Sebi now permits InvITs to add back major maintenance expenses for road projects funded by debt. This change allows greater flexibility in managing project needs without reducing investor distributions. Unitholders must approve any new debt raised for major maintenance expenses.…
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The proposals are part of a consultation paper seeking to replace the existing Sebi (Settlement Proceedings) Regulations, 2018, with a new framework aimed at making settlement of enforcement proceedings simpler, faster and more predictable.
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According to Reddy, any fiscal burden imposed on mineral extraction should be guided by a uniform and balanced fiscal framework.
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SEBI has expanded the scope for Online Bond Platform Providers (OBPPs), allowing them to offer IFSCA-regulated products and specific tax-saving bonds. Platforms must implement clear labelling, disclaimers, and updated compliance officer requirements to ensure investor transparency and regulatory adherence.
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The Appointments Committee of the Cabinet (ACC) has cleared the appointment of three IRS officers as Members of the Central Board of Direct Taxes (CBDT), the apex body governing direct tax administration in India, according to an order issued by…
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India has reduced windfall taxes on fuel exports effective Saturday. The duty on diesel exports decreased to 24 Indian rupees per litre. Petrol export duty has been set at zero rupees per litre. Aviation turbine fuel tax is now 19.5…
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