Finance Minister Arun Jaitley today said the GST has stabilised in a very short time that provides an opportunity to widen its base and further rationalise the rates in the future.
-NDTV Profit
The Govt is considering a proposal to extend the time limit for the bankruptcy resolution process by up to 60 days following recent changes in the Insolvency and Bankruptcy Code (IBC) that have led to a reset in the process in many cases, said officials aware of the matter. This could mean more time for the 12 big cases undergoing resolution that were on the first list sent by the RBI to banks in June, calling on them to be referred to the NCLT. These companies account for about 25% of all NPAs.
-Economic Times
A district consumer forum has held the SBI guilty of deficiency in service for debiting money from a bank account despite a failed ATM withdrawal and awarded a compensation of Rs 3,000 to the account holder. Besides awarding the compensation, the consumer forum in Akola district also directed the bank to refund the wrongly debited amount of Rs 5,000 and pay Rs 2,000 towards the legal cost to the account holder.
-Moneycontrol.com
Foreign exchange reserves continued rallying for the fourth week with a new high of USD 414.784 billion USD in the week to January 19, attributable to a rise in foreign currency assets. As per data issued by the RBI, reserves saw a spike of USD 959.1 million during the aforementioned time period.
-Deccan Chronicle
The size New India Assurance Co has the largest capital and surplus in the general insurance industry in the country, the Co said citing AM Best's credit ratin, in a regulatory filing in BSE.
-Economic Times
Idea Cellular has approached the Govt for raising FDI level in the Co to 100%. "Application made to Department of Industrial Policy and Promotion for 100% FDI in Idea," the Co said in an investor presentation.
-Business Today
The government should have been vigilant to the spike in demand for bitcoins post the note ban, Swadeshi Jagran Manch co-convener Ashwani Mahajan said today, expressing dismay over lack of estimates about the "size and quantum" of black money till date. He also said that there exists conflict of interest at various institutions, including regulators such as FSSAI. Besides, Mahajan said, the Govt should have looked into the way technology was used to launder black money outside India.
-Moneycontrol.com
-NDTV Profit
The Govt is considering a proposal to extend the time limit for the bankruptcy resolution process by up to 60 days following recent changes in the Insolvency and Bankruptcy Code (IBC) that have led to a reset in the process in many cases, said officials aware of the matter. This could mean more time for the 12 big cases undergoing resolution that were on the first list sent by the RBI to banks in June, calling on them to be referred to the NCLT. These companies account for about 25% of all NPAs.
-Economic Times
A district consumer forum has held the SBI guilty of deficiency in service for debiting money from a bank account despite a failed ATM withdrawal and awarded a compensation of Rs 3,000 to the account holder. Besides awarding the compensation, the consumer forum in Akola district also directed the bank to refund the wrongly debited amount of Rs 5,000 and pay Rs 2,000 towards the legal cost to the account holder.
-Moneycontrol.com
Foreign exchange reserves continued rallying for the fourth week with a new high of USD 414.784 billion USD in the week to January 19, attributable to a rise in foreign currency assets. As per data issued by the RBI, reserves saw a spike of USD 959.1 million during the aforementioned time period.
-Deccan Chronicle
The size New India Assurance Co has the largest capital and surplus in the general insurance industry in the country, the Co said citing AM Best's credit ratin, in a regulatory filing in BSE.
-Economic Times
Idea Cellular has approached the Govt for raising FDI level in the Co to 100%. "Application made to Department of Industrial Policy and Promotion for 100% FDI in Idea," the Co said in an investor presentation.
-Business Today
The government should have been vigilant to the spike in demand for bitcoins post the note ban, Swadeshi Jagran Manch co-convener Ashwani Mahajan said today, expressing dismay over lack of estimates about the "size and quantum" of black money till date. He also said that there exists conflict of interest at various institutions, including regulators such as FSSAI. Besides, Mahajan said, the Govt should have looked into the way technology was used to launder black money outside India.
-Moneycontrol.com
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