Capital raise is just a matter of time, says YES Bank CEO Ravneet Gill : Bulletin: Business Today
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Capital raise is just a matter of time, says YES Bank CEO Ravneet Gill

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December 26, 2019

IMF flags issues with India's GDP calculation method; says it's complex
The International Monetary Fund (IMF), in its annual staff report on India released Monday, raised doubts over India's methodology to calculate gross domestic product (GDP) numbers, saying certain changes to historical series and discrepancies between GDP by activity and GDP by expenditure have made the growth calculation process complex. The IMF in its latest report has pointed out discrepancies in calculating deflation, which is used to convert GDP at current prices to constant prices.

Demand for affordable homes boosts housing sales 6% in Delhi-NCR
Housing sales in the national capital region went up by 6 per cent to 46,920 units during 2019 on higher demand for affordable homes and completed flats, according to property consultant Anarock. Prices in Delhi-NCR remained stagnant at nearly Rs 4,600 per sq ft, while unsold inventories fell by 6 per cent to 1,75,079 units from 1,86,714 units.

Capital raise is just a matter of time, says YES Bank CEO Ravneet Gill
YES Bank Chief Executive Officer (CEO) Ravneet Gill has reportedly said that the private sector lender will soon complete its capital raising process. Gill assured that it is just a matter of time before we have capital. The private sector has a troubled time since August last year when the RBI refused to grant an extension to co-founder and chief executive Rana Kapoor and instead asked him to leave the bank by January 31, 2019.

GST council sets up grievance redressal committees at zonal, state level
The GST Council on Wednesday announced setting up the Grievance Redressal Committee (GRC) to resolve issues related to the Goods and Services Tax (GST). The committee will consist of both central tax and state tax officers, representatives of trade and industry and other GST stakeholders.

Corporate debt crisis takes a toll on mergers and acquisitions in 2019
Mergers and acquisitions seem to have become a big casualty of corporates' debt distress as India Inc learnt it the hard way in 2019 that their first priority was to meet their loan repayment obligations. Suitors from abroad also seemed reluctant in wooing distressed targets for any matchmaking. This has led to a mostly muted scene on India's corporate deal street this year, after a blockbuster 2018.

GST anti-profiteering watchdog NAA imposes Rs 230 crore fine on J&J
The goods and services tax (GST) profiteering watchdog the National Anti-profiteering Authority (NAA) has imposed a penalty of Rs 230 crore on global healthcare major Johnson and Johnson (J&J) for not providing the benefits of rate cuts to consumers. The authority has directed J&J to deposit the amount within three months.

PM Modi launches Atal Bhujal Yojana, names Rohtang tunnel after former prime minister
Prime Minister Narendra Modi on Wednesday launched the Atal Bhujal Yojana, a scheme aimed at improving groundwater management, on the occasion of 95th birth anniversary of former prime minister Atal Bihari Vajpayee. He said this scheme will help in supplying water to every house hold by 2024. Speaking on the occasion, Prime Minister said the issue of water was very close to Atal ji's heart. He also named Rohtang passageway as Atal Tunnel to mark the occasion.

 
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