The insolvency regulator has proposed that the resolution plan submitted by an investor won’t extinguish the creditors’ right to proceed against loan guarantors to the stressed firm and enforce realization of guarantees governed through various agreements. The move, suggested in a discussion paper by the Insolvency and Bankruptcy Board of India (IBBI), will make it […]
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MOSPI looking at ways to increase frequency of statistics on employment and unemployment. In what could bridge the gap on high frequency data on jobs in the economy, the Government is looking at increasing the frequency of the Periodic Labour Force Survey. According to sources, the PLFS may move from a quarterly to a monthly […]
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Changing the head of F&O income from ‘business income’ to ‘speculative income’ will be a big step because it will be considered at par with lottery or crypto investments. The Government is considering various options to discourage retail participation in the futures and options (F&O) segment. The proposed steps include moving F&O from the head […]
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Ways to promote ease of doing business, Jan Vishwas 2.0, World Bank’s upcoming B-READY index, and the national single window system, were discussed at a meeting chaired by Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Rajesh Kumar Singh. Officials said that this is the first of such interactions with industry and other stakeholders. We have taken […]
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The fiscal deficit, which reached a record high of 9.2% of GDP in Covid-hit FY21, has been brought down to 5.6% in FY24 and is projected to be 5.1% in the FY25 interim Budget presented on February 1. The Budget for 2024-25 should focus on fiscal rectitude while providing for social welfare, capital expenditure, and […]
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Opinions divided among start-ups; some cite “error costs” of ex ante regulations. The Ministry of Electronics and Information Technology (MeitY) met with prominent think tanks to take their inputs on the draft Digital Competition Bill (DCB), and its impact on the domestic start-ups. The Ministry officials, including the MeitY secretary and members from the Competition […]
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The project cost includes the cost of land, development for core infrastructure, terminals and other commercial infrastructure in the public-private-partnerships mode. The Union Cabinet approved the development of a Rs. 76,220-crore all-weather greenfield deep draft major port at Vadhavan in Maharashtra, which, on completion, will be among the top 10 ports of the world. The […]
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In 2021, the Securities and Exchange Board of India (Sebi) had directed all individual demat and mutual fund folio holders to submit a ‘choice of nomination’ or explicitly opt-out by June 30, 2022. The markets regulator has said demat accounts and mutual fund folios will not be frozen if nomination details are absent. Earlier, it […]
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The Government should bring down the existing GST (Goods & Services Tax) on individual health insurance policies to 5 per cent from the existing 18 per cent to encourage people to buy these policies as a measure of social security, the Confederation of General Insurance Agents’ Associations of India appealed to the Government. The umbrella […]
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The Private wealth funds and family offices are stepping in to fill the gap left by banks and non-banking finance companies (NBFCs) in investments into alternative investment funds (AIFs) following the Reserve Bank of India’s tightened norms for financial institutions investing in AIFs. Vivriti Asset Management, which had a 15% share of banks in its […]
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