23 Apr, 2025
Job Work under GST: Why Incomplete Challans Can Be Costly Under GST, sending goods for job work requires strict adherence to documentation norms. Recently, the Allahabad High Court upheld a penalty where the challan lacked details mandated by Rule 45, read with Rule 55 of CGST Rules, citing a valid cause for detention under Section […]
Read More23 Apr, 2025
IntroductionCritical IoT services such as autonomous vehicles, smart grids, and emergency response systems need ultra-reliable, low-latency connectivity. Recognising this, TRAI has urged the government to formally classify these machine-to-machine (M2M) applications as critical infrastructure to ensure regulatory support and priority spectrum access. Why TRAI’s Classification Matters TRAI’s move is not just regulatory. It’s strategic. Here’s […]
Read More23 Apr, 2025
If you’re buying luxury items like designer watches or home theatres worth over ₹10 lakh, you’re now liable to pay 1% Tax Collected at Source (TCS) under Section 206C(1F). This move, introduced via Budget 2024, aims to track high-value spending and expand the tax net. Let’s decode what this means for taxpayers and sellers alike. […]
Read More23 Apr, 2025
India’s Purchase of F-35 Jets: What Are the Tax Implications? India’s growing strategic alignment with the US, highlighted by the proposed purchase of F-35 fighter jets, opens a parallel discussion — not just on defence, but also on taxation and compliance. Focus Keyphrase: Tax implications on defence imports This isn’t just geopolitics. These billion-dollar deals […]
Read More23 Apr, 2025
The Madras High Court on April 23, 2025, upheld the Enforcement Directorate’s (ED) search operations at TASMAC’s headquarters, ruling that procedural inconvenience cannot override the mandate of economic justice. The court dismissed pleas filed by the Tamil Nadu government and TASMAC challenging the legality of ED’s search under the Prevention of Money Laundering Act (PMLA), […]
Read More23 Apr, 2025
India GDP Forecast Revised: Here’s Why It Matters to You The India GDP forecast for FY2025–26 has been lowered to 6.2% by the International Monetary Fund (IMF), a 30 basis point drop from its January projection. This update, cited in IMF’s April 2025 report, reflects global trade tensions and tariff uncertainties, especially stemming from the […]
Read More23 Apr, 2025
IntroductionIITs and Indian startups are at the heart of India’s innovation engine. From unicorn founders to deep-tech breakthroughs, these institutions are not just creating engineers—they’re powering entire ecosystems. This blog breaks down how IITs influence India’s startup surge, backed by facts, expert takes, and policy relevance. Why IITs Are Dominating Startup Circles Government Support for […]
Read More23 Apr, 2025
Intro Paragraph:The Reserve Bank of India’s revised liquidity coverage ratio (LCR) norms are set to unlock ₹2.7–3 lakh crore in bank funds. This move could boost credit availability and support India’s ongoing economic momentum, especially for MSMEs and retail borrowers. What is Liquidity Coverage Ratio (LCR)? The LCR is a global banking standard set under […]
Read More23 Apr, 2025
ICICI Bank Profit Jumps 18% in Q4 FY25ICICI Bank profit jumps – that’s the headline grabbing attention across India’s financial circles this quarter. The private sector lender reported a net profit of ₹11,627 crore in Q4 FY25, an 18% YoY rise, reflecting strong credit growth and cost discipline. But while the profit growth looks impressive, […]
Read More22 Apr, 2025
RBI expands NBFC audit rules to service providers: What it means for you The Reserve Bank of India (RBI) has widened the scope of audits for Non-Banking Financial Companies (NBFCs). The new rules mandate that NBFCs must now include their outsourced service providers—such as IT vendors, loan recovery agents, and cloud providers—within the ambit of […]
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