Revolutionizing India’s Energy Landscape: New Rules to Boost Green Hydrogen and Energy Transition
The Minister for Power, Mr. R. K. Singh, has unveiled a series of new regulations designed to foster a more conducive environment for industries such as Green Hydrogen manufacturers. These rules are poised to expedite the establishment of energy storage capacity and play a pivotal role in advancing the energy transition while simultaneously securing the […]
Raksha Mantri Rajnath Singh Greenlights Group Insurance Scheme for BRO’s Casual Paid Labourers
Historic Welfare Enhancement Raksha Mantri Shri Rajnath Singh has approved a significant enhancement of welfare measures for the Border Roads Organisation’s (BRO) Casual Paid Labourers (CPLs). This move marks a substantial development in the support extended to these workers, who are employed in the construction of roads in challenging forward and border areas. Extension of […]
NCLAT: Ex-Promoters and Directors Can Bid if They Meet Section 29A of IBC Criteria
The National Company Law Appellate Tribunal (NCLAT) has clarified that former promoters and directors of a company undergoing insolvency process are not automatically disqualified from submitting resolution plans. The tribunal said that such individuals can bid for the insolvent company if they meet the eligibility criteria under Section 29A of the Insolvency and Bankruptcy Code […]
E-Commerce and FDI: DGFT’s Vision for Inventory-Based Exports
The Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi, has been advocating for the allowance of FDI in the inventory-based model, specifically for e-commerce exports.
India’s Oil and Gas: Tax Reductions Drive Industry Expansion
the government announced a reduction in windfall profit taxes on domestically produced crude oil and diesel exports on November 16, 2023. The tax on crude oil was slashed from ₹9,800 per tonne to ₹6,300 per tonne, while the tax on diesel was reduced from ₹2 per litre to ₹1 per litre. This strategic decision is poised to have a far-reaching impact on various aspects of the Indian economy.
Online Gaming in India: Growth Narrative and Tax Obstacles
The imposition of a 28% Goods and Services Tax (GST) on online gaming, casinos, and horse racing by the GST Council in India, announced in July 2022,