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The marginal borrowers slipped into NPA/overdue category during Q1 FY2022, ICRA said.

Localised lockdowns hit NBFC asset quality in Q1 FY22, to improve in subsequent quarters: ICRA

Sep 13, 2021

The lockdowns impacted the collection process of non-bank entities, resulting in the sharpest jump in their overdues in the recent past, ICRA said.

The adalats disposed of 15,33,186 cases and compensation or award of Rs 22,81,30,62,951 was given.

Over 15 lakh cases settled, Rs 2,281 cr awarded to litigants by National Lok Adalats in a single day

Sep 11, 2021

The Lok Adalats, which were conducted through virtual and hybrid mode, took up 33,12,389 cases, which were either pending in courts or belonged to pre-litigation stage.

The e-filing portal, developed by Infosys, was launched on June 7.

Regularly monitoring resolution of issues with new I-T portal; 1.19 cr ITRs filed: FinMin

Sep 08, 2021

The ministry said a number of technical issues are being progressively addressed and there has been a positive trend reflected in the statistics of the various filings on the portal.

CBDT said it has been represented that a number of taxpayers were in advanced stages of filing their application for settlement before the ITSC as on February 1, 2021.

CBDT allows taxpayers to file settlement application till Sep 30

Sep 07, 2021

While no application for settlement can be filed on or after Feb 1, 2021 as per the amended Finance Act, the government had constituted an Interim Board for Settlement to dispose of pending settlement applications.

Defence Minister Rajnath Singh

Defence Ministry delegates enhanced financial powers to armed forces

Sep 07, 2021

Defence Minister Rajnath Singh describes the DFPDS 2021 as "another big step" in the series of defence reforms being undertaken by the government to strengthen the security infrastructure

The Supreme Court had ordered demolition of the towers at Supertech's Emerald Court project in Noida for violation of building norms.

Supertech to file review petition against SC order on demolition of twin towers in Noida

Sep 04, 2021

Supertech Chairman RK Arora assured that the top court's order will not have any adverse impact on the company or its Group companies as every project has its own independent RERA account and "cost centre".

The bench while referring to home buyers said, “It’s like you have been given lassi (buttermilk) and now you want malai (cream) on top of that”

Clear dues or failure may result in cancellation of flats: SC to Amrapali homebuyers

Sep 03, 2021

Court observes the homebuyers are under the impression that the court is facilitating construction of their stalled flats and managing funds and they are at a convenience to pay their dues, whenever they like

On April 11, 2014, the Allahabad High Court had ordered demolition of the two buildings within four months.

SC orders demolition of 40-storey twin towers of Supertech's Emerald Court in Noida

Aug 31, 2021

The court said the construction of the twin towers, having 915 flats and shops, was done in violation of building by-laws and in collusion with NOIDA authority.

The last date for filing the equalisation levy statement in Form-1 for financial year 2020-21 has been extended till December 31.

Govt extends deadline for various tax compliances

Aug 29, 2021

The quarterly statement in Form 15CC to be furnished by authorised dealers in respect of remittances made for June and September quarter, can now be filed by November 30 and December 31, respectively.

Enhanced rainfall activity is very likely over south peninsular India till August 30.

Rainfall activity over central, western India to pick up from Aug 29: IMD

Aug 28, 2021

The IMD said fairly widespread to widespread rainfall activity with isolated heavy falls is very likely over Odisha, Andhra Pradesh during August 28-31, and over Chhattisgarh during August 28-30.

Rana Kapoor

SEBI orders releasing bank, demat accounts, MF holdings of Rana Kapoor

Aug 25, 2021

The release order came after the Supreme Court, on August 2, stayed the Securities Appellate Tribunal (SAT) order, which had upheld a penalty of Rs 1 crore on Kapoor