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India has widened the ambit of anti-money laundering law by bringing in new reporting entities, and changed the way financial transactions are recorded, giving more powers to authorities as it prepares for a review by Financial Action Task…

In a move that would add to the compliance requirements for small and medium businesses under the GST regime while expanding the tax net, the Centre has made it mandatory for all businesses with an annual turnover of ₹5 crore to use…

To further tighten its control of practising accountants, the Centre has brought within the ambit of the Prevention of Money Laundering Act (PMLA) their “financial transactions” such as operating and managing their client firms and trusts,…

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Indian crypto exchanges will now have to report any suspicious activity related to buying or selling of cryptocurrency to the Financial Intelligence Unit – India (FIU-IND). File | Photo Credit: Reuters The story so far: On March 7, to…

Content red-flagged by PIB Fact Check or government authorised agency under the draft IT rules will not be applicable on TV news channels unless the information is posted on an online platform, Minister of state for electronics and IT…

Representational photo | Photo Credit: NAGARA GOPAL There is a greater need for Indian gold jewellery exporters to develop new markets as nearly 90% of exports now go only to just five countries, a World Gold Council report released on…

Ambit Finvest Pvt. Ltd., a non-banking financial company (NBFC) of Ambit Group, partnered with Damco Solutions for a successful implementation of the Salesforce-based customer relationship management (CRM) solution to transform their field…

Broadband India Forum (BIF) has asserted that Over-The-Top (OTT) communications service should be excluded from the elements mentioned in the definition of telecommunication services, as the industry body gave its submissions on the draft…

Toughening its stand against video communication and calling apps, the Centre has proposed to bring Meta-owned WhatsApp, Zoom, and Google Duo under the ambit of telecom license, as written in the draft of the Indian Telecommunication Bill…