Govt launches (DIA scheme) Diamond Imprest scheme to boost exports protect domestic industry Government Launches Diamond Imprest Scheme to Boost Exports and Protect Domestic Industry Introduction In an effort to sustain India’s leadership in the global diamond sector, the Department of Commerce has announced the new Diamond Imprest Authorization (DIA) Scheme. Set to be implemented in April, this initiative aims to revitalize the diamond industry, which has been facing declining exports and job losses. Key […]

Enhanced budget support for small businesses, startups on cards Enhanced Financial Support for Startups and Small Businesses in 2025-26 Union Budget The Union Budget for 2025-26 is anticipated to significantly bolster financial support for startups and small businesses, which constitute nearly one-third of India’s economic output. The central government is committed to ensuring these enterprises receive sufficient working capital, trade finance, and growth funds on favorable terms. Key Financial Support Measures Government Initiatives The anticipated […]

GSTN Issued Advisory and Process of Filing of Form GST SLP-02 for Claiming Waiver Under Section 128A Advisory on Filing Form GST SLP-02 for Waiver Under Section 128A As recommended by the GST Council at its 53rd meeting, Section 128A of the CGST Act was introduced to offer relief to taxpayers from interest or penalties related to notices issued under section 73 of the CGST Act for the financial years 2017-18, 2018-19, and 2019-20. To […]

Apex drugs regulator plans to up risk-based inspection, monitoring, sampling, enforcement to check spurious drugs Strengthening Drug Safety: India’s Apex Drugs Regulator Plans Risk-Based Inspections and Monitoring The Indian pharmaceutical landscape is renowned for its vast scale, contributing significantly to both domestic consumption and global exports. However, the specter of spurious drugs—counterfeit, substandard, or falsified medicines—poses a serious threat to public health. In a significant move to combat this menace, India’s apex drugs regulator has […]

Is the fintech sector in India under a regulatory siege?   Is the Fintech Sector in India Under a Regulatory Siege? The fintech sector in India has seen explosive growth over the past decade, becoming one of the most dynamic and innovative fields in the nation’s economy. With a burgeoning number of startups and large-scale investments pouring in, fintech companies in India have revolutionized how financial services are delivered. However, with rapid growth often comes […]