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India’s Budget 2022-23 – key highlights

India’s Budget 2022-23 – key highlights

by Majmudar & Partners | Feb 1, 2022 | Authored by Ravi S. Raghavan, Policy & Governance Updates, Tax

Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2022, and the Finance Bill, 2022 (the “Finance Bill”) was tabled in Parliament.  The Finance Bill will be discussed in Parliament before its enactment, and therefore, it is likely that...
Reserve Bank of India announces tighter regulations for NBFCs in India

Reserve Bank of India announces tighter regulations for NBFCs in India

by Majmudar & Partners | Dec 8, 2021 | Banking and Finance

Non-Banking Financial Companies (NBFCs) form a major part of the financial system in India.  Some large NBFCs like Indiabulls Group and Bajaj Finance have an asset size of more than INR 1 billion. Scheduled commercial banks and fund houses usually lend...

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