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In another significant ruling, CESTAT declared that vehicle leasing is not considered a "service" under the Service Tax Act. The tribunal clarified that leasing vehicles for…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ruled that storage and warehouse services are exempt from service tax. This ruling clarifies the tax treatment of…
The Finance Ministry has revised Section 16 of the Central Goods and Services Tax CGST Act, offering relief to taxpayers by allowing them to claim Input Tax Credit ITC for the…
Public sector banks PSBs in India are ramping up their efforts to enhance customer relations in rural areas by hiring apprentices. This initiative is aimed at bridging the gap…
Indian banks are expected to see an improvement in their loan-to-deposit ratios as the Reserve Bank of India RBI maintains its policy stance. The recent surge in demand for loans,…
Deloitte aims to achieve $5 billion in revenue from its India business by 2030, according to the company’s South Asia CEO. The firm is focusing on expanding its consulting, audit,…
The Hyderabad Airport Authority HYDRAA Chief clarified that no demolition of structures will occur without proper permissions from the civic body. This statement follows concerns…
Tata Sons is reportedly planning to increase its stake in Tata AutoComp Systems by 13%, reinforcing its control over the subsidiary. Tata AutoComp is a leading automotive…
The Finance Ministry has issued a notification outlining the effective dates for implementing various provisions of the Finance No. 2 Act, 2024. This notification clarifies the…
The Income Tax Act Review Committee is on track to submit its recommendations by the end of October 2024. This committee was established to propose amendments to the Income Tax…
The Group of Ministers GoM on GST rate rationalization is considering the removal of the 12% tax slab. This proposal aims to simplify the tax structure by reducing the number of…
Delhi Lieutenant Governor VK Saxena has suggested linking vehicle insurance premiums to traffic challans in a letter to Finance Minister Nirmala Sitharaman. This proposal aims to…
Yusuf Ali, chairman of the UAE-based Lulu Group, met with Chandrababu Naidu to discuss potential reinvestment in Andhra Pradesh. Lulu Group had previously invested in a…
The Indian Biogas Association IBA aims to attract Rs 1,600 crore worth of investment for the biogas sector at the Renewable Energy India REI 2024 expo. The biogas industry, which…
The Indian government is exploring the creation of a regulatory mechanism for supervising Foreign Direct Investment FDI inflows. The move comes amid increasing global scrutiny of…
Foreign Portfolio Investments FPIs in Indian stocks remained positive for the fourth consecutive month, signaling sustained confidence in India’s equity market. Despite global…
The Finance Ministry of India is set to start pre-budget consultations with various stakeholders from October 10, 2024, in preparation for the Union Budget 2025-26. These…
Several high-profile companies, including NTPC Green Energy, Hyundai, and Swiggy, plan to enter the primary markets with Initial Public Offerings IPOs in October and November…
GST 2.0 is poised to transform India’s MSME sector by simplifying compliance, improving digital infrastructure, and reducing the tax burden on small businesses. The upgraded GST…
The India SME Forum launched a new initiative called "Start Exporting in Eight Weeks," aimed at helping small and medium-sized enterprises SMEs begin exporting their products…
SJVN, a public sector undertaking PSU , saw a 5% surge in its stock price after signing an agreement with the Maharashtra government for renewable energy projects. This…
A Navratna PSU has secured an order worth ₹75 crore from IIT Nagpur, which is expected to contribute significantly to its revenue growth. The company's stock has seen a surge of…
In an effort to mitigate losses faced by Visakhapatnam Steel Plant VSP , a proposal for centralizing the marketing operations of steel Public Sector Units PSUs is being…
Despite the dominance of large players in India’s Unified Payments Interface UPI ecosystem, small players are showing promise. While major companies like PhonePe, Google Pay, and…
The Bombay High Court dismissed a Public Interest Litigation PIL challenging the Maharashtra government’s appointment of Ajoy Mehta as the Real Estate Regulatory Authority RERA…
Most Real Estate Regulatory Authorities RERAs across India are headed by former bureaucrats, a trend that has sparked criticism for transforming RERA into a "rehabilitation…
Former RBI Governor Raghuram Rajan raised concerns about India's job creation efforts despite a robust 7% GDP growth. He highlighted that while the economy is expanding, it is not…
In September 2024, India witnessed significant developments, with news updates focusing on sectors like agriculture, technology, and the economy. Key highlights include policy…
After a series of legal challenges against Amazon, three Flipkart sellers have now sued the Competition Commission of India CCI , alleging unfair trade practices. The sellers…
In a case involving Bollywood producer Vashu Bhagnani, the Mumbai Economic Offences Wing EOW criticized Netflix for not cooperating in an investigation. Bhagnani alleged that…
The Delhi High Court heard a case involving the social media platform X formerly Twitter , challenging the government's order to block Hindutva Watch, an account monitoring…
The Supreme Court quashed a unique case of cruelty filed by a woman against her in-laws, citing a lack of evidence. The court noted that the allegations made under Section 498A of…
A Bengaluru court directed the police to register an FIR against Union Minister Nirmala Sitharaman in response to a complaint concerning the Electoral Bonds Scheme. The…
A case in the Punjab and Haryana High Court questioned the state government’s expenses on advertisements and litigation related to social schemes. The court, acting on a petition,…
The Gujarat High Court has raised concerns about deadlines in arbitration cases, particularly when arbitrators are substituted midway through proceedings. A query was posed…
The Supreme Court was approached with a contempt plea regarding the eviction and demolition drives in Assam. The petitioners claimed that these operations, targeting displaced…
A petition was filed in the Telangana High Court seeking an expedited process for the enrollment of advocates by the State Bar Council. The plea highlighted significant delays in…
A petition in the Rajasthan High Court highlighted gender discrimination in the transfer of female teachers within the state. The court examined policies restricting female…
The Allahabad High Court expressed concern over the indefinite detention of accused individuals in heinous crime cases due to trial delays. The court has sought an affidavit from…
The Jharkhand High Court ruled that objections to an appointment raised after the employee’s retirement are not maintainable. In this case, the objections concerned the…
The Delhi High Court ruled that an employee's discharge due to their unwillingness to serve is valid under labor laws. The court examined a case where an employee refused to work…
The Calcutta High Court ruled that the pre-award interest awarded in an arbitration case was patently illegal. The case involved a dispute between Damodar Valley Corporation and…
The Delhi High Court ruled that an employee's conviction for a serious offence justifies the forfeiture of their gratuity. In this case, the employee had been convicted of…
The Kerala High Court ruled that freedom of the press is integral to democracy and set aside a bail condition that restricted an online news platform from reporting on an ongoing…
In a cheque bouncing case, the Delhi High Court ruled that only the sole proprietor is liable for cheques issued for loan repayment. The court rejected the argument that the…
The Allahabad High Court recommended initiating criminal contempt proceedings against a senior advocate for making derogatory remarks and casting aspersions on the judiciary. The…
The Allahabad High Court ruled that candidates must possess the requisite educational qualifications at the time of consideration for promotion. The case involved a candidate who…
The Delhi High Court ruled that the dismissal of a bank branch manager violated Article 14 of the Indian Constitution, which guarantees the right to equality. The court found that…
The Delhi High Court ruled that credit card fees collected by foreign branches of Indian banks cannot be taxed in India under the Income Tax Act. The court clarified that since…
The Jharkhand High Court ruled that the denial of employment to a female candidate based on gender violates Articles 14 and 15 of the Indian Constitution, which guarantee equality…
In another significant ruling, CESTAT declared that vehicle leasing is not considered a "service" under the Service Tax Act. The tribunal clarified that leasing vehicles for…
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