Business Companies High Court Industries Market

GST : Two High courts given two different orders on Single issue causes havoc

Inside GST  Input tax collection higher than the output tax paid tax Single issue , two High courts given two different orders raised confusions    Contrary to a Gujarat High Court (HC) verdict, the Madras HC on Monday held Rule 89(5) inserted by the government under the CGST Act on restricting such input tax refunds Read More…

Banks Indian Subcontinent Industries Jobs Market

Economic Collapse : Modi Cajoles Banks in India to offer more credit

Following Economy down scale prior outbreak of Covid-19, and then lockdown issue bank credit growth fallen drastically to 7 per cent in May from 11.5 per cent a year ago.   The growth is likely to remain muted during the current fiscal due to uncertainty and consequent risk aversion on part of borrowers as well Read More…

Business Companies Industries Market

Finance Minister Claim Rs 8,320 crore released under ECLGS for MSME

The Finance Ministry on Sunday said public sector banks have disbursed Rs 8,320 crore till June 5 under the Rs 3-trillion Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, hit hard by the coronavirus-induced lockdown. PSBs have sanctioned loans worth Rs 17,705.64 crore under the 100 per cent ECLGS starting June 1.   Read More…

Business National

Former RBI Governor Cautioned NPAs : Parliament Estimate Committee

Former Reserve Bank of India Governor Raghuram Rajan has cautioned the government against giving loans and loan waivers without “due diligence” as these may be preparing the environment for future non-performing assets (NPAs). His comments, in the reply to the estimates committee of parliament, which had sought his views on the NPA crisis, come with Read More…