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FirstpostGeneral News May 2, 2016

Ambitious new bankruptcy code may take years to clean up India’s debt mess

A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors – above all state banks trying to recover $100 billion in bad loans – shouldn't start celebrating just yet. The post Ambitious new ba... Read full coverage

Tags: bad loans, bankruptcy code, Kingfisher Airlines, Make In India, parliamentary panel, PM Modi, PSU banks, R.K. Gupta ED Bank of Maharashtra, Vijay Mallya

FirstpostGeneral News May 2, 2016

What these figures effectively telling us is that the domestic tax evasion is an even bigger concern for India

The government has made public the income data for last 16 years. If one looks at the 2014-15 number, just about 4.8 crore people filed tax returns, making it less than 4 per cent of the population (considering population at 125 crore). The post What... Read full coverage

Tags: Black money, Government, Income tax data, IT, Tax evasion, Taxpayers

FirstpostGeneral News May 2, 2016

Congress not afraid because they don’t have lok lajja: BJP on AgustaWestland case

Training guns on Sonia Gandhi over VVIP chopper scam, BJP ridiculed her remarks that she was "not afraid of anyone cornering her". The post Congress not afraid because they don’t have lok lajja: BJP on AgustaWestland case appeared first on Firs... Read full coverage

Tags: AgustaWestland case, BJP, Congress, lok lajja, Politics, Sonia Gandhi, TheySaidIt, UPA, VVIP chopper scam

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