Filing Income Tax Returns: A Comprehensive Guide for FY24 Mandatory Filing of Returns In the new fiscal year 2024 (FY24), individuals in India need to carefully assess whether they meet the criteria for mandatory filing of income tax returns (ITR). Understanding the requirements can help avoid penalties and ensure compliance with tax regulations. It’s essential to consider the following factors: Total Income Considerations For FY24, the basic exemption limits are as follows: ₹2.5 lakh under […]

Banks Seek Waiver for MSME Loans In light of the recent developments in the banking sector, banks are contemplating reaching out to the Reserve Bank of India (RBI) and the finance ministry to request an exemption for loans extended to micro, small, and medium enterprises (MSMEs) from the proposed provisioning regulations for infrastructure project financing. The goal is to safeguard the interests of MSMEs, recognizing their significant presence in the infrastructure landscape. As the government […]

Understanding ESG Ratings and Their Importance to Investors In the last few weeks, about half a dozen entities have received approval from the Securities and Exchange Board of India (Sebi) to provide Environmental, Social, and Governance (ESG) ratings. These certifications include units of Credit Rating Agency (CRA) ICRA, CRISIL, and Care Edge, as well as proxy advisory firms, Stakeholders Empowerment Services (SES), and Institutional Investor Advisory Services (Ilias). Several firms, including units of MSCI and […]

Private Credit in India: Features, Benefits, and Regulatory Challenges Private credit in India has rapidly undergone transformational changes in recent years. Institutional investors now fund private credit, offering a strategic capital infusion avenue for startups and early-stage businesses. The higher interest rates, combined with flexible repayment structures, provide a compelling alternative to traditional lending sources. Unveiling the Potentials Private credit is transforming the Indian financial ecosystem by creating unique opportunities for cash-strapped startup companies. In […]

Sebi Introduces New Requirements for Alternative Investment Fund Managers The Securities and Exchange Board of India (Sebi) has issued a new circular making it mandatory for at least one key member of an Alternative Investment Fund’s (AIF) investment team to have the relevant certification from the National Institute of Securities Market (NISM). The move comes as part of Sebi’s efforts to strengthen the regulatory framework for managing AIFs. Below is an overview of the new […]