Pakistan Telecom operators on Saturday blocked mobile phone SIMs of over 3,500 non-filers of the 5000 cards they had promised to the Federal Board of Revenue (FBR) they would in line with its Income Tax General Order (ITGO) — a move aimed at compelling 506,671 individuals to place on record their returns for 2023, The … Read more
New Delhi: The government is considering various strategies to ensure a nationwide rollout of the four labour codes even though some states and Union territories are yet to come out with draft rules under one or more of these codes.The ministry of labour and employment is considering several options including a gradual repeal of the … Read more
Mumbai: The decision by India’s capital markets watchdog to exempt foreign portfolio investors (FPI) from additional disclosure requirements will ease their compliance burden where majority assets held by them are based in the country. The Securities and Exchange Board of India (Sebi) has exempted overseas funds, having more than 50% of their India equity assets … Read more
Stock exchanges have slapped fines on state-owned oil and gas firms including IOC, ONGC and GAIL for their failure to meet listing requirements of having a requisite number of independent directors and women directors. In separate filings, the companies detailed the fines imposed by the BSE and NSE but were quick to point out that … Read more
Mumbai: Recent changes introduced by the Securities and Exchange Board of India (Sebi), aimed at improving corporate governance and investor protection have led to an increased compliance burden and associated costs for listed companies, according to India Inc. Companies are struggling to prepare themselves for the new regulations, some of which are in place while … Read more
New Delhi: Practo‘s Ray a practice management software, is now compliant with the Ayushman Bharat Digital Mission (ABDM). Through this, all doctors and healthcare professionals who are currently using Ray will be able to join the ABDM ecosystem and can avail of all the benefits provided by the government including the Digital Health Incentive Scheme … Read more
The National Commission for Scheduled Tribes (NCST) has now flagged alleged discrepancies with respect to the forest clearance granted for the ₹72,000-crore Great Nicobar Island (GNI) Project. Citing alleged violations under the Forest Rights Act (FRA), 2006, it has issued a notice to district authorities in Andaman and Nicobar islands on grounds that the project … Read more
Commerce and industry minister Piyush Goyal on Thursday said that the government is trying to reduce the compliance and regulatory burden so that it becomes easier to operate, grow and exit, from businesses amid green shoots of investment coming back to India. “There’s been huge growth in manufacturing investment of late. I can see the … Read more
There is a huge corpus of work emphasizing the importance of formalization and the persistence of informality in the economy. Representing a major feature of labour markets worldwide, the informal sector consists of activities operating outside the regulatory framework that would potentially add value to tax revenue and the GDP but go unaccounted. A recent … Read more
Feb. 2, 2022 The U.S. Army announced Wednesday that it has started discharging soldiers who don’t comply with its COVID-19 vaccination policy. “Army readiness depends on soldiers who are prepared to train, deploy, fight and win our nation’s wars,” Secretary of the Army Christine Wormuth said in a news release. “Unvaccinated Soldiers present risk to … Read more