Introduction: In a significant development for the Indian pharmaceutical industry, the union health ministry is considering a proposed amendment that will make good manufacturing practice (GMP) mandatory for all drug firms in the country. This move comes in response to recent scandals involving Indian-made drugs causing harm to children in foreign countries. By implementing these new regulations, the government aims to enhance manufacturing practices, ensure product quality, and regain trust in Indian-made medications.   Addressing […]

Introduction The Indian government has introduced a new exemption from capital gains tax for units of investment trusts and exchange traded funds (ETFs) issued by entities based in Gujarat International Finance Tec-City (GIFT City) or traded in exchanges there. This move aims to promote GIFT City as a tax-neutral enclave for the financial sector.   Exemption Details The Central Board of Direct Taxes (CBDT) has notified the exemption for the following: Units of investment trusts […]

Introduction The book “Revolutionizing Business Operations” by Tony Saldanha and Filippo Passerini delves into the complexities of business processes. In this article, we will explore the importance of dynamic processes and the three key drivers behind them.   Drivers of Dynamic Business Processes Based on extensive research and years of experience in Fortune 20 operations, Saldanha and Passerini have identified three drivers that differentiate market leaders from laggards during economic crises: Open Market Rules Unified […]

Introduction Startup, In the fast-paced world of Indian startups, the term “hustle” has become increasingly popular. However, its meaning can vary, causing confusion and potential ethical concerns. In this article, we aim to shed light on the different interpretations of the word and emphasize the need for clarity and responsible entrepreneurship. The Dual Meaning of “Hustle” On one hand, “hustle” represents positive qualities such as efficiency, hard work, and entrepreneurial spirit. It describes the drive […]

Understanding the Taxability and Benefits of Selling Foreign Listed Shares in India As Indian investors expand their investment portfolios to include shares listed on foreign stock exchanges, it is crucial to be aware of the tax implications that may arise from such transactions. By understanding the tax rules and benefits, Indian residents can confidently navigate the complexities of selling shares on foreign stock exchanges.   Tax Classification: Long-Term vs. Short-Term Capital Gains Shares listed on […]