For an NBFC (a bank for instance), securing debt is like procuring raw material for conducting its business. The resultant interest expenditure is generally always higher than 30 percent of its EBITDA. Also, interest is the main component of the total expenditure claimed by the NBFCs. Applying thin capitalisation rules results in disallowance of interest expense and consequent increase in tax outflows, impacting the profitability and viability of these entities. … [Read more...] about Budget 2020: NBFCs expect exception from thin capitalisation rules
Debt 7 year rule
Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about No pigging out on pork delicacies for China this Lunar New Year
Defending Australian Open champion Naomi Osaka said on January 18 that 2019 was the "toughest year of my life" after the Japanese ploughed through several coaches and suffered a major dip in form. The 22-year-old began last year in spectacular fashion, winning in Melbourne for back-to-back Grand Slam titles and soaring to the top of the world rankings. … [Read more...] about Australian Open 2020: Osaka vows to block out negatives after ‘toughest year’
Several police officers were beaten bloody by pro-democracy protesters in Hong Kong Sunday as violence erupted at a rally calling for greater democratic freedoms in the heart of the city. Trouble flared when police ordered the gathering to disperse from the city's commercial district, with protesters gathering behind shields of umbrellas. … [Read more...] about Officers beaten after police disband Hong Kong democracy rally
New Delhi’s frantic preparations for Round Three suggest as much. The army has operationalised the cold start doctrine some 15 years after thinking it up and also tested it in mountains, though in the eastern sector. The air force has acquired its first Rafale, with the defence minister personally ensuring its auspicious entry into the inventory. India’s ‘success’ in this round will be how it manages to avoid war even as it prosecutes the promised proactive response to proxy war. … [Read more...] about Politics | How will New Delhi react to the civil disobedience in Kashmir?