Latest Indian Business News Updates | India startup world news

     1.  Central Government provides a detail related to the passport for the loans of Rs 50 crore and above passport detail is mandatory. After the fraudsters case increase in a country such as big defaulters like Nirav Modi, Mehul Choksi, Vijay Mallya, Jatin Mehta. The decision of the passport details mandate is helping to ensure the banks to timely take action and inform the correct and relevant authorities to prevent the fraudster from the fleeing the country. The information given by the Financial Service Secretary Rajive Kumar through tweets on Twitter.  Trending news India
This will also preventive to following the step to avoid the economic flights' offender and banks to collect the passport details. 


     2. PNB Scam: RBI strict for all the banks and ask to provide the details of letters of undertaking (LoUS) it is a form of credit guarantee which issued by them to the business entities in last some years. All the steps regulatory steps by the RBI is for the security of the banks, which is also criticized by the Finance Ministry that regulators and auditors had not kept an adequate to watch on the laws issued by the Punjab National Bank due to this jewellers Nirav Modi and has uncle Mehul Choksi got the chance to swindle the banks of Rs 12,600 crore.

     3.  Indian and French companies economic partnership, India and French companies exchange the 19 contracts and agreements worth over 13 billion euro. The agreements cover the many sectors including renewable energy, smart grid, telecom, nuclear energy, cement, aviation, and others. During the four day visit of French President Emmanuel Macron in India, Indo-French Economic Partnership, push forth World's largest Nuclear Power Plant In India. Business update India today French President Macron is in Uttar Pradesh, these two leaders jointly inaugurated Uttar Pradesh's largest solar power plant in Mirzapur district. Both the leaders will also visit Assi Ghat, Varanasi.


     4.   GST returns files in between July and December indicate that the scale of under-reporting of tax liability could be as much as Rs 34000 crore. Tax authorities are struggling with the amount of GST( Good Service Tax) puzzle which becomes the new fear for Government of the businessmen evading taxes. This issue has come under the flagged at Saturday's GST Council meeting and Notice which may be issued to traders and businessmen, who have done the liabilities in GSTR-1, GSTR-2.


5. ChrysCap has bought a minority stake in pharma firm Curatio and will invest Rs.130 crore in the firm. India startup world news sequoia holds about 33% stake in the company and the rest is held together by promoter G.K. Ramani and Fulcrum Venture India.

Comments

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