Economic Times
Business Standard
Ø RBI clears Yes Bank of divergence
Ø PNB to e-auction 4,000 properties to recover loans
Ø Bank credit grows 14.5%, deposits up 9.63%
Ø SEBI to strengthen investigative efforts over issues of corporate governance
Ø Volvo wants to lead the electric vehicles race in India
Ø DHFL CEO resigns amid allegations of Rs 31,000 cr scam
Ø Centre allows all firms to take part in strategic disinvestment of EPIL
Ø Valuation of Indian equities still remain expensive, says Credit Suisse
Ø Coal India's bank interest income likely to fall after another buyback
Ø With debt exposure at Rs 56,000 cr, MFs' infra bets come under IL&FS cloud
Business Line
Mint
Ø Loan against shares: SEBI mulls strict disclosure norms for MFs
Ø Venezuela turns to India for oil exports as US sanctions bite
Ø Canada, US accuse India of ‘dramatic’ under-reporting of MSP for five pulses
Ø Alok Industries case: NCLT grants ‘operational creditor’ status to GAIL
Ø Cabinet clears higher MSP of ₹3,950/quintal for raw jute
Ø Bombay HC refuses interim relief to Reliance Power against Edelweiss
Ø JSW Steel declared winning bidder Bhushan Power and Steel
Ø Cyclical concerns mask Bharat Forge’s robust Q3 results
Ø Sun Pharma Q3 result only a brief reprieve for investors
Ø NCLT allows Amtek Auto’s debt resolution process to start from scratch
Financial Express
Deccan Chronicle
Ø Tata Power to be selective about bidding for stressed assets: CEO
Ø NCLT bench reserves order on plea of Essar Steel’s suspended management
Ø Nestle set to sell first Starbucks coffee under $7.15 billion deal
Ø 15 sugar mills in Maharashtra likely to face recovery action
Ø Prathap C Reddy family mulls selling entire stake in Apollo Munich
Ø R Venkataramanan quits Tata Trusts; Noel joins Ratan Tata Trust
Ø Rupee snaps 6-day rise, settles 10 paise down at 70.80 vs USD
Ø Show-cause notices to Idea, BSNL for not meeting TRAI's call drop norms in Sep Quatr
👉The GST Council will meet on February 20 to discuss a proposal to slash tax on Cement to 18% from 28% and also consider a recommendation of a Group of Ministers (GoM) on housing that favours 5% GST in Under-Construction Properties and 3% GST for Affordable Housing.
👉Govt approves a 3 year extension of the Credit Linked Capital Subsidy and Technology Up-Gradation Scheme(CLCS-TUS Scheme) for MSMEs with total outlay of 2,900 Crore. The scheme has been approved for continuation beyond the 12th five-year Plan for 3 years from 2017-18 to 2019-20.
👉59-Minute Loan Portal: PM Narendra Modi-led Govt's Initiative to provide quick loans up to Rs 1 Crore to small businesses from public sector banks appears to be bearing fruit. Loans worth Rs 30,000 Crore have been successfully disbursed after it was launched in September 2018
👉Allahabad Bank seeks RBI permission to transfer the bad loans in its Hong Kong branch into the Indian balance sheet even as it is looking to sell down the good assets to other lenders. The transfer and offloading of assets is necessary as the bank is in the process of winding up its lone overseas branch in Hong Kong.
👉Cabinet approves signing of Memorandum of Understanding between India and Saudi Arabia on establishing a mechanism for Investment Infrastructure in India
👉MCA Forms CHG-4 and INC-22 are likely to be revised on MCA21 Company Forms Download page w.e.f 15th February, 2019. Stakeholders are advised to check the latest version before filing.
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C&AG application date extended to 22nd February 2019
Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online applications for empanelment of audit of PSUs for the year 2019-20, the office of C&AG, at the request of ICAI has extended the last date for submission of the said application
from 15th February, 2019 to 22nd February, 2019 as a onetime relief.
Further, the last date for receipt of documents at O/o C&AG is 28th February, 2019. Interested members may avail the online application at the following URL
http://care.cag.gov.in/Authorised/Default.aspx
