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New legislation likely for social impact companies

by AIP Online Bureau | Jan 5, 2020 | Eco/Invest/Demography, Indian News

New Delhi: The government is considering a new law for setting up social impact companies, where profits can be distributed among the shareholders.   An official said having such companies would help in attracting private capital for developmental activities in...

Daimler recalls 744,000 US Mercedes-Benz 2001-2011 cars for faulty sunroofs

by AIP Online Bureau | Jan 5, 2020 | Eco/Invest/Demography, International News, Non-Life, Risk Management

German automaker Daimler AG said on Saturday it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard.   The large recall covers more two dozen...

Simple ITR-1 income tax return form not for those paying ₹1 lakh in electricity bill, owning house jointly

by AIP Online Bureau | Jan 5, 2020 | Eco/Invest/Demography, Indian News

NEW DELHI : ‎ In significant changes in income tax return filing forms, individual taxpayers owning house property in joint ownership and those who have paid ₹1 lakh in electricity bills in a year or incurred ₹2 lakh expense on foreign travel cannot file their...

Many PSBs may exit insurance JVs in 2020 to raise funds

by AIP Online Bureau | Jan 5, 2020 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life

  New Delhi: The government is unlikely to announce capital infusion for the public sector banks (PSBs) in the upcoming Budget and will rather encourage them to expedite recovery of bad loans and raise funds from the market.   Besides, sources said, banks...

Govt plans quarterly, half-yearly financial statement norms for unlisted companies

by AIP Online Bureau | Jan 5, 2020 | Eco/Invest/Demography, Indian News, Policy, Regulation

  NEW DELHI : Unlisted companies might soon be required to submit their financial statements to the government on a quarterly or half-yearly basis, according to an official.   There are more than 11 lakh unlisted companies that are active in the country and...
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