Entries by admin

Section 194R – A Brief Analysis of New TDS Compliance

Introduction of of New TDS Compliance Many companies often transfer benefits arising out of sales or services directly to their agents. It is a common practice for many corporates to gift cars, trips, laptops, mobiles etc. to their stakeholders for achieving targets or as incentives. These people may be selling agents, sales personnel, contractors, marketing […]

Windfall Tax – The Government’s Robinhood Act

Windfall Tax Introduction The government has imposed a windfall tax on domestic oil producers. Oil producers have recorded steep revenues in recent months amid record-high international crude oil prices. Tarun Bajaj, Revenue Secretary, has said that the windfall tax will be re-evaluated on a fortnight basis, based on foreign currency rates and international oil prices. […]

why are companies rushing to invest in Uttar Pradesh?

Companies Rushing Recently, the ‘Uttar Pradesh Investors Summit 3.0’ laid the foundation stone for 1,406 projects worth INR 80,000 crore. This year’s investment is higher than the previous two summits as the state attracted 81 projects worth over INR 61,500 crore in its first summit while 290 projects worth INR 67,000 crore in the second […]

Why is gambling becoming a worry for India Inc?

Gambling Becoming Real Money Games (RMGs) are games in which the players play for a wager. gambling becoming These games make up around 80% of India’s online gaming industry. According to a report by Economic Times, Indian gamers have spent approximately USD 1.73 billion in online sports betting during the year 2021. The experts have […]

Why is Holcim exiting India and what it means for Cement prices?

CEMENT PRICE Holcim India has announced to exit India. Its decision has surprised the industry as it formed more than 20% of the national capacity and sales volumes. Besides, amongst geographies, India also makes up 23% of the total global capacity of the company and contributes 27% of sales volumes. However, the company has been […]

New VPN Rules – Is the Government stretching too far?

VPN RULES Background Indian Computer Emergency Response Team (CERT-In), India’s cybersecurity watchdog, has issued new directives for companies offering Virtual Private networks (VPN). Under the new directive, VPN provider companies are required to store user data for at least five years, amongst other rules. These companies are now mandated to collect specific customer data even […]

India Datasets Programme – Draft policy and areas of concerns

Datasets Background In February, the Ministry of Electronics and Information Technology (MeitY) came up with a draft policy ‘India Data Accessibility and Use Policy 2022 (IDAU)’ for the access and usage of data held by various government agencies. The policy immediately attracted criticism, especially for allowing the monetisation of data by way of sale or […]

Why are Zomato and Swiggy introducing ‘Eat Now, Pay Later’?

EAT NOW PAY LATER Zomato has announced Eat Now Pay Later (ENPL) option for its customers to order food and pay for it at a future date. However, fintech like PayU, EPaylater, and Simpl are already offering credit to customers who order food online. The reason behind Zomato and Swiggy entering the BNPL segment is to save the […]