'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
Here's a super fun way to while away your time!
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
Sources added that in the past one week, 4,000 trucks carrying essential supplies reached the valley via NH 37, which is the only road that is open for now.
Bharatiya Janata Party MP Varun Gandhi has asked sugar mills to clear dues they owe to farmers or be ready to face protests.
Addressing a joint press conference in Guwahati, Assam Chief Minister Himanta Biswa Sarma and his Meghalaya counterpart Conrad Sangma said border committees set up earlier to hammer out solutions will submit their reports by November 30.
A group of faculty members of Ashoka University has written to its vice chancellor claiming that free thought within universities in India is in crisis today and demanded that all decisions on matters related to academic freedom should be put on hold till the promised committee for academic freedom is in place.
I look forward to many years of success and friendship, working together to solve not only our problems, but world problems and problems of great danger and security, says President Trump in Beijing.
The PM observed the history of India's struggle for independence was very long, very vast and filled with countless sacrifices.
It has been a long time coming but Spain look as if they may finally have solved their number nine problems following Alvaro Morata's two goals in the 3-0 win over Turkey.
'The situation is so bad that it is not possible for me to explain in words how bad the conditions are for the common man of Manipur.'
With the birth of the world's seven billionth baby, Nargis, in Lucknow on Monday, the chamber said more involvement from the private sector must be encouraged to solve India's population woes.
Supreme Court judge Justice D Y Chandrachud has termed the delay in communicating bail orders to prison authorities as a "very serious deficiency" and stressed the need to address it on a "war footing" as it touches the "human liberty" of every undertrial prisoner.
Aditya-L1 will be launched by PSLV-C57 rocket on September 2 at 11:50 am. It carries seven payloads to study the Sun, four of which will observe the light from the Sun and the remaining three will measure insitu parameters of the plasma and magnetic fields.
Thankam delivers an engaging drama that fans of good crime-solving tales will enjoy, recommends Mayur Sanap.
The Delhi services bill was passed in the Rajya Sabha on Monday with 131 MPs voting in its favour and helping the government complete the parliamentary procedure for the proposed legislation that saw the opposition parties join ranks.
The Bangladesh prime minister said that her government had tried to take care of the displaced community keeping the humanitarian aspect in mind.
The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs 1,440 crore. The total valuation of the Adani financial services business stands at Rs 1,600 crore. Gaurav Gupta, managing director (MD) and chief executive officer (CEO) of the Adani firms will hold the rest of the stake.
After spending 11 months away from the game, a fit-again Jasprit Bumrah is back hungrier than ever and says he is ready to bowl long spells for India in the Asia Cup and subsequent ODI World Cup at home.
FIFA president Sepp Blatter's decision to resign amid corruption allegations at soccer's governing body is a relief for corporate sponsors who have called for more transparency at the organization, sports marketing experts said on Tuesday.
Four days after Trinamool Congress heavyweight Suvendu Adhikari resigned from the state cabinet, Trinamool Congress leader Abhishek Banerjee and election strategist Prashant Kishor on Tuesday met him, following which the party claimed that 'all the issues have been resolved'.
The status of the series of blasts that have occurred in India in the recent past is still 'unsolved'. What are the chances that 13/7 will be solved anytime soon? Toral Varia analyses the odds, with help from counter-terrorism experts.
'I'm so sad to see the visuals of our Athletes.... Please solve this ASAP'
No, curbing it requires a radical overhaul of our political structure, but since the executive has failed to act in public interest the court had no other choice but to take matters into its own hands.
If Trial Period was not such a slight piece of film-making, it would have some problematic messaging, observes Deepa Gahlot.
Shah on Thursday appealed to the people of Manipur to maintain peace and promised that justice will be ensured to all sections of society.
A district collector leads Dalits into a temple in Tamil Nadu, which is then sealed. A Ganesh Nadar finds out why.
The pilot of Vishal Bhardwaj's much-anticipated adaptation of Agatha Christie's The Sittaford Mystery is here. Aditya Roy Kapur's hotel manager takes on Anil Kapoor's all-powerful arms dealer. Idris Elba is back in action. Sukanya Verma shares her OTT recommendations this week.
Pawar said, "I will meet PM Narendra Modi on July 18. During the meeting, I will take up various issues related to farmers with him. (NCP leader) Praful Patel and I will attend the National Democratic Alliance (NDA) meeting."
Prime Minister Narendra Modi on Sunday called for a global framework for ethical use of Artificial Intelligence (AI) as he flagged concerns surrounding bias in such modern technologies and their impact on the society. Days ahead of the G20 Summit, the prime minister also made a strong case for developing an integrated approach to deal with issues concerning cryptocurrencies. Modi, addressing B20 Summit India 2023 organised by CII, said India is preparing a global framework for Green Credit and urged industry leaders to adopt life and businesses with emphasis on planet positive actions.
Nineteen people have been killed in rain-related incidents in Uttar Pradesh in the past 24 hours, the state relief commissioner's office said Monday evening.
The Biju Janata Dal on Tuesday opposed the no-confidence motion against the government on the Manipur violence, saying what happened in the state is due to "legacy issues" running back several decades.
Kajol's mere presence has the potential to overshadow her co-stars, but surprisingly, we get to see her modest camaraderie light up the talents of the stunning supporting cast, observes Divya Nair.
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