The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances … Read more
Airfares between Mangaluru and other important cities, including Mumbai, have almost tripled even as the Union Civil Aviation Ministry ordered keeping the flight duty time limitations (FDTL) orders of the Directorate General of Civil Aviation in abeyance with immediate effect, on Friday. Mangaluru International Airport, in a statement here, said 18 flights, nine each arrivals … Read more
The Insolvency and Bankruptcy Code (IBC) has so far played a significant role in enhancing India’s ease of doing business, but despite its successes, there are “persistent and systemic challenges” that undermine its optimal performance, the Parliamentary Standing Committee on Finance has said. In its ‘Review of Working of Insolvency and Bankruptcy Code and Emerging … Read more
Draft amendments to all principal rules and regulations under the Companies Act and the competition and insolvency laws, among others, will now have to be accompanied by notes explaining reasons for the proposed changes and the manner and time frames of implementation. The Ministry of Corporate Affairs (MCA) has firmed up a policy framework for … Read more