On July 01st 2018 the Goods and Services Tax (GST) completed 1 full year of implementation. A total of 28 meetings of the GST Council meetings were held till date and a plethora of changes have been made to the GST Act. There are modifications with respect to rates (in fact a little too often), …
One of the big arguments against GST is that it tends to be inflationary by pushing up the prices of goods and services. At least, that is what the experience in countries like Australia and Malaysia was when they first implemented GST. But why exactly does that happen? One of the main reasons is that …
In a significant step to enhance the ease of doing business, SEBI is planning to introduce measures to simplify disclosure requirements for Non-Convertible Securities(NCS) issuance. These measures, announced yesterday, will eliminate the need to disclose the PAN and personal addresses of issuers’ promoters in the offer document. This initiative is part of SEBI’s broader effort …
Most discussions on GST in the last few months have focused overly on the aspect of GST rates. However, what is less discussed and perhaps equally important, is the aspect of input tax credit (ITC). To understand the concept of ITC, you need to be first clear about the fact that the GST is a …
The Reserve Bank of India has mandated Non-Bank Finance Companies (NBFCs) to strictly adhere to a Rs. 20,000 limit in cash loans. This directive aims to deter cash transactions, supporting the rise of the digital economy and mitigating the spread of black money within the financial system. Regulatory Action Against IIFL Finance The instructions from …
In a significant development, the central government is examining RBI’s proposed regulations, aimed at strengthening financial reserves for infrastructure projects. The potential implementation of these rules could have far-reaching consequences across the financial landscape, prompting lenders to contest them on multiple fronts. Apprehensions and Market Impact According to reports, the draft regulations are currently under …
India VIX is a volatility index, It is the expected annual volatility in the market over the next 30 days, The India VIX was introduced in 2008, It is an index which represents the expected annual volatility for the benchmark indexes, NIFTY 50 over the next 30 days, It is based on the NIFTY 50 …
Overview of the ISO Settlement Scheme 2024 In March, the financial regulator introduced the ISO Settlement Scheme 2024, designed for entities involved in trade reversals in the stock options segment on the Bombay Stock Exchange (BSE) between April 1, 2014, and September 30, 2015. This scheme provides these entities with an opportunity to settle ongoing …
An Overview of June’s Performance According to SEBI data, the gross acquisition of equities by domestic fund managers in the secondary market was Rs. 83,006 crores in June, compared to a five-year average of Rs. 58,187 crores. After Rs 1.2 lakh crore in March 2020, the gross acquisition in a single month in June was …
The much-anticipated GDP growth numbers for the first quarter of fiscal 2022 released on August 31 shows that India’s growth has risen to 20.1 per cent for the quarter on a low base of last year. This is reportedly India’s best GDP growth on a quarterly basis. In the same quarter of the earlier financial …
