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In The Media

- 27, Nov 2020

Withdrawn money from EPF account? You need to report it in your IT returns

“In case of recognised provident fund (RPF), the withdrawal is exempt if the employee has completed five years of continuous service. In case of less than five years, the withdrawal is tax exempt if the employment is discontinued by reason...

- 25, Nov 2020

Cabinet approves equity infusion of ₹6,000 crore into NIIF

"This is a move to tap the debt market, the potential of which has not yet been optimally utilised. Total funding to the tune of Rs. 1.1 lakh crore would be done to the national infrastructure pipeline comprising both of...

- 25, Nov 2020

No cap on withdrawal after Lakshmi Vilas Bank’s merger with DBS Bank, says centre

"Any case for loss of depositor's savings could lead to bank runs and erosion of confidence across the banking system, therefore this move was necessitated in the larger interest of the sector and economy," said Divakar Vijayasarathy, founder and managing...

- 20, Nov 2020

RBI working group suggests permitting large NBFCs to convert into bank

Divakar Vijayasarathy, founder and managing partner, DVS Advisors LLP, said, "Though the RBI committee recommended for conversion of NBFCs into banks, there have been reports in the past that the Board of Financial Supervision of RBI has in principal decided...

- 20, Nov 2020

Centre banking on tax recoveries to plug revenue loss

Despite a surge in October GST collections, the central government is still staring at a substantial shortfall in tax revenue. According to Vijayasarathy, Founder & Managing Partner, DVS Advisors LLP, “In comparison with the previous year, we can expect the...

- 17, Nov 2020

Tax implications of NRI transferring money to wife’s bank account in India

Divakar Vijayasarathy, Founder and Managing Partner, DVS Advisors LLP replies: Short-term capital loss on equity oriented mutual funds can be set-off against long-term capital gains of debt mutual funds. There is no restriction on the type of mutual funds for...

- 17, Nov 2020

India favours bilateral free trade agreements over China-led RCEP

Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, said the RCEP deal was not favourable for India, particularly for its farming community. “RCEP was politically sensitive issue since access to India’s dairy market would have been...

- 13, Nov 2020

Air pollution not only bad for health but for economy too; costs nearly double of India’s fiscal deficit

Divakar Vijayasarathy In the words of the Father of our nation, “action expresses priorities”, irrespective of our statements, what we do means where our focus is. Covid has taught us what can be done with collective deliberate action. India, at...

- 12, Nov 2020

Nirmala Sitharaman Highlights: Diwali gift for jobseekers, urban poor; employment scheme, housing support and more

The capital infusion of around Rs. 10,200 crores for specific sectors such as defence manufacturing, etc. is continuation of the steps to encourage domestic manufacturing. More than the Atma Nirbhar Bharat 1.0 & 2.0, the third package can be expected...

- 12, Nov 2020

Stimulus package 3.0: Special EPF scheme for those who hire new employees amid COVID-19

"Atma Nirbhar Bharat 3.0 has been announced in the backdrop of improving economic activity. This move would go a long way in reducing the cost of production viewed in toto with the PLI scheme and other announcements," said Divakar Vijayasarathy,...

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