GST: Government notifies changes to rules on input tax credit
The govt permitted officers at the level of commissioners to bar debit of input tax credit for one year in case of credit being availed fraudulently. The GST Council had approved a proposal in this regard at its meeting on December 18 to check tax evasion and menace of fake invoicing.
Risks loom for state banks binging on sovereign bonds
Bond holdings as a proportion of deposits stood at about 29% in the two weeks ended D...
TCS says two UK-based credit unions move to its cloud banking solution
TCS said the companies selected TCS BaNCS Cloud for Banking to drive t...
UTI Mutual Fund gets Rs 20.50 crore from Altico Capital
UTI Credit Risk Fund had an exposure of about Rs 200 crore in debt security of Altico Capital.
Offshore bond craze rolls on after record issuance in 2019
The firms sold a record $22 billion of notes overseas in 2019.
View: RBI & SEBI can look at innovative regulation to tackle dubious practices in credit rating agencies
The central bank called for scrutiny of practices, and these include one where credit rating agencies seem to have a nudge-nudge wink-wink arrangement for ‘indicative ratings’ that are not disclosed to lenders whose money is eventually being risked.
Credit growth in FY'20 to touch 58-year low: Report
ICRA ratings suggest bank credit is expected to grow at 6.5-7.0% during the current fiscal ending March '20.
SBI expecting better corporate credit growth in 2020: Dinesh Kumar Khara
We expect at least a couple of more NPA accounts getting resolved in the January-March quarter.
ETRise MSME Ranking: MSMEs need holistic system to trim low capital supply
The event, hosted under the aegis of ET Rise MSME Ranking, saw panelists discussing a broad spectrum of ideas on overcoming challenges cripp...
India ranks 47th out of 56 countries in housing price appreciation: Report
The report ranked India at the 47th spot among the 56 countries/territories tracked, in terms of appreciation in residential real estate prices, with a marginal 0.6 per cent year-on-year (YoY) rise in home prices.
Trump safe as Republicans unlikely to break ranks: Alastair Newton
Donald Trump is likely to turn his attention increasingly to the European Union as far as trade matters are concerned.
Good to see PM intervening in economy, we wait to see action: Ajay Piramal
A lot of changes have taken place in the environment for doing business in India. All of these measures are geared towards improving corporate governance practices. Sometimes, one may feel that the changes which are being suggested are much too rapid and these could have been put in place more gradually but this is the way the world will be.
India's fintech adoption fairly advanced: Monsoon CreditTech's Ashwini Anand
Monsoon CreditTech is one of the seven fintech companies to be part of Mastercard Start Path programme. Talking to ET Online, the startup CE...
Telecom companies won’t get input tax credit refund: Sushil Modi
Demand for Rs 36,000 crore relief not considered, says convener of the GoM on Integrated GST. Telecom service providers have been urging the government to refund the input tax credit or adjust the amount against their statutory dues. They have sent several requests to the finance ministry. Adjustment of credit refund against the dues would've helped telcos.
US: Armed man inside Illinois bank with at least 1 hostage
Authorities in Illinois said customers or employees were stuck inside a bank with an armed robber Friday. Police surrounded Heritage Credit ...
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