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
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed … Read more
India has become one of the most attractive destinations in the world for foreign investment, but there is a need to level up those states in the country that have fallen behind, said Lord Gerry Grimstone, chairman, Gemcorp Capital Management. The former UK minister for investment said, addressing a session on ‘Unlocking Growth through Foreign … Read more
An expert committee formed by Sebi on Friday suggested to abolish the requirement of a mandatory security deposit with the exchanges before a public issue, a move that could make it easier for companies to access the primary market. Under the current rule, any company that is looking to launch a public or rights issue … Read more
In a move to reduce transaction costs and improve ease of doing business, the government on Monday automated the system of giving credibility to the Indian exporters in the international markets. Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade … Read more
India has proposed a global legal framework for ease of doing business at the G20 with emphasis on greater opening up of trade and investment to lift growth, people familiar with the development told ET. The first draft revised declaration, to be discussed by the G20 sherpas at their third meeting under the Indian presidency … Read more
The State government has, in the year that’s just drawing to a close, cleared investment proposals worth nearly ₹1,26,750 crore, a major chunk (₹81,000 crore) of which is accounted for by the green energy projects. They will be creating direct employment to 40,330 people over the next seven years. An official release said that Chief … Read more
The government is considering a change in the income tax provisions to allow any payment towards overseas dispute settlement as business expenditure. “A proposal in this regard is being examined,” said an official. Any payment made towards settlement of overseas disputes or to prevent litigation for offences that are not serious or criminal in nature … Read more
FE Conversations with Mukund Rajanon the ESG Imperative – The session with Krishna Prasad Chigurupati of Granules India At a time when many countries across the globe are coping with an unprecedented energy crunch triggered largely by the war in Ukraine, arguments in favour of a refreshed approach to using resources sparingly may seem more … Read more
The Insolvency and Bankruptcy Board of India (IBBI) has notified several changes to the voluntary liquidation regulations, reducing the timeframe for a corporate to exit the business to just 90 days if no claims are received from any creditor. This shall aid in further enhancing the freedom of exit for investors as part of the … Read more