Anuradha Shukla is a Senior Assistant Editor at The Quint. She specializes in a diverse range of topics including tech, consumer tech, real estate, aviation, finance, and energy, often focusing on commercial real estate, investment strategies, and the construction industry. Anuradha's insights and analyses have been featured in prominent publications such as The Economic Times, MSN, and MDPI.
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India (National)
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Anuradha Shukla's coverage indicates a focus on taxation, government policies, finance, and business within India. She appears particularly interested in government announcements and legal policy regulations related to taxation.
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By: Anuradha Shukla
Central agencies can now ban contractors from government projects for failing to pay worker wages or social security contributions. Repeat offenders may face a total ban, with the Department of Expenditure holding final authority on cross-government debarments. This aims to protect workers and ensure uniform enforcement.
India is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will review easing import curbs on key inputs and consider fresh duties on certain locally manufactured electronics. The government is also evaluating duty cut requests from the pharmaceutical and steel sectors.
The Finance Ministry will soon meet with states and central ministries to assess the economic and fiscal impact of El Nino. This review will focus on potential stress on agriculture, food inflation, and increased subsidy outgo. The government is preparing relief packages for vulnerable districts. This proactive approach aims to ensure adequate supplies and mitigate inflation spikes.
By: Sugata Ghosh, Anuradha Shukla
Indian financial authorities are examining large over-the-counter cryptocurrency trades. The Financial Intelligence Unit is requesting data from major crypto exchanges for transactions exceeding $10,000. This move aims to combat money laundering and track beneficial owners. These off-market deals are insulated from price volatility. The focus is on ensuring transparency and preventing illicit activities within the digital asset space.
The communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Research and Analysis by July 31.
While the Commission hasn't yet finalised its recommendations, early discussions suggest that the fitment factor could remain close to the 2.57 multiplier adopted by the Seventh Pay Commission, even as employee unions continue to push for a higher revision.
By: Anuradha Shukla
India's semiconductor ambitions are set for a major boost with the Expenditure Finance Committee approving nearly ₹1.20 lakh crore for the second phase of the government's chip programme. This significantly enhanced allocation aims to deepen domestic manufacturing, reduce import reliance, and expand support across the entire semiconductor ecosystem, including design and upstream capabilities.
By: Anuradha Shukla
The Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governance information. This intensified scrutiny follows the detection of discrepancies in filings with various regulators. Hundreds of trusts, particularly those receiving foreign funds, are facing queries to ensure money is used solely for approved charitable purposes, enhancing data for tax assessments.
By: Anuradha Shukla
Government vendors will receive payments within three working days starting August. All ministries will fully switch to electronic bill processing, replacing paper documents. This move enhances ease of doing business and reduces payment delays for contractors. The government aims for end-to-end digital processing of expenditure with system-driven workflows. Each payment claim will now carry an automatically generated reference number for improved traceability.
By: Anuradha Shukla
A GST Council proposal will protect buyers from losing input tax credit. This protection applies if suppliers fail to deposit taxes with the government. Buyers' credit will be safe if invoices are reported and payments are made through banking channels. Tax authorities will pursue defaulting suppliers for recovery instead of penalizing purchasers. This significant shift addresses a long-standing industry demand and is expected soon.
