Tata Steel gets notice over Rs 25,000 crore tax waiver, moves Bombay High CourtTata Steel received an order to reassess its 2018-19 taxable income, increasing the amount by over Rs 25,000 crore. The company moved the B...
04 Apr, 2025, 10.44 PM IST
CBDT clarification on tax on freebies could create complications for unlisted companies, say expertsThe government had introduced a new section (194R) to the Income-tax Act, under which a 10% TDS was to be levied from July 1 on transaction...
16 Sep, 2022, 08.33 AM IST
Bankers welcome SC order but brace for hit on reversal of interestAlthough the Supreme Court (SC) has rejected petitions for a complete waiver of interest and extension of moratorium until the end of FY21,...
23 Mar, 2021, 08.31 PM IST
Rajya Sabha approves amendments to insolvency lawIn the wake of the COVID-19 situation, the government decided to suspend the provisions starting from March 25 for six months by promulgati...
19 Sep, 2020, 08.48 PM IST
'Changes to bankruptcy code ready, to be sent to cabinet’The changes include cross-border insolvency framework and harsher punishments for irregularities.
29 Jun, 2019, 08.57 AM IST
Universal debt relief scheme on cards for small borrowersScheme structured under IBC, micro-enterprises, small farmers, artisans, cottage industries to benefit.
13 May, 2019, 08.24 AM IST
12,000 cases filed since implementation of insolvency law, setting up of NCLT, says officialCases under the code can be taken up only after approval from the tribunal, which has benches in different parts of the country.
25 Mar, 2019, 05.15 PM IST
How bankruptcy code can help fix India's agrarian crisisThe IBC’s ‘fresh start’ process provides a systematic manner of waiving debts overseen by a judicial body.
05 Mar, 2019, 06.35 AM IST
2019 to augur very well for PSU banks, specially SBI: Dinesh Kumar Khara“Shashakt, which is a resolution platform outside IBC is also expected to be activated in 2019.”
01 Jan, 2019, 02.08 PM IST
Bad loans: Is this really resolution or just another waiver? Here is Jaitley's answerJaitley here puts in perspective and clear doubts about a complex banking and accounting issue.
14 Oct, 2018, 11.04 PM IST
Arun Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursued"This however does not lead to any loan waiver. Recovery of loans continues rigorously by banks," he said. "In fact the defaulting manageme...
01 Oct, 2018, 08.00 PM IST
No loan waiver for big defaulters: Arun JaitleyJaitley said his government has recognised the nexus at the heart of this and taken firm decisions with regard to defaulters.
28 Nov, 2017, 11.33 PM IST
Waive certain taxes for companies in insolvency proceeding: AssochamThe chamber has also sought exemption from Section 50CA of the I-T Act for the companies which are being revived under the Insolvency and B...
13 Sep, 2017, 03.57 PM IST
Insolvency not the best solution to alleviate NPA pain: HDFC Bank's Aditya Puri"It is a good thing where a company cannot be turned around you should use insolvency, but that does not mean you take to court every poor ...
24 Jul, 2017, 09.19 PM IST
Asset quality pain to continue, GNPAs to rise in FY18: ICRAICRA expects gross non-performing assets (GNPAs) of Indian banks to increase to 9.9% to 10.2% by March 2018 from 9.5% in March 2017 with fr...
22 Jun, 2017, 07.09 PM IST
Debtor list being drawn up for resolution under insolvency lawThe govt is 'actively working' toward consolidation of public sector banks, said FM Jaitley. He, however, refused to provide details.
13 Jun, 2017, 12.41 AM IST
Gross NPAs of PSBs jump nearly Rs 80,000 crore in July-SeptemberAs on September 30, gross NPAs of public sector banks rose to Rs 6,30,323 crore as against Rs 5,50,346 crore by June end.
29 Nov, 2016, 04.50 PM IST