Gireesh Chandra Prasad
Livemint
India
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RoC starts inquiry into MG Motor India affairs
The RoC inquiry is instituted under a provision in the Companies Act which involves more than a step of seeking information but is short of full-fledged investigation → Read More
Disclosure defaults to be auto-flagged to regulator
System will help RoC to quickly detect entities that are slipping on corporate governance → Read More
Centre-state fiscal ties are not transactional: Nirmala Sitharaman
New Delhi: Finance minister Nirmala Sitharaman has said that the Centre-state fiscal relation is not a transactional one and that the devolution of central taxes to states as decided by Finance Commissions is geared for the overall development of the country → Read More
Bankrupt firms can be sold in parts, says IBBI
Amendments to regulations on Insolvency Resolution Process for Corporate Persons allows for a request for resolution plan a second time for sale of one or more of assets of the corporate debtor in cases where no resolution plan has been received for the debtor as a whole → Read More
Aim is to make India a net defence exporter, says Rajnath Singh
Singh said that due to the measures taken by the government in the last few years, India has leapfrogged to find a place among the top 25 defence exporters of the world. → Read More
Why becoming a CA is going to get tougher
Technology and data analytics will now have a greater coverage in the chartered accountancy curriculum → Read More
GST Council meet day 2: what is expected
GST Council will also examine a report of a ministerial panel that has recommended a uniform 28% GST rate on horse racing, online gaming and casinos → Read More
The road ahead for GST as it completes 5 years
The Goods and Services Tax (GST) Council meets for two days from Tuesday as the landmark indirect tax reform completes five years. The meeting is crucial, coming at a time central and state governments are facing stiff fiscal challenges. Mint examines what the Council is upto: → Read More
To prevent GST evasion, a new plan is on the cards
Ways to prevent tax evasion on agenda during 2-day meet starting today.The panel also suggested adopting AI and ML systems to identify high-risk taxpayers and use biometric registration → Read More
Bankruptcies offer new biz opportunity for consultants
Several consulting firms and insolvency professionals are exploring plans to set up units that specialize in running bankrupt businesses after the Insolvency and Bankruptcy Board of India proposed changes to allow entities to run insolvent companies, industry executives said → Read More
GST council to approve 6th e-invoice generation portal
Only about half of eligible GST identification numbers were generating electronic invoices → Read More
The growing case for the end of GST compensation
Goods and services tax (GST) collections have picked up across states, narrowing their revenue shortfall, and eroding their case for a continuation of the GST compensation. → Read More
Anti-profiteering body to be folded into CCI
GST anti-profiteering watchdog National Anti-profiteering Authority (NAA) is set to be subsumed into the regulatory ecosystem of the Competition Commission of India (CCI), with no extension being planned for NAA beyond November when its term ends → Read More
Govt okays residual stake sale of HZL
Centre to also monetize assets of defunct Bharat Gold Mines.The five-decade-old firm under the dept of mines has been mining and producing gold mainly from the Kolar goldfields → Read More
SC says GST Council decisions not binding on Centre and states
The recommendations of the GST Council are not binding on either the Union govt or the states, the SC ruled on Thursday, rejecting the Centre’s argument that the entire structure of GST would crumble if the Council’s mandates are not treated as enforceable → Read More
S&p Lowers Fy23 India Growth Forecast To 7.3% On War, Inflation
One big worry for the agency is inflation remaining higher for longer, requiring central banks to raise rates more than is currently priced in, risking a harder landing, including a larger hit to output and employment → Read More
Retail inflation races to eight-year high in April
Galloping retail inflation raises expectations of aggressive interest rate hikes.Spiralling inflation and the impact of the war in Europe have prompted agencies, including RBI, to temper FY23 growth forecast → Read More
The Competition Commission Of India And Competition Law May Get A Facelift Soon
The government is set to overhaul the Competition Act in the monsoon session of parliament and revamp the anti-trust watchdog Competition Commission of India (CCI) to regulate India’s booming digital economy better. → Read More
What Is Driving Up Gst Collection?
The government’s goods and services tax (GST) collections, taken by analysts as a high-frequency indicator, has witnessed a strong rebound since the first wave of the pandemic. Mint takes a look at what is driving this revenue growth and its implications. → Read More
Modi Urges People To Embrace Water Conservation, Digital Payments
During the Amrit Mahotsav, 75 amrit sarovars (lakes) will be built in every district of the country → Read More