37th GST Council’s recommendations related to law and procedure
The 37thGST Council met in Goa under the Chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman. The meeting was also
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Imposition of fines on — Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
SEBI issued a Circular bearing reference number CIR/CFD/DIL/57/2017 dated June 15, 2017, specifying the fines to be imposed by the Stock Exchanges
Continue readingTask Force constituted for drafting new direct tax law submits it’s report
In order to review the existing Income-Tax Act, 1961 and to draft a new direct tax law in consonance with economic needs
Continue readingResolution of Monetary Policy Committee | RBI cuts repo rate from 5.75 % to 5.40 %
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today
Continue readingRBI imposes ‘Monetary Penalty’ on 7 Public Sector Banks
Reserve Bank of India (RBI) has, by an order dated July 31, 2019, imposed monetary penalty on seven banks for non-compliance with
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Pfizer to combine off-patent drug business with Mylan
As reported by CNBC, Pfizer is set to combine its off-patent drug business with Mylan– a generic drugmaker. Pfizer shareholders would own
Continue readingRBI imposes penalty on — One Mobikwik Systems Private Limited and Hip Bar Private Limited
In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has
Continue readingReserve Bank of India imposes monetary penalty of Rs 7 crore on State Bank of India
Press Release The Reserve Bank of India (RBI) has imposed, by an order dated 15-07-2019, monetary penalty of 70 million on State
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10-Point Vision of the Union Budget 2019-20 [Key Highlights]
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman made her maiden Budget Speech today and presented the Union Budget 2019-20 before
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[Blueprint of the Survey] Economic Survey 2018-19 tabled in parliament ; Growth in the industry accelerated during 2018-19
‘ Blue sky thinking’- an unfettered approach for an appropriate economic model for India
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Business News Update | Bank’s do not have the power to employ bouncers to recover loans
As reported by PTI, Union Minister of State for Finance Anurag Thakur stated that no bank has the power to employ bouncers
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European Commission prohibits joint venture between Tata Steel and ThyssenKrupp
European Commission prohibits proposed “Joint Venture” between, Tata Steel and ThyssenKrupp. According to the European Commission’s investigation merger would have led to
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Securities and Exchange Board of India signs MoU with Ministry of Corporate Affairs
A formal Memorandum of Understanding (MOU) was signed between the Ministry of Corporate Affairs (MCA), Government of India and the Securities and
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CCI approves Acquisition of — electrical and automation business of Larsen & Toubro Limited by “Schneider” and “MacRitchie”
The Competition Commission of India (Commission) has published the order approving the acquisition of electrical and automation (EA) business of Larsen &
Continue readingBreaking | RBI reduces policy repo rate under the liquidity adjustment facility by 25 basis points to 5.75% from 6%
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today
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Huawei files — Motion for summary Judgment against U.S. Government
As reported by media, Huawei has taken a step forward in the legal battle against the U.S. Government by filing “motion for
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Reserve Bank of India | Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
‘Changes in RTGS time window’ It has been decided to extend the timings for customer transactions (initial cut-off) in RTGS from 4:30
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McDonald’s v. Vikram Bakshi | End of 6 -Year Old legal battle with an out-of-court-settlement
As reported by media, McDonald’s reached an out-of-court settlement with its estranged partner Vikram Bakshi after a 6-year long legal battle. Connaught
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Memorandum of Understanding for code share partnership signed between SpiceJet and Emirates
SpiceJet in its statement stated that: “The reciprocal partnership will allow opening of new routes and destinations for passengers of the two airlines.”
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Aadhaar-PAN linking is mandatory and has to be completed till 31-3-2019 by PAN holders requiring filing of Income Tax Return
Constitutional validity of Aadhaar has been upheld by the Supreme Court of India in September 2018. Consequently, in terms of Section 139AA of
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