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Indexation

Indexation: The changes in the long-term capital gains (LTCG) tax regime, particularly the withdrawal of the indexation benefit, has emerged as one of the most contentious decisions announced in the Union Budget for 2024-25. Indexation is the process of adjusting the original purchase price of an asset or investment in order to neutralise the impact […]

Subvention Scheme

Subvention Scheme: The Supreme Court has provided relief to homebuyers in the National Capital Region (NCR) under the Subvention scheme. The Supreme Court has instructed banks not to take coercive action against individuals who have not received possession of their flats. Subvention Scheme involve a tripartite agreement between the buyer, banker, and developer. The buyer […]

Climate Finance Taxonomy

Climate Finance Taxonomy: Presenting the Union Budget for 2024-25, the Finance Minister announced that the government would develop a ‘climate finance taxonomy’. Climate Finance Taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments. It helps guide investors and banks in directing trillions toward impactful investments to tackle […]

International Centre For Audit Of Local Governance

International Centre For Audit Of Local Governance: The International Centre for Audit of Local Governance (iCAL) was inaugurated by the Comptroller and Auditor General (CAG) of India. iCAL, the first of its kind in India, aims to set global standards for auditing local governance bodies. iCAL will bring together policymakers, administrators, and auditors associated with […]