Search For "ibc"
FICCI recommends tax rate cuts for individuals, businesses to spur demand
Updated : 4 years, 8 months ago IST
New Delhi [India], Dec 6 (ANI): Flagging off pre-budget expectations in lieu of the Union Budget 2018-19, the Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday stressed on the need for tax rate cuts across the board for individuals and businesses to spur domestic in
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Surge in credit provisions to adversely affect PSBs' profitability
Updated : 4 years, 8 months ago IST
New Delhi [India], Nov 27 (ANI): Credit rating body ICRA in its report released on Monday estimated the gross non-performing assets (GNPA)s of Rs. 8.8 to 9.0 trillion (10.0-10.2 percent) to peak out by end of FY 2018, as against GNPAs of 9.5 percent (Rs. 7.65 trillion) as on March 31, 2017.
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Cabinet approves ordinance to introduce changes to IBC
Updated : 4 years, 8 months ago IST
New Delhi [India], November 22 (ANI): The Union Cabinet on Wednesday approved an ordinance to introduce certain changes to the Insolvency and Bankruptcy Code (IBC).
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India 'most attractive destination for FDI', opines Jaitley
Updated : 4 years, 9 months ago IST
Singapore [Singapore], Nov 16 (ANI): Finance Minister Arun Jaitley opined that India has become the most favourable and attractive destination for the receipt of Foreign Direct Investment (FDI), adding that India is the "largest recipient of FDI in the world."
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Economic Affairs Secretary anticipates better flow of private investment
Updated : 4 years, 9 months ago IST
New Delhi [India], Oct. 31 (ANI): After World Bank announced India as one of the five fastest reformers on Tuesday, India Economic Affairs Secretary Subhash Chandra Garg said the government is now hopeful of an increase in private investment.
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Zillonlife inspires its distributors from across the country to excel in t
Updated : 4 years, 11 months ago IST
Goa [India], Sept 13 (ANI-BusinessWire India): Zillonlife, an Indian home security and lifestyle company concluded its first annual festival, Z-Fest 2017, held in Goa, to a rousing reception. The training and development event curated by the company successfully inspired Zillonlife's IBCs to
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Banks may need 20% incremental provisioning for 50 large stressed assets:
Updated : 4 years, 11 months ago IST
New Delhi [India], August 3, (ANI): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs 4.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of
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RBI advises banks to allocate higher provisioning for 12 stressed accounts
Updated : 4 years, 11 months ago IST
New Delhi [India], June 27 (ANI): The Reserve Bank of India (RBI) on Tuesday issued an advisory letter to banks asking them to incorporate additional provisioning on the 12 loan accounts to be referred to the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code (IBC)
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