Banks are of the view that if they do sign an ICA without a plan in hand, it would tie them to a single option - implement a debt restructuring plan. However, if they don't sign the ICA, there will be multiple recovery options before them.
Coaching Institutes are liable to pay 18% goods and services tax (GST) on their composite supply, or bundled services and supplies to students, the Central Board of Indirect Taxes and Customs (CBIC) has said.
Bengaluru and US-based open-source engine Hasura has raised $100 million in a funding round led by Greenoaks that values the company at $1 billion. Existing investors Nexus Venture Partners, Lightspeed Venture Partners and Vertex Ventures have also participated in the round.
Data from the rural development ministry website shows states such as Jharkhand, Gujarat, Uttar Pradesh and West Bengal have utilised 128%, 110%, 100% and 109% of the funds, respectively, for the year till February 21.
RBI's $5 billion two-year sell/buy swap would help the central bank marginally reduce the size of its balance sheet, improve its dividend-paying capacity, and help manage liquidity and currency positions better, said analysts. RBI had paid Rs 99,122 crore dividend to the government for July 2020-March 2021 period.
The Centre is planning to sell its entire 53% stake in BPCL. The Cabinet had cleared the strategic sale in November 2019. Expressions of interest (EoIs) were invited in March 2020.