-The Hindu Business Line Bankers call for a coordinated approach to deal with the stressed loans issue New Delhi: The RBI’s revised framework for stressed loans may prove to be disastrous and seems ill timed for an economy that is just recovering from twin policy blows of demonetisation and GST implementation. Though there are long-term benefits of administering such a bitter pill, the short-term risks are significant, say bankers. “This (revised NPA framework) is...
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Arun Jaitley hasn't fulfilled his promise to farmers. So why is he pretending like he has? -Yogendra Yadav
-ThePrint.in The FM knew that the media would not spend that much of time and attention on farmers. He knew that on farmers, you need not put your money where your mouth is. I type the finance minister’s name very carefully. He is “Jaitley”, and not “Jaitlie”. I bow to India’s Parliament and note that the spelling of his name is a matter of national interest. Now I wait for Parliament to...
More »15 months after demonetisation, RBI still processing returned notes
-PTI RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being “processed for their arithmetical accuracy and genuineness”. This is being done in an...
More »Don't believe the BJP and Congress claims that they're cleaning up poll funding -Milan Vaishnav
-ThePrint.in The larger lesson is clear: in an era when the Congress & the BJP can agree on next to nothing, they will gladly join hands to save their own skin. Among all the talk of the aam aadmi focus emerging from last week’s Budget, many people may have missed one of its most self-serving acts. This manoeuvre found no mention in the Union Finance Minister’s presentation itself, but was instead buried...
More »Employment-related payments get taxable -Lubna Kably
-The Times of India MUMBAI: The Income-tax Act is intricate — sometimes income received by an individual even if it relates to employment, does not fit within the technical definitions of 'salary' or 'profits received in lieu of salary'. Thus, very often, such income could not be taxed. Budget 2018-19 proposes to change this scenario. A wide range of income received — say non-compete payments (which sometimes did not fit the above...
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