India’s proposed company law overhaul aims to tighten eligibility, disclosure, and independence standards for directors, amid ongoing scrutiny of corporate oversight after major scandals. India’s proposed company law overhaul could reshape the role of independent directors at a time when…
The Reserve Bank of India has unveiled draft amendments enabling banks to impose temporary debit holds on accounts suspected of being used for illicit funds, aiming to strengthen cybersecurity and fraud prevention measures. The Reserve Bank of India has proposed…
Parents in India need to carefully understand the rules governing tax clubbing of minor children’s income, as recent guidelines highlight exemptions and pitfalls that can impact their tax liabilities. Parents in India who file income tax returns often overlook a…
The Gujarat Authority for Advance Ruling has mandated Airbus to register for goods and services tax in Gujarat for the supply of 40 aircraft, highlighting the state’s tax jurisdiction over the manufacturing process in India and potential implications for similar…
India’s varied gold investment options are subject to complex tax rules that depend heavily on the product type and holding period, prompting investors to navigate a shifting landscape for optimal returns. Gold remains one of India’s most familiar stores of…
The Delhi High Court has reaffirmed that reassessment cannot be justified on a change of opinion by a successor officer where the original assessment was based on satisfactory responses, reinforcing limits on reassessment powers. The Delhi High Court has reinforced…
The government’s pension scheme for low-income workers enforces stricter rules on premature withdrawal to promote commitment to retirement planning, with limited exceptions and penalties for missed payments. India’s Atal Pension Yojana is designed to provide a fixed monthly pension in…
Tamil Nadu has mandated its state government employees to file detailed online disclosures of assets and liabilities by October 31, marking a significant step towards enhanced transparency in public administration. Tamil Nadu has ordered state government employees to file detailed…
The Reserve Bank of India has rejected Tata Sons’ request to exit its core investment company status, prolonging regulatory scrutiny and maintaining pressure for a potential stock market listing amidst leadership and ownership uncertainties. The Reserve Bank of India has…
The Pradhan Mantri Shram Yogi Maandhan scheme aims to provide a basic pension to India’s informal sector workers, but faces challenges in enrolment and funding pressures as it strives to secure support from the country’s lowest-paid workers. The Pradhan Mantri…
India’s insurance regulator has imposed a ₹1 crore penalty on Canara HSBC Life Insurance after findings of regulatory breaches in the sale of an annuity policy to an 88-year-old customer, raising concerns over oversight of bancassurance practices for senior clients.…
A consumer commission in Kalaburagi has ordered Niva Bupa to pay ₹2,39,574 after reversing a cashless claim at discharge, highlighting issues with waiting periods and insurer conduct amid growing claim disputes across India. A district consumer commission in Kalaburagi has…
