Surge in personal guarantor cases under IBC in FY23

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Personal guarantors of loans taken by bankrupt companies are in the dock as lenders are increasingly invoking such guarantees under the Insolvency and Bankruptcy Code (IBC). In the first three quarters of the ongoing fiscal 2023, National Company Law Tribunals (NCLTs) have admitted 117 such cases against personal guarantors, compared with 28 in the entire … Read more

income tax department: 68,000 cases picked up for e-verification for income mismatch in AIS, ITR for FY 2019-20

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As many as 68,000 cases have been picked up for e-verification by the income tax department for unreporting or under reporting of income in tax returns for 2019-20 fiscal, CBDT chief Nitin Gupta said on Monday. Under the e-verification scheme, the I-T department informs the taxpayers about mismatch in Annual Information Statement (AIS) about financial … Read more

RBI Digital Currency: RBI Digital Currency Launch: The Risks, Rewards, and Use Cases

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India is among a handful of nations that have launched Central Bank Digital Currency (CBDC). Some risks, mainly cyber, are associated with CBDC, although its introduction seeks to facilitate transactions. RBI Digital Currency: RBI Digital Currency Launch: The Risks, Rewards, and Use Cases [Disclaimer: This story was automatically generated by a computer program and was … Read more

Crude Oil Price Falls More Than 5% Amid Rising Concern Over Recession, China Covid Cases: Anil Singhvi Sheds Light

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Crude Oil Price: Oil fell more than 5 percent on Wednesday, posting the steepest loss in the first two days of any year in more than 3 decades. The drop could come in anticipation of concerns about fuel demand as the global economy slows and Covid-19 cases rise in China. Brent futures settled at $77.84 … Read more

Pneumonia cases rise in Afghanistan as families struggle to keep themselves warm in a second winter under the Taliban

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Afghanistan is seeing a sharp rise in cases of pneumonia, the disease among children under the age of five, as the country enters its second winter under Taliban rule. data shared exclusively independent The International Committee of the Red Cross (ICRC) projects a 35 per cent increase in pneumonia cases in the country in 2022, … Read more

Covid: EU health officials meet to discuss response to surge in cases across China

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Health officials from across the EU are holding talks to try to coordinate very different views on how to respond to China’s decision to lift its Covid-19 restrictions despite infections surging across the country. EU health officials meet to discuss response to surge in cases across China The scale of the outbreak in China and … Read more

Zhejiang: China province reports a million Covid cases as elderly get paid about £60 for a jab

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China’s Zhejiang, a big industrial province near Shanghai, is battling around a million new daily Covid-19 infections as the country ramps up its vaccination rate by trying to lure senior citizens to get jabbed in return for payment. The country is witnessing an unprecedented surge in infections, with numbers expected to double in the Zhejiang … Read more

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