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RBI’s Financial Stability Report, December 2017- An intellectual discussion on current Indian banking, economy and others

January 4, 2018 1341 Views 0 comment Print

Discussion on RBI’s Financial Stability Report, December 2017 covers the distinct recovery made by the world economy effected by its increasing consumption, investment and geographical spread, the other matters such as risks emerging out of volatility in commodity price

U S Taxation Vs Bangladesh taxation – Income tax, tax incentives and other information

December 15, 2017 1203 Views 1 comment Print

Sonar Bangla resonates with Bengal as a historical entity and Bangladesh, both in Commerce and Cricket with its exceptional performance has enabled us to remember its gigantic growth. When one looks at any good ready-made in U.S.A. it is an open secret that Bangladesh with its visible presence in all brick and mortar shops has […]

Lending rates of banks on a historic trail – Did they try to help bank customers and if so, with what results?

December 1, 2017 834 Views 0 comment Print

It made me speechless when my business friend Mr. N S Nathan, showed his indignation over the high interest rate being charged by his bank though like millions of sincere borrowers, he has kept up with the conditions imposed by the banks.

American Income Tax Vs Japanese Income Tax and other interesting details

November 27, 2017 2973 Views 0 comment Print

It was not unexpected to know from Mr. Ganesan, my friend for 40 years that one of his relatives has gone to Japan since he got a visa for work and I was equally delighted to know that he wanted me to write about Japanese income tax system.

Widening economic reforms – Setting up of Public Credit Registry: RBI’s Epoch-making initiative

November 15, 2017 804 Views 0 comment Print

Having achieved resounding success in uplifting India’s position in ease of doing business ranking, it is expected that RBI would initiate its efforts towards setting up of a High- Level Task Force to step up the establishment of Public Credit Registry,

Ease of doing business 2018 rankings by World Bank for year 2016/ 2017 – A lively discussion

November 6, 2017 1581 Views 0 comment Print

Economies are ranked on their ease of doing business, from 1–190. A high ease of doing business ranking means the regulatory environment is more conduzcive to the starting and operation of a local firm.

The current Agenda: Restoring Public Sector Bank Health in India – Influx of funds: What history reveals?

October 31, 2017 891 Views 2 comments Print

The news that recapitalization of public sector banks with a sum of Re 2,11,000 Crores by public release of a news item by the Central government to clean up the legacy of Non- Performing Assets

RBI Report on MCLR Interest rate: Or simply interest rate on loans by commercial banks – what we lost or would gain

October 21, 2017 1473 Views 0 comment Print

We wish our readers a happy Deepavali. We never had it so good to find that RBI would undertake whether commercial banks had really passed on any gains or losses to its customers whether on loans (various types) or deposits (yes, various types too) and pass any judgement after discussing with the banks. A common […]

Designation of Senior Advocates by SC & all HCs– Recent SC guidelines

October 14, 2017 3549 Views 0 comment Print

We are referring to Writ Petition 454 of 2015 of Indira Jaising. Vs others which resulted in the famous judgement of Supreme Court on the system of designation of senior advocates in Supreme Court and in other High Courts. One can easily read the judgement as under:

More powers for Independent directors – Uday Kotak Committee recommendations: A heated discussion

October 13, 2017 1380 Views 0 comment Print

SEBI formed a committee on corporate governance in June 2017 under the Chairmanship of Mr. Uday Kotak with a view to enhancing the standards of corporate governance of listed entities in India. The committee consisted of officials from the government, industry, professional bodies, stock exchanges, academicians, lawyers, proxy advisors, etc.

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