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Sustained, moderately high growth and trade deals can supercharge India: World Bank's Franziska Ohnsorge

New Delhi, Oct. 5 -- Trade deals can spark a manufacturing renaissance for India, and a consistent, moderately high annual growth rate of 6%-7.5% over an extended period of time without any macroecono... Read More


NITI Aayog proposes a tax fix to ease business for offshore companies

New Delhi, Oct. 3 -- Federal policy think tank NITI Aayog on Friday proposed a presumptive taxation scheme for offshore companies deriving profits from India as part of efforts to enhance the country'... Read More


Bankruptcy early-warning system on IBC reform agenda

New Delhi, Oct. 3 -- A system prompting businesses to take steps to mitigate financial distress before it gets out of hand could become a feature of India's corporate and bankruptcy law if early discu... Read More


Finance ministry orders probe after trading firm threatens to stop operations

New Delhi, Oct. 2 -- The finance ministry has ordered a probe into complaints raised on social media by a trading firm in Tamil Nadu, which alleged it was forced to stop operations on account of haras... Read More


FIU issues notices to 25 offshore crypto firms over PMLA non-compliance

New Delhi, Oct. 2 -- The Financial Intelligence Unit of India (FIU-IND) has issued notices to 25 offshore virtual digital asset (VDA) service providers for alleged non-compliance with India's anti-mon... Read More


SC suggestions on bankruptcy reforms will be implemented: Officials

New Delhi, Oct. 1 -- The Insolvency and Bankruptcy Board of India (IBBI) is working on the suggestions made in a recent case by the Supreme Court for improving the bankruptcy ecosystem, its chairperso... Read More


Centre, states collect gross GST receipts of Rs.1.89 trillion in September

New Delhi, Oct. 1 -- Central and state governments collected Rs.1.89 trillion in goods and services tax (GST) before refunds in September, a robust 9.1% improvement over the year-ago period, official ... Read More


ED vs IBC: Govt to resolve legal clash impacting homebuyers in builder bankruptcies

New Delhi, Oct. 1 -- The government is set to decide how two overlapping laws can work harmoniously so that homebuyers aren't adversely affected when a real estate developer slips into bankruptcy and ... Read More


E-commerce under watch: Are GST cuts really reaching shoppers?

New Delhi, Sept. 30 -- New Delhi: The Union government is closely monitoring customer grievances about goods and services tax GST relief not reaching them, and is bringing any discrepancies in the pas... Read More


ED conducts searches at six locations in the Reliance Infrastructure FEMA case

New Delhi, Sept. 30 -- The Directorate of Enforcement (ED) is conducting a search operation in a case involving Reliance Infrastructure over alleged illegal overseas remittances, said a person aware o... Read More