Discover the latest government policies and their impact on society. Stay informed about regulations, laws, and initiatives shaping the country's governance. Explore our comprehensive coverage of government policies and their implications.
Corporate Law : This explains how stringent organized crime laws can conflict with due process rights like fair trial and liberty. It highlights t...
Corporate Law : The issue highlights constitutional protections alongside broad detention powers. The takeaway is that procedural safeguards must ...
Income Tax : The issue is whether foreign businesses without offices in China must comply with tax laws. The key takeaway is that activities an...
Corporate Law : The law granting special powers to armed forces was upheld, but courts emphasized that such powers are not absolute. Safeguards li...
Corporate Law : The analysis highlights how terrorist groups rely on organized crime for funding and logistics. The key takeaway is that this nexu...
Corporate Law : The law removes criminal penalties for minor compliance breaches and replaces them with monetary fines. It holds that reducing cri...
Finance : The Government clarified that despite rupee depreciation, strong forex reserves and export competitiveness offset risks. The overa...
Finance : The Government is actively reviewing the economic impact of the West Asia conflict on oil prices and supply chains. Coordinated me...
Corporate Law : The document outlines essential lease terms like rent, tenure, and obligations. The key takeaway is that LOI sets the foundation f...
Corporate Law : The reform addresses fraudulent activities in cooperative societies by introducing stricter governance and audit mechanisms. It en...
Corporate Law : Supreme Court of India invalidates State VAT amendments made post-GST, citing issues of legislative competence in Telangana, Gujar...
Corporate Law : Kharghar Co-op. Housing Societies Federation Ltd Vs Municipal Commissioner (Bombay High Court) Bombay High Court in the matter of ...
Corporate Law : Calcutta High Court held that computation of award amount without multiplying the amount with the multiplier 13 is unjustifiable....
Corporate Law : Ours being a Welfare State, the respondents who happen to be instrumentalities of the State under Article 12, cannot act arbitrari...
Corporate Law : Held that there is no infringement of copyright as some contents are bound to be similar as teaching given in the Holy Books Quran...
Corporate Law : The issue concerns revision of Dearness Relief rates for pensioners. The government increased DR from 58% to 60% effective January...
Corporate Law : The Coastal Shipping Bill, 2024, introduced in Lok Sabha, aims to regulate coastal trade, boost domestic participation, and enhanc...
Corporate Law : The Ministry of Agriculture announces revised guidelines for the AMI Sub-scheme of ISAM, effective from November 10, 2024, for new...
Corporate Law : The Central Government increases minimum wage rates by revising the Variable Dearness Allowance, effective October 1, 2024, aiding...
Corporate Law : MHA issues guidelines to ensure nondiscriminatory prison visitation rights for LGBTQ+ community, emphasizing equal treatment in al...
The government has withdrawn tax benefits enjoyed by consortia of foreign and Indian engineering firms undertaking infrastructure projects, in a move that may hit the sector plagued by severe capacity deficit. The Central Board of Direct Taxes (CBDT) has withdrawn a 20-year-old instruction that provided tax exemption and lower tax rates to foreign firms setting up […]
The Competition Act, 2002 inter-alia provides for regulation of combinations in accordance with the provisions contained therein. However, the provisions of the Competition Act, 2002 relating to regulation of combinations, including mergers and amalgamations have not yet come into force as the same have not been notified. This information was given today by Shri Salman Khurshid, […]
Even after three months of the Competition Commission of India (CCI) coming into force, its predecessor, the Monopolies and Restrictive Trade Practices Commission (MRTPC) is continuing to accept fresh cases on a daily basis. Complainants are continuing to show a preference for MRTPC to the CCI, which is a costlier option for the common man and follows […]
Circular No: 20/IRDA/Actl/ULIP/09-10 Sub: Unit linked products – Cap on charges The Insurance Industry has introduced ULIPs which have found favour with insurance customers in India. These products prescribe certain charges which are deducted either from contributions or from the fund. In 2005, the IRDA had in its Circular No.032/IRDA/Actuary/DEC-2005 dated 21/12/2005 defined various charges […]
`Happy to help you’ may remind you of the famous ad of a private telecom services company, but the Income Tax (I-T) department is also eager to tell large corporate taxpayers roughly the same thing.So, client executives and relationship managers — so far confined to the private sector and especially service providers — have now made an entry into the tax department, too.
Service tax levied on law firm Custom duty on gold re-imposed Customs duty to be reduced on drugs for heart treatment No new tax on edible oil imports 4 per cent excise duty on cotton products restored Customs duty on bio-diesel reduced Life saving devices on heart condition exempted from custom duty Small business exempt […]
Excise duty on fibre for cheaper cloth reduced service tax to be levied on law firms Excise duty on petrol-driven small trucks reduced to 10% Exemption of duty on goods made at construction sites restored Drugs for heart diseases to become cheaper Customs duty on gold and silver import increased Mobile phone accessories to become […]
Economic growth decelerates to 6.7 per cent in 2008-09 compared to 9 per cent in 2007-08 and 9.7 per cent in 2006-07. Per capita growth at 4.6 per cent. Deceleration in growth spread across all sectors except mining and quarrying; agriculture growth falls from 4.9 per cent in 2007-08 to 1.6 per cent 2008-09. Manufacturing […]
The government is likely to come up with export sops for the domestic textiles industry in the upcoming Budget, including a rise in duty drawback rates. The over $55-billion industry, one of the three largest foreign exchange earners along side IT and gems and jewellery, is not keeping pace with the government’s projections for the current […]
The UPA is back at a time faced with economic slowdown and hence, an immediate agenda of economic revival. The Small & Medium Enterprises (SME) is one of the high growth sector with over 40% contribution to the industrial production. Given the high potential of SMEs to develop entrepreneurial skills, generate employment as well as […]
