The Indian government is planning a fresh crackdown to bring shell companies “out of their shell”, signaling a renewed push for transparency, accountability, and compliance in corporate governance. Shell entities, often used to conceal ownership, evade taxes, or channel illicit funds, have long been a concern...
The government’s latest GST rate reforms seek to resolve long-standing classification disputes over everyday food items such as popcorn, parathas, and paneer. These items have frequently been caught in tax litigation over whether they fall under processed foods, ready-to-eat meals, or essential goods — each attracting...
Global trading firm Jane Street has filed an appeal before the Securities Appellate Tribunal (SAT) against charges of market manipulation leveled by the Securities and Exchange Board of India (SEBI). The dispute marks a high-profile confrontation between a global financial powerhouse and India’s markets regulator, raising...
Indian exporters are lobbying the Reserve Bank of India (RBI) to allow a gradual weakening of the rupee as a buffer against the steep 50% tariffs imposed by the U.S. on Indian goods. With labour-intensive sectors such as textiles, gems & jewellery, and leather facing sharp...
The Reserve Bank of India (RBI) has rejected TBO Tek’s request for post-facto approval of a $712.25 million investment transaction, citing non-compliance with existing regulatory norms. The decision underscores RBI’s firm stance on foreign investment approvals and highlights the increasing scrutiny of large cross-border deals to...
The GST Council will convene on Wednesday to deliberate on tax cuts for daily-use consumer items, a move aimed at boosting festive demand and easing household budgets. If approved, the decision could provide immediate relief to consumers while reinforcing the government’s strategy of demand-led growth. The...
The Finance Ministry has announced that preparations for the Union Budget 2026–27 will begin on October 9, marking the start of a multi-stage exercise to shape India’s fiscal priorities for the next financial year. This process comes at a crucial time as India balances growth imperatives...
A new report has indicated that Indian states will be net beneficiaries of GST rate rationalisation, easing fears that consumer-friendly tax cuts could erode state revenues. The findings show that simplified tax slabs and improved compliance could boost long-term revenue flows. The reassurance is timely, as...
State Bank of India (SBI) has reassured state governments that they need not worry about revenue losses from Prime Minister Narendra Modi’s proposed “Diwali GST gift”, which involves rate rationalization and consumer-friendly tax cuts. According to SBI, states will continue to be net beneficiaries under the...
Tamil Nadu has signed 26 investment MoUs worth ₹7,020 crore during Chief Minister M.K. Stalin’s visit to Germany, a move that is expected to generate more than 15,000 jobs across multiple industries. This landmark development underlines the state’s reputation as a leading investment hub in India....
The Finance Ministry has highlighted the transformative potential of the Account Aggregator (AA) ecosystem in expanding access to formal credit across India. By enabling secure and consent-based sharing of financial data, the AA framework is expected to unlock new frontiers in lending, particularly for underserved segments...
India’s path to a $5 trillion economy does not solely depend on unicorns or mega-corporations. Instead, it lies in empowering tens of thousands of MSMEs (Micro, Small, and Medium Enterprises) to scale sustainably. By creating and supporting 80,000–100,000 MSMEs that each grow to ₹100 crore in...
Former RBI Deputy Governor has emphasized that India Inc needs to significantly scale up investments if the country is to achieve the desired 8% growth trajectory. While India’s growth outlook remains robust, driven by consumption and government-led infrastructure spending, private sector investment has lagged, creating risks...
India and the United Arab Emirates (UAE) have initiated discussions on expanding pharmaceutical trade and introducing a local currency settlement system to reduce reliance on the U.S. dollar. The move is expected to deepen bilateral economic ties, lower transaction costs, and boost resilience in cross-border trade....
The Confederation of Indian Industry (CII) has said that the government’s GST rate cut reforms will help cushion the impact of steep U.S. tariffs on Indian exports. By lowering indirect tax burdens on domestic producers, GST rationalization is expected to improve competitiveness, support demand, and partially...
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