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BBCNEWS Asia July 5, 2024

think that for the major back order, the secured lender, the bond order should be the one of the optional creditors but to be honest its suspected the bond order could only recover 2% to 3% under liquidation scenario and currently the bonds issued by evergrande are also trading at around up to 2 cents to the dollar, we believe that the most viable assets by evergrande are offshore assets which include the shares of the properties of electric vehicles divisions. meanwhile we think that ...
Hong Kong Developer Evergrande Court Order Hong Kong Stock Exchange Debts Bonds Property Buyers

BBCNEWS World July 5, 2024

helped to slow down the rate of price increases for nonโ€”food products, which eased injanuary โ€” down from over 3% in december. im joined now by shanti kelemen, chief investment officer at m&g wealth. good morning. this isjust what we want to hear before the bank of england has its first meeting of 2024, which happens on thursday. meeting of 2024, which happens on thursday-โ€” on thursday. yes, we will have a decision _ on thursday. yes, we will have a decision from _ on thursday. ye...
Business Stories Sally Bundock Shop Prices British Retail Consortium Price Inflation Slow Down

HC directs inspection of coaching centres in Mukherjee Nagar

The Delhi High Court on Friday directed inspection of the coaching centres operating in the Mukherjee Nagar area by a team of lawyers and the fire services here while seeking a report with respect to their status and safety. A bench headed by Justice Yashwant Varma also asked the Municipal
Mukherjee Nagar Justice Yashwant Varma Gautam Narayan Justice Ravinder Dudeja Gautam Nayaran Delhi Fire Services

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Central Board of Secondary Education (CBSE) | 'Dummy students' spotlight coaching 'racket', blame on national-level entrance tests

Institutes persuade parents to enrol their wards in certain schools with whom they have tie-ups, saying the children would not be required to attend classes there but would be allowed to sit their board exams. The schools make a nice packet without having to invest in infrastructure or teachers
Usha Ram Gajendra Babu National Test Common University Entrance Test Laxman Public School Joint Entrance Examination

Coaching centres: Coaching centres face DGGI probe for tax evasion

DGGI is probing potential tax evasion of โ‚น850 crore by large coaching centres in 2020-21 and 2021-22. Officials suggest misdeclaration of enrolments and non-payment of tax after collection. The investigation, initiated in January 2023, targets numerous coaching centres across India. Around 145 large and mid-sized centres are under scrutiny, including those for medical, engineering, and entrance exams like IELTS and GRE.
Tamil Nadu West Bengal Services Tax Intelligence Directorate General Coaching Centres Dggi Probe

Government puts guidelines for coaching institutes in public domain, seeks comments

The Central Consumer Protection Authority (CCPA) conducted a stakeholders consultation on Misleading Advertisement in Coaching Sector in January, which was attended by Department of Personnel & Training (DoPT), Ministry of Education, Lal Bahadur Shastri National Academy of Administration (LBSNAA), National Law University (NLU) Delhi, FIITJEE, Khan Global Studies and Ikigai Law, the statement added.
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