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Govt Plans Capital Subsidy Scheme for Textile Tech Upgradation, Other Schemes Await Cabinet Nod: Giriraj Singh

New Delhi, Oct. 3 -- The government is planning a series of schemes, including a capital subsidy programme for technological upgradation across the textile value chain, amid global market uncertaintie... Read More


IBC Framework Faces Delays, Lower Realisations And Ethical Challenges: IBBI Chief

New Delhi, Oct. 3 -- The Insolvency and Bankruptcy Code (IBC)-led corporate insolvency framework has helped change India's credit culture, but continues to face challenges related to delays, lower rea... Read More


IBC Threshold Should Rise to Rs 5-10 Crore, Pre-CIRP Mediation Needed: NCLT President

New Delhi, Oct. 3 -- National Company Law Tribunal (NCLT) President Anupinder Singh Grewal has called for raising the minimum threshold for initiating insolvency proceedings under the Insolvency and B... Read More


Fraudulently Initiated IBC Proceedings Can Justify Recall of Section 9 Admission, But Not Automatic CIRP Termination: SC

New Delhi, Oct. 3 -- The Supreme Court has held that the Adjudicating Authority (AA) under the Insolvency and Bankruptcy Code (IBC), 2016 can recall admission of a Section 9 insolvency application if ... Read More


RoDTEP Scheme Extended Till December 2026; Existing Rates And Value Caps Unchanged

New Delhi, Oct. 3 -- The Department of Commerce has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme until December 31, 2026, providing continued support to exporters. ... Read More


Government Extends RELIEF Scheme Component II Amid West Asia Shipping Disruptions

New Delhi, Oct. 3 -- The Department of Commerce has extended the timelines under Component II of RELIEF (Resilience & Logistics Intervention for Export Facilitation) in view of continued geopolitical ... Read More


West Bengal GoM Approves Draft Industrial Policy, MSMEs And AI Among Key Focus Areas

Kolkata, Oct. 3 -- West Bengal's proposed new industrial policy has cleared a key procedural step after the Group of Ministers (GoM) approved its draft, paving the way for consideration by the state C... Read More


Punjab And Haryana HC Issues Key Ruling On GST ITC Reversal, Covers 424 Petitions

Chandigarh, Oct. 3 -- The Punjab and Haryana High Court has ruled that a buyer's Input Tax Credit (ITC) cannot be mechanically reversed merely because a supplier has failed to deposit GST with the gov... Read More


S&P Global Forecasts 7% Growth for India in FY27, Citing Infrastructure and Capital Markets

New Delhi, Oct. 1 -- India's economy is expected to grow by around 7 per cent in fiscal 2026-27, moderating from 7.8 per cent in FY26, with infrastructure development, deeper capital markets and stron... Read More


Textiles Ministry Extends RoSCTL Scheme for Apparel Exports Till Dec 31

New Delhi, Oct. 1 -- The Ministry of Textiles has extended the Rebate of State and Central Taxes and Levies (RoSCTL) Scheme for exports of apparel, garments and made-ups by three months till December ... Read More