Trend India Policy and Reforms - Latest news, views and updates

TREND | 17 Mar 2025

Towards greener GST: Rationalisation must align with jobs, sustainability

Business Standard

GST rate rationalisation and expansion must be done not only to achieve simplification but also to subserve large-scale employment and environmental policy goals

India Policy and Reforms

TREND | 17 Mar 2025

Daily wage worker gets Rs 22.86 lakh GST notice in identity theft case

Business Standard

When Janapati Venkateswarlu visited a Mee-Seva center to apply for a PAN card, the operator informed him that a PAN had already been issued in his name

How ICEGATE is making the functioning of EOUs and SEZs difficult

Business Standard | 16 Mar 2025 1 more

India Policy and Reforms

TREND | 17 Mar 2025

Delhi govt's revenue below projections, except for GST, say officials

Business Standard

The revenue collections of the Delhi government, except for GST and VAT, are likely to remain below the budget projections, officials said on Sunday. According to official data, the Goods and Services Tax (GST) and Value Added Tax (VAT) collections were Rs 40,009 crore (tentative) as of February 2025. The collections from motor vehicle taxes and excise revenue were Rs 2,810 crore and Rs 5,516 crore, respectively, close to the end of the current fiscal, they said. In its budget for 2024-25, the Delhi government estimated total tax revenue of Rs 58,750 crore. This included Rs 41,000 crore from GST and VAT, Rs 3,600 crore from taxes on motor vehicles, Rs 7,750 crore from stamps and registration fees, and Rs 6,400 crore from excise. The officials said that, except for GST and VAT, revenue collections from motor vehicle taxes and charges, and excise taxes were sluggish. The collections from motor vehicle taxes were 22 per cent below the budget estimate, and excise revenue was 14 per cen

Ram Temple Trust pays Rs 400 crore in taxes over years amid tourism boom

Business Standard | 16 Mar 2025

India Policy and Reforms

TREND | 16 Mar 2025

SEBI finalising SoP for settlement cases to ensure uniformity and transparency, says whole-time member Varshney

Business Line

New framework to streamline settlements, minimise subjectivity, and enhance regulatory predictability

SEBI plans higher penalties for algo, high-frequency traders

Business Line | 16 Mar 2025

India Policy and Reforms

TREND | 16 Mar 2025

Uttarakhand Finance Minister Premchand Aggarwal resigns from Cabinet

Business Standard

Uttarakhand minister Premchand Aggarwal resigned from the Cabinet on Sunday, weeks after his remark in the assembly on people from the state's hill regions had sparked protests. Aggarwal, who held key portfolios, including finance and parliamentary affairs, submitted his resignation to Chief Minister Pushkar Singh Dhami at his official residence, according to an official statement. During the budget session in February, Aggarwal reacted angrily to a comment directed towards him by Congress MLA Madan Bisht and said he had not fought for Uttarakhand's statehood to see a day when a dichotomy would be made between 'pahadi' and 'desi'. Aggarwal had also uttered an objectionable word during his argument with the opposition MLAs. His remark sparked anger among the people, especially those from the state's hill areas. The minister had expressed regret over his remark and the BJP's state leadership also summoned and instructed him to exercise restraint.

India Policy and Reforms

TREND | 16 Mar 2025

Sebi to finalise SOP for settlement regulations amid rise in such cases

Business Standard

Markets watchdog Sebi is in discussions to finalise the standard operating procedure for applying settlement regulations for cases amid rising number of settlement matters. Besides, the Securities and Exchange Board of India (Sebi) is looking at having uniformity in applying the settlement formula for settling cases. Sebi Whole Time Member Kamlesh Chandra Varshney on Sunday said the regulator is working on the SOP for applying the settlement regulations. "It is work in progress... it is in final discussions," he told PTI. Under Sebi norms, subject to various conditions, a matter can be settled without admitting or denying the facts and conclusions of law. On the sidelines of a conference in the national capital, Varshney also said Sebi is looking at how to have consistency in applying the settlement formula. "Formula also has certain value to be given. Now different people should give same value for same situation in different cases... basically uniformity across cases... we will

India Policy and Reforms

TREND | 16 Mar 2025

How To Build Rs 1 Crore Corpus In Five Years? Here's Your Investment Roadmap

NDTV Profit

With the recent stock market turmoil, investors are exploring safe-haven instruments like Fixed Deposits, gold and debt instruments, among others.

India Policy and Reforms

TREND | 15 Mar 2025

GST-ITC fraud cases surged 41%, amount detected jumped 28% in Apr-Jan over full FY24

Business Line

Data sourced from GST Intelligence Wing for written response in the Lok Sabha showed that over 13000 ITC fraud cases cam into light during April-January period of current fiscal

India Policy and Reforms

TREND | 15 Mar 2025

'GSTitis' hits donuts: Jairam Ramesh slams GST amid misclassification row

Business Standard

Jairam Ramesh labels the ongoing GST issue as 'GSTitis,' as Mad Over Donuts faces a Rs 100 crore tax notice for wrongly classifying donuts under GST laws

India Policy and Reforms

TREND | 15 Mar 2025

Madhabi Puri Buch's Sebi tenure: A legacy of reform, controversy, and resistance

livemint

A bold regulator, a divided legacyhow Madhabi Puri Buch reshaped Sebi amid pushback and controversy.