The International Monetary Fund, in its report on the Indian economy, said the Insolvency and Bankruptcy Code (IBC) Amendment Bill addresses many deficiencies but it has not provided for the participation of operational creditors or rules for executory contracts. The IMF staff report said that the business dynamism in India remains relatively low, marked by low rates of entry and exit, and a high share of inactive or inefficient firms reflecting structural rigidities and high compliance levels.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the "backbone is stable". Inaugurating the new SAT premises here, CJI Chandrachud pitched for authorities to consider opening up new benches of the SAT given the higher workloads because of higher quantum of transactions and newer regulations.
As spending on infrastructure has three times the desired impact, the government's Rs 111 trillion National Infrastructure Pipeline should be accelerated: Assocham president, Vineet Aggarwal
Under the Income Tax Act (I-T Act), the income of a minor child is clubbed with that of one of his/her parent, whoever earns more.
Telecom tribunal TDSAT on Friday directed Uninor to pay 60 per cent of the penalty, demanded by the Department of Telecom (DoT), for failing to roll-out services within the stipulated period.
Nisha Bhatia, a dismissed female Research & Analysis Wing officer who was in the news after she tried to commit suicide at the Prime Minister's Office, was re-instated on Tuesday by a Central Administrative Tribunal Bench.
The Tribunal passed the order on a petition of an Assistant (posted in CISF HQ) Surender Pal Singh, challenging the order of the ministry of home affairs retiring him from the service compulsorily in the wake of report of the Internal Review Committee of the Central Industrial Security Force.
The SC on Monday deferred by two weeks the hearing on state-run BSNL's appeal against the order of a tribunal bench that asked it to pay interest to BPL Mobile Cellular for delaying payments toward calls made to the private company's network.
Virtually indicting former Army chief and Union Minister Gen V K Singh, the Armed Forces Tribunal on Friday quashed the court martial of Lt Gen P K Rath who was punished for his alleged role in a land dealing in West Bengal.
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