Dipak Mondal

Fiscal deficit at 21 per cent as tax mop-up rises, spending dips

RBI’s surplus transfer of Rs 99,122 crore in June this year has also boosted the government’s total revenue receipt during the April-July period.

01 Sep 2021

Challenges of ‘accounting' for cryptocurrency gains

Cryptocurrencies in India are selling like hotcakes with scores of start-ups launching crypto exchanges, giving investors easy access to this asset class.

30 Aug 2021

Why insolvency regulator wants code of conduct for bankers?

Paying heed to the demand of several stakeholders, the insolvency regulator has finally released a code of conduct for the committee of creditors.

29 Aug 2021

Lesson learnt from COVID crisis: It is time to cast a wider health cover net 

Covid-19 may be a black swan event, but the experience has forced people to review healthcare preparedness

09 Aug 2021

India moves to repeal controversial retrospective tax amendment, big relief for Vodafone

The bill  effectively means that the government is reaching out to Vodafone and Cairn Energy for a truce in the retrospective tax dispute cases where both have won international arbitration awards.

05 Aug 2021

Jindal Steel and Power Limited eyes 50 MT annual capacity by 2030; to reduce carbon emission

However, all these efforts are part of its larger goal of becoming a 50 million tonne per annum (MTPA) capacity steel company by 2030.

28 Jul 2021

'Turnaround of overseas ops helped JSW Steel post strong Q1 numbers'

Despite a challenging first quarter, the country’s largest steel manufacturer produced 4.1 million tonne steel during the quarter, which was only 2% lower than the previous quarter.

25 Jul 2021

Nitty-gritty of investing directly in G-secs

One must be aware of the market risks involved in holding G-Secs as well as other aspects like taxation, say experts

19 Jul 2021

History will look at current reforms as strong as those of 1991, says CEA

Hails govt push for privatisation, asset monetisation, capex-driven growth and PLI scheme

16 Jul 2021

Cairn case: Pending appeal in arbitration court may not avoid seizure of assets in Paris

Lawyers involved in the litigation told The New Indian Express that the only way the government can avoid the attachment of the properties in Paris is by appealing to the local French court.

09 Jul 2021

Cairn Energy secures French court order to seize Indian govt properties worth over 20 million Euros

Meanwhile, the Indian government in a statement has said that it has not received any notice, order or communication in this regard from any French court

08 Jul 2021

Small savings rates come at a fiscal cost

The government’s recent decision to leave the interest rates on small savings schemes for the July-September quarter unchanged comes at a cost.

08 Jul 2021

New relief measures may push FY22 fiscal deficit closer to 7.5%: Experts

Recently in its presentation, the newly appointed CII president, and CEO and managing director of Tata Steel had argued that the government should not try to limit its fiscal deficit to 6.8%.

29 Jun 2021

Additional cost of new stimulus package to government Rs 1.2 lakh crore or Rs 60,000 crore?

Sreejit Balasubramanian, India economist at IDFC Mutual Fund, says the immediate fiscal expenditure from today's measures is 0.77% of GDP, of which 0.56% is from measures already announced.

28 Jun 2021

Experts continue to give benefit of doubt to IBC 

Poor recovery in Videocon is not a case in isolation. The insolvency data show that there are many cases where recovery has been abysmally low—less than 20-30 per cent of banks’ claims.

25 Jun 2021

Suraksha Realty wins bid for Jaypee Infratech by a close margin

While the Suraksha-Lakshdeep consortium received 98.66% of votes, NBCC got 98.54%

24 Jun 2021

Attached assets worth Rs 8442 crore of Mallya, Choksi and Nirav Modi transferred to PSU banks: ED

The ED has transferred shares attached by it (worth Rs 6,600 crore) to a State Bank of India-led consortium as per the order of the Prevention of Money Laundering Act Special Court, Mumbai.

23 Jun 2021

Acquire land for industries, set aside Rs 3 lakh crore for revival, CII president to Centre

The newly elected CII president said that the government can create common infrastructure in these industrial parks whether it is effluent systems, utilities, etc. 

22 Jun 2021

Confusion persists over IBC default threshold

There is no end to the confusion over the threshold default amount at which insolvency proceedings should be triggered against a corporate debtor.

20 Jun 2021

Investment options you can look at beyond fixed deposits when rates are low

The gradual fall in FD rates has caused a lot of distress to depositors, especially senior citizens who park a large sum of their retirement corpus in ‘safer’ FDs to earn monthly income.

14 Jun 2021

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