PAN 2.0 Project: The Future of India’s Tax Services Economic Boost with the New ₹1,435 Crore Investment The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the Income Tax Department’s PAN 2.0 Project, valuing ₹1,435 crore. This significant investment aims to technologically transform taxpayer registration services, promising: Ease of Access and Improved Service Delivery: Faster services with enhanced quality. Reliable Data Consistency: A single source of truth for taxpayers. […]

India plans to make carbon fibre in response to EU carbon tax. New Delhi: India is planning to manufacture carbon fibre for use in aerospace, civil engineering, and defence as an alternative to metal, two officials said, a move that will also help the country get around a proposed European Union carbon tax on steel, alloy and metal products. Currently, India does not produce any carbon fibre, relying entierly on imports from countries such as […]

Forging Policy Dynamism: IRDAI Chairman Sets Path for a Revamping Insurance Industry At the remarkable 16th Annual Banking, Financial Services and Insurance (BFSI) Summit and Awards 2024, Debasish Panda, the chairman of the Insurance Regulatory and Development Authority of India (IRDAI), made a significant announcement. He discussed plans to revamp the governing regulations in the insurance industry, catering more effectively to the evolving demands of the dynamic economic landscape. The Three-Year Sunset Clause: A Catalyst […]

SEBI Approach to Enabling Full-Fledged Short Selling SEBI has been cautiously approaching the regulation of short selling within Indian financial markets. While the board has commenced some initial actions, it seems that SEBI has only taken modest steps towards allowing full-fledged short selling operations. However, this process’s complexity necessitates deliberate, incremental implementation to mitigate potential risks associated with short selling. Permissive Approach and Regulatory Directives on Short Selling In an aid to stimulate the growth […]

Expanding Horizons: Benefits of Mutual Fund Distributors Registering as Insurance Brokers, Registered Investment Advisors, Stock Brokers Introduction: Mutual fund distributors play a crucial role in helping investors make informed decisions and achieve their financial goals. However, many distributors are now considering expanding their services by registering as insurance brokers, registered investment advisors, or even stock brokers. In this blog post, we will explore the benefits of such registrations and how they can enhance the offerings […]