VRITTAM (03 NOV 2014 - 09 NOV 2014)

VRITTAM  (03 NOV 2014 - 09 NOV 2014)

THE WEEKLY FINANCIAL NEWS

 Kingfisher Airlines faces trading suspension from 1 December
India’s two main stock exchanges will suspend trading of shares of grounded Kingfisher Airlines Ltd from 1 December for failing to comply with rules on reporting financial results, the bourses said in separate notices.

Aadhaar may be used to curb black money in real estate

Ahead of the new framework for non-banking finance companies (NBFCs) expected by the end of this month, the central bank has been slowly tweaking norms for them, signalling tighter regulation on cards. Analysts said the Reserve Bank of India (RBI) has quietly put in place small changes during the current fiscal year, creating a more level playing field between NBFCs and banks—which often do the same kind of business but are subjected to different regulations.

Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copyAhead of the new framework for non-banking finance companies (NBFCs) expected by the end of this month, the central bank has been slowly tweaking norms for them, signalling tighter regulation on cards. Analysts said the Reserve Bank of India (RBI) has quietly put in place small changes during the current fiscal year, creating a more level playing field between NBFCs and banks—which often do the same kind of business but are subjected to different regulations. 

NBFCs brace for tougher norms from RBI

Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy

NBFCs brace for tougher norms from RBI

Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy

In a move aimed at curbing the use of black money in property deals, the government is considering linking real estate transactions with Aadhaar, the unique identity number.

 

 Flipkart seeks valuation of over $10 billion in new financing

 US unemployment falls again in October

The US economy added 214,000 jobs in October, while the unemployment rate has fallen to 5.8%, official Labor Department figures show.

Inflation, IIP data, cabinet reshuffle key for markets: Experts 

Inflation data for October, industrial output numbers for September, quarterly earnings of blue-chips such as Tata Motors, ONGC and SBI, as also the first reshuffle of the Union Cabinet would dictate the stock markets trend this week, say experts.

  

 US Federal Reserve ends QE stimulus programme

The Fed said it was confident the US economic recovery would continue, despite a global economic slowdown.The targets for inflation and reduction in unemployment were on track, the Fed said in a statement.

The central bank, which also said it would not raise interest rates for a "considerable time", has gradually cut back QE since last year.

  More pain ahead for Indian banks as bad loans pile up

India's state-owned banks warned growth in bad loans may continue into next year as they posted a rise in troubled loans for the September quarter with a weakening economy causing debt-laden sectors such as infrastructure to default on payments.

  Government in final stages of talks with states on GST: Jaitley

Hinting that amendments to the Goods and Services Tax (GST) may be introduced in the ensuing winter session of Parliament, Finance Minister Arun Jaitley today said that the government was in the final stages of talks with states on the issue.

“I am in the last stage of my discussion with the states on the eve of Parliament session before introducing the amendments to the GST law in Parliament,” Jaitley said at the India Global Forum meeting here.

  RBI says 'long way' to go before inflation eases

India's inflation has a "long way" to go before it eases because of high input costs, while the reasons for elevated food price inflation remain "structural," Reserve Bank of India Deputy Governor H.R. Khan said on Friday.

  Textile Industry Holds Potential to Lead ‘Make In India’ Campaign

World's second largest producer of cotton and silk is also the second largest textile manufacturer. India, the story that is waiting to be told on the world forum will soon turn into the biggest success India has even seen after IT, provided the 'Make in India' campaign gives it the much needed fillip.

 

 OPINION

  Just too taxing

On September 25, Prime Minister Narendra Modi kicked off the ‘Make in India’ campaign in the presence of a large number of business leaders.

   Clearly tax policy will play an important role if we want to attract big-ticket investments. After the not-so-happy experience of several large taxpayers in the last few years, the new government responded by announcing a number of positive measures (for example, use of inter-quartile range to calculate arm’s length pricing under transfer pricing provisions instead of arithmetic mean) in its first Budget.

SLIDESHOW

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