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Insolvency board allows more flexibility in asset sale of bankrupt businesses

New Delhi, May 29 -- The Insolvency and Bankruptcy Board of India (IBBI) has allowed administrators of bankrupt companies to sell these entities either as a whole or their assets individually, in a mo... Read More


India must increase labour productivity to become a developed nation, says Niti Aayog's Suman Bery

New Delhi, May 29 -- Increasing labour productivity is central to India's aspiration of becoming a developed nation in about two decades, as it would raise living standards and boost growth momentum, ... Read More


Industrial output moderates to 2.7% in April, slowest in eight months

New Delhi, May 28 -- Industrial production grew at 2.7% in April, its slowest pace in eight months, as mining output contracted and power generation grew at a slower pace over a high base, official da... Read More


Insolvency board revamps reporting of bankruptcy resolution process to ease compliance burden

New Delhi, May 28 -- Insolvency and Bankruptcy Board of India (IBBI) has revamped the reporting and monitoring of corporate bankruptcy proceedings to cut red tape, enable auto-population of electronic... Read More


Income-tax return filing deadline extended to 15 September

New Delhi, May 27 -- India's apex direct tax policy making body has extended to 15 September the income-tax return filing due date for the assessment year 2025-26 (FY2024-25) for those who do not need... Read More


Investments worth Rs.4.32 tn expected in North-east, states to offer incentives: Jyotiraditya Scindia

New Delhi, May 27 -- North-eastern states are expected to start offering incentives soon for business deals worth Rs.4.32 trillion that they have sown up in the just-concluded regional investment summ... Read More


Make tribunals efficient to free up disputed funds: Industry body

New Delhi, May 25 -- India should set up a centralised oversight mechanism to improve the functioning of quasi-judicial tribunals and unlock huge funds tied up in unresolved disputes, the Confederatio... Read More


PM Modi urges states to unlock growth, leverage FTAs to drive India's development

New Delhi, May 25 -- Prime Minister Narendra Modi on Saturday urged state chief ministers to work together in transforming India into a developed country by removing growth bottlenecks and capitalisin... Read More


Tax rate revamp on GST Council agenda; India to push FATF to grey list Pakistan

New Delhi, May 23 -- The Goods and Services Tax (GST) Council will review proposals for tax rate rejig at its next meeting to be held within a couple of months to see how best to simplify the indirect... Read More


'More confidence in recoveries under IBC'

New Delhi, May 22 -- Creditors have become more willing to lend to distressed firms at lower interest rates since the Insolvency and Bankruptcy Code (IBC) was adopted, showing they are more confident ... Read More