Page 38 - Ruchika Chitravanshi

IBBI suggests project-based insolvency, excludes allotted property

IBBI has also proposed project-based insolvency to attract multiple bidders for different projects in real estate insolvencies

Centre releases tax devolution to states early citing festive season

The lowest devolution for the month of November is to Goa and Sikkim at Rs 281 crore and Rs 283.10 crore

India's G20 presidency gave clear policy direction: FM Nirmala Sitharaman

'Need to maintain momentum on G20 guidance; global growth slow'

Fiscal impact of free food grain extension unlikely for next 2 years

An analysis by Nomura said the extension reflects the difficulty in withdrawing populist policies, especially ahead of elections but the near-term macro implications should be muted

IBBI likely to bring out discussion paper on real estate insolvency

Increased involvement of the Real Estate Regulatory Authority, or RERA, could also be proposed in the upcoming discussion paper

In IBC, no automatic secured creditor tag for govt's statutory dues

The Ministry of Corporate Affairs (MCA) would consider issuing this as a clarification, if needed, following the recent Supreme Court (SC) judgment in the Rainbow Papers case, the senior official said

Power ministry nudges state govts, gencos to take up insolvent assets

The power ministry is looking at a quicker turnaround of these stressed power plants and enhancing power supply

RBI may hold fire even if Fed hikes rates twice: CEA V Anantha Nageswaran

RBI Governor Shaktikanta Das recently said at the Business Standard's BFSI Insight Summit domestic factors determined India's monetary policy

Monthly review, disclosure of fair value: IBBI bats for transparency

IBBI has proposed that creditors dissenting on a resolution plan under the IBC should be entitled to claim lesser of the two amounts - the resolution amount or the liquidation value

India will work closely with Sri Lanka to deepen civilisational ties: FM

India, the Finance Minister said, had rendered an unprecedented financial assistance of over $4 billion for the people of Sri Lanka

MCA enforces provision for foreign listing of Indian public companies

A public company, according to the Companies Act, is a company which, unlike a private company, does not restrict the transfer of shares

BFSI Summit: 'Inclusive economic growth needs push for capex, job creation'

Samiran Chakrabarty, MD and chief economist, Citi Research pointed that it was quite natural for income inequalities to worsen when the country witnesses high GDP growth

Two days before the deadline, one-third companies file financial statements

The MCA has asked stakeholders to file both these returns before the deadline on October 29

MCA to soon launch centre to process all compliances for companies

These would include forms related to the increase, redemption or cancellation of share capital and debentures, return of deposits, registration of charges, and appointment of directors

Long way to go in terms of Indian engagement with global mkts: John Lipsky

Lipsky said that there's still a long way to go in terms of Indian engagement with global markets

CBAM should consider where country is going, not just where it is: Stern

For emerging markets and developing economies outside China, the total flow of climate-related investment should be $2.4 trillion, said Stern

India's fiscal position 'solid' amid global headwinds: Finance ministry

'West Asia situation, oil prices new challenges'

Finance ministry's expenditure management to keep space for global crises

The pre-budget discussions are expected to conclude on November 14

India's going back to import substitution is wrong way to go: Anne Krueger

Anne Krueger, First deputy managing director of the International Monetary Fund spoke on India's growth prospects

How India's bankruptcy code framework is undergoing a quiet makeover

The insolvency regulator has in fact sought public comments on all the regulations it has notified under the code