GST revenues: Growing uncertainty

GST revenues: Growing uncertainty Sluggish GST revenues would mean higher government borrowing and consequently a worsening fiscal deficit position A delayed implementation of the e-way bill will allow more preparation time to businesses already fed up with the government’s ad hoc decisions on the subject. On the other hand, it leaves one wondering how long […]

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Govt to ease FPI rules in bid to attract foreign investment

Govt to ease FPI rules in bid to attract foreign investment The government will reduce time required for FPIs to register in India, introduce a single-window clearance for them and allow foreign banks to trade on behalf of their clients without registeringThe government plans to cut red tape and ease rules for foreign portfolio investors […]

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UPI-based system mulled for retail investors in IPOs

UPI-based system mulled for retail investors in IPOs The securities and Exchange Board of India (Sebi) is considering introducing a UPI-based payment system for retail investors in initial public offerings (IPOs), a move that will help do away with cheque payments and reduce the time taken between the closing of an IPO and listing of […]

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Individual angels may get tax relief too

Individual angels may get tax relief too The government is considering exempting investments made by individuals in certain startups from the so-called angel tax to provide a level playing field with other angel investors and to nudge high net worth individuals to back innovation.The Department of Industrial Policy & Promotion is working with the finance […]

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