At almost ₹1.5 lakh crore, Goods and Services Tax (GST) inflows in December 2022 signal a recovery of sorts from November, when revenues fell to a three-month low. November 2022 revenues were 10.9% higher than a year ago, but still marked the slowest growth since June 2021. December’s revenues were …
Read More »Daily Archives: January 3, 2023
INVESTMENT OF $2,614 MILLION ON PE-VC FIRMS
Private Equity and Venture Capital (PE-VC) firms invested $2,614 million across 65 deals in Tamil Nadu-based companies in 2022. Of this 45 firms are headquartered in She state while the remaining 20 now have their base overseas but were headquartered here at some point and also have a substantial part …
Read More »DIFFERENCE BETWEEN SUBSTITUTION AND MODIFICATION OF GOVERNMENT SCHEMES
Highlighting the difference between substitution and modification, the Madras High Court has ruled that if a government scheme gets substituted by a new scheme, the old scheme cannot resurrect after a court of law strikes down the substitution. On the other hand, a modified scheme will certainly revert to its …
Read More »SC JUDGEMENT ON 2016 DEMONETISATION PROCESS
A majority of four judges on a Constitution Bench of the Supreme Court on Monday found no flaw in the Union government’s process to demonetise ₹500 and ₹1,000 banknotes through a Gazette notification issued on November 8, 2016. The sole woman judge on the five-member Bench, Justice B.V. Nagarathna, however, …
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