In its Tax Policy Working Paper Series -1: Enhancing Certainty, Transparency and Uniformity in Permanent Establishments and Profit Attribution for Foreign Investors in India, released on Friday, the Aayog has suggested the finance ministry consider these recommendations and possibly constitute…
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Market regulator Sebi is not considering any regulatory framework for family offices. Sebi issued this clarification today. Media reports suggested Sebi was exploring oversight. The regulator confirmed these reports are incorrect. No such proposal is currently under discussion. Family offices…
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Financial regulators – the Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India and Pension Fund Regulatory and Development Authority -would not enforce ceilings on the amounts that can be borrowed by…
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The Reserve Bank of India proposed a framework for banks lending to related parties. This draft aims to ensure prudence and operational flexibility. It sets materiality thresholds for board approvals on loans. Banks with asset size above a level will…
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Life insurers face a similar squeeze. The industry paid about ?24,000 crore in GST in FY24, offset by ? 14,000 crore of ITC. With credits no longer available, the new two-rate system leaves them facing a ?15,000 crore sector-wide hit,…
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In the first major domestic legal challenge to the H-1B visa crackdown, a group of unions, education professionals and religious bodies sued the Trump administration.
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