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IBBI tweak allows lenders to first vet costs of keeping distressed firms alive; divides experts

New Delhi, March 20 -- Experts are divided over the merits of India's bankruptcy board's mandate requiring resolution professionals (RPs) to get advance approval for costs needed to keep a bankrupt co... Read More


India's direct tax collections jumps 20% to Rs.18.9 trillion

New Delhi, March 19 -- India's direct tax collections, after adjusting for refunds, has jumped nearly 20% to Rs.18.9 trillion this financial year until 17 March, the Central Board of Direct Taxes (CBD... Read More


India's direct tax collection jumps 20% to Rs.18.9 trillion

New Delhi, March 19 -- New Delhi: The Centre's direct tax collection after adjusting for refunds has grown 19.88% annually to Rs.18.9 trillion, the Central Board of Direct Taxes (CBDT) said in a state... Read More


India made a capex bet during covid. It worked: Arvind Virmani

New Delhi, March 18 -- The federal strategy to boost capital expenditure amid the covid pandemic has created a multiplier effect on economic growth earlier than expected, a top government economist sa... Read More


Digital competition law to honour IPRs of big tech firms

New Delhi, March 15 -- The proposed new digital competition law meant to ensure fair play in the new age economy will also honour Big Tech firms' exercise of intellectual property rights (IPRs) in pro... Read More


Kovind panel sets stage for simultaneous polls, cites growth gains

New Delhi, March 14 -- Simultaneous state and national elections will fuel growth, cool inflation and raise spending quality, a top government panel said, making a pitch for the so-called 'one nation ... Read More


Maharashtra, Karnataka, UP lead in GST cess collections

New Delhi, March 13 -- Maharashtra, Karnataka, Uttar Pradesh, Odisha and Tamil Nadu are leading in collecting Goods and Services Tax (GST) cess levied mainly on sale of cars, helping the Centre pay of... Read More


RoCs to drop 25,400 firms from official register for not filing annual returns

New Delhi, March 12 -- The corporate affairs ministry is in the process of removing over 25,400 companies from official records due to their failure to file annual returns for two years in a row, its ... Read More


I-T department to launch e-campaign to step up tax compliance

New Delhi, March 10 -- The Income Tax Department will run a campaign over the next few days reaching out to certain assessees who have entered into significant financial transactions but have not paid... Read More


IBC carve-out for realty is off; ball in creditors' court

New Delhi, March 9 -- The government has dropped its plan to amend the bankruptcy law to introduce a special regime for real estate developers, letting creditors instead decide whether individual proj... Read More