- 20, Nov 2020
RBI working group suggests permitting large NBFCs to convert into bank
Divakar Vijayasarathy, founder and managing partner, DVS Advisors LLP, said, "Though the RBI committee recommended for conversion of NBFCs into banks, there have been reports in the past that the...
- 20, Nov 2020
Centre banking on tax recoveries to plug revenue loss
Despite a surge in October GST collections, the central government is still staring at a substantial shortfall in tax revenue. According to Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP,...
- 17, Nov 2020
Tax implications of NRI transferring money to wife’s bank account in India
Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP replies: Short-term capital loss on equity oriented mutual funds can be set-off against long-term capital gains of debt mutual funds. There...
- 17, Nov 2020
India favours bilateral free trade agreements over China-led RCEP
Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, said the RCEP deal was not favourable for India, particularly for its farming community. “RCEP was politically sensitive...
- 13, Nov 2020
Air pollution not only bad for health but for economy too; costs nearly double of India’s fiscal deficit
Divakar Vijayasarathy In the words of the Father of our nation, “action expresses priorities”, irrespective of our statements, what we do means where our focus is. Covid has taught us...
- 12, Nov 2020
Nirmala Sitharaman Highlights: Diwali gift for jobseekers, urban poor; employment scheme, housing support and more
The capital infusion of around Rs. 10,200 crores for specific sectors such as defence manufacturing, etc. is continuation of the steps to encourage domestic manufacturing. More than the Atma Nirbhar...
- 12, Nov 2020
Stimulus package 3.0: Special EPF scheme for those who hire new employees amid COVID-19
"Atma Nirbhar Bharat 3.0 has been announced in the backdrop of improving economic activity. This move would go a long way in reducing the cost of production viewed in toto...
- 09, Nov 2020
Govt exempts procurement of spare parts from OEMs from public procurement policy
Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, said the government’s decision is prudent as it allows procurement of spare parts from foreign OEMs because there...
- 08, Nov 2020
Biden regime may engage on equalisation levy, but India stance to remain unchanged, say experts
Unless a consensus is reached in OECD, unilateral levies would increase triggering trade tensions,” Divakar Vijayasarthy, managing partner at DVS Advisors cautioned.
- 08, Nov 2020
GST authorities will soon be able to intercept transactions by dubious firms
Data sharing between GST and income tax enforcement authorities on a quarterly basis and Central and the State GST administrative officers is already in place and the focus of compliance...