Page 2 - Ruchika Chitravanshi

Better cash recovery and track record kept Adani ahead in JAL race

NCLT clears Adani Enterprises' ₹15,000 crore JAL plan despite lower bid, spotlighting IBC's shift from highest offer to recovery certainty

West Asia conflict: Govt steps in to shield OMCs via big duty cuts

Move to cost exchequer ₹1.3 trn in FY27; export duty reimposed

NFRA flags audit independence concerns in Deloitte, Walker Chandiok

The audit regulator flagged independence issues in Deloitte and Walker Chandiok, citing concerns over non-audit services and compliance gaps in inspection reports

Excise duty cut can result in fiscal loss of ₹1.5 trillion, say economists

₹10 per litre excise duty cut on petrol and diesel may cost ₹1.5 trn in FY27 but help sustain consumption amid the West Asia crisis, even as economists flag risks to fiscal space

Statutory auditor requirement relaxed for smaller companies in new Bill

The proposed amendments relax compliance for small companies while strengthening accountability for executives and directors, raising concerns over governance and oversight

West Asia conflict: Small firms face big strain from energy and cost shocks

Rising gas prices, disrupted routes threaten MSME margins and output: CII

PM Internship Scheme's pilot relaxes age criteria, increases compensation

The Prime Minister Internship Scheme pilot has widened the age band, raised stipends to Rs 9,000, and reduced duration to 6-9 months to improve participation

Corporate Laws Amendment Bill to empower NFRA, ease compliance tabled in LS

The Corporate Laws Amendment Bill proposes decriminalisation, stronger NFRA powers, and simpler compliance norms, alongside reforms in mergers, CSR, and corporate governance

ICAI in talks with NFRA to streamline overlapping audit investigations

ICAI is coordinating with NFRA to identify overlapping cases and avoid duplication of investigations, aiming to improve regulatory efficiency and oversight

Getting ready to act on anti-competitive conduct in AI space: CCI chief

Kaur said that the CCI had identified potential anti-competitive conduct, which could be in the form of concentration in the AI value chain

NFRA suggests stronger internal control operations for audit companies

The others include improving documentation and a better assessment of keeping arm's length in giving loans to subsidiaries

CCI must balance innovation and prevent digital dominance: Rajiv Gauba

NITI Aayog member Rajiv Gauba said CCI must balance innovation and fair competition in digital markets, while chairperson Ravneet Kaur flagged potential anti competitive conduct

House panel on subordinate legislation examining CCI commitment regulations

Rajya Sabha panel on subordinate legislation has begun examining the Competition Commission of India's commitment regulations that allow firms to avoid abuse of dominance investigations

India to perform better than many nations amid West Asia crisis: CEA

He said that how the crisis ends is an equally important question to know whether both sides voluntarily end the conflict, or one side withdraws due to fatigue or exhaustion

₹1 trillion stabilisation fund to give fiscal headroom: FM Sitharaman

Finance Minister Nirmala Sitharaman told Lok Sabha the Rs 1 trillion Economic Stabilisation Fund will help India respond to global shocks while keeping fiscal consolidation targets intact

Iran war: Fiscal pressures on govt may mount next FY, say experts

A prolonged West Asia conflict could strain India's fiscal position through higher fertiliser subsidies, rising import costs and weaker revenue growth

Govt seeks LS nod for additional expenditure of ₹2.81 trillion in FY26

Finance Ministry seeks Parliament approval for Rs 2.01 trillion net additional FY26 spending through the second supplementary demand for grants, with allocations for subsidies and reserve funds

Union Cabinet clears amendments to IBC, Companies Act and LLP Act

Union Cabinet clears amendments to IBC, Companies Act and LLP Act to ease compliance, strengthen insolvency processes and improve ease of doing business

IBBI pushes transparency as CoC decisions in bankruptcy cases draw scrutiny

Recent proposals by the insolvency regulator aim to increase transparency and accountability in the Committee of Creditors' decisions after the Supreme Court flagged gaps in the IBC process

Impact of rising crude prices on inflation won't be substantial: FM

Finance Minister Nirmala Sitharaman, in a written statement, said that the medium-term impact of global crude oil price rise on inflation would depend upon several factors