FinMin Notifies 0.1% Concessional Fee for Guarantees under NaBFID Rules Amendment
The Ministry of Finance has notified amendments to the National Bank for Financing Infrastructure and Development (NaBFID) General Rules, 2022, providing for a concessional...
Padma Shri Awardee and Former ICAI President T.N. Manoharan Passes Away
The accounting fraternity mourns the loss of one of its tallest leaders as Padma Shri awardee and former President of the Institute of Chartered...
Govt. Outlines Impact of Digital Competition Bill on Big-Tech Firms and Innovation Strategies
The Ministry of Corporate Affairs (MCA) has highlighted that the proposed Digital Competition Bill (DCB), which includes key provisions on anti-steering and self-preferencing, is...
Govt Reveals Details of Corporate Tax Rate Cuts and Revenue Losses
The Ministry of Finance has disclosed detailed information in the Rajya Sabha regarding corporate tax rate reductions carried out since 2014, along with their...
Centre Clears GST Compensation Dues; Only Arunachal Pradesh and Manipur Pending
The Union Government has confirmed that it has cleared all pending Goods and Services Tax (GST) compensation dues to States and Union Territories, except...
Gold Monetization, Sovereign Gold Bond Schemes Struggle Despite $1.4 Trillion in Reserves
Despite Indian households holding an estimated 25,000 tonnes of gold worth $1.4 trillion, the Gold Monetization Scheme (GMS) launched in 2015 has struggled to...
Govt. Denies Link Between Surge in Swiss Bank Funds and Indian Black Money
Indian funds in Swiss banks have reportedly more than tripled in 2024, touching 3.5 billion Swiss francs (approximately ₹37,600 crore), the highest level recorded...
Tensions Over NBFC Liquidity Package Led to Internal Rift Within Finance Ministry During Budget Preparation
A behind-the-scenes account of high-level differences within the Finance Ministry during the formulation of a financial package for Non-Banking Financial Companies (NBFCs) reveals serious...
Bribery Allegations Surface Against ED Officials; 11 Cases Reported in 5 Years
The Ministry of Finance has admitted to at least 11 instances in the past five years where officers of the Enforcement Directorate (ED) were...
Backlog of IBC Cases: 6,988 Cases Pending as of March 2025, Govt Reveals in Rajya Sabha
The Ministry of Corporate Affairs (MCA) has informed the Rajya Sabha that as of March 2025, a total of 6,988 cases were pending under...
89 Lakh Health Insurance Claims Pending in 5 Years; IRDAI Rolls Out Reforms
In a recent submission to the Rajya Sabha, the Ministry of Finance revealed that more than 89 lakh health insurance claims remained pending across...
Over 10 Lakh MSMEs Go Digital, Says Govt.
In a major boost to the digital empowerment of small businesses, the Government informed the Rajya Sabha today that over 10.72 lakh Udyam-verified Micro,...
Govt. Expands Credit Schemes to Bridge Rs. 80 Lakh Crore MSME Financing Gap
In response to NITI Aayog’s alarming finding that only 19% of credit demand in India’s MSME sector was formally met by FY 2021, the...
BCI Issues Directive: Online and Distance LLM Degrees Deemed Invalid
In a decisive move to uphold the standards of legal education in India, the Bar Council of India (BCI) has declared that LLM degrees...
CMA Neeraj Dhananjay Joshi Elected Vice President of ICMAI for 2025–2026
The Institute of Cost Accountants of India (ICMAI) has announced the election of CMA Neeraj Dhananjay Joshi as its new Vice President for the...
India Begins Accepting Electronic Certificate of Origin from Mauritius Under Bilateral CECPA
The Central Board of Indirect Taxes and Customs (CBIC) has notified that the Indian Customs has officially begun accepting Electronic Certificates of Origin (e-CoO)...
Disability Rights Groups Demand Stronger Enforcement Powers in RPwD Act
Call for Urgent Legislative Action in Monsoon Session to Empower Disability CommissionersA collective of disability rights activists, NGOs, and advocacy groups from across the...
Delhi Trade & Taxes Dept. Warns GST Officials Over Delay in High-Risk Registration Verifications
The Department of Trade and Taxes, Government of National Capital Territory (GNCT) of Delhi, has issued a stern circular addressing delays in physical verification...
FinMin Rejects MCA’s Push to Exempt IBC Loan Waivers from Income TaxÂ
A significant policy rift has emerged between two key arms of the Union Government over the treatment of loan waivers granted under the Insolvency...
No Need to Warehouse Goods Shipped Before Authorisation If Cleared After Approval: DGFT
Relief not applicable to restricted items or those under STEs without special DGFT permission.The Directorate General of Foreign Trade (DGFT) has issued a significant...
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