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Merger control for IRPs: Do acquisitions of distressed firms warrant competition scrutiny?

This paper examines the proposal to use green channelling to give automatic approval to Insolvency Resolution Plans (IRP) that meet merger thresholds of the Competition Commission of India (CCI)....

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Posted Under: Income Tax |

Atma Nirbhar Bharat Part-4: New Horizons of Growth

Presentation of details of 4th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Policy Reforms to fast-track Investment Effort towards Atmanirbhar Bharat Fast track Investment Clearance through Empowered Group ...

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Posted Under: Income Tax |

Atma Nirbhar Bharat: Part-3 – Agriculture

Ministry of Finance Presentation of details of 3rd Tranche by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Yesterday’s announcements related to farmers 1. Rs 30,000 crore Additional Emergency Working Capital for farmers throu...

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Posted Under: Income Tax |

No penalty for delayed deposit of EPF dues during lockdown

No. C-1/Misc./2020-21/Vol.I/112 (15/05/2020)

Considering the difficulty faced by the establishments in timely deposit of contributions or administrative charges due for any period during lockdown, the EPFO has decided that such delays due to operational or economic reasons shall not be treated as default and penal damages should not be levied for such delay....

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Big victory for CBI and big jolt for Vijay mallya

In a major development today i.e.14th May 2020, the High Court of Justice, London, UK has rejected the application dated 29.04.2020 of Mr. Vijay Mallya seeking permission to appeal to the UK Supreme Court against its order dated 20.04.2020....

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Posted Under: Income Tax |

FM announces reform Measures for Agriculture, Fisheries & Food Processing Sectors

Finance Minister announces measures to strengthen Agriculture Infrastructure Logistics, Capacity Building, Governance and Administrative Reforms for Agriculture, Fisheries and Food Processing Sectors...

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Posted Under: Income Tax |

India’s Foreign Trade: April 2020

India’s overall exports (Merchandise and Services combined) in April 2020* are estimated to be USD 27.96 billion, exhibiting a negative growth of (-) 36.65 per cent over the same period last year. Overall imports in April 2020* are estimated to be USD 27.80 billion, exhibiting a negative growth of (-) 47.36 per cent over the same period...

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Posted Under: Income Tax |

37 key highlights of Press Conference of FM held on 16.05.2020

37 key highlights of  Press Conference of Finance Minister Smt. Nirmala Sitharaman held on 16th May 2020- Atmanirbhar Bharat 1. Finance Minister Nirmala Sitharaman begins address Today is the 4th day where after the PM’s address to the nation on building a Atmanirbhar Bharat, we have been announcing in several tranches steps that w...

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Posted Under: Income Tax |

Aatma Nirbhar Yojana Part-1 MSME Perspective

We all are aware that our honorable Prime Minister has called for ‘AATMA NIRBHAR BHARAT’ which is a big leap of faith taken by him to announce 20 Lac crore Economic Package; which is third largest in the world; which has something for every sector of economy. Our Finance Minister has given details of “AATMA […]...

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Posted Under: Income Tax |

All About Atma Nirbhar Bharat Part II

ATMA NIRBHAR BHARAT ABHIYAN –  TRANCHE II  PM Modi on 13 May in his speech said the 4 pillars our economy are Land , Liquidity , Labour and Laws. After introducing a slew of measures on Tuesday,12 May 2020 to infuse liquidity into the economy through MSME and Discomms , next in line is Labour […]...

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Posted Under: Income Tax |

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