Fino-Graphic #3 – L.O.U.

– Prasun Banerjee,   Editor TJEF The banking system functions on the very foundation of trust between the lender and the creditor. Businessmen borrow money to build assets which supposedly churn more money when put to use. These businesses should have the competitive advantage to repay not only the principle but also the timely interests […]

#Fincabulary 37 – Letter of Undertaking

Source: https://depositphotos.com/ The term LoU or Letter of Undertaking has recently been in news in wake of the banking fraud concerning Punjab National Bank and Nirav Modi. A LoU is a provision of bank guarantees under which a bank can allow its customer to raise money from another Indian bank’s foreign branch in the form of a […]

Budget Series 2018-19 : #5 Impact on Telecom Sector

By TJEF Editor Junitha Johnson The Telecom Sector is deeply disappointed that Budget 2018 has not addressed any of the key issues of the financially stressed telecom industry that is already plagued by brutal price wars and high debt, upwards of Rs 7 lakh-crore. Quoting Rajan Matthews, director general of Cellular Operators Association of India (COAI) […]

Budget Series 2018-19 : #4 Impact on Healthcare Sector

By TJEF Editor Gandhali Inamdar The Union Budget 2018-19 has provided a big opportunity to the entire Healthcare industry and allied services to address the healthcare needs of a large population of the country. As envisioned under the National Health Policy 2017, the Union Budget 2018–19 has taken a long stride towards Universal Health Coverage, […]

Budget Series 2018-19: Fino-Graphic #2 – LTCG tax

– Prasun Banerjee, Editor TJEF This Budget Season, we witnessed huge drama on the stock market, with Finance Minister announcing the revival of the LTCG-tax of 10%, the market nose-dived and continued to do so until the magical word of “grandfathering” announced by Mr. Arun Jaitley. Here we try to pictorially depict what LTCG-tax means […]