RECENT NEWS & UPDATES

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Sachin Chaturvedi RBI: ‘Holding Companies Will Separate Promoters From Banks’

Posted under Business, Regulatory, by Neha Sonker / 6 hours ago

Sachin Chaturvedi wears many hats. He is the director-general of think tank RIS and is also on the RBI’s central board. He was also part of the internal working group set up by the RBI to revisit bank licensing norms. In an interview with TOI, he explains the thinking behind the recommendations.

Read more at Times of India

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Physical Verification Compulsory For GST Registration Without Aadhaar

Posted under Taxation, Business, Regulatory, by Neha Sonker / 6 hours ago

A business having deemed registration where Aadhaar authentication has either not been sought or has failed, has to go for physical verification of the premises and if it is difficult, officials can call for extra documents before deciding on granting registration, said a government official. The new procedure for granting GST registration is part of a set of standard operating procedures.

Read more at Live Mint

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One Crore Houses To Be Constructed For SC, ST And BPL Families

Posted under Business, Top Stories, by Neha Sonker / 8 hours ago

Aashrayam Projects would construct one crore houses for the SC, ST and BPL families in the tribal areas of Andhra Pradesh selected by the Union tribal welfare ministry. Aashrayam Projects CEO K Arun Kumar and P Venugopal said that they aiming to provide education and employment to the families.

Read more at Times of India

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Babu-Neta Nexus Denies Quota Benefit To SC/ST Contractors

Posted under Business, Legal, by Neha Sonker / 9 hours ago

The people's representatives and officials in local administrations have come up with a few tactics to deny compulsory reservation for SC/ST contractors in projects below Rs 50 lakh. In order to deny contractors from the communities from claiming 24.45% reservation in these projects, authorities are learnt to have either floated tenders or split the project into 10 piece-works, work orders for which are allegedly issued without tenders.

Read more at Deccan Herald

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Infibeam Avenues Limited Receives NCLT Approval For Composite Scheme Of Arrangement

Posted under IBC, Business, by Neha Sonker / 1 day ago

Leading global Financial Technology solutions provider Infibeam Avenues Limited, announced, that it has received approval from Hon'ble National Company Law Tribunal for 'Composite Scheme of Arrangement' amongst Infibeam Avenues Limited, Suvidhaa Infoserve Limited ( "Suvidhaa"), DRC Systems India Limited and NSI Infinium Global Limited and their respective shareholders and creditors.

Read more at Equity Bulls

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