 trn in H1FY19

Govt tries to soothe bond market jitters; to borrow Rs 2.88 trn in H1FY19 Borrowing in first half to be 47.5% of budgeted amount for 2018-19 Bond dealers were in for a surprise as the government on Monday moved to ease pressure on the market considerably by reducing the first-half borrowing programme to 47.5 per […]

Continue Reading

High-level panel on IBC review may stick to 270-day resolution deadline

High-level panel on IBC review may stick to 270-day resolution deadline A company’s assets will be liquidated after 270 days A high-level panel set up to review the Insolvency and Bankruptcy Code (IBC) is likely to have recommended against extending a 270-day moratorium for restructuring a company after its case is admitted by the National […]

Continue Reading

IMF may revise India’s fiscal deficit upwards by 0.3% of GDP in WEO report

IMF may revise India’s fiscal deficit upwards by 0.3% of GDP in WEO report The Union government has maintained that the bank recapitalisation will be cash-neutral on its finances The International Monetary Fund’s (IMF’s) upcoming World Economic Outlook (WEO) report may paint a less rosy picture of the government’s fiscal consolidation plan, with the ambitious […]

Continue Reading

RBI to keep policy rates on hold, maintain neutral stance: Report

RBI to keep policy rates on hold, maintain neutral stance: Report The Reserve Bank is expected to keep policy rates on hold and maintain its neutral stance at the ensuing policy review meet early next month, says a Morgan Stanley report. According to the global financial services major, although India’s economic growth is on an […]

Continue Reading