Balancing Act: The 16th Finance Commission and India’s Tax Devolution
The terms of reference (ToR) for the 16th Finance Commission have been approved by the Union Cabinet, chaired by Prime Minister Narendra Modi. The Commission will review the devolution of taxes between the Centre and states for the five-year period from April 1, 2026, to March 31, 2031. Its report is expected to be submitted by October 31, 2025.
Navigating the Future: Mobikwik’s Path to an $84 Million IPO
The Gurugram-based company, known for its mobile wallet and buy now, pay later services, is targeting to raise approximately $84 million through this IPO, which is slated for 2024.
Prosus Downgrades Byju’s Valuation to Below $3 Billion Amid Challenges
The significant valuation markdown of Byju’s by Prosus NV, a leading tech investor, marks a notable shift in the edtech sector. Prosus has reduced the valuation of the Indian education firm to under $3 billion, a dramatic decrease from its peak valuation of $22 billion in the previous year
LIC Unveils Jeevan Utsav, Offering 10% Sum Assured as Regular Income
The eligibility criteria for Jeevan Utsav vary based on the age of the life assured. There’s no limit to the maximum sum assured, but it will be based on LIC’s underwriting policy. The basic sum assured can be increased in increments of Rs. 25,000 up to Rs. 24 lakh and then by Rs. 1,00,000.
Smaaash Brand Ownership Restored by NCLT: Ending Fraudulent Transfer Saga
The Mumbai bench of the National Company Law Tribunal (NCLT) has made a significant ruling in the case of the Smaaash brand, an insolvent sports entertainment company.
Navigating the Housing Crisis: RBI’s Plan for Stalled Real Estate Projects
The recent decision by the Reserve Bank of India (RBI) to allow additional housing loans for stalled real estate projects to be treated as standard credit is a significant move in the Indian real estate sector.
The Future is Electric: Karnataka’s Bold 2023 EV Policy Agenda
This ambitious policy is designed to attract an investment of approximately Rs 50,000 crore and generate job opportunities for one lakh individuals over the next five years
“Engineering Growth: India Witnesses a 7.2% Rise in Exports Amidst International Flux
In October 2023, India’s engineering exports rose by 7.2% to USD 8.1 billion, contributing significantly to the nation’s overall exports of USD 62.26 billion for the month.
Bharat Biotech and University of Sydney Forge New Paths in Vaccine Research with MoU
Bharat Biotech International Limited and the University of Sydney have recently signed a landmark Memorandum of Understanding (MoU) to collaborate on vaccine research, marking a significant step in the global fight against infectious diseases
Digital Payments Surge in India: RBI’s Latest Data Reveals a Declining Trend in Cash Transactions
The recent data from the Reserve Bank of India (RBI) highlights a significant shift in the Indian financial landscape, with digital payments showing robust growth while cash transactions are on the decline.