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allow-tax-free-bonds-to-refinance-housing-finance-companies-ajay-piramal
economy
Allow tax-free bonds to refinance housing finance companies: Ajay Piramal

MUMBAI: Industrialist Ajay Piramal has called for government intervention to free up lending to non-bank finance companies (NBFCs) by allowing National Housing Bank (NHB) to issue tax-free housing bonds and by providing ‘first-loss’ protection to fund-raising by finance companies. A first-loss cover default guarantee helps to protect the interest of lenders who provide funds to…

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government-promulgates-ordinance-to-amend-companies-law
economy
Government promulgates ordinance to amend Companies law

The government Friday promulgated an ordinance to amend the companies law, a senior official said.While details about the ordinance could not be immediately ascertained, it is believed that amendments mainly pertain to restructuring of corporate offences under the Companies Act, 2013.The proposal to issue an ordinance to amend the Act was cleared by the Cabinet…

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