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 ...
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.
Trade Practice Investigation: Tech-company antitrust fines prompt proposed tariffs and trade sanctions under federal trade law mechanisms. A formal investigation into alleged unfair trade practices has been announced in response to European regulatory fines imposed on major United States technology companies. The stated concern is that digital antitrust penalties are unfairly directed at United States businesses, with possible tariffs on European Union imports indicated. The proposed response is linked to Section 301 of the Trade Act of 1974, permitting import taxes and other sanctions against unjustifiable, unreasonable or discriminatory trade practices.
Import tariffs and energy costs heighten inflation risks, pressuring consumers, corporate profits and monetary-policy expectations amid market volatility. Fresh tariffs on imports, rising energy prices and Middle East conflict are identified as concurrent pressures on global financial markets. The tariff measures apply to nearly all imports into the United States and are paid by importing companies, which typically pass the additional costs to consumers. Higher energy costs and tariffs may increase inflationary pressure, reduce household discretionary spending and affect corporate profitability, while influencing monetary-policy expectations. Investors also questioned whether substantial artificial-intelligence investment can support technology-sector valuations.
Responsive tax governance promotes taxpayer convenience, correction of bona fide errors, tax certainty, prompt refunds and prevention of avoidable litigation. Responsive tax governance requires convenience for honest taxpayers, correction of bona fide errors and firm consequences for deliberate tax evasion. The Income Tax Act, 2025 is intended to simplify the legal framework, reduce uncertainty and lower compliance costs, supported by stronger electronic filing infrastructure and prompt refund processing. Tax certainty should promote voluntary compliance and shift the focus from litigation management to litigation prevention through consistent guidance, simplified procedures, technology, standardised processes, effective grievance resolution and reduction of recurring taxpayer difficulties.
Examination integrity safeguards prompt monitoring, enforcement action and proposed stricter penalties for paper leaks and institutional failures. Examination integrity measures include reported termination of agency officials, contemplated legal and criminal action, proposed stricter punishment for paper leaks, and Supreme Court monitoring of preventive steps. The Supreme Court also prohibited unauthorised posting or uploading of audio-video court proceedings on social media and digital platforms without prior administrative permission. The updates further address taxpayer facilitation alongside firm action against evasion, trade measures connected with forced-labour concerns, and potential legal action concerning university communications to students.
Export duty was imposed on specified iron and steel products in May, 2008 which were modified in June, 2008. Considering the steep fall in the international prices recently, Government have decided to withdraw the export duty on certain items such as pig iron, iron and steel ingots, bars and rods, angles shapes, sections. However, scrap would continue to attract the existing rate of export duty.
Export duty of 15% ad valorem was imposed on iron ore (lumps and fines) in June, 2008. The international price of fines has gone down substantially making their exports unremunerative. With a view to improve the export competitiveness of the mining industry, and for protecting the interest of the employees engaged in this sector, the 15% ad valorem export duty on fines has been replaced with a specific duty of Rs.200 PMT. The rate of export duty on iron ore lumps continues to remain unchanged.
The aviation sector is experiencing financial stress, which is partly due to high price of Aviation Turbine Fuel (ATF). In order to give relief to this sector, the basic customs duty of 5% has been abolished. Though there are no imports of ATF and it is a freely priced petroleum product, the price of domestically produced ATF is based on import parity price factoring in the basic customs duty. The exemption would result in lowering of the base price of ATF and, consequently, lowering the incidence of excise duty and VAT, giving substantial relief to the aviation sector.
In order to provide the required protection to domestic ferro-molybdenum and ferro-vanadium industry, the full exemption from basic customs duty has been withdrawn. These items will now attract basic customs duty of 5% .
The above duty changes will be effective from 31.10.2008.
Export duty changes alter export and customs treatment for iron ores, steel products and aviation fuel pricing.
Modifications to export and customs duties effective 31.10.2008: export duty withdrawn on specified iron and steel products while scrap retains its duty; ad valorem export duty on iron ore fines replaced by a specific export duty of Rs.200 per metric tonne and duty on iron ore lumps remains unchanged; basic customs duty on Aviation Turbine Fuel abolished; full exemption for ferro molybdenum and ferro vanadium withdrawn and these items will attract basic customs duty at the newly stated rate.
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