The amended rules provided for the establishment of a fact checking...
Category:
Policy
Latest
India on track to becoming third-largest economy by FY31: S&P report
The country has emerged as the fastest-growing large economy at an...
Govt probes EY’s ‘work environment’ after death of young employee
Shobha Karandlaje, Union Labour Minister "A thorough investigation...
Govt revises rules for enhanced disclosures in auditor reports of companies
Among other requirements, a specific format has been prescribed for auditors to report the period and the amount of default by the company in repayment of loans or other borrowings or in the payment of interest thereon to any lender.
Govt allows firms to list global depository receipts at IFSC
A depository receipt is a foreign currency denominated instrument, listed on an international exchange, issued by a foreign depository to a domestic custodian and includes GDRs.
New optional tax regime could adversely affect dwindling savings:Experts
-According to reports, over the past six years, India’s savings rate has been considerably declining. In 2012, the overall saving rate in India was around 36 per cent but it is now down to 30 per cent.
-The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey had earlier said.
6-7% LIC stake dilution enough to mop up ₹90,000 crore: CEA KV Subramanian
“There are legislative amendments required here in LIC. But I think this (LIC listing) is doable. LIC is a just a case of listing. I would think that about 6-7 per cent would be enough to get the entire ₹90,000 crore. I have done some back of the envelope calculations based on that… can say that just selling 6-7 per cent will be enough to mop up ₹90,000 crore,’
Debasish Panda appointed financial services secretary
The Appointments Committee of the Cabinet (ACC) has approved his appointment as secretary, department of financial services, in place of Rajiv Kumar, who superannuates this month-end, a personnel ministry order said.
Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special secretary, department of financial services.
Bill Coen appointed chair of the IFRS Advisory Council
The new Advisory Council Chair will have three priorities. First, to provide leadership and set the agenda for the 2020 meetings; second, to assess for the Trustees of the Foundation any relevant changes that may be warranted in the role and composition of the Advisory Council; and third, to position the Council through any transition.
Govt to pare time taken for starting biz; new e-form to offer 10 services
Registration for EPFO (Employees’ Provident Fund Organisation) and ESIC (Employees’ State Insurance Corporation) would be mandatory for all new companies incorporated from February 15.
Sitharaman favours once a year changes in GST rates
“I think we have laid the foundation for increasing consumption, ensuring that capex (capital expenditure) and government’s investments will go towards spending on building of assets in infrastructure which should have cascading effects both in the short term and in the long term,” Sitharaman told reporters.
LIC listing could come in second half of FY21, says Finance Secretary
“We will follow the extant procedure for listing and for other things including the legislative changes it requires in consultation with the Ministry of Law and that process we already started … listing in the second half of FY21 seems logical,” he said.
Budget-2020:FM unveils disinvestment plans for LIC
On the the IPO size and timeline for the LIC disinvestment plans, Rajeev kumar, finance secretary cum secretary department of financial services(DFS) said the detaisl are being worked out.
“It will be finalised in the next fiscal.The required measures and the processes,including the consultations with the Law ministry,for the disinvestment of LIC, have already been initiated” said Kumar.