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    More than 22000 compliances reduced in Government.
    Regulatory oversight needs to be regularly fine-tuned with changing times: CCI Chairperson
    NFRA issues Audit Quality Review (AQR) report of statutory audit of IL&FS Transportation Networks Limited (ITNL) for FY 2017-18
    H.E. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, United Arab Emirates, calls on Union Finance Minister Smt. Nirmala Sitharama...
    IEPFA and ICSI hold seminar on empowering investors to celebrate Azadi ka Amrit Mahotsav
    Finance Minister Smt. Nirmala Sitharaman says improvement in health infrastructure will lead to confidence in revival of economy
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September 28, 2021
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Compliance reduction initiative streamlines regulation by decriminalizing trivial breaches and digitizing approvals for businesses and citizens.
The government initiative coordinated by DPIIT adopts a time bound, consultative action plan to reduce administrative burdens by repealing or amending redundant laws, decriminalizing minor technical non compliances while preserving enforcement for serious offences, and digitizing procedures through single window systems and online validations to shorten approval timelines, eliminate physical touchpoints, and improve service delivery to citizens and businesses.
September 24, 2021
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Regulatory oversight must adapt to digital market power to ensure platform neutrality and preserve competitive merit based access.
The Commission must correct market failures from abuse of market power, cartels and anti competitive mergers by ensuring platform neutrality and a level playing field. The enforcement toolkit should be adaptable and periodically refined to address data hegemony and attention economy dynamics in digital markets, while balancing interventions to preserve efficiency and innovation. Market studies, targeted monitoring and streamlined merger rules are instruments to respond to pandemic induced market shifts, and firms must maintain strict compliance and documentary evidence when operating under changed conditions.
September 24, 2021
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Audit irregularities: NFRA finds auditor appointment void and material reporting, valuation and documentation failures affecting financial statements.
NFRA's AQR found the statutory auditor's appointment prima facie illegal and void, inadequate evaluation of the going concern basis, improper valuation of financial exposures to related parties, understatement of losses due to unjustified reversal of expected credit loss provisions and incorrect impairment accounting, and incorrect treatment of letters of comfort as financial guarantees. The report also identifies failures by the engagement quality control partner to report known misstatements and exercise due diligence, and significant audit documentation deficiencies and file integrity concerns under SA 230.
September 23, 2021
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Comprehensive Economic Partnership Agreement negotiations advance to expand bilateral trade and investment between India and UAE.
Comprehensive Economic Partnership Agreement negotiations between India and the UAE are underway, led by ministerial-level discussions to expand bilateral trade and investment. The UAE ministerial visit and the first CEPA negotiation round signal coordinated efforts to strengthen commercial engagement, establish negotiation modalities, and convert strategic partnership commitments into practical economic cooperation.
September 7, 2021
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Investor education expands investor protection through technology-driven outreach and coordinated refund facilitation.
IEPFA has expanded investor education and protection through nationwide awareness programmes and technology-driven services-mobile app, portal, helpline and call centres-to facilitate claims and refunding of unclaimed amounts, dividends and shares, while partnering with professional bodies and service providers to scale outreach and plan a long-term roadmap for investor awareness and protection.
September 1, 2021
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Loan guarantee scheme expands government-backed credit support to catalyse healthcare infrastructure and access in underserved areas.
The Loan Guarantee Scheme for COVID-19 Affected Sectors (LGSCAS) provides government-backed guarantees to Scheduled Commercial Banks for loans to Greenfield and Brownfield healthcare projects, with differentiated guarantee cover, a loan-size ceiling for eligibility, and geographic exclusions for Metropolitan Tier 1 cities; the scheme offers concessional borrowing terms, simplified application procedures, temporal and aggregate caps, and aims to mobilise bank financing into underserved districts to expand capacity, technology and trained manpower as part of pandemic recovery and equitable healthcare access.

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Acts Income Tax