Govt needs to keep a tight leash on expenditure



The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.



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Rs 2500 cr rights issue key to Jet's revival plans



Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.



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Alas, Kochhar is NOT kosher



‘I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,’ says S Muraleedharan, former managing director, BNP Paribas.



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Govt mulling GST cut on under-construction homes



GST rates on under-construction houses maybe reduced from 12 pc with input tax credit to 5 pc without ITC. Similarly, the rate for under-construction affordable houses could come down to 3 per cent without input tax credit, from the current 8 per cent.



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Ruias' bid to re-take Essar Steel hits NCLT wall



The Essar group hinted at challenging the verdict, citing last week’s Supreme Court order that upheld the August 2018 amendment to the IBC law.



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What RBI governor needs to do



‘Trust your new governor,’ Omkar Goswami advises RBI Deputy Governor Viral Acharya. ‘Just because he is from the IAS and doesn’t carry a PhD from a US university does not make him unsuitable for the task.’



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Bankruptcy: NCLT helped creditors recover Rs 80k crore



A total of 4,452 cases have been disposed at pre-admission stage and 66 have been resolved after adjudication. 260 cases have been ordered for liquidation.



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