Policy

The Government of India has approved a scheme to refund central goods and services tax ( CGST) to industrial units in Himachal Pradesh, Uttarakhand, Jammu & Kashmir and the North-East till 2027...
Aug 17, 2017
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Investing in mutual funds made easy! If you wish to invest in mutual funds, you don't need to open laptop/computer or visit any mutual fund branch to do the formalities. Now, you can do it via...
Aug 16, 2017
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The NDA government led by Prime Minister Narendra Modi may shun any major reform in the remainder of its term, and vie to make public achievements of his government in order to emerge more people-...
Aug 14, 2017
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Credit rating agency ICRA is of the view that the Monetary Policy Committee (MPC) would reduce the repo rate by 25 basis points (bps) at its upcoming policy review in August 2017.   ICRA also...
Jul 26, 2017
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The government is planning to create a new agency, National Financial Reporting Authority (NFRA), to look into the regulatory affairs of the chartered accountants (CAs).   Institute of...
Jul 24, 2017
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The Union ministers will be visiting major cities and state capitals over the next one week to explain people, traders and businessmen the finer points Goods and Services Tax (GST).   Beginning...
Jul 07, 2017
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India's economic growth outlook has improved as the impact of demonetisation seems to be fading and recent key structural reforms continue to pay off, International Monetary Fund (IMF) said in its...
Jul 06, 2017
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Bankers are meeting from Monday to decide on the possible course of action against six of the 12 defaulters for immediate referral to National Company Law Tribunal (NCLT).     The Reserve Bank...
Jun 19, 2017
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The US Federal Reserve on Wednesday raised interest rates by 25 basis points (bps) to a range of 1 to 1.25 per cent.    The hike is the second in three months and the third in six months...
Jun 15, 2017
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Taking cognizance of recent boardroom battles, Security and Exchange Board of India (Sebi) has proposed to tighten the regulatory framework for corporate governance, which includes the appointment...
Jun 14, 2017
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With the government pushing for paperless travels, air passengers may soon require to share their unique identity details during ticket bookings.   Currently, air passengers are required to...
Jun 09, 2017
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The Ministry of Finance said it has gradually abolished various cesses on goods and services in last three Budgets, in order to prepare the ground for smooth rollout of Goods and Service Tax (GST)...
Jun 08, 2017
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Niti Aayog has suggested the establishment of Railway Safety Authority – an independent body with statutory power to develop better safety provisions for the railways.   The national...
Jun 05, 2017
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Banks in India are saddled with the mounting bad debt. To ease the burden, they have asked Reserve Bank of India to make amendments to the Scheme for Sustainable Structuring of Stressed Assets (S4A...
Jun 01, 2017
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The Government of India has not ruled out rationalisation of tax rates of various items under the GST regime.   “One thing we would agree is that there is a scope for rationalisation of tax...
May 31, 2017
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The Government of India, last week, abolished the Foreign Investment Promotion Board (FIPB).    In the Budget proposal of 2017-18, Finance Ministry Arun Jaitley had announced about the...
May 29, 2017
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The Cabinet has approved a public procurement policy to promote domestic production of goods and services in line with the government’s ‘Make in India’ initiative. According to an ET report, the...
May 25, 2017
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The Insolvency and Bankruptcy Board of India (IBBI) is working on a mechanism to cut short the time for insolvency resolution of smaller companies.    “We had put out a discussion paper to...
May 12, 2017
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The government is said to be working out a new industrial policy for the North Eastern region, which is likely to incentivise select sectors such as agro processing, horticulture, floriculture and...
May 12, 2017
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The Centre and the states are likely to fix 4 per cent tax rate on gold and silver.    While southern states are in favour of a 6 per cent levy for gold and silver, some of the western states...
May 12, 2017
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Banks will no longer have to wait for an account to be formally categorized as non-performing to start loan recovery, as per the latest amendments in the banking rules. According to Reserve Bank of...
May 11, 2017
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There is a need to establish a centralized repository for cybersecurity standards, best practices and guidelines, which can be used by law enforcement agency for preventing and investigating...
May 08, 2017
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The country's capital market regulator, Sebi, has allowed investors to purchase mutual funds worth up to Rs 50,000 through digital wallets.    "Investments up to Rs 50,000 per mutual fund per...
Apr 28, 2017
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With an aim to benefit businesses, middle class and a few high earning individuals (HNIs), Trump administration made its opening bid for what officials called the "biggest cut" in US history...
Apr 27, 2017
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The Government of India is considering easing Place of Effective Management (PoEM) rules.    The move may provide benefits to Indian multinational companies (MNCs) with overseas subsidiaries...
Apr 27, 2017
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Big companies across globe are under increased pressure to compete on the quality of their customer service, and chief financial officers (CFOs) are now ready to invest in creating long term...
Apr 26, 2017
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The monetary policy committee (MPC) of Reserve Bank of India (RBI) has suggested up risks to inflation arising from price pressure, excluding food and fuel, as the main reason for keeping its...
Apr 21, 2017
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The Government of India is likely to accept most suggestions by the N K Singh committee, which include the proposal for a new debt management law, fresh deficit goalposts and escape clauses for...
Apr 20, 2017
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Now the Indian companies can do mergers and acquisitions (M&A) abroad, with the Centre allowing Indian companies to merger with companies abroad.    However, these companies will have to...
Apr 20, 2017
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Several content providers like Netflix and telecom companies have called for net neutrality in the country.   Net neutrality is the principle under which internet service providers and...
Apr 18, 2017
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The government may further liberalise the Indian market and allow 100 per cent foreign direct investment (FDI) in the cash and ATM management companies, as they are not required to comply with...
Apr 17, 2017
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The Government of India is considering keeping variations in GST rates on the same types of products at a minimum to ensure that the tax structure does not get any more complicated.   ...
Apr 17, 2017
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The Union Cabinet, on Wednesday, approved the listing of 11 central public sector enterprises on stock exchanges.    This includes five enterprises under the railway ministry— Rail Vikas Nigam...
Apr 13, 2017
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As expected, Reserve Bank of India (RBI) has kept policy interest rates unchanged at 6.25 per cent for a third straight meeting today.   The central bank, however, has raised reverse repo rate...
Apr 06, 2017
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The Government of India has made mandatory for those filing income tax returns (ITR) to quote their Aadhaar numbers, with effect from July 1.   Quoting of Aadhaar will also be compulsory for...
Apr 06, 2017
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The genuine equity investments through initial public offers and bonus share issues will not have to pay long-term capital gains tax even if no securities transaction tax (STT) was paid on their...
Apr 04, 2017
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India largest public sector lending, State Bank of India, has provided bonanza to the customers, who have raised loans prior to April 1, by slashing its base rate by 15 basis points (bps) to 9.10...
Apr 03, 2017
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India’s proposed trade facilitation agreement (TFA) in services is set for a tough negotiating process at the WTO.    “We find that the countries that are driving the services industry and...
Mar 24, 2017
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The Union finance minister Arun Jaitley has said the new indirect tax regime is likely to lower the cost of commodities and also make tax evasion difficult.   Addressing the 23rd Conference of...
Mar 23, 2017
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In order to motivate banks to adopt digital modes of payment, the Government of India may provide them an incentive of up to Rs 10 for each transaction.   A government official, as quoted by ET...
Mar 08, 2017
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India will invest in the energy sector in the US and can acquire entities if it gets a good deal.    “Our basket is really global,” Union Oil and Natural Gas Minister Dharmendra Pradhan said on...
Mar 08, 2017
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The Ministry of Finance has asked all departments and ministries to present the minutes of the schemes for appraisal before the end of this fiscal year.    The move is to ensure...
Mar 07, 2017
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The Modi-led government is keen to provide the start-up ecosystem with fresh impetus, which is why it has decided to re-look at the definition of start-ups before March-end. The govt also plans to...
Mar 07, 2017
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The capital market regulator Sebi is unhappy with Reserve Bank of India’s intervention in the overseas trading of HDFC bank shares.    HDFC Bank is a favourite stock of foreign portfolio...
Mar 06, 2017
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The government is unlikely to come up with a public-sector asset reconstruction company (ARC) in 2017-18 to tackle the bad loan crisis. The latest Economic Survey had coined the idea of this entity...
Mar 03, 2017
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New India Assurance CMD G Srinivasan has called for the reduction in regulatory regime in the insurance sector to promote its reach to  the poor.    While addressing Fourth Insurers’ Conclave...
Feb 21, 2017
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The banking system in India will need Rs 910 billion ($13.6 billion) in Tier-1 capital in the next two years to grow at the rare of at least 8 to 10 per cent on average, India Ratings and Research...
Feb 17, 2017
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The Union Cabinet, on Wednesday, approved the proposal of merger of the State Bank of India with its subsidiary banks.   The five associated are State Bank of Bikaner and Jaipur, State Bank of...
Feb 17, 2017
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The Government of India has begun tightening norms on trusts and charitable bodies.    There are allegations that these bodies, backed by corporate entities, are being used as a front for...
Feb 16, 2017
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Income tax officers will now have to file a report on the e-assessments they took up and disposed off in a particular year.   The Government of India has asked tax officials to submit self-...
Feb 14, 2017
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