The MSMED (Amendment) Bill 2018 has been introduced in the monsoon session of the Parliament. The Bill proposes to replace annual turnover of the MSME unit as the basis of definition than the existing one based on investment in plant and machinery (excluding land and building) distinctly for ‘manu...
The Insolvency and Bankruptcy Code (IBC) is not going to help the banking industry to the desired level in recovering bank loans. Many people talk about the Bhushan Steel case as a glaring example of the success of IBC. But one thing is that about Rs. 21,000 crore has not been recovered in this...
The Kolkata-headquartered United Bank of India has been in huge financial stress. But the management is very proactive about recovering and are hopeful about its high turn-over by March 2019. Their corrective measures include reorientation of balance sheet and emphasis on loans to retail, agricultur...
The Indian banking system has seen a wave of reforms in recent years which have been closely supplemented by various major economic reforms. BE’s Kuntala Sarkar spoke to Tushar Pandey, Independent Consultant and Advisor (Social Equity and PPP) and former Senior President (Public and Social P...
Students have always been worried about being placed. But now, the Maulana Abul Kalam Azad University of Technology (MAKAUT) has launched a placement portal, ‘makautplacement.com’ that solves the placement worries of its students at least in Kolkata and its surrounding areas. The portal will con...
Bengal Peerless is an important player in the real estate sector in West Bengal. It is developing its new project Avidipta II which is one of the the tallest residential projects in Kolkata and the project is situated on the Eastern Metropolitan Bypass, Kolkata. Ketan Sengupta, CEO, Bengal Pee...
Parliamentary Standing Committee of Finance is very keen to solve the stressed assets of the banking industry in India. It has talked with various heads of organisations like RBI, SBI and other Public Sector Banks in phases. It is observing the internal and external factors behind the financial cris...
Times Strategic Solutions Ltd., functional under the brand name ET Edge, is an Economic Times initiative founded to empower multiple industries and segments by sharing critical business knowledge through strategic conferences and summits. The 2nd edition of The Economic Times Iconic Brands 2018...
The Digital India initiative seeks to lay emphasis on e-governance and transform India into a digitally empowered society. Digitalisation will prepare the country for knowledge-based transformation. It is to ensure that government services are available to citizens electronically. It will focus on p...
Pawan Kumar Chamling, the Chief Minister of Sikkim has been included in the World Book of Records for being the longest serving Chief Minister of any Indian state by the World Book of Records, London. Chamling was bestowed with the Certificate of Record by the World Book of Records. The visiting del...