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SARFAESI Act Misuse: Government’s Lok Sabha Reply

August 7, 2025 702 Views 0 comment Print

Ministry of Finance addresses Lok Sabha questions on misuse of SARFAESI Act, detailing existing safeguards for borrowers and regulatory oversight by RBI.

Identification of Shell Companies

August 7, 2025 1812 Views 0 comment Print

Learn about the Ministry of Corporate Affairs’ (MCA) stance on shell companies, CSR impact assessments, and how existing laws incorporate ESG principles for corporate accountability.

4,688 Companies struck off in Jharkhand: Govt

August 7, 2025 744 Views 0 comment Print

The MCA details the removal of 4,688 non-operational companies in Jharkhand and highlights reforms like the CRC and C-PACE to simplify business processes.

Action taken by NFRA to prevent audit failure and regulatory lapses

August 7, 2025 1020 Views 0 comment Print

The NFRA has issued disciplinary orders, conducted audit quality reviews, and published inspection reports to improve corporate audit quality and prevent regulatory lapses.

Recognition Of Indian Chartered Accountants Abroad

August 7, 2025 2661 Views 0 comment Print

A summary of government and ICAI efforts to gain professional recognition for Indian Chartered Accountants in the UAE and GCC region, including MoUs and diplomatic engagement.

Black Money Recovered By Government Agencies

August 7, 2025 2217 Views 0 comment Print

A summary of government agencies’ efforts to curb black money, including search operations, tax assessments under the Black Money Act, and international agreements.

GST Rate Variations Due To Product Form Changes

August 7, 2025 798 Views 0 comment Print

A Rajya Sabha question addresses varied GST rates on similar products. The government confirms a GoM is reviewing rate rationalization but has yet to submit a report.

Fake GST Firms and Input Tax Credit Fraud

August 7, 2025 1632 Views 0 comment Print

The Ministry of Finance reports on an increase in GST fraud cases, revealing new measures like e-invoicing and biometric verification to combat fake firms.

Shortfall in Direct Tax Revenue and Implications on fiscal deficit targets

August 7, 2025 648 Views 0 comment Print

A summary of India’s direct tax collections from 2020-2025, detailing collections against budget estimates, the impact on fiscal targets, and ongoing reforms to expand the tax base.

NFRA Audit Reviews and Regulatory Oversight

August 7, 2025 867 Views 0 comment Print

This summary details NFRA’s audits and reviews from 2019 to 2025, its stakeholder engagement, complaint resolution processes, and its current jurisdiction.

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