GST reforms (representative image) NEW DELHI: Tax experts see the proposed changes to the GST regime – that will now be discussed on Thursday — as positive for businesses, helping reduce the working capital requirement and eventually benefit buyers.“It is expected that businesses may be entitled for refund of accumulated GST on input services and…
MUMBAI: Private banks’ Q2 FY27 credit and deposit growth got a significant lift from RBI’s concessional dollar-rupee swap facility for FCNR(B) deposits. Banks mobilised billions of dollars and deployed part of the funds through overseas branches, boosting headline balance-sheet growth.The gap between headline and underlying growth was significant. Axis Bank’s advances grew 22.7%, but 18.8%…
IndiGo hikes fuel charges from October 6 amid rising ATF prices NEW DELHI: Flying this festive season will get more expensive as aviation turbine fuel (ATF) prices now reach the highest level in the last decade amid the continuing US-Iran war and a weakening rupee. IndiGo will hike fuel surcharge due to mounting operating expenses…
NEW DELHI: Government is likely to sign a bilateral investment treaty (BIT) with Saudi Arabia, allowing companies from the Gulf state to initiate international arbitration two years after they exhaust legal remedies in India. This is a concession from the current five-year clause in the model BIT finalised by govt a year ago.The Union cabinet…
MUMBAI: Maharashtra Charity Commissioner has asked the Sir Dorabji Tata Trust (SDTT) to respond by Oct 12 to complaints from its vice-chairmen, Venu Srinivasan and Vijay Singh, escalating an internal governance battle that could change how Tata Sons is controlled.In separate complaints filed on Sept 25, Srinivasan and Singh alleged that SDTT had exceeded its…
MUMBAI: Four trustees of Sir Dorabji Tata Trust (SDTT) on Monday hit back at vice-chairmen Venu Srinivasan and Vijay Singh, accusing them of breaching their fiduciary duties and undermining Trusts’ position against listing Tata Sons. Noel Tata, Darius Khambata, Bhaskar Bhat and Neville Tata made the charge in reply to a Sept 30 letter from…
Sebi chairman Tuhin Kanta Pandey CHANDIGARH: To protect investors from finfluencers operating outside of Sebi regulations, offering stock tips and at times even operating in cahoots with unscrupulous promoters for ‘pump & dump’ schemes, the markets regulator is removing 6,000-7,000 such social media posts each month.Sebi is also working to educate people-investors and would-be investors-so…
On the jewellery issue, the ITAT found that the department’s reasoning involved too many assumptions. (Image for representative purpose only) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has given partial relief to a Mumbai taxpayer who was asked to explain jewellery worth Rs 67.39 lakh disclosed in her income tax return. The tribunal deleted…
Two-wheelers are the most common primary mode of transport for workers, accounting for 37.1 per cent of rural commutes and 52.3 per cent of urban commutes. I capture a diverse group of commuters walking briskly on a city sidewalk during the morning commute, with a blurred cityscape in the background. Two-wheelers are the most common…
The meeting has been rescheduled for a 2nd time The 57th meeting of the GST Council has been rescheduled for October 8, a day after its previously scheduled date, with the Secretariat citing “unavoidable circumstances”.According to an office memorandum issued by the GST Council Secretariat on October 5, the meeting will now be held from…
