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ICAI notifies phased financial reporting norms for LLPs, non corporates; Rs 5 crore threshold kicks in FY26

New guidance notes to standardise financial statements beyond companies; full applicability from FY27.

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CBDT clarifies GAAR grandfathering, but Tiger Global ruling keeps structures under scrutiny

Tax rules clarification limits GAAR on pre 2017 share investments, wider arrangements still open to challenge.

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ICAI defers SQM rollout, continues with existing audit quality control framework

Rollout of Standards on Quality Management (SQMs) put on hold after council review. ICAI said that the existing Standards on Quality Control (SQCs) will continue to remain in force until the new quality management framework is made effective.

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TVS family rift spills into Sundaram Clayton boardroom: Venu Srinivasan takes governance charge, tells Lakshmi to focus on biz

Sundaram Clayton is holding company of TVS Motor.

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Iran war knocks on boardrooms: Corporates stare at a new risk

The threat to corporates cannot be understood in isolation. It sits within a broader expansion of targets that now includes energy facilities, shipping lanes and digital systems. Recent attacks on oil infrastructure and maritime assets in the Gulf highlight how…

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Real GDP growth may slow on costly crude: Credit rating agencies

Icra projected GDP growth at 6.5% in FY27, assuming average crude price remains in excess of $85 a barrel this year, while Care Ratings projected a similar growth on higher average fuel-price assumptions-at $100 per barrel.

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8th pay commission: Delhi, Chennai, Puducherry, Chandigarh — Full list of state visits and meetings in August, September
8th pay commission: Delhi, Chennai, Puducherry, Chandigarh and Mumbai — Here's a full list of cities and dates that the 8th CPC is set to conduct state visits and meetings in August and September 2026.
Delhi Lakshmi Yojana online portal launched — Check who can apply
Appealing to eligible women to register online from August 1, Gupta said the portal would enable applicants to submit forms, upload documents and choose their preferred financial option by linking either a CBDC wallet or a bank account with the scheme.
UPI transactions hit record ₹29.9 lakh crore in July; volume rises to 23.66 billion
UPI transactions hit a record ₹29.9 lakh crore in July, with 23.66 billion transactions. The value marked a 19% annual growth compared to last year, solidifying UPI's position in India's digital payment ecosystem.
Delhi Municipal Corporation to consider one-time regularisation, extending DA and benefits for contractual employees
The Municipal Corporation of Delhi (MCD) is considering one-time regularisation of contractual employees and extending entry-pay, DA, allowances, leaves and other benefits to them. Here's all we know… 
ITR filing due date: More than 5.9 crore income-tax returns filed by 31 July, says tax department — All we know
ITR filing due date: More than 5.9 crore income-tax returns were filed for AY 2026–27 by 31 July. Taxpayers filing the ITR-3 and ITR-4 (Sugam) forms must do so by 31 August and 31 October, respectively.
Annapurna Bhandar Yojana: When is the August ₹3,000 payment likely to arrive?
Beneficiaries of the Annapurna Bhandar scheme are inquiring about the August 2026 credit date. The scheme replaces TMC's Lakshmi Bhandar, offering ₹3,000 monthly aid. 
Delhi Lakshmi Yojana: You will not get ₹2500, until you have an MLA or MP's approval | Check rules to apply
The Delhi Lakshmi Yojana aims to empower eligible women by providing ₹2,500 in monthly assistance. Women aged 21 to 60 from households with an income of under ₹2.5 lakh can apply, with a local MLA or MP's recommendation required for a transparent application process.
Credit card balance transfers affect your credit score, experts say; here's what borrowers should know
Credit card balance transfers can lower interest costs but may temporarily affect your credit score through hard inquiries and new accounts. Experts explain why repayment discipline, lower credit utilisation and avoiding repeated transfers are essential for maintaining a healthy credit profile.
EPFO fast-tracks PF withdrawals, aims to settle claims within 24–48 hours — check details here
The EPFO aims to settle fresh PF withdrawal claims within the same day or a maximum of two days, easing access to savings for members. Details here. 
Resigned without another offer in hand? Here’s how much PF you can access immediately and what stays invested
The revised EPF Scheme no longer permits employees to withdraw their entire PF balance after just two months of unemployment. Check the recent withdrawal rules here.