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Govt may look at AMC/ARC model for asset monetisation programme - Vimarsana News

Govt may look at AMC/ARC model for asset monetisation programme

(MENAFN - IANS) y Subhash Narayan New Delhi, Feb 21 (IANS) The government may consider asset management and asset reconstruction company model to monetise non-core assets of public sector enterprises (PSEs). AMC and ARC or a bad bank has been proposed for the banking sector in Budget 2021-22 to acquire, manage and turnaround bad loans. The budget also talked about asset monetisation to unlock the true value of the assets lying with the government entities. The plan now is to create a special purpose vehicle (SPV) under the government route that could take the shape of an AMC/ARC and help m...

Source: menafn.com
Petrol, diesel remain most taxed products as consumers feel pinch - Vimarsana News

Petrol, diesel remain most taxed products as consumers feel pinch

Fuel prices have started to pinch consumers harder as petrol has become costlier by nearly 3.75 per cent and diesel about 4.5 per cent in the last 17 days, since the announcement of the new agriculture infrastructure and development cess in ...

Clubs, members separate entities transactions between the two taxable - Vimarsana News

Clubs, members separate entities transactions between the two taxable

(MENAFN - IANS) y Subhash Narayan New Delhi, Feb 15 (IANS) Members of clubs, including sporting bodies and professional institutions will now have to fully comply with tax regulations and pay GST for any goods and service they receive from facilities to which they themselves are members or constituents. The Finance Ministry has introduced amendments in the Central GST Act through the Finance Bill, 2021 proposing levy of tax on activities or transactions involving supply of goods or services by any person, other than an individual, to its members or constituents or vice-versa, for cash, defe...

Source: menafn.com
Govt expects to complete Air India, BPCL sale in Q1 FY22 - Vimarsana News

Govt expects to complete Air India, BPCL sale in Q1 FY22

Govt expects to complete Air India, BPCL sale in Q1 FY22 ​ Wed, Feb 10 2021 15:03 IST | ​ 0 Views Govt expects to complete Air India, BPCL sale in Q1 FY22. Image Source: IANS News New Delhi, Feb 10 : With a renewed push to its disinvestment policy, the Centre expects to complete the much-delayed privatisation of Air India and Bharat Petroleum Corporation Ltd (BPCL) in the first quarter of the upcoming financial year (2021-22). The government has received Expressions of Interest (EoIs) from interested parties for both the national carrier and the energy major, but it is yet to announce t...

NDA's reforms far superior than UPA's policies, says CEA - Vimarsana News

NDA's reforms far superior than UPA's policies, says CEA

Carrying out structural reforms with clear long-term growth objectives is the guiding principle of the Central government in dealing with a crisis, which is far superior to UPA government's economic policies, Chief Economic Advisor K. ...