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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


No IBC amendment for real estate sector; regulations to act as sandbox

New Delhi, March 8 -- 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


MCA raises thresholds for merger regulation

New Delhi, March 8 -- Businesses seeking to merge will need permission from the Competition Commission of India (CCI) only if their combined assets and turnover cross higher thresholds set out on Frid... Read More


Cabinet clears additional dearness pay for central govt employees, pensioners

New Delhi, March 7 -- The Union cabinet has approved releasing additional dearness allowance and dearness relief to central government employees and pensioners effective 1 January to soften the impact... Read More


CCI gives effect to higher penalty, settlement scheme from Wednesday

New Delhi, March 6 -- The Competition Commission of India (CCI) on Wednesday gave effect to two schemes under which it will offer negotiated settlements in antitrust cases and accept commitments from ... Read More


Delhi should get its share of taxes from Centre, says FM Atishi

New Delhi, March 5 -- The Delhi state government should get a share of the union government's taxes devolved to states as per a formula to be set by the Finance Commission, Delhi finance minister Atis... Read More


Trust in financial statements key to investment flows, economic growth: NFRA chief

New Delhi, March 5 -- Trust in financial statements of businesses must be maintained and enhanced for India's capital markets and overall economy to attract more investments and boost growth, National... Read More


Make tax system more open, efficient: Nirmala Sitharaman to officials

New Delhi, March 4 -- Finance minister Nirmala Sitharaman on Monday asked Goods and Service Tax (GST) officials to work towards making the tax regime more transparent and efficient, while also leverag... Read More


Regulatory reform soon for ease of doing business

new delhi, Feb. 29 -- The ministry of corporate affairs will look into making changes to rules and regulations issued under the Companies Act and other laws, said a person informed about discussions i... Read More


Next gen reforms firmly on track; compliance norms should be simplified for start-ups: Nirmala Sitharaman

New Delhi, Feb. 28 -- Next generation reforms are firmly on track and only external factors such as prices of crude oil, natural gas and fertilizers are a matter of worry for the economy, finance mini... Read More