The Reserve Bank of India has issued a warning to non-bank finance companies, advising them against over-reliance on algorithm-based credit models. The regulator has emphasized the importance of maintaining balanced risk management practices and not depending much on automated systems for credit decisions, thereby ensuring financial stability and protecting against potential systemic risks associated with …
From Black Monday to Silver Lining: Indian Market Resilience In what seemed like a harrowing start to the week for Indian markets, Monday loomed ominously with the specter of a “Black Monday” scenario. The NSE Nifty 50 index opened at a disconcerting 22,207.95, only to nosedive to a bleak low of 21,821.05 – a nadir …
Foreign Portfolio Investors (FPIs) have been actively selling Indian equities in May, with over Rs.17,000 crore worth of shares offloaded. Substantial selling by FPIs has also played a role in the decline of the benchmark stock market indices, Sensex and the Nifty 50, both of which dropped by 2.6% each this month. Election Uncertainty’s Influence …
One of the many benefits of GST is that it is aligned to benefit small and medium sized businesses. Normally, tax proposals at a macro level tend to benefit existing and matured businesses compared to start-up businesses. But GST, in that sense, is a lot more democratic. It not only offers special privileges for small …
The 52nd GST Council meeting recently took place in New Delhi, chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman. This meeting involved key figures like Union Minister of State for Finance Shri Pankaj Chaudhary, Chief Ministers of Goa and Meghalaya who manage finance, various Finance Ministers from states and union territories, …
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 …
