The Indian government is seeking more advice and strategic direction on sustainability, ESG goal, decarbonisation efforts across supply chain in almost all industries
The Competition Commission of India investigates Google Play Store over unfair service fees, tests new provisions of the Competition Amendment Act
Sitharaman observed that more people are investing directly in stock market. Finance minister noted stability of Indian stock market, advocating for it to operate independently
"It is an overarching section. Akin to the existing Law, Government has effectively kept room to make exemptions in a number of situations," said Sagardeep Rathi, Partner, Khaitan & Co
Industry sources said that they have shared certain tax proposals which are being considered by the finance ministry
The Draft Digital Competition Bill has set out a process for investigation of the contraventions listed in the Bill in line with the similar process in the parent Competition Act
CAD implies the country is importing more goods and services in value than exports
Proposed Bill requires digital companies to notify Competition Commission of India that it fulfills criteria to qualify as a Systemically Significant Digital Enterprises based on criteria set in Bill
The rating agency reported that India would reach to a $15 trillion economy over financial years 2043-2047
The CCI will have the power to levy a fine of up to 1 per cent of the global turnover of the online entity in case it fails to make this declaration, sources said
MCA notification dated March 5 empowers the Commission to impose penalty on global turnover of a company and not just the turnover derived from the product or service under investigation
Merger transactions with acquisition targets having assets under Rs 450 cr or turnover below Rs 1,250 cr are exempt from CCI approval
The penalty for anti-competitive practices will not initially be imposed on global and total turnover but adjusted over the penalty calculated on the relevant turnover of the company
Investigative agency pivots to manpower capabilities and specialised skills
MCA secretary Manoj Govil urged the corporate sector, including the CEOs and CFOs to improve upon the level of public trust within the business ecosystem as preparers of financial statements
To refer the matter to regulator if lapses found
After scrutiny of documents, FIU had issued a compliance Show Cause Notice to the bank for its violations of PML rules, including Know Your Customer
He urges global rating agencies to reassess their estimates of India's potential growth rate to 7 per cent
Both revenue and capital expenditure for the April-January FY2024 period was around 75 per cent
She said that the emphasis of the government has been on system reforms to throw out unnecessary laws that may become an instrument in the hands of rent-seekers