Suchetana Ray- Read all stories from Suchetana Ray | Hindustan Times
close_game
close_game
Suchetana Ray

Suchetana Ray covers aspects of the government’s economic policy. A news junkie, she is invested in HT’s ‘digital first’ policy.

Articles by Suchetana Ray

MSMEs get big push as govt banks on small businesses

Union Budget 2018 proposes to revamp system of sanctioning of loans through linking with GSTN.

The micro, small and medium enterprises sector has a 31% share in the economy and employs 117 million people.(Reuters File Photo)
Updated on Feb 02, 2018 10:07 AM IST
Hindustan Times, New Delhi | ByP Suchetana Ray, New Delhi

‘Chidambaram and I have had differences’, says Pranab Mukherjee

Former president Pranab Mukherjee acknowledged on Tuesday that he had “differences” with his former party colleague P Chidambaram.

Both Mukherjee and Chidambaram have held the position of Union finance minister at various junctures in their careers.(PTI File Photo)
Updated on Jan 30, 2018 11:38 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

FRDI Bill’s bail-in clause unlikely to be watered down

The FRDI Bill is proposed as an early warning system for financial firms, under which the Resolution Corporation will classify firms based on their financial health and risk assessment.

The bail-in clause had triggered opposition to the FDRI Bill which was referred to a joint panel comprised of members from both the Lok Sabha and the Rajya Sabha in August 2017.(Raj K Raj/HT File Photo)
Updated on Jan 27, 2018 04:51 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray and Saubhadra Chatterji

Bankruptcy law to give lenders access to foreign assets of loan defaulters

The Insolvency and Bankruptcy Code will be strengthened with the addition of provisions covering cross-border insolvency, which will help lenders access overseas assets of a bankrupt company.

The new provisions should empower India to seek cooperation from foreign countries to bring defaulters’ assets there under consideration for insolvency.(PTI)
Updated on Jan 26, 2018 11:17 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Income tax relief soon? Deduction may be raised to Rs 2.5 lakh

The current relief for income tax is Rs 2 lakh and discussions are on to increase it to at least Rs 2.5 lakh, government officials said.

Finance minister Arun Jaitley addresses press conference in New Delhi.(PTI)
Updated on Jan 25, 2018 09:04 AM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Karti Chidambaram quizzed by ED for over 9 hours in INX Media case

The case pertains to allegations that Karti, son of Congress leader P Chidambaram, was bribed by INX Media for using his influence to manipulate a tax probe against the company

Karti Chidambaram, son of Congress leader P Chidambaram.(File Photo)
Published on Jan 18, 2018 10:49 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Govt to scan purchases above Rs 6 lakh, mainly luxury goods and jewellery

The scrutiny will primarily be on purchase of luxury goods and jewellery.

A shop attendant shows two pairs of 24K gold bracelets to a customer inside a jewellery store.(Reuters File Photo)
Updated on Jan 18, 2018 09:26 AM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Union Budget may ease tax on transfer of stressed assets; reforms report likely

Demonetisation and a report card on its impact on bringing more people into the tax net is also likely feature in the Union Budget.

A view of the Parliament house in New Delhi.(PTI File Photo)
Updated on Jan 22, 2018 09:06 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray, New Delhi

Govt plans to bring in law to regulate cryptocurrency trade, forms panel

Indian authorities are apprehensive that black money is being used to trade in cryptocurrencies.

There are more than 1,300 decentralised currencies such as Bitcoin, Ripple and Litecoin, and the government wants a law to regulate trade of cryptocurrencies.(REUTERS)
Updated on Jan 14, 2018 08:47 AM IST
Hindustan Times, New Delhi | ByP Suchetana Ray, New Delhi

Aircel Maxis case: ED raids Karti Chidambaram’s premises in Chennai and Delhi

The raids were conducted at four places in Chennai and a few in Delhi, including P Chidambaram’s residence in the capital a Jorbagh. A chartered accountant and Karti’s personal assistant were also raided by ED on Saurday.

ED raided on Saturday properties of Karti Chidambaram in New Delhi.(Sonu Mehta/HT Photo)
Updated on Jan 13, 2018 06:56 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

SBI likely to lower minimum balance requirement, move to quarterly averages

The move comes after SBI faced criticism over reports that the bank had earned Rs1,771.67 crore from customers for not maintaining enough balance in their savings accounts.

State Bank of India Chairman Rajnish Kumar attends a news conference in Mumbai, India, November 23, 2017.(REUTERS)
Published on Jan 05, 2018 07:31 AM IST
Hindustan Times, New Delhi | ByP Suchetana Ray, New Delhi

ICAI told to give monthly reports on CAs

The task force of shell companies created in 2017 has directed the ICAI to submit reports on CAs found operating, auditing or certifying such companies.

The central government has asked the Institute of Chartered Accountants of India to submit monthly reports on disciplinary action taken against chartered accountants involved with shell companies.(File Photo)
Published on Jan 03, 2018 10:40 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Parliamentary panel raps airlines for ‘rude’ conduct

The panel has asked the government to frame a standardised training programme suitable to Indian conditions, emphasising courteous behaviour to the passengers.

The panel on transport, tourism and culture, in its draft report, particularly singled out Indigo airlines for its employees’ misbehaviour.(File)
Updated on Jan 03, 2018 10:35 PM IST
New Delhi, Hindustan Times | BySaubhadra Chatterji & P Suchetana Ray

Govt looks at higher direct tax collection to tackle revenue collection crisis

Top officers in the tax department say they have been asked to ensure additional collection of at least Rs20,000 crore this financial year.

Finance Minister Arun Jaitley chairs a pre-Budget consultation meeting with financial sector regulators, in New Delhi .(PTI)
Published on Jan 03, 2018 04:43 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

FM Jaitley announces details of electoral bonds for political funding

The bearer instrument will not carry the name of the payee and can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore.

The electoral bonds with a life of only 15 days, during which it can be used for making donation only to registered political parties, can be encashed only through a designated bank account of the receiver.(Arvind Yadav/HT Photo)
Updated on Jan 02, 2018 09:56 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Errant CAs may face bigger fines, criminal action as govt likely to set up regulator in January

The Institute of Chartered Accountants of India says that the existing framework is “adequate” and that there is no need for a new body.

Earlier this year, the government raised concerns as over 1400 complaints against CAs were pending and data showed that only 25 CAs have been punished in the past 10 years.
Updated on Dec 30, 2017 04:10 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Acquitted in 2G case, Unitech, Loop may seek compensation

Unitech Wireless and Loop Telecom were charged by the Central Bureau of Investigation (CBI) in the case, the first for allegedly conspiring with the then telecom minister to subvert the licence issue process, and the second for allegedly being a front for the Ruias of Essar Group.

Sanjay Chandra, MD of Unitech Wireless (Tamil Nadu) Ltd, has been acquitted in the 2G case.(HT File Photo)
Updated on Dec 29, 2017 08:06 AM IST
Hindustan Times,New Delhi | ByP Suchetana Ray

Higher crude prices could strain government’s budget maths

Crude prices are expected to increase given the Organisation for Petroleum Exporting Countries (OPEC) and Russia extending an agreement to cut oil output till the end of 2018.

The downward spiral of crude since the end of 2014 reduced India’s oil import bill from $112 billion in 2014-15 to $64 billion in the last fiscal year. (REUTERS)
Updated on Jan 17, 2018 12:51 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

ED files money laundering charges against Lalu’s daughter Misa Bharti, her husband

The farmhouse, located at 26, Palam Farms in south Delhi’s Bijwasan area was attached provisionally under the Prevention of Money Laundering Act.

RJD leader and Rajya Sabha MP Misa Bharti at the ED zonal office in Patna.(File Photo)
Updated on Dec 23, 2017 10:42 PM IST
New Delhi, Hindustan Times | ByP Suchetana Ray

A Raja, Kanimozhi, others acquitted in 2G spectrum case

A Special CBI court acquitted former telecom minister A Raja, DMK MP Kanimozhi and all other accused in the 2G scam case that had rocked the Manmohan Singh-led UPA-II government.

DMK MP Kanimozhi was acquitted by a special court in the 2G scam case, in New Delhi.(PTI Photo)
Updated on Dec 21, 2017 11:42 PM IST
Hindustan Times, New Delhi | ByAshok Bagriya, P Suchetana Ray, Bhadra Sinha and Snehal Tripathi, New Delhi

2G spectrum verdict: Why the case fell flat

Former telecom minister A Raja, DMK MP Kanimozhi and all other accused were acquitted in the 2G spectrum allocation scam cases by a special court in New Delhi.

Former telecom minister A Raja leaves the Patiala House Courts after being acquitted by a special court in the 2G spectrum case, in New Delhi.(PTI Photo)
Updated on Dec 21, 2017 09:50 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Tears and joy as special CBI court gives 2G scam judgment

Special CBI judge acquits all accused in 2G spectrum allocation case, says there is no evidence against them.

DMK MP Kanimozhi and her husband G Aravindan celebrate in Delhi after the politician was acquitted by a special court in the 2G scam case in Delhi on December 21.(PTI)
Updated on Dec 21, 2017 04:54 PM IST
Hindustan Times, New Delhi | BySuchetana Ray and Snehal Tripathi

2G spectrum scam verdict: Emotional Raja punches the air, Kanimozhi thanks supporters

A CBI special court has acquitted all the accused in the 2G spectrum case, including former telecom minister A Raja and DMK MP Kanimozhi.

DMK’s A Raja arrives at the Patiala House Courts ahead of the verdict in 2G spectrum scam case in New Delhi on Thursday.(Sonu Mehta/ HT)
Updated on Dec 21, 2017 08:47 PM IST
ByP Suchetana Ray

Individual bankruptcy: Rules to deal with personal guarantors soon

The rules, once notified, will allow simultaneous proceedings against defaulting companies as well as individuals who have stood as guarantors of the loans at the National Company Law Tribunal.

The government is looking at dealing with individuals including promoters who are guarantors for loans to bankrupt companies. (Shutterstock)
Updated on Dec 21, 2017 07:16 AM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Panama Papers: ED set to issue 50 FEMA notices

The Enforcement Directorate (ED) is set to take the first consolidated action against those named in the Panama Papers list

A plate of the Geneva office of the law firm Mossack Fonseca is seen on June 16, 2016 in Geneva. An information technology worker at the Geneva office of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, has been arrested.(AFP File Photo)
Updated on Dec 14, 2017 10:53 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Bankruptcy code to be amended further, group firms to come under same NCLT bench

Amendments to the Insolvency and Bankruptcy Code may include a provision to ensure that bankruptcy proceedings of subsidiaries of the same company are referred to one bench.

New amendments will ensure that the same insolvency professional handles the insolvency proceedings of all the subsidiary firms of a company. (Shutterstock)
Updated on Dec 13, 2017 08:17 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

President ratifies move to bar defaulters from bidding for stressed assets

Government officials say amendment is not a blanket ban on promoters of defaulting companies but experts disagree, say ordinance gives no clarity on bona fide defaulters and foreign investors.

File photo of President Ram Nath Kovind.(HT)
Updated on Nov 23, 2017 09:18 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

Ordinance to change insolvency and bankruptcy laws cleared, focuses on stressed assets

The Cabinet on Wednesday sought President’s approval for amending the Insolvency and Bankruptcy Code (IBC). Finance minister Arun Jaitley did not divulge details about the changes being made to the Code, as it is yet to be approved by the President.

Union finance minister Arun Jaitley and minister of law and justice Ravi Shankar Prasad address a press conference after a cabinet meeting at PIB Conference Hall in New Delhi on Wednesday, November 22, 2017.(Sonu Mehta/HT PHOTO)
Updated on Nov 23, 2017 09:40 AM IST
New Delhi, Hindustan Times | ByP Suchetana Ray

Anti-fraud agency finds SBI Caps, Ambit guilty in Kingfisher loan case

The SFIO began investigating Kingfisher for alleged financial irregularities in 2015 and found Vijay Mallya, former CFO A Raghunathan and other board members guilty of corporate mismanagement.

Vijay Mallya in July 2006(HT File Photo)
Updated on Nov 21, 2017 12:28 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray

World Bank Group, HDFC create fund to finance affordable houses

Developers can borrow from the $800 million fund to build homes under Pradhan Mantri Awas Yojna.

Under the Pradhan Mantri Awas Yojna, the Modi government proposes to provide houses to all urban poor by 2022.(Sunil Ghosh/HT File Photo)
Updated on Nov 16, 2017 10:56 PM IST
Hindustan Times, New Delhi | ByP Suchetana Ray
SHARE
  • 1
  • 2
  • 3
  • ...
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, June 16, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On