The government plans to simplify GST by replacing the current four-tier structure with a two-rate system: 5% and 18%, plus a separate sin tax. This reform aims to ease costs for the middle class and boost demand. Items like small…
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Swiggy is restructuring its organisation and is set to appoint two new vice presidents to oversee finance for Instamart and its food delivery division separately. This move reflects the growth of both arms. It comes amid industry discussions on shifting…
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Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on loan repayments of 86.59 billion rupees to seven public sector banks, adding to its financial woes. The default includes principal and overdue interest to lenders like Union Bank of India and State…
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The government plans to reduce GST on insurance premiums from 18% to 5% or even zero, as part of the upcoming GST 2.0 reforms aimed at simplifying the tax system and easing the burden on consumers and businesses. Insurance stocks…
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Prime Minister Narendra Modi’s Independence Day GST reform announcement is seen as a game-changer, with brokerages projecting a Rs 2.4 lakh crore demand boost and a 50–70 bps lift to GDP growth. Expected around Diwali, the reforms, coupled with earlier…
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India’s audit system, largely dominated by global networks, is grappling with independence and transparency challenges. Experts including NFRA’s first chief, former ICAI president, and senior audit leaders stress stricter enforcement, joint audits, AI-driven reporting, and mid-tier consolidation. Government reforms, direct…
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