The Reserve Bank of India (RBI) said 12 accounts representing about 25% of the gross bad loans in the banking system would be eligible for immediate reference for bankruptcy proceedings. Indian banks are sitting on a stressed asset pile of close to Rs 10 trillion; of this, gross bad loans account for Rs 7.7 trillion
The report titled, “Health in India” is based on information collected through NSS 71st Round for the time period January-June 2014 from 65932 households (36480 in rural and 29452 in urban) spread over the entire country. The survey on Social Consumption: Health was aimed to generate basic quantitative information on the health sector in India.
Government of India and the Republic of Maldives signs agreements for the Exchange of Information The Government of the Republic of India and the Government of the Republic of Maldives signed two Agreements for the Exchange of Information with respect to Taxes and for the Avoidance of Double Taxation of Income derived from the
Gross Direct Tax Collections inches up by 6.6% Gross direct tax collections have scaled up from Rs. 2,84,081 crore during Apr-October 2011-12 to Rs. 3,02,810 crore during Apr- October 2012-13 with growth of about 6.6%. While gross collection of corporate taxes has risen from Rs. 1,89,872 crore during Apr- October 2011-12 to Rs. 1,93,679 crore
Ministry of Civil Avaition (MoCA) has proposed to scrap the levy of Airport Development Fee (ADF) at Delhi and Mumbai Airports from January 1, 2013. Civil Aviation Minister Mr. Ajit Singh has said that Delhi and Mumbai airports need not levy ADF if they can raise more money on their own and if this move
The Calcutta High Court delivered a judgment that Comptroller & Auditor General and any officers subordinate to him have no power to conduct audit of private enterprises unless these are financed or funded by Government or grants given by government. The High Court also quashed the letter issued by CERA a wing of CAG to conduct
Two days of the first ever Maritime India Summit from 14-16 April in Mumbai has resulted in attracting investments worth Rs 82,905 crores. A total of 141 MoUs and Business Agreements were signed by various players in maritime sector including Major Ports, State Maritime Boards and PSUs like Shipping Corporation of India, Cochin Shipyard Limited, Inland
Echo’s new consumer research report looks into the current picture of debt recovery processes in the UK and the impact they have on customers, both good and bad. We’ve examined the behaviours, attitudes and experiences of 1,500 UK households to paint a true picture of debt recovery and who’s getting it right and wrong. The
Report: Legal Process Outsourcing India (LPO) Market Analysis and Segment Forecasts to 2020 Legal process outsourcing allows in-house legal counsel/ law firms/ solo practitioner to work on tasks which are high-value in nature, thus enhancing profitability. Further unanticipated legal activities can be effectively handled; LPO also helps to control or keep in limit overall external spending.
It is commonly known fact that that individuals from all walks of life, income types and ages fall into debt at some point and that they have a many reasons why they have missed a payment, many of which can’t be attributed simply to lacking the funds to pay – such as forgetfulness, inaccurate billing