Markets 23 Jun 2017 by Tojo Jose

RBI warns banks to address big NPAs or to face action on insolvency procedures

RBI warns banks to address big NPAs or to face action on insolvency procedures

The Reserve Bank of India has warned banks to address big NPAs or face procedures under the new Insolvency and Bankruptcy Code on these accounts. In a communique to banks, the RBI urged settlement of 55 high value NPA accounts within six months. Earlier, the RBI’s Internal Advisory Committee ..

Business 21 Jun 2017 by Tojo Jose

Tata and Singapore Airlines teaming up to acquire ailing Air India

Tata and its global aviation partner – Singapore Airlines are thinking fast to acquire a controlling stake in the ailing Public-sector Carriage Air India. Decades b

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Goverment & RBI 15 Jun 2017 by Tojo Jose

Insolvency regime for financial Sector: RBI’s power to come down

The Cabinet has ratified an insolvency regime for the delicate financial sector. As per the Financial Resolution and Deposit Insurance Bill 2017, financial sector entitie

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Goverment & RBI 13 Jun 2017 by Tojo Jose

CPI inflation registers its lowest since 2012

Retail inflation measured by the CPI has recorded its lowest since 2012 when the index was launched. The new low was caused by contraction of food prices. According to t

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Goverment & RBI 12 Jun 2017 by Tojo Jose

GST: tax rate on 66 items reduced and relief to small enterprises enhanced

The GST Council’s 16th meeting on Sunday has brought down tax rate on 66 items in a fine-tuning exercise. The Finance Minister after the meeting also raised the ex

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Goverment & RBI 08 Jun 2017 by Tojo Jose

RBI brings advanced regulations for rupee denominated bonds

The Reserve Bank of India has made changes in Rupee denominated bond issue guidelines, enhancing the utility of RDBs from the Indian angle. RBI’s new regulations fo

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Goverment & RBI 07 Jun 2017 by Tojo Jose

Anti-profiteering body is the next big work for the GST Council

When the government is targeting on an anti-inflationary GST system, it is necessary to ensure that tax reduction on several commodities should brought down prices as wel

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