The Central Information Commission has urged GST authorities to implement a system for tracking tax evasion complaints. Currently, complainants lack a way to know the progress of their petitions. This opacity breeds suspicion of cases being closed without proper review.…
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The Insolvency and Bankruptcy Board of India’s (IBBI) push to overhaul real estate insolvency through project-wise resolution, tighter regulatory coordination, and stronger disclosure norms has been widely welcomed by legal experts, but concerns remain over execution, interlinkages between projects, and…
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Centre has recommended counting partner level experience and shifting to revenue based eligibility in government consulting tenders; Maharashtra initiates rollout while Gujarat and Rajasthan remain in discussions, sources said.
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A Supreme Court-directed committee has proposed significant changes to real estate insolvency rules. The focus is shifting from liquidation to completing projects and preserving value. Key recommendations include project-wise insolvency, ensuring project continuity, and improving transparency. These measures aim to…
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The RBI has declined banks’ request to stagger provisions for likely MTM losses in the March quarter. Banks had sought relief to cushion the impact of rising bond yields and a late-imposed $100 million cap on net open positions, both…
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India is considering allowing FDI in inventory-based e-commerce exclusively for exports. This move aims to boost outbound shipments without affecting domestic retailers. Strict safeguards, including physical segregation of warehouses, are being evaluated to ensure export-bound goods are not sold locally.
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