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…
Read More
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…
Read More
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,…
Read More
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.
Read More
The struggling telco is heavily investing in outlet-based business contribution models as it leans on its physical distribution network to stem market share losses. Vi has opened 100 new stores in the last year and is expanding mini stores.
Read More
FMCG companies and distributors are blaming each other for lapses in passing GST benefits to consumers, particularly on smaller packs. The government plans action against firms and e-commerce platforms found raising base prices, with 2,000 complaints already forwarded to CBIC.…
Read More