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.
Updated on Feb 02, 2018 10:07 AM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 30, 2018 11:38 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 27, 2018 04:51 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 26, 2018 11:17 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 25, 2018 09:04 AM IST
Hindustan Times, New Delhi | P 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
Published on Jan 18, 2018 10:49 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 18, 2018 09:26 AM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 22, 2018 09:06 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 14, 2018 08:47 AM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 13, 2018 06:56 PM IST
Hindustan Times, New Delhi | P 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.
Published on Jan 05, 2018 07:31 AM IST
Hindustan Times, New Delhi | P 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.
Published on Jan 03, 2018 10:40 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 03, 2018 10:35 PM IST
New Delhi, Hindustan Times | Saubhadra 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.
Published on Jan 03, 2018 04:43 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Jan 02, 2018 09:56 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Dec 30, 2017 04:10 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Dec 29, 2017 08:06 AM IST
Hindustan Times,New Delhi | P 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.
Updated on Jan 17, 2018 12:51 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Dec 23, 2017 10:42 PM IST
New Delhi, Hindustan Times | P 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.
Updated on Dec 21, 2017 11:42 PM IST
Hindustan Times, New Delhi | Ashok 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.
Updated on Dec 21, 2017 09:50 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Dec 21, 2017 04:54 PM IST
Hindustan Times, New Delhi | Suchetana 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.
Updated on Dec 21, 2017 08:47 PM IST
P 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.
Updated on Dec 21, 2017 07:16 AM IST
Hindustan Times, New Delhi | P 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
Updated on Dec 14, 2017 10:53 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Dec 13, 2017 08:17 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Nov 23, 2017 09:18 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Nov 23, 2017 09:40 AM IST
New Delhi, Hindustan Times | P 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.
Updated on Nov 21, 2017 12:28 PM IST
Hindustan Times, New Delhi | P 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.
Updated on Nov 16, 2017 10:56 PM IST
Hindustan Times, New Delhi | P Suchetana Ray