All stories by Ruchika Chitravanshi
Nirmalaji Wants To Bring Taxes To Nil But...
Rediff.com17 hours ago'... there are challenges to overcome and the country needs money for that.'
Budget 2024: FM exhorts states to take up next-gen reforms agenda
Rediff.com24 Jul 2024In her Budget speech, Finance Minister Nirmala Sitharaman on Tuesday underlined the need for collaboration between the Centre and states to take up the next-generation reforms covering land, labour, capital and entrepreneurship. As far as revenue share goes, the government has projected to give about 32.5 per cent of central taxes to states during FY25, against the 15th Finance Commission's recommendation of 41 per cent, according to the Union Budget estimate.
'Private Sector Must Create Jobs'
Rediff.com25 Jun 2024'The private sector believes that some enablers in labour-intensive sectors like apparel, toys, tourism, and media retail, can unlock a lot of jobs.'
ICAI, MCA secretary discuss road map to create big Indian companies
Rediff.com24 Jun 2024The Institute of Chartered Accountants of India (ICAI) has held discussions with ministry of corporate affairs (MCA) secretary Manoj Govil on the 'Aggregation of CA Firms' and the roadmap to create big Indian firms, a press statement by ICAI said.
I&B holds meet to discuss Big Tech revenue sharing
Rediff.com13 Jun 2024The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.
Beneficial ownership norms in focus as MNCs face scrutiny
Rediff.com12 Jun 2024The latest ruling by the Registrar of Companies (RoC) in the LinkedIn Technology Information case for violating significant beneficial ownership (SBO) norms has brought the amended rules into the spotlight. Experts suggest that more entities, particularly multinational companies (MNCs), are expected to face greater scrutiny. "Companies are closely watching this space.
Nirmalaji 1st FM To Present 7 Budgets
Rediff.com11 Jun 2024Ensuring that government capex crowds in private investment will be one of her challenges.
Moody's Concerns Over Coalition Challenges
Rediff.com8 Jun 2024Moody's Analytics said that the reduced political stability and the need for consensus building that is inherent with a coalition government, might erode investor confidence in the near term.
Will Raebareli Also Go The Amethi Way?
Rediff.com16 May 2024'Sonia did not visit this place once since she won. Who's to say they won't lose this one, too?'
Amethi Misses Rahul Vs Smriti Contest
Rediff.com14 May 2024'If the Congress loses this time, Rahul Gandhi will not look back at Amethi ever again.'
Getting future-ready: Govt may tweak IBC to factor in climate change
Rediff.com7 May 2024The government is contemplating changes to the Insolvency and Bankruptcy Code (IBC) to deal with environmental claims and liabilities of defaulting companies to make the law future-ready and meet climate action goals, sources told Business Standard. Currently, the IBC has various categories of claims and creditors, including those related to environmental liabilities.
Above-normal monsoon likely to ease food prices: FinMin
Rediff.com26 Apr 2024With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. "Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.
Centre Plans To Raise Rs 7.5 Trillion...
Rediff.com6 Apr 2024...to fund the revenue gap. Of the gross market borrowing of Rs 14.13 trillion estimated for FY25, Rs 7.5 trillion, or 53 per cent, is planned to be borrowed in the first half.
Summer sowing may ease inflation: FinMin
Rediff.com26 Mar 2024The finance ministry expects a broad-based moderation in inflationary pressures on the back of an anticipated reduction in food prices as a result of the uptick in summer sowing. The retail inflation rate remained stubbornly clung to the 5 per cent mark in seven of the past eight months. "Core inflation is trending downwards, indicating a broad-based moderation in price pressures... Driven by strong domestic growth and benign global commodity prices, core inflation is declining continuously.
Work Begins On The Full Budget
Rediff.com26 Mar 2024Thrust on infrastructure and capital expenditure is expected to continue in the Union Budget for FY25.
Uniform KYC Norms On The Cards
Rediff.com20 Mar 2024'The committee has been constituted. Different government departments and FSDC members are part of it.'
Digital Competition Bill Wants Interoperability
Rediff.com19 Feb 2024It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.
ED to probe Fema breach in Paytm bank case
Rediff.com15 Feb 2024The Directorate of Enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (Fema) in the Paytm Payments Bank case, according to sources in the know. The probe follows serious concerns raised by the Reserve Bank of India on multiple violations by the Paytm bank, which is a joint venture between One97 Communications, which is the parent company of Paytm, and the group's founder Vijay Shekhar Sharma.
IBBI allows same RP for company and personal guarantor insolvency
Rediff.com5 Feb 2024The Insolvency and Bankruptcy Board of India (IBBI) has lifted the restriction to allow the same insolvency professional for the resolution process of a company as well as its personal guarantor for a better harmonisation and effective coordination of both processes. The changes made to IBBI - Bankruptcy Process for Personal Guarantors to Corporate Debtors, Regulations, 2019 -- came into effect on January 31. IBBI has also amended the provision regarding the meetings of the Committee of Creditors to make them mandatory in insolvency matters about personal guarantors.
Tax devolution to states seen at 32%, but lags 15th FC advice
Rediff.com2 Feb 2024The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.