A parliamentary committee proposed limiting the National Financial Reporting Authority’s powers. It also recommended reducing proposed penalties and preserving government oversight. The panel backed decriminalizing business laws and rationalizing penalties for non-compliance. It cautioned against regulatory overlap with the Institute…
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Bill extends electronics manufacturing incentives till FY41, simplifies data centre rules and unveils fresh tax relief for government securities and diamond trade.
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The Rajya Sabha approved the MSME Development Amendment Bill, 2026, on Monday. This legislation aims to expedite delayed payment dispute resolutions for small businesses. It also seeks to improve cash flow and strengthen the sector’s financial framework. Opposition members disrupted…
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The Income Tax Department’s NUDGE campaign has successfully encouraged 1.25 crore taxpayers to file updated returns. This initiative has resulted in the payment of Rs 9,494 crore in additional taxes over two years. The department identified entities and intermediaries facilitating…
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A parliamentary panel suggests lowering the minimum director age to eighteen years. The committee also backs raising the maximum director age to seventy-five years. Special NCLT benches for insolvency matters are recommended for efficient asset resolution. The panel proposes retaining…
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