
Sikkim High Court Allows Refund of Unutilized ITC on Business Closure Under GST
Key Case Details: Significant Relief for Businesses Closing Under GST Law In a landmark ruling, the Sikkim High Court allowed SICPA India Private Limited and another petitioner to claim a refund of ₹4,37,61,402 in unutilized Input Tax Credit (ITC) after closing their business operations. The judgment clarifies an important area of GST...

India Considers Relaxing Foreign Ownership Rules to Boost Banking Sector Growth
RBI Signals Major Policy Shift India’s central bank, the Reserve Bank of India (RBI), is considering changes to bank ownership rules. This move could allow foreign investors to own larger shares in Indian banks. The decision comes as India’s economy grows fast, and overseas firms look for new investment opportunities. Recent Deals...

Former Odisha Principal Sentenced to Life for Deadly Wedding Gift Bomb Attack
A former college principal in Odisha, Punjilal Meher, has been sentenced to life imprisonment for sending a parcel bomb that killed a newlywed man and his great aunt in 2018. The tragic case, widely known as the “wedding bomb” incident, shocked the nation due to its brutal and unusual nature. The Fatal Wedding Gift Explosion...
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Asia FX Muted, Dollar Steadies As Fed Meeting Looms
January 31, 2023 • Views: 17
Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus. But most Asian units were set for strong gains in January amid expectations that the Fed will slow its pace …...
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Recent Posts
- Sikkim High Court Allows Refund of Unutilized ITC on Business Closure Under GST
- India Considers Relaxing Foreign Ownership Rules to Boost Banking Sector Growth
- Former Odisha Principal Sentenced to Life for Deadly Wedding Gift Bomb Attack
- Sikkim’s Golden Jubilee a National Milestone, Says CM Prem Singh Tamang