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Policy Watch

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Cut your luggage! DGCA mulls allowing airlines to charge for check in baggage

Jun 26, 2015

Cut your luggage! DGCA mulls allowing airlines to charge for check in baggage

The Directorate General of Civil Aviation (DGCA) has recently received proposals in this regard from as many as three low-cost carriers. #Business #Aviation #SpiceJet #GoAir #IndiGo #PolicyWatch #Luggage charge #Zero baggage fare
RBI allows banks to borrow from foreign institutions without its nod

Jun 25, 2015

RBI allows banks to borrow from foreign institutions without its nod

The flexibility has been provided for international/ multilateral financial institutions of which Indian government is a shareholding member or which have been established by more than one government or have shareholding by more than one government and other international organisations. #RBI #Banks #PolicyWatch #NBFC #Money Transfer Service Schemes
Easier listing norms will benefit firms like us, says Snapdeal's Kunal Bahl

Jun 24, 2015

Easier listing norms will benefit firms like us, says Snapdeal's Kunal Bahl

In 2013, Snapdeal co-founder and chief executive officer Kunal Bahl had talked of a US listing without disclosing any deadline. #Business #SEBI #PolicyWatch #UK Sinha #Snapdeal #Kunal Bahl
Simplified income tax returns forms notified: Deadline for filing 31 Aug, Aadhaar number mandatory

Jun 24, 2015

Simplified income tax returns forms notified: Deadline for filing 31 Aug, Aadhaar number mandatory

The new ITRs have replaced the 14-page form that were notified earlier this year, triggering a major controversy with individuals, industrialists and MPs saying tax filing would become cumbersome as those forms had sought details including foreign trips and bank accounts details. #Economy #finance ministry #Aadhaar #PolicyWatch #Income tax #Aadhaar scheme
Start-ups get a funding boost: Sebi sets easier IPO norms, halves listing time to six days

Jun 24, 2015

Start-ups get a funding boost: Sebi sets easier IPO norms, halves listing time to six days

The Sebi board also decided to allow a larger number of companies to raise funds through a 'fast-track' process. #SEBI #IPO #FPO #PolicyWatch #UK Sinha #ASBA #startup listing #institutional trading platform
All I-T refunds to be put directly in bank accounts: CBDT

Jun 23, 2015

All I-T refunds to be put directly in bank accounts: CBDT

The department is also planning to fully adopt and use banking services to end the current system of sending I-T refunds over the value of Rs 50,000 via cheques through the postal department. #Income Tax Department #CBDT #Anita Kapur #PolicyWatch
Sebi asks firms to keep IPO funds in banks till utilisation

Jun 23, 2015

Sebi asks firms to keep IPO funds in banks till utilisation

Depositories have been advised to implement risk management policy. It has been suggested to popularise e-KYC among depository participants. #SEBI #IPO #PolicyWatch #e-KYC
FMC to merge with Sebi by September, says UK Sinha

Jun 23, 2015

FMC to merge with Sebi by September, says UK Sinha

Sinha said that after FMC's merger with Sebi, the capital market watchdog's approval is required if a commodity exchange wants to function as equity bourse as the process would not be automatic. #SEBI #Arun Jaitley #PolicyWatch #UK Sinha #FCRA #Forward Markets Commission
Sebi relaxes listing, fund-raising norms for start-ups

Jun 23, 2015

Sebi relaxes listing, fund-raising norms for start-ups

Sebi has also provided for reclassification of promoters as public investors provided they let go all their special rights, including voting powers, and do not own more than 10 percent stake. #SEBI #PolicyWatch #Small and medium enterprises #UK Sinha #ITP
Compliance window under black money law soon: Jaitley

Jun 19, 2015

Compliance window under black money law soon: Jaitley

The minister further clarified that those who will not make use of the compliance window to come clean will have to pay a tax of 30 percent, penalty of 90 percent and face prosecution. #Economy #Black money #Arun Jaitley #Tax #PolicyWatch