The Reserve Bank of India now permits banks to finance domestic company mergers and acquisitions. This reform updates capital market exposure guidelines. It aligns Indian banking with global standards. This opens new credit opportunities for banks. They can reclaim market share from non-bank lenders. Banks must develop specialized M&A advisory and underwriting skills. This policy change supports India’s corporate growth.
DGGI set to fire up GST recovery drive against gaming firms after Supreme Court’s backing
The Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court upheld a 28% GST levy