Post 7

What is Enforcement Directorate (ED) and what does it do?

Background The Enforcement Directorate (ED) has been in the news these days more than the crime and criminals. The Government under its current regime has been extensively using the services of the Enforcement Directorate in numerous cases.…
Post 6

Why RBI permitted Trade Settlements in INR, explained.

Background When Russia first attacked Ukraine this year, countries across the world chose to sever ties with Russia. Russia was left alone and couldn’t engage in trade with other countries the way it used to. Russia, the biggest oil producer…
new tds compliance

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…
new tds compliance

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…
cement prices

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…
vpn rules

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…
datasets

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…
eat now pay later

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…
Future group gamble

why Reliance’s Future Group gamble hasn’t played well ?

Future Group Gamble Reliance Industries has backed out of its deal with Future Group and therefore, lenders are now initiating bankruptcy proceedings against Future Retail. Reliance’s retail business hasn’t been able to penetrate…
export to Russia

Why are exports to Russia costing businesses a fortune ?

India Export to Russia & other CIS Nations India export to Russia and Ukraine goods including CIS nations worth USD 4-4.5 billion annually. In the first 10 months of FY 2022, Russia made up USD 2.85 billion out of the total, while…