Page 3 - Ruchika Chitravanshi

IBBI proposes bidders disclose beneficial ownership in their entities

The insolvency regulator has proposed mandatory beneficial ownership disclosures by bidders under the Insolvency and Bankruptcy Code to improve due diligence and prevent misuse of Section 32A immunity

IBC vs PMLA: Resolution professionals hope for timely resolution

The IBBI circular allows resolution professionals to seek restitution of assets attached under PMLA, but experts say its success depends on timely court orders and clear legal backing

Road, rail and defence lead FY26 capex surge; overall spend at 52%

Road Transport & Highways and Railways ministries lead capital expenditure in H1 FY26, with overall government capex reaching 52% of Budget estimates despite slower revenue growth

Privatising PSBs won't impede financial inclusion, says FM Sitharaman

Finance Minister Nirmala Sitharaman said India's next set of customs reforms is in progress after GST, adding that the country is on track to meet its fiscal goals and become a top-three economy soon

NFRA rolls out audit toolkit to aid small and medium practitioners

NFRA said that the development and document of audit strategy has to be commensurate with the risk profile of the auditee entity

Economy accelerated in Q2FY26, momentum to sustain: Finance Ministry

The review also flagged the rise in long-term sovereign bond yields of major economies and said this could undermine the hedging role such bonds typically play in the financial markets

MCA fixes V3 portal glitches, reviews server capacity amid high load

The ministry has asked LTI Mindtree, the service provider for the portal, to look into the volumes coming on to the portal and whether it needs ramping up of server capacities

ICAI keen to lead multidisciplinary practice firm initiative: President

Testing issues and actual implementations can have some differences. By and large it was working during testing

Extending deadline not enough, MCA portal needs fixing, say experts

Despite the MCA extending its filing deadline to December 31, professionals say persistent glitches on the new version 3 portal continue to stall compliance work

Liquidation regulations amended to abolish sale as going concern

IBBI removes sale of company as going concern in liquidation; now only asset sales allowed, shifting focus strictly to terminal liquidation process

India must fire on all cylinders to reach Viksit Bharat goal: IMF

Krishna Srinivasan urges structural reforms, trade liberalisation, and deeper global integration

India's overseas investments decline in August as US tariffs kicked in

Experts have said that the dip in August could be due to the uncertainty in the global economic scenario after the US tariffs

IMF raises India's FY26 GDP growth forecast by 20 basis points to 6.6%

Says strong first-quarter growth offsets US rate hike, revises global projection for 2025 upwards by 20 bps

Jal Shakti, Skills ministries lag as railways lead pack in total spending

Consumer affairs and railways lead FY26 spending so far, as FinMin launches early pre-budget consultations to ensure fiscal prudence and even-paced expenditure

Yr-end deadline for India-EU deal a 'little unwise': Bruegel's Zettlemeyer

Zettlemeyer says India should embrace trade, private investment, and reforms for faster growth, while navigating US protectionism and climate finance challenges

Asian Paints moves Supreme Court against CCI probe into Grasim case

The company challenges the CCI's probe order after the Bombay High Court dismissed its plea on alleged abuse of dominance in the decorative paints segment

Protection for industry must come with performance obligations: CEA

Speaking at a seminar by CareEdge, Nageswaran stressed the need for an industrial policy focused on productivity and performance

World Bank ups India's FY26 growth forecast to 6.5%, lowers FY27 projection

India, however, is expected to remain the world's fastest-growing major economy, supported by continued strength in consumption growth

CCI calls for self-audit of AI systems to ensure responsible autonomy

The CCI's market study on AI urges companies to self-audit algorithms to prevent anti-competitive behaviour while promoting innovation and fair market practices

Countries that maintain more openness will grow more: Anne Krueger

The position of any country, including India, will depend on what they do and how they react to geopolitical uncertainties