InCred Asset Management has Crossed ₹1,000 Crore in investments in listed healthcare companies, becoming one of India''s largest dedicated Healthcar...
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman outlines 5Rs of responsive tax governance; Calls for greater tax certainty and ...
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Homebuyer enforcement measures require developer compliance with deposit, project completion, and disclosure of pending cases. Homebuyer enforcement proceedings required the developer and its directors to disclose the status of pending purchaser cases and complete outstanding work in the booked dwelling unit by the specified deadline. Earlier directions required deposit of the recoverable amount with annual interest and warned of coercive consequences for non-compliance. Protective measures included freezing bank accounts, issuing bailable warrants, and preventing creation of third-party rights or transfer of possession. Insolvency proceedings were stated not to impede enforcement of directions concerning the homebuyers' claims.
RBI direction compliance prompted internal disciplinary action over deposit mobilisation and marketing-expenditure payments, with the matter referred to RBI. HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India.
Precious-metal market pricing rebounds as easing inflation concerns, global bullion strength and lower yields support gold and silver. Precious-metal prices rebounded in the domestic market, supported by stronger global bullion trends, lower crude-oil prices, easing inflation concerns, a weaker US dollar and lower Treasury bond yields. Domestic gold gains were limited by rupee appreciation. Further bullion-price movement was linked to geopolitical developments, inflation and GDP data, US economic indicators, and monetary-policy decisions by major central banks.
Consumer financing eligibility supports instalment purchases of washing machines through partner stores, requiring in-person application and approval. Consumer financing for Panasonic washing-machine purchases is available through Bajaj Finance partner stores under an Easy EMI Loan or Insta EMI Card, subject to eligibility and available credit limits. Repayment is offered through instalments over specified tenures, with zero down payment available on select models. Buyers must be physically present at a partner store to apply. The process includes comparing models, verifying pre-approved eligibility through mobile-number and OTP verification, evaluating the product in store, selecting an EMI plan, and completing the transaction after approval.
MBA campus placements across industry-linked management programmes report recruitment activity spanning finance, analytics, technology, supply chain, healthcare and marketing roles. Chandigarh University reports MBA placement activity during 2025 and 2026 across banking, information technology, financial technology, healthcare, retail, analytics, consumer goods and automobile sectors. It describes placements in flagship, applied finance and analytics, and industry-collaborated MBA programmes, including marketing, human resources, operations, supply chain, business analytics, digital marketing, financial technology, data science and healthcare management. The release identifies industry collaborations and participating recruiters, and is issued under a PRNewswire arrangement with PTI disclaiming editorial responsibility.
General Counsel leadership now integrates commercial decisions, regulatory risk, legal-team design, and technology adoption within corporate management. Corporate legal departments are evolving from compliance-focused functions into strategic business partners. The General Counsel's role encompasses commercial decision-making, regulatory and reputational risk, acquisitions, market entry, contracts, disputes, crisis management and technology adoption. Increased regulatory complexity and the growth of legal capability centres require proactive legal functions with appropriately structured teams, processes, workflow allocation, and use of technology and artificial intelligence.
Healthcare portfolio management services disclose equity strategy performance, benchmark methodology, fee treatment and the absence of regulatory performance verification. InCred Healthcare Portfolio is identified as an investment approach/product under an Equity Strategy pursuant to a SEBI circular. Its disclosed performance is benchmarked against the BSE 500 TRI, calculated using the Time Weighted Rate of Return method prescribed by SEBI, and stated to be net of fees and expenses. Returns for shorter horizons are described as absolute returns. The performance information is expressly stated not to have been verified by SEBI, and SEBI has not certified its accuracy or adequacy.
UPI-enabled flexi benefits wallets support employee-selected tax-efficient allowances with category controls, compliance monitoring and employer reporting. A UPI-enabled flexi benefits wallet is described as allowing employees to allocate employer-provided allowances among eligible categories and make payments through the relevant wallet at UPI-accepting merchants. Tax-efficient treatment is stated to depend on the prescribed conditions applicable to each benefit category. Merchant-category-code controls are intended to restrict expenditure to eligible purposes, while centralised allocation, transaction visibility and reporting support employer compliance. The arrangement is stated to operate through a Reserve Bank of India licensed prepaid payment instrument framework.
Section 301 forced-labour measures place Indian imports in a lower tariff tier while preserving specified product exclusions. Section 301 forced-labour import measures impose an additional ad valorem duty on imports from India, with India placed in a lower additional-tariff tier than initially proposed. Specified exports that attract no additional duties, and goods already subject to Section 232 measures, remain outside the Section 301 additional duty. A substantial portion of Indian exports is therefore excluded, while the remaining exports are subject to the additional duty. The textile-specific mechanism has not yet been operationalised, and engagement continues in relation to that mechanism and bilateral trade agreement negotiations.
FCV tobacco market stability remains under review through coordinated measures to protect growers and maintain transparent auction operations. FCV tobacco market stability was reviewed with emphasis on protecting growers' interests and considering long-term measures for the sector. The delegation inspected Tobacco Board auction operations, interacted with growers on prevailing market conditions, and noted the transparent and orderly conduct of auctions. The Government is monitoring developments and examining appropriate measures with the State Government, Tobacco Board and stakeholders to safeguard FCV tobacco farmers' interests.
Corporate Mitra Scheme supports MSMEs through accredited professionals delivering affordable compliance, financial, taxation, accounting and governance assistance. The Corporate Mitra Scheme seeks to strengthen MSMEs by connecting them with accredited para-professionals providing affordable compliance and business-support services. Corporate Mitras are envisaged to assist with regulatory compliance, finance, taxation, accounting and governance, allowing enterprises to focus on growth. The scheme also trains young graduates in industry-relevant skills and creates employment opportunities. IICA Shillong serves as the nodal agency for coordination, stakeholder liaison, promotion and awareness in the North Eastern Region.
Tax administration must deliver timely lawful service, protect public assets, and uphold integrity in tax collection. Tax administration should assist common citizens by handling matters within departmental authority without unnecessary delay, while remaining within applicable rules. Government departments should protect public land from illegal occupation and expedite lawful land transfers, permissions, construction arrangements and procurement for departmental premises and accommodation. Integrity is the essential principle for officials performing tax-collection functions.
Investment fraud and forged residence certificates prompted chargesheets over alleged misappropriation, fabricated revenue records, land purchases and employment access. Criminal chargesheets concerned alleged investment fraud through false promises of high returns and alleged misappropriation of investor funds, involving a company stated to be unregistered with SEBI, RBI and the relevant Registrar of Companies. A separate chargesheet concerned alleged conspiracy to procure permanent resident certificates using forged revenue records, with the certificates allegedly used for land purchases and government employment. Forensic examination reportedly found that the relevant revenue documents were not genuine according to official records.
Money-laundering allegations in online rummy gaming prompt prosecution proceedings and asset attachment over suspected cheating of users. Money-laundering proceedings concerning online real-money rummy operations include a prosecution complaint against Gameskraft Technologies, RummyTime Technologies, founder-directors and associated persons. The allegations concern proceeds of crime said to arise from cheating users through rummy applications and from an addictive environment encouraging repeated wagering. The proceedings also involve provisional attachment, seizure and freezing of financial holdings, equity interests and immovable properties alleged to be connected with suspected proceeds of crime. The founder-directors' arrests were declared invalid by the Karnataka High Court, while the investigating agency proposes to challenge that order.
Banking financial performance reflected loan and deposit growth, improved asset quality, stronger margins and prudent contingency provisioning. Quarterly financial performance reflected growth in customer business, loans and deposits, expansion in lending portfolios, an improved CASA ratio and lower cost of funds. Asset quality improved through reductions in gross and net non-performing assets, while profitability indicators improved in relation to net interest margin, cost efficiency, provisions, net profit and return on assets. The bank received credit-guarantee claims for its microfinance portfolio and created a contingency provision for macroeconomic and geopolitical uncertainty. Capital adequacy and common equity tier-one ratios were also reported.
Forced-labour import tariffs place Indian goods under an additional duty while exemptions preserve access for specified exports. A 10 per cent Section 301 additional import duty applies to specified Indian goods over and above ordinary most-favoured-nation duty, following a forced-labour-related investigation. Generic pharmaceuticals, smartphones, other specified products, and goods already subject to Section 232 sectoral duties remain outside the additional levy. The textile-specific mechanism has not yet been operationalised for India, while tariff-rate quota concessions using US-origin cotton and fibre were announced for certain other economies. India continues engagement on a bilateral trade agreement and tariff access for garments using American inputs.
Copper Clad Laminate expansion advances through policy and rights-issue approvals, supporting domestic electronics manufacturing and strategic growth initiatives. The company reported progress on a proposed Copper Clad Laminate manufacturing project, including in-principle approval under the Gujarat Electronics Policy and substantial project completion. The facility is intended to support domestic electronics manufacturing and reduce import dependence. It also reported upgraded credit ratings, enhanced rated bank facilities, and stock-exchange in-principle approvals for a proposed rights issue supporting expansion and strategic growth initiatives.
US forced-labour tariffs place India in a lower tier while preserving exclusions for specified imports and Section 232 products. US Section 301 forced-labour measures impose an additional 10 per cent tariff on imports from India, with India placed in a lower tariff tier than initially proposed. Generic pharmaceuticals, smartphones and certain specified products outside additional duties remain excluded, as do products already covered by Section 232 measures, including steel, aluminium and auto parts. The textile-specific mechanism has not yet been established or operationalised, and engagement continues in connection with bilateral trade agreement negotiations.
Money-laundering investigation examines alleged fictitious expenses, circular vendor payments, and consultancy payments without services or deliverables. A money-laundering investigation alleges misappropriation through fictitious expense entries, unsupported vouchers, and inflated vendor invoices used to withdraw funds in cash. The Enforcement Directorate further alleges that payments described as software or IT consultancy expenses were made to Exalogic Solutions Pvt Ltd and Veena T without services or deliverables. The report cites statements concerning the alleged sham payments, Exalogic's dependence on company funds, and subsequent transfers from its account. The PMLA case is based on a prosecution complaint concerning suspected financial irregularities.
Tax certainty and taxpayer-centric administration drive simplified compliance, reduced litigation, digital service delivery, and stronger voluntary tax compliance. Tax administration reform under the Income-tax Act, 2025, rules and forms is directed toward a simpler, transparent and taxpayer-centric system. Key priorities include reducing compliance costs and litigation through tax certainty, faster return processing, refunds, grievance redressal, voluntary compliance and timely appeal disposal. Digital initiatives, including PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and SAKSHAM NUDGE, are intended to simplify compliance and improve taxpayer experience. Capacity building in technology, international taxation, transfer pricing, digital assets and cybersecurity supports this reform agenda.
Huge Untapped Potential for Investment and Trade Between India and South Africa: Anand Sharma – Addresses India Business Forum – Meets South African President
January 11, 2011
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Shri Anand Sharma, Union Minister of Commerce & Industry, while addressing the India Business Forum, in Johannesburg last evening, said that there are huge untapped potential exists in the area of investment and bilateral trade between India and South Africa. Interacting with the captains of industry from both sides, Shri Sharma said that for Indian businessmen, Africa is an untested but potential huge trade and investment market for the future. South Africa could provide the key to unlocking this market. While it is hardly possible to see any better partner for Africa than India. He further added that India has become an important destination for investment and we are inviting foreign capital to fulfill our development requirements, at the same time many of our companies are expanding across the world and have earned a name for themselves as global challengers. "There is also a need to move into other sectors. Besides the business areas mentioned above, South Africa also offers enormous opportunities for Indian firms, especially in sectors like construction and engineering, mining, renewable energy and space science", the Minister said.
Speaking on the occasion, Shri Sharma said that Indian investment in South Africa has been substantially rising, at the same time there is a growing trend of South African investments in India. "India's involvement with Africa is and has been focused on helping African countries develop their own potential for human resource development. This has been an evolving process and India has, over the years, extended cooperation not just in IT, but also in agriculture, SMEs, transportation, infrastructure, health and education", he added.
During his visit, Shri Sharma participated in the commemorative celebrations of 150 years of arrival of Indians in South Africa. In his meeting with the President of South Africa, Mr. Jacob Zuma, Shri Sharma congratulated President Zuma on South Africa joining BRIC. He also conveyed India's desire to work together with South Africa in BRIC even as both the countries continue to deepen their partnership in the IBSA framework.
As regards India-SACU PTA, Shri Sharma said that India is now hoping for early conclusion of India - SACU Preferential Trade Agreement and added that this should provide an enormous boost to ongoing levels of bilateral trade—especially in products such as pharmaceuticals, machinery, automobiles, where India enjoys a competitive advantage.
Inaugurating the first-ever MMTC Office in Johannesburg, Shri Sharma said that this will allow us to enhance our direct purchases of key commodities from South Africa including gold and other metals and minerals. The Minister mentioned that MMTC would like to use this office for exploring vast opportunities for sourcing ferrous and non-ferrous metals i.e. nickel, aluminum, copper, tin, zinc, silicon, magnesium, titanium and cobalt from South Africa. The office of MMTC in South Africa could look at business opportunities in the entire African continent and would facilitate greater cooperation. Sourcing of Rough Diamonds and cooperation in the field of Precious Stones could be focus areas for both the countries. MMTC is looking for import of coal and joint ventures for coal exploration with African companies with a committed buy-back arrangement.
India is South Africa's largest trading partner in South and South-East Asia and one of South Africa's top-ten trading partners globally. Total trade has more than doubled since 2004-05 to cross $7.5 billion. The bilateral trade, has grown from US $ 3.18 billion in 2004-05 to US $ 7.73 billion in 2009-10. In the year 2009-10, India's exports to South Africa were US $ 2,058 million and imports from South Africa were US $ 5,674 million. Bilateral trade during this period (April-Sep. 2010) was to the tune of US $ 5,393 mn, up from US $ 3,757 mn in the corresponding 6-month period of April-Sep. 2009. Exports from India to South Africa during the 6-month period of April, 2010 to September, 2010 were US $ 2,267 mn, registering a growth of 118 % over the corresponding 6-month period of April-Sep. 2009. Imports from South Africa to India during the 6-month period of April, 2010 to September, 2010 were US $ 3,125 mn, registering a growth of 15% over the corresponding 6-month period of April-Sep. 2009.
India's exports to South Africa comprises mineral fuels, automobiles, iron & steel, machinery and instruments, organic and inorganic chemicals, drugs and pharmaceuticals, cotton yarn and fabrics and rice and other cereals. India's imports from South Africa were gold, aluminium, phosphoric acid, coal, pulp and waste paper, precious stones including diamonds, etc.
Investment and trade potential between India and South Africa urged to be unlocked, with PTA and sectoral cooperation driving growth.
Huge untapped investment and trade potential exists between India and South Africa, with calls to diversify sectoral engagement into construction, mining, renewable energy and space science. The note urges early conclusion of an India-SACU Preferential Trade Agreement to boost trade in pharmaceuticals, machinery and automobiles, and highlights MMTC's new Johannesburg office to strengthen direct sourcing of metals, minerals, rough diamonds and coal, including joint exploration ventures and pan African business outreach.
Note: It is a system-generated summary and is for quick reference only.
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