There is disagreement amongst the government bigwigs over-tightening the noose around e-commerce rules for companies operating in the country. According to the finance ministry, some of the rules are ‘excessive,’ and seemingly unnecessary. The new rules will impact the business of companies like Flipkart, Walmart, Reliance Industries, and Tata Group. As buying sensibilities of the ...

The Comptroller and Auditor General (CAG) of India has found that the Central government in the first two years of the GST (Goods and Services Tax) implementation 2017-19 wrongly retained Rs 47,272 crore of the GST compensation cess that was meant to be used explicitly to compensate state governments for loss of revenue. The CAG ...

Citizens who are facing a shortage of funds due to job loss or pay cuts due to the ramifications of the nationwide lockdown can breathe a sigh of relief. As the country battles Coronavirus, the government has decided to provide a major relief for business entities and individuals. The Centre on April 8 announced that ...

Indian government, which earlier this week announced a 21 day lockdown, is contemplating over resolving issues pertaining to the country’s dwindling economic health and other challenges which emerged amid the shutdown. The finance ministry has urged Reserve Bank of India to aid people with certain relief measure stuck in their homes due to outbreak of ...