Indian Economy Archive
Vodafone Vs IT Department-HEL Acquisition
The ruling of the Permanent Court of Arbitration based in Hague, in Vodafone Vs Income Tax (IT) Department (India) dispute on the demand of withholding tax on the acquisition of Hutch Essar Ltd, is in favour of
Vodafone Vs IT Department Tax Dispute-Timelines
Vodafone Group PLC is now relieved to a great extent. The ruling of the Permanent Court of Arbitration based in Hague, supports the company’s stance that there was no tax liability on its part in the acquisition
Essential Commodities Act (EC Act) and its impacts
Essential Commodities Act (EC Act) is an act enacted in 1955 by the Parliament of India with a view to ensuring availability of commodities declared as ‘essential’ at fair price. The EC act aims to avoid hoarding
Revised MSME Classification norms & Stimulus package
To boost MSME sector, the government has decided to amend MSMED act 2006 to revise the MSME classification norms. Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 presently classifies manufacturing and service enterprises into three categories
Franklin Templeton and closure of 6 debt MF schemes
Franklin Templeton Mutual Fund’s announcement to wind up six debt mutual fund schemes came like a bolt from blue for investors and markets. The decision was taken in the backdrop of continuous erosion in value due to
Reduction in term deposit interest rates – Recent trends
Indian economy has been facing a slow down during major part of the calendar year 2019. The global slowdown arising out of China-US trade war, reduction in oil price, global economic slowdown etc have had its impact
14 May 20
CategoryBank Loans- General, Fixed Deposit Interest Rate, Indian Economy
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SLF-MF(Special Liquidity Facility for Mutual Funds)
Special Liquidity Facility for Mutual Funds was an unusual window announced by the Reserve Bank of India for ensuring liquidity support to mutual funds. RBI announced the Special Liquidity Facility for Mutual Funds (SLF-MF) on April 27,2020
WMA limit enhancement – How much?
WMA (Ways and Means Advance) facility enables states and Central government to tide over short term mismatches in cash flow by availing loan from the central bank. On April 17,2020 RBI announced an increase in the ways
Ways and Means Advance (WMA)–What is it?
Ways and Means Advance (WMA) is a mechanism through which RBI extends funding support to states and central government to enable them to tide over temporary cash flow mismatches. This can be considered similar to a bank
TLTRO 2.0-Targeted Long Term Repo Operation
TLTRO 2.0 (Targeted Long-Term Repo Operations) was announced by RBI on April 17, 2020. RBI intended that the funds raised by the banks through TLTRO 2.0 be utilised for investment grade bonds, commercial paper (CPs) and non-convertible