Accounting Reforms

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  Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption

  Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.

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  Donations Of Rs 9,188 Crore In Electoral Bonds In 6 Years, 57% For BJP: Report

  Electoral bonds generated donations worth over Rs 9,188 crore for all political parties put together till 2021-22, of which the BJP alone accounted for over 57 per cent as against the Congress' 10 per cent, data published by ADR said.

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  76% Of Regional Parties' Income Last Year Came From Unknown Sources: Report

  The income of regional political parties from unknown sources in the financial year 2021-22 amounted to Rs 887.55 crore, accounting for 76 per cent of their total earnings, according to the Association of Democratic Reform (ADR).

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  Apple, Foxconn Efforts Lead to Labour Reforms Ahead of Plans to Ramp Up Production in India: Report

  Apple and Foxconn, a major supplier for the Cupertino company, successfully lobbied for liberalisation of labour laws in Karnataka earlier in March, according to a report. Lobbying by Apple and Foxconn led to laws that allow 12-hour shifts and night-time work for women in the state.

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  BJP Declares Highest Income Among National Parties In FY 2021-22: Report

  Eight recognised national parties have declared a total income of Rs 3289.34 crore collected from all over India in the financial year 2021-22, with the BJP accounting for more than half of it.

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  Government To Introduce 16 New Bills In Winter Session Of Parliament

  The government has planned to introduce 16 new bills, including the one which seeks to increase accountability and reform electoral process in multi-state cooperative societies, in the Winter Session of Parliament beginning December 7.

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  Government Approves Computerisation of Primary Agriculture Credit Societies for Transparency, Accountability

  The Government on Wednesday approved the computerisation of all functional 63,000 Primary Agriculture Credit Societies (PACS) over the next five years. For the reform, the government has set up at a budget outlay of nearly Rs. 2,510 crore in order to improve efficiency, transparency and accountability in PACS' operations.

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  Advocacy Group Calls for Amendments in IT Rules to Reform Online Gaming for Children

  The paper mentioned how different states have interpreted laws on gaming differently causing confusion for legitimate players while unwittingly allowing illegal offshore players with no accountability in the country to operate with

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  Budget 2022: ICAI Seeks Tax, Accounting Reforms

  ICAI has sought about 14 tax and accounting reforms in the upcoming union budget, aimed at making laws simple, fair and less litigative

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  Deposit Insurance Reforms To Instil Confidence In Banking System: PM Modi

  Prime Minister Narendra Modi on Sunday said deposit insurance reforms undertaken by the government will instil confidence in account holders on the banking system.

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  FDI Inflows Jump 62% To $27.37 Billion In April-July 2021-22

  The government on Wednesday said that investment facilitation and ease of doing business taken on account of FDI policy reforms have resulted in increased inflows during the first four month of this financial year (April to July FY 2021-22).

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  Tax Reform Tops Agenda As G20 Finance Ministers Meet In Venice: Report

  The G20 members account for more than 80 per cent of world gross domestic product, 75 per cent of global trade and 60 per cent of the population of the planet

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  Facebook, Google CEOs Suggest Ways to Reform Section 230 of Communications Decency Act

  Facebook CEO Mark Zuckerberg laid out steps to reform a key Internet law saying that companies should have immunity from liability only if they follow best practices for removing damaging material from their platforms.

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  Budget 2021 Provides Stimulus For Long Term Sustainable Growth: Finance Minister

  Finance Minister Nirmala Sitharaman also said that infrastructure creation, continuing reforms, and transparency of accounts are major features of this year's budget.

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  RBI Allows Retail Investors To Open Gilt Accounts To Deepen Financial Markets

  This is a major structural reform placing India among select few countries which have similar facilities, RBI Governor said.