“Not just on platforms but also on various marketing collaterals such as the trailer, posters, the visible assets that you have created. The platforms will argue they are building their ‘original’ branding. The whole idea is place it in front of consumers as what the platform is offering. That’s the lens through which they look at it. I think we should find a way of co-existing because I don’t think by giving credit to makers you in anyway sort of take away from the platform. And I think proper representation of that collaboration is the responsibility of people in control of these decisions,” he shares. … [Read more...] about With films heading for digital release, here’s the big question: Does OTT take away the makers’ credit?
Credit linked subsidy scheme
Credit rating agency CRISIL has observed that the Reserve Bank of India’s (RBI) decision to allow one-time loan restructuring will help soften the impact of COVID-19 pandemic’s on banks’ asset quality and without this, the gross non-performing assets (GNPAs) could have reached 11.5% by the end of this fiscal year.The central bank had permitted relaxations for corporate as well as personal loans under the June 2019 Prudential Framework on resolution of stressed assets. Along with this, the MSMEs struggling due to the COVID-19 lockdowns have also been provided a three-month extension in the existing restriction scheme till March 31, 2020.This is the first time the restructuring option has been extended to retail borrowers, given that many of them might face challenges in servicing debt, owing to salary cuts and job losses and the primary beneficiaries of loan restructuring would be corporate and retails loan accounts with exposures below Rs 500 crore, that have debt at … [Read more...] about Loan restructuring to prevent NPAs from rising to 11.5% by the end of this fiscal year: CRISIL
service tax (GST) return filing system, said experts. They batted for adequate testing of the new facility by GST Network before its proposed roll out in September. Rollout of GST in July, 2017 subsequently saw several glitches in return filing and multiple deferments of deadlines. “Businesses would expect that adequate sand box testing is done by GSTN and there are no perfunctory changes, which ultimately impact their current compliance set-up,” said Harpreet Singh, partner for indirect taxes at KPMG IndiaThe government plans to link GSTR 1, the form used to fill outward supplies, with GSTR 3B, used to fill returns summary, which will reduce mismatch of information through auto-population. The linking would also lead to reduced cases of input tax credit mismatch, unintended errors and also prevent tax evasion. A new form GSTR 2B will be introduced as a statement for taxpayers providing details on available input tax credit and ineligible credit. Quarterly filing facility … [Read more...] about Smooth execution without technical glitches critical for GST filing system: Experts
central bank to help lenders and borrowers amid the COVID-19 pandemic will prolong uncertainty about the banking sector's asset quality, Fitch Ratings said on Tuesday.India's central bank said last week it will allow restructuring of corporate and personal loans to ease debt strains on companies and lenders, a move widely awaited by the banking industry."The policy could open a window for banks to build capital buffers while putting off full recognition of the coronavirus pandemic's impact on loan portfolios, but is reminiscent of a strategy adopted over 2010-2016 that delayed and exacerbated problems for the banks," Fitch said.Indian banks are saddled with more than $120 billion in bad loans and the sector is ranked the third-worst among 13 major world economies in asset quality.The central bank's experience with loan restructuring in the past hasn't been encouraging.In several instances the restructuring method was used for evergreening of loans, a practice in which banks provide … [Read more...] about Debt revamp proposal to prolong Indian banks’ asset quality uncertainty: Fitch
After his classmate Vinod Kumar's father encouraged them to become job givers, the two came together and set up a weaving unit at East Palamarathupatti here. Taking a loan of about ₹ one crore and subsidy of ₹ 25 lakh, the two have installed imported machinery about six months ago. “We have about 10 workers in the plant. We get yarn and after sizing them, give it back in a finished form in the market...,” he adds. … [Read more...] about 94 % young entrepreneurs prompt in repayment in Dindigul district