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In a major boost to the slowing economy that comes literally in the nick of time, the Finance Minister Nirmala Sitharaman has hit a sixer with a slew of announcements for the banking and financial sector including NBFCs, HFCs and...

In a bid to check with weakening economic growth, Finance Minister Nirmala Sitharaman announced on 23 Aug 2019 withdrawal of enhanced surcharge on Foreign Portfolio Investments (FPIs), Goods and Services Tax (GST), Non-Banking Finance Companies (NBFCs), Automobile and property sectors.

The Central Board of Direct Taxes (CBDT) has clarified that small start-ups with turnover up to Rs.25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961, which provides deduction...

The Insolvency and Bankruptcy Code (IBC) has brought a new era of reform, declared Dr Mukulita Vjayawargiya, Whole Time Member, Insolvency and Bankruptcy Board of India (IBBI).

The Government has taken measure to reduce the cost of the capital raised by companies through issue of debentures which is expected to significantly deepen the Bond Market.

A high-level committee has made far reaching recommendations on corporate social responsibility (CSR) expenditure to the Finance and Corporate Affairs Minister Nirmala Sitharaman.

DBS Bank India Limited and Social Alpha have announced a strategic partnership on 13 August 2019, aimed at bolstering the growth of social enterprises and supporting innovators through business mentoring and seed capital.

S&P Global Ratings recently affirmed ‘B+’ rating on Tata Motors, removing it from CreditWatch believing that geopolitical risks such as Brexit and US tariffs could take longer than expected to play out.

Finance and Corporate Affairs Minister Nirmala Sitharaman has assured that the government intent to reduce corporate taxes and would consider 25% tax on all categories on being comfortable on tax collection.

India has consolidated and codified its labour laws “The Code on Wages, 2019” that would provide equal remuneration (anti-discrimination), wages, minimum wage rates and bonus payments to almost 500 million workers/employees across the country.