RUCHIKA CHITRAVANSHI

All stories by RUCHIKA CHITRAVANSHI

New competition law likely to open up settlement route for cartels

New competition law likely to open up settlement route for cartels

Rediff.com4 days ago

In a relief to industry, the government has accepted a parliamentary panel's recommendation on allowing cartels to opt for the settlement scheme under the Competition Amendment Bill, according to official sources. The proposed Bill seeks to introduce a clause for settlement and commitment that offers any enterprise against which an inquiry has been initiated to file an application for settlement. The Parliamentary Committee on Finance had suggested including cartels in the scope for settlement "as a pragmatic recourse to the whole process".

Are Wealthy Indians Paying Less Tax?

Are Wealthy Indians Paying Less Tax?

Rediff.com25 Jan 2023

While movie stars like Akshay Kumar, Amitabh Bachchan and Salman Khan are among the top I-T payers, very few of the wealthiest Indians figure on the list.

Guidelines to improve quality control at audit firms in place

Guidelines to improve quality control at audit firms in place

Rediff.com21 Nov 2022

The National Financial Reporting Authority (NFRA) has issued guidelines to inspect select audit firms to identify areas and opportunities for improvement in the audit firm's system of quality control, a statement said. "Inspections will consist firm-wide review of audit quality and individual file reviews on test-check basis to evaluate the level of compliance with applicable auditing standards and quality control policy and processes," NFRA said. The selection of the audit firm or the auditor for such inspection by NFRA would be based on assessment of risks in the audit environment.

Why India Inc is moving to Dubai in droves

Why India Inc is moving to Dubai in droves

Rediff.com7 Nov 2022

Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.

Glitches in MCA portal: CAs, CS seek extension in annual filing deadline

Glitches in MCA portal: CAs, CS seek extension in annual filing deadline

Rediff.com1 Nov 2022

In a multi-city protest on Monday, a large number of company secretaries (CS) and chartered accountants (CAs) came together to seek extension of the deadline for annual filing due to glitches in the ministry of corporate affairs (MCA) portal. According to the Companies Act, firms are supposed to submit Form AOC 4 for filing of the balance sheet within 30 days of holding the annual general meeting (AGM). This deadline was over on October 29.

'We have to do everything to avoid a super spreader event'

'We have to do everything to avoid a super spreader event'

Rediff.com1 Jan 2022

'Health will continue to be at the centre of the government's attention as it underpins economic recovery and our collective well being.'

Omicron in India: 'Surge likely in January'

Omicron in India: 'Surge likely in January'

Rediff.com30 Dec 2021

'Whether the substantial hybrid immunity present in India can protect against severe consequences of the disease remains to be seen.'

How govt plans to plug gaps in the bankruptcy code

How govt plans to plug gaps in the bankruptcy code

Rediff.com25 Dec 2021

In a move to plug gaps in the Insolvency and Bankruptcy Code (IBC), the ministry of corporate affairs (MCA) has proposed robust norms against avoidance transactions, wrongful trading, and inordinate delays via changes to look-back period and fixed timelines for the tribunals to reject or approve plans, among other measures. The MCA has proposed that the IBC should provide the adjudicating authority with 30 days for approving or rejecting a resolution plan under Section 31. If a decision is not made on the resolution plan within that period, the adjudicating authority will record reasons in writing for the same, the ministry has proposed.

Is A Vaccine Booster Needed?

Is A Vaccine Booster Needed?

Rediff.com20 Dec 2021

'There is no emergency of a third wave that we are rushing for booster doses.'

Omicron: Europe-like surge may mean 1.4 mn cases a day

Omicron: Europe-like surge may mean 1.4 mn cases a day

Rediff.com18 Dec 2021

'We have to ensure the European situation does not occur in India and we don't see a spread like theirs.'

Govt targets 'left-out' people in fresh Covid-19 vaccination push

Govt targets 'left-out' people in fresh Covid-19 vaccination push

Rediff.com24 Nov 2021

The Union health ministry has directed states to identify all left-out people and ensure everyone gets their Covid jab through initiatives such as workplace vaccination, as part of the government's "Har Ghar Dastak" campaign. Health Minister Mansukh Mandaviya held a review meeting on vaccination progress with Manipur, Meghalaya, Nagaland and Puducherry on Monday. In a tweet, the minister said, "Spoke about augmenting Govt's #HarGharDastak vaccine campaign. Requested help from religious leaders, NGOs & political groups to speed-up vaccination coverage." Health secretary Rajesh Bhushan has asked state officials that workplace vaccination should be organised for targeting people due for their doses.

Companies get 2-month extension to hold AGMs

Companies get 2-month extension to hold AGMs

Rediff.com24 Sep 2021

The government said it had received many representations seeking extension of time citing many difficulties due to the second wave of Covid-19 and the subsequent lockdowns. MCA has asked the registrar of companies to approve the extension of the time limit to hold the AGM.

India's high antibody count could mean less severe Covid 3rd wave

India's high antibody count could mean less severe Covid 3rd wave

Rediff.com16 Aug 2021

While some experts believe that a large part of India is still vulnerable to the virus that could trigger a third wave, others feel the country is not likely to be engulfed by another deadly wave unless a new variant emerges.

Centre recommends 3-pronged strategy for states to unlock

Centre recommends 3-pronged strategy for states to unlock

Rediff.com2 Jun 2021

States should ensure a weekly positivity rate of less than 5 per cent, vaccination coverage of at least 70 per cent among the vulnerable section, and community ownership of Covid-appropriate behaviour, reports Ruchika Chitravanshi.

Despite multiple Covid deaths, UP villages in denial

Despite multiple Covid deaths, UP villages in denial

Rediff.com1 Jun 2021

Hardly anyone wears a mask and most brush off concerns over a pandemic. It is not just scepticism over the existence of the pandemic. A common refrain across villages is the fear of vaccines, reports Ruchika Chitravanshi.

'India must do 7 million vaccinations a day'

'India must do 7 million vaccinations a day'

Rediff.com22 May 2021

'If you approached it with that level of aggression in 100 days, you would have vaccinated more than half of your country.' 'On a mass scale you will be able to eliminate that wave.'

Sputnik V vaccine to be available in India from next week: Govt

Sputnik V vaccine to be available in India from next week: Govt

Rediff.com14 May 2021

India is expecting 156 million doses of the vaccine from August to September, reports Ruchika Chitravanshi.

Covid deaths could touch 1 million by August: Lancet

Covid deaths could touch 1 million by August: Lancet

Rediff.com8 May 2021

If that outcome were to happen, the Modi government would be responsible for presiding over a self-inflicted national catastrophe.

Early signs of COVID-19 surge cooling in 13 states and Union Territories

Early signs of COVID-19 surge cooling in 13 states and Union Territories

Rediff.com4 May 2021

But the numbers have continued to rise in 23 states including Bihar, Goa, Andhra Pradesh, Tamil Nadu and Kerala.

IBC: 'Defaulters' paradise is lost'

IBC: 'Defaulters' paradise is lost'

Rediff.com30 Mar 2021

'The Insolvency and Bankruptcy Code cleans up non-performing assets and puts companies in capable and credible hands.'

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