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If you hold FDs in two merging banks the insurance of your deposits may halve post-merger

It is quite a big task when two banks are being merged either forcibly or voluntarily. There has been few cases of bank mergers in India and some of them were due to Reserve Bank of India s direction and some were due to business needs. Regardless of the reason of merger, the deposit insurance amount would get impacted once the merger between two or more banks happen.

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Gaming firms may use grey area in GST law to challenge `retrospective taxation: Sources

Officials say the centre will leave it to the courts to decide whether the notices sent for the period prior to October 1 for 28 percent GST are valid or not.

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GST Council: 18% tax on parent company s guarantee to subsidiary, waives tax for director s personal guarantees

GST Council: 18% tax on parent company s guarantee to subsidiary, waives tax for director s personal guarantees
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IBBI discussion paper suggests changes in insolvency process for personal guarantors to corporate debtors

Calls for appointment of common resolution professional for the two; experts welcome move

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Is retrospective taxation back for gaming firms? Maybe in essence, but not in law

The government says the tax notices follow a clarification of the law rather than a change and the demand for dues is not retrospective in nature.

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