Insolvency & Bankruptcy Code Context: Supreme Court judge Justice Sanjay Kishan Kaul credited India’s rise in the ‘Ease of Doing Business’ index to the introduction of the Insolvency and Bankruptcy Code (IBC), calling it a dynamic law that adapts to the “realities of the Indian […]
T+1 Settlement Cycle Context: After China, India will become the second country in the world to start the ‘trade-plus-one’ (T+1) settlement cycle in top listed securities today (January 27), bringing operational efficiency, faster fund remittances, share delivery, and ease for stock market participants. About: Due […]
Supreme Court’s Ruling on Demonetisation Context: A majority of four judges on a Constitution Bench of the Supreme Court recently found no flaw in the Union government’s process to demonetise ₹500 and ₹1,000 banknotes through a Gazette notification issued on November 8, 2016. What is […]
Decriminalisation of offences under GST Context: Recently, the48th GST Council meeting was held which recommended decriminalising certain offences under Section 132 of the Central Goods and Services Tax (CGST) Act Background: Tax evasion has significantly increased since the introduction of the GST, with many instances of […]
GST Council Context: The Goods and Services Tax (GST) Council on Saturday clarified tax provisions on items ranging from fryums to sport utility vehicles (SUVs) to reduce disputes. It also approved decriminalisation of some offences but could not find the time to discuss half its […]
Investments to Manufacturing Sector Context: Recently, the finance minister Nirmala Sitharaman asked captains of industry what was holding them back from investing in manufacturing. She likened industry to Lord Hanuman from the Ramayana by stating that industry did not realise its own strength and that […]
India’s Trade Equation with China Context: India’s trade equation with China has been improving in recent years with outbound shipments rising faster than imports. What is the reason? This growth in this short period of time is driven by import of some of the key […]
Competition Commission of India Context: The Competition Commission of India has stated that Google’s various agreements with manufacturers, one of its major revenue-earning apps, Youtube, gained a significant edge over competitors in the online video hosting platforms market. The Competition Commission of India (CCI) has imposed […]
Economic Crisis in UK Context: The U.K. economy has veered dangerously toward free fall in recent weeks as Ms. Truss and Mr. Kwarteng fumbled their way through defining a clear economic strategy, while persisting with their stated goal of spurring economic growth in the post-Brexit […]
Private Investment in Indian Economy Context: In a recent meeting with India’s corporate leaders the finance minister raised concerns about sluggish corporate investment, despite the government’s business-friendly stance, including a reduction in the corporate tax. About: The Government of India in the year 2019 had taken […]