Business

Cabinet approves proposal for bill to deal with bankruptcy in financial sector

New Delhi: The Union Cabinet on Wednesday approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities. The Financial Resolution and Deposit Insurance, Bill 2017 […]

Business

New Delhi: The Uttar Pradesh cabinet on Tuesday approved the implementation of the Goods and Service Tax in the state and the bill associated with it will be tabled in the assembly session commencing May 15. If the assembly ratifies the bill, Uttar Pradesh will become the fifth state after Jharkhand, Telangana, Bihar and Rajasthan […]