Category Archives: Banking

MCA | IBBI amends Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

Insolvency and Bankruptcy Board of India (IBBI)

PIB News Update: The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2020 on 6th January 2020.

The amendment clarifies that a person, who is not eligible under the Code to submit a resolution plan for insolvency resolution of the corporate debtor, shall… Read More

1st Advance Estimates of National Income, 2019-20

First Advance Estimates of National IncoFirst Advance Estimates of National Income, 2019-20me, 2019-20

PIB News Update: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Advance Estimates of National Income at both Constant (2011-12) and Current Prices, for the financial year 2019-20 along with the corresponding estimates of expenditure components of the Gross Domestic Product (GDP).… Read More

Ministry of Finance | Sale of Electoral Bonds at Authorised Branches of State Bank of India

SBI

PIB News Update: Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated January 02, 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India. A person being an individual… Read More

FM holds Pre-Budget Consultation with Prominent Economists

FM holds Pre-FM holds Pre-Budget Consultation with Prominent EconomistsBudget Consultation with Prominent Economists

PIB News Update: Union Minister of Finance & Corporate Affairs Smt. NirmalaSitharaman held her 8th Pre-Budget Consultation Meeting with the leading Economists here today in connection with the forthcoming General Budget 2020-21.

The main focus areas of the discussions included steps needed to achieve $5 trillion economy, job-oriented growth with… Read More

Ministry of Finance | GST Council’s decisions n Rate Changes

GSTN

PIB News Update: The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur  besides Finance Ministers of States & UTs and senior officers… Read More

Sanjeev Maheshwari appointed part-time Non-official Director- Central Board of SBI

SBI

Shri Sanjeev Maheshwari has been appointed as part-time Non-official Director on the Central Board of State Bank of India, Department of Financial Services for a period of three years.

Indian Bureaucracy Dot Com wishes Shri Sanjeev Maheshwari the very best.… Read More

Ministry of Finance | Revenue Secretary presentation on major initiatives taken on taxation

Taxation Laws (Amendment) Bill, 2019

PIB NEWS Update: Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, held a press conference on the measures taken to boost economy.  Dr. Ajay Bhushan Pandey, Secretary, Revenue Department, gave a presentation on the Major Initiatives taken by the Revenue Department on taxation.

Click HERE to access the presentation.

 … Read More

MCA | CCI approval for acquisition of shares in SBI General Insurance by Napean Opportunities LLP

Competition Commission of India(CCI)

PIB NEWS Update: The Competition Commission of India (CCI) approves acquisition of shares in SBI General Insurance by Napean Opportunities LLP.

The proposed combination relates to the acquisition of 16.01% paid up share capital of SBI General Insurance Company Limited (SBI General Insurance) by Napean Opportunities LLP (Napean). The Napean is a newly… Read More

Ministry of Finance | Chief Economic Adviser presentation on measures taken to boost Indian Economy

ministry-of-finance-indian-bureaucracy

PIB News Update:Smt. Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, held a press conference on the measures taken to boost economy.  Chief Economic Adviser K. Subramanian, gave a presentation on Major Interventions to Boost Economy.

Click HERE to access the presentation.

 … Read More

MCA | CCI approval for Sanaka Growth SPV I Ltd investment in Edelweiss Securities Limited

Competition Commission of India_indianbureaucracy

PIB News Update: The Competition Commission of India (CCI) has approved Sanaka Growth SPV I Limited (Sanaka) investment in Edelweiss Securities Limited (ESL) under sub-section (1) of Section 31 of the Act.

The proposed combination relates to investment by Sanaka in ESL and Edelweiss Global Investment Advisory Business (EGIA) Subsidiaries of up to INR … Read More

MCA | National Financial Reporting Authority issues Audit Quality Review report of statutory audit for 2017-18 of IL&FS Financial Services Ltd

National Financial Reporting Authority (NFRA)

PIB News Update: The National Financial Reporting Authority (NFRA) has issued Audit Quality Review (AQR) report of the statutory audit for the year 2017-18 of IL&FS Financial Services Limited (IFIN). The statutory auditor for this engagement was Deloitte Haskins and Sells LLP (DHS).

This is the first AQR report of NFRA since its constitution on 01.10.18.… Read More