LCR is a liquidity requirement for banks to maintain at all times a certain proportion of high-quality liquid assets (HQLA), including cash, reserves with central banks, and federal government bonds, which can easily be converted into cash.
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On July 25, The nine-judge Constitution bench of the Supreme Court has held that royalty payable on minerals is not tax. The majority judgment was authored by Chief Justice of India DY Chandrachud on behalf of himself and seven colleagues.The…
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The penalty confirmation was received on July 24, 2024. Escorts Kubota has expressed its intention to appeal against the order, citing the penalty as a result of an unintentional clerical mistake. The financial impact of this penalty is significant.
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The MoS, Ministry of Petroleum and Natural Gas, Suresh Gopi has said that the GST Council in which all States and UTs are represented, has not made any recommendation for inclusion of these goods under GST.
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India’s GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will finalize the plan in its next meeting. Customs duty overhaul is also planned, aiming for simplification and…
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Finance Minister Nirmala Sitharaman’s Budget 2024, as garnered widespread approval from CFOs for its focus on infrastructure, sustainability, MSMEs, inclusive growth, and the vision of Viksit Bharat.
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