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TREND | 29 Mar 2025

Pranab Mukherjee And The Vodafone Retrospective Tax Controversy | Book Excerpt: India's Finance Ministers

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The third volume of AK Bhattacharya's series delves deep into relationships between former prime ministers and their finance ministers across political regimes.

India Policy and Reforms

TREND | 28 Mar 2025

Front running case: Sebi bans 5 from mkts for 1 year, impounds Rs 1.53 cr

Business Standard

Capital markets regulator Sebi on Friday barred five individuals from the securities markets for one year and directed them to impound illegal gains of nearly Rs 1.53 crore made from their front-running activities. The regulator also imposed a penalty of Rs 10 lakh on Nikhil Khaitan, and Rs 5 lakh on Om Prakash Khaitan, Manju Khaitan, Neha Khaitan, and Nidhi Tibrewal. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made public. "... noticee No 1 (Nikhil Khaitan), while being dealer of the Big Clients and having knowledge of... impending orders, front ran the trades of big clients by using trading account of the FRs (Noticee No. 2, 3, 4 and 5) during the IP (investigation period) and gained benefit from non-public information," Sebi said in a 49-page final order. Sebi also stated that the noticees in the process of front running trades of the big client have

Front running: Sebi bans five individuals from markets for 1 year, impounds 1.53 cr

livemint | 28 Mar 2025 9 more

India Policy and Reforms

TREND | 28 Mar 2025

PAC flags ITC discrepancies amounting to Rs 16,622 crore in FY21

Business Standard

The PAC said the inconsistencies highlight serious inefficiencies in the GST system's data validation and reconciliation processes, as GSTR-9 is auto-populated from GSTR-3B

India Policy and Reforms

TREND | 28 Mar 2025

Fiscal Deficit, SEBI's Key Reforms, Trump's Auto Tariff The Week That Was

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Here are the key developments from this week.

India Policy and Reforms

TREND | 28 Mar 2025

BSE Stock Jumps 10% After SEBI Proposes Limiting Derivatives Expiry Days

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SEBI proposed standardising expiry days for equity derivatives across exchanges, limiting them to either Tuesday or Thursday.

NSE defers switching to Monday expiry after Sebi's consultation paper

Business Standard | 28 Mar 2025 9 more

India Policy and Reforms

TREND | 27 Mar 2025

Hotel restaurants charge 18% GST if room rent exceeds Rs 7.5K per day: CBIC

Business Standard

Hotels charging a room rent above Rs 7,500 a day at any time in any financial year will be considered 'specified premises' for the next fiscal and restaurant services provided inside such premises will attract 18 per cent GST with input tax credit, the CBIC said on Thursday. From April 1, 2025, the taxability of such restaurants which operate inside hotels will be on the basis of value of supply (transactional value). This would replace the concept of 'declared tariff' which included charges for all amenities provided in the unit of accommodation (given on rent for stay) like furniture, air conditioner, refrigerators or any other amenities, but without excluding any discount offered on the published charges for such unit. "For the period starting from 01.04.2025, the value of supply of hotel accommodation in the previous FY, i.e., the transaction value charged for the said supply, would be the basis for determining whether the premises providing hotel accommodation service mandatoril

5% GST for restaurants with non-specified premises: Finance Ministry

Business Standard | 27 Mar 2025

India Policy and Reforms

TREND | 27 Mar 2025

IIBX gold trading crosses 100 tonnes milestone at GIFT IFSC

Business Line

The exchange operates with efficient settlement mechanisms, including 30-minute Bullion Depository Receipts (BDR) settlements and thrice-daily fund settlements.

India Policy and Reforms

TREND | 26 Mar 2025

SEBI Considers One Event, One Penalty' Rule For Brokers, Sources Say

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SEBI is in discussions with stock exchanges to implement a uniform penalty system that would prevent brokerage firms from being fined multiple times for a single violation, sources say.

India Policy and Reforms

TREND | 26 Mar 2025

Finance Ministry Urges Private Sector to Boost Investment, Cites Growth Potential

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Domestic private capital formation, driven by India's solid fundamentals, will be a key growth driver in fiscal year 2026, the Department of Economic Affairs said.

India's growth momentum holds firm despite global challenges: Finance Ministry

Business Today | 26 Mar 2025

India Policy and Reforms

TREND | 26 Mar 2025

Sebi lifts trading suspension on Bharat Global Developers, demands financial disclosure

livemint

The market regulator had suspended trading in Bharat Global's shares until further notice over allegations of fraudulent activities and false disclosures.

Sebi allows trading in Bharat Global Developers shares with conditions

Business Standard | 26 Mar 2025