Mukesh Ambani ready to pounce on rivals? - Andy Mukherjee, Bloomberg
When other Indian tycoons were greedy, the richest of all was hesitant, even fearful. But now that most of his rivals have fallen on the swords of their debt-fueled hubris, Mukesh Ambani is preparing to pounce.
Let cash curbs stay till new notes come in, banks tell govt - Sunny Verma & George Mathew, Indian Express
Banks have asked the government to extend the curbs on cash withdrawals beyond December 30 until an adequate quantity of new currency is injected, according to bankers and officials in the Finance Ministry. Lifting the curbs immediately after this week could disrupt branch operations as a large number of people could turn up to withdraw cash, bankers have told the Finance Ministry.
Digital payments regime - Pioneer
With digital transactions becoming the new flavour of the season post-demonetisation, the findings of the 2016 Akamai State of the Internet — Connectivity Report , should make our policymakers sit up and urgently take steps to enhance Net connectivity across the country, both in terms of reach and efficiency.
Towers caught in tax bind - Pioneer
Technically, mobile towers are not buildings. But for taxation purpose, they will be treated so, held the Supreme Court in a significant ruling last week. The decision paves the way for State Governments and civic bodies to levy property tax on mobile towers. This will rake in lots of moolah, considering that there are close to four lakh mobile towers in the country.
Trying my best, says Jaitley as GST logjam continues - Business Standrad
Finding no common ground on the issue of dual control or cross empowerment that deals with assessee jurisdiction, the Goods and Services Tax (GST) Council's 7th meeting that came to an end on Friday raised grave concerns about its April 1 implementation date while Finance Minister Arun Jaitley saying that he was trying his best.
Demonetisation impact only short term: MPC - Times of India
Members of the RBI's monetary policy committee (MPC), who unanimously voted to hold rates on December 7, were sanguine about the impact of demonetisation on the economy. Instead, they were more worried about the global situation, oil prices and inflation. Both, the RBI and the external members were confident that the impact of note withdrawal would be temporary.
Smallness at the border - Bibek Debroy, Indian Express
In 2017, World Bank’s “Doing business” project ranks India 130th out of 190 countries. Rankings are a function of how other countries also perform. Ignoring that point, these rankings are based on 10 heads: Starting a business; dealing with construction permits; getting electricity; registering property; getting credit; protecting minority investors; paying taxes; trading across borders; enforcing contracts, and resolving insolvency.
The realty about demonetisation - Khushru Jijina, Business Line
Much has been written and said about demonetisation and the all-pervasive impact on the world of real estate — the good, the bad and the ugly. In the following paragraphs, we aim to dispel the myths surrounding the headlines as we outline our view on the aftermath of what is being regarded as a watershed moment for the real estate industry.
Leadership crisis in public sector banks - M Sitarama Murty, Business Line
Reserve Bank of India Deputy Governor SS Mundra recently highlighted the leadership vacuum in the banking industry. This brings to mind a statement attributed to Louis XV of France during the thick of the French Revolution: “Après moi le déluge” (after me, the deluge). Indeed, some corporate CEOs too could be accused of harbouring an attitude of “I don’t care what happens to the organisation after I’m gone, it may be all chaos.” It’s a worrying scenario.
With Infinity Plans, Airtel finally tackles Jio. And it has upper hand - Javed Anwer, IndiaToday
Nearly three months after Jio rolled out its free services as part of Welcome Offer, Airtel has finally responded. And not only it has responded to the threat that you could call existential but it has done it in a way that gives Airtel an upper hand.
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