The government clarified that employees under the Unified Pension Scheme are eligible for Fixed Medical Allowance. The key takeaway is parity of benefits with NPS employees under existing rules.
Dhara Verma Abstract The labour welfare laws in India provide essential maternity and paternity benefits to workers which demonstrate the country’s commitment to achieving gender equity and supporting families while fostering social and economic development. The maternity protection system in India has experienced legislative and judicial improvements but its paternity benefits system remains underdeveloped because […]
The notification restricts import of Glufosinate where the combined CIF value and duty fall below the threshold. It introduces a uniform valuation-based control for six months.
The reform addresses inefficiencies caused by gross settlement, which increased liquidity and funding requirements for FPIs. SEBI allows netting of funds for outright transactions, reducing costs while maintaining safeguards against systemic risks.
RBI has designated Union Bank of India as the Lead Bank for Polavaram and Markapuram districts. The move ensures smooth banking coordination and financial inclusion in newly created districts.
The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoother tax compliance for taxpayers.
The government restricts the mandatory inspection certificate requirement to EU nations and select European countries. Exporters shipping to other European regions get a six-month compliance relief, simplifying export procedures.
RBI proposes major governance reforms replacing rigid rules with principle-based guidance for bank Boards. The framework allows delegation to committees while ensuring Boards retain control over strategic and material decisions.
CBIC amends Notification 15/2023-Customs (ADD) to update producer name to DNE LASER (Guangdong) Co., Ltd. based on DGTR recommendation.
This piece examines how restrictive provisions under GST law limit refund of unutilised ITC during insolvency, despite broader enabling clauses. It highlights judicial divergence and the resulting uncertainty for creditors and liquidators under IBC.
