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The Economic Times Large offshore investment write-offs trigger RBI alert

The Reserve Bank of India is scrutinizing large write-offs of overseas investments by several companies, suspecting these might not be genuine business decisions. Concerns arise as some firms may have used the 'overseas direct investment' route to transfer funds abroad, bypassing regulations. The RBI is ensuring compliance with mandatory audit reports and valuation confirmations to validate the legitimacy of these investments. New overseas investment rules from August 2022 allow automatic write-offs, but recent cases under review are from prior to 2022. The RBI's vigilance aims to uncover potentially fraudulent fund movements.

The Economic Times SME IPOs see manic rise in retail interest

What was seemingly a very shallow and restricted market of less than 500 interested parties for each share sale on average four years ago now draws applications that run into six figures. Statistics show from just 408 applicants on average in FY20 and 511 in FY21, these SME IPOs drew a staggering 2,19,000 applications so far in FY25.

The Economic Times Indian CEOs highest among executives suffering from imposter syndrome

CEO imposter syndrome is on the rise in India, with 73% of CEOs feeling stretched beyond their abilities due to rising pressures from company promoters and boards, regulatory risks, and constant digital scrutiny. Despite this, 89% state they are competent in their roles and 84% feel fulfilled in their current jobs.

The Economic Times Will GST Council give relief on life insurance premiums?

The GST Council is expected to exempt term life insurance policies from the GST while continuing to apply the tax on insurance policies with an investment component.

The Economic Times GST Collection up by 10% at Rs 1.75 Lakh Crore in August

The CGST collections rose to Rs 30,862 crore, while SGST collections increased to Rs 38,411 crore. IGST, which includes revenues from imports, surged to Rs 93,621 crore, and cess collections amounted to Rs 12,068 crore.