Infosys’ internal conflicts, RBI’s neutral stance, Withdrawal Limits update- Weekly Digest #34

Monday- 6th February 2017 Tata Sons removed former chairman Cyrus Mistry from its board, marking the end of another phase in the months-long battle. The motion received 80% assent. Telecom Commission has questioned TRAI over methods and basis of charging the penalty of ₹3050 crores on Airtel, Idea and Vodafone for failing to provide adequate points of …

CBI arrests IDBI Chairman, SEBI’s recommendations to FinMin, RBI rejects EC’s plea- Weekly Digest #32

Monday- 23rd January 2017 The SEBI has asked the Finance Ministry to ease tax rules for stock trading and investments in mutual funds, to help give the equity market a boost. It has suggested lowering the securities transaction tax (STT) for stock trading and reducing the holding period for debt mutual funds to 12 months …

GST deadline postponed, ATM withdrawal enhanced, Flipkart devalued- Weekly Digest #31

Monday- 16th January 2017 The government is expected to roll out GST by 1st July 2017 as it finally reached an agreement between Centre and State over administration issues. 90% of assessees with turnover up to ₹1.5 crore will be scrutinised by state and balance 10% by Centre. Remaining assessments will be in 50:50 ratio. ATM withdrawal …