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SC Underscores RBI Remit on NBFCs Interest Rates Notwithstanding State Legislations

The Supreme Court has finally put to rest the uncertainty around the applicability of state legislations on non-banking financial companies (NBFCs) by underscoring the importance of the Reserve Bank of India (RBI) as the regulator and supervisor of NBFCs in India,

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Supreme Court ruling on NBFCs removes key regulatory overhang: CRISIL

The recent ruling by the Supreme Court that underscores the primacy of the Reserve Bank of India (RBI) as the regulator and supervisor of the non-banking financial companies (NBFCs), has removed a key regulatory overhang, rating agency CRISIL said on Monday.

Krishnan sitaramanSupreme courtReserve bankKerala money lenders actGujarat money lenders actSenior directorDeputy chief ratings officerMaster circularsMaster directionsEws india

Supreme Court ruling on NBFCs removes key regulatory overhang: CRISIL

Supreme Court ruling on NBFCs removes key regulatory overhang: CRISIL
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Krishnan sitaramanSupreme courtReserve bankKerala money lenders actGujarat money lenders actSenior directorDeputy chief ratings officerMaster circularsMaster directions

NBFCs Cannot Be Regulated By State Enactments SC

A bench of Justices Hemant Gupta and V Ramasubramanian said NBFCs play a very vital role in contributing to the financial health of the country whose operations are controlled by RBI, , supreme court, nbfcs, state enactments

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Tax sops for green buildings, electric vehicles

Tax sops for green buildings, electric vehicles Updated: Updated: VAT on CNG, LNG reduced from 14.5% to 5% Share Article VAT on CNG, LNG reduced from 14.5% to 5% Tax concessions on environmental-friendly buildings, reducing Value Added Tax (VAT) on Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) from 14.5% to 5% and a reduction of 50% in motor vehicle tax for newly registered electric vehicles for five years have been mooted in the 2021-2022 Budget presented by Finance Minister T.M. Thomas Isaac on Friday. In a bid to attract investors to the State, the 10% electricity duty on electricity charges will be exempted for new industrial investments for five years.

Tamil naduTm thomas isaacHigh courtValue added taxCompressed natural gasLiquefied natural gasLuxury taxSurcharge actKerala agriculture income taxCity gasKerala money lenders actKerala flood cessதமிழ் நாடும் தாமஸ் ஐஸ்யாக்உயர் நீதிமன்றம்மதிப்பு வரி