Government of india

In 2012, the finance ministry of the Government of India amended the Income Tax Act to tax capital gains from indirect corporate transactions. This law was applied retrospectively, permitting the finance ministry to tax companies for similar transactions in the previous half a century and creating consternation among foreign investors. The ministry decided to dispense with this in August 2021. Despite the altered legal position that this law will apply prospectively instead of retrospectively, the woes of the ministry are not over.

Technology has had a disruptive effect on the delivery of fi nancial services, and adoption of digital solutions could help accelerate fi nancial inclusion. This article creates a road map for digital fi nancial inclusion in India using the framework based on the eight high-level principles of G-20 nations. While evaluating the progress under each one of these principles, the article concludes with policy recommendations both on supply and demand sides to achieve the coveted digital fi nancial inclusion.

The Government of India is seeking an intellectual property rights waiver under Sections 1 (copyright and related rights), 4 (industrial designs), 5 (patents), and 7 (protection of undisclosed information) of the Agreement on Trade-Related Aspects of Intellectual Property Rights. Seeking an IPR waiver is based on the presumption that it will allow more firms to manufacture vaccines and medicines, thereby enhancing their availability at a cheaper price. However, IPR waivers for COVID-19 vaccines and medicines are unlikely to make any difference. A more effective approach is to use compulsory licences, and reduce tariffs and non-tariff measures.

This study gives insights into the financial inclusion and fintech performance of Telangana urban cooperative banks, based on a primary survey carried out among UCB officials. More than 60% of the UCBs are found to cater to slum dwellers and micro, small and medium enterprises. But a clear gender gap is evident in terms of account ownership and access to credit.

The Central Civil Services (Conduct) Rules, 1964, which apply to all public servants in the country, date from colonial times and are reflective of a colonial mindset. Civil servants no longer want to be treated as unruly kids ignorant of their roles and responsibilities. These dated rules must be consigned to the dustbin of history and replaced by a new code of ethics based on self-regulation, accountability, and transparency.