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Policy Watch
Govt planning to implement stricter disclosure norms for independent directors

The government plans to put in place a stricter disclosure framework for independent directors, including providing details about their resignation from companies, as part of continuing efforts to bolster corporate governance standards.

 
 
E-commerce companies will have to deduct 1 per cent tax collected at source (TCS) from October 1 before making payments to their suppliers.
The decision will cost the exchequer Rs 2,000 crore and will provide the people a relief of Rs 2.5 per litre on petrol and diesel.
Vehicles using electricity or ethanol, biodiesel, CNG, methanol and biofuel need not apply for permits, said Union Road Transport Minister Nitin Gadkari.
 
 
The policy also aims to boost the telecom sector's contribution to 8% of GDP from 6% in 2017.
Currently, the capital sum insured (CSI) under this section for motorised two-wheelers and private cars/commercial vehicles is Rs 1 lakh and Rs 2 lakh, respectively.
The Sitharaman-led DAC has approved the procurement of the two regiments of Akash Missile Systems under 'Buy Indian' category from Bharat Dynamics Limited.
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