MUMBAI: Tax recoveries will take a back-seat under the proposed insolvency law. In a bid to boost the sentiment among lenders, even repayment of dues to unsecured creditors has been given a higher priority as against payment of taxes to the government. A close reading of the Insolvency and Bankruptcy Code, 2015 (insolvency bill), shows…
Prime Minister Malcolm Turnbull before his announcement of the National Innovation and Science Agenda at the CSIRO Discovery Centre. Alex Ellinghausen Annual income tax rebates of up to $200,000 for retail investors and relaxed bankruptcy laws to encourage risk-taking are at the centre of the federal government’s push to boost innovation that Prime Minster Malcolm Turnbull says is…
(Adds details and context) Dec 28 Argentina said on Monday that it sold $1 billion of dollar-denominated Bonar 2016 bonds to help importers settle their backlog of payments that had ballooned under the previous government’s capital controls. The new, center right government of President Mauricio Macri said last week that it would issue up to…
A man walks past a Toshiba Corp logo displayed on one of its television sets in Tokyo, Japan, November 26, 2015. Reuters/Toru Hanai/Files Toshiba Corp (6502.T), reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen ($2.49 billion) in credit lines by the end of January to fund a…
By: ENS Economic Bureau | Published:December 29, 2015 1:27 am What happened this year THE RESERVE BANK OF INDIA cut repo rate by 125 basis points. The Centre and the RBI also signed a Monetary Policy Framework agreement in February to maintain price stability and growth. As per the agreement, RBI would set the policy…