The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, was passed by the Lok Sabha on 7th August, 2026, subsequent to its passing by the Rajya Sabha on 3rd August, 2026. The Micro, Small and Medium Enterprises Development Act (MSMED Act) was notified in 2006 and has completed 20 years of its enactment. Over […]

India is witnessing major business and regulatory developments that will impact merchants, consumers, and industries. The government is proposing a Merchant Discount Rate (MDR) of 0.25%–0.35% on UPI transactions above ₹2,000, making merchants responsible for digital payment processing costs. Meanwhile, the Supreme Court of India has directed the Reserve Bank of India (RBI) to implement […]

India has announced a series of major business and financial reforms that are expected to reshape trade, investment, banking, and taxation. The government has allowed business-to-consumer (B2C) e-commerce under Foreign Direct Investment (FDI) for export purposes, enabling global companies such as Amazon to procure goods from Indian manufacturers, maintain inventory, and export products worldwide, boosting […]

The Government is expected to introduce the new MSME Bill during the upcoming Monsoon Session of Parliament to address the long-standing issue of delayed payments to Micro, Small and Medium Enterprises (MSMEs). The proposed legislation aims to improve payment discipline, strengthen cash flow and enhance the financial stability of MSMEs across India. In another significant […]

India’s financial and regulatory landscape continues to evolve with significant developments for businesses and investors. Following the Supreme Court’s May 2026 judgment on online gaming, GST demand notices involving nearly ₹2 lakh crore have sparked industry concerns over retrospective tax provisions and investor confidence. Meanwhile, RBI has highlighted solvency concerns in select general insurance companies, […]

The Income Tax Return (ITR) filing season for Assessment Year (AY) 2026–27 brings important compliance requirements for Resident and Ordinary Resident (ROR) taxpayers. Individuals holding foreign assets must disclose complete details of overseas investments, bank accounts, shares, financial interests, and other foreign holdings in their income tax returns. As many countries follow the calendar year […]

1 July 2026: As India marks 10 Years of GST, the tax ecosystem enters a new phase focused on AI-powered GST Compliance, Faster GST Refunds, Data Sharing, and Process Simplification. The integration of GST, Income Tax, and Customs data is expected to strengthen tax transparency, reduce tax evasion, and improve compliance for businesses. Taxpayers are […]