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BusinessPhoto: Deccan Herald

GST Council Proposes Lighter Penalties and Faster Refunds

On October 8, the GST Council held its 57th meeting after over a year, proposing key reforms to ease compliance for taxpayers. Measures include automatic acceptance of most registration amendments, simplified registration for small e-commerce sellers, faster refunds, late fee waivers, and an overhaul of arrest and prosecution powers. A comprehensive circular on GST registration documents and FAQs was also proposed.

Deccan Herald·

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BusinessPhoto: Business Standard

Around 1,000 Ex-Flipkart Employees Seek Stock Option Liquidity from Walmart

Nearly 1,000 former employees of Flipkart and its group companies have petitioned the boards of Walmart and Flipkart for clarity on the ecommerce firm's IPO timeline. They seek liquidity for their vested employee stock options, which remain locked due to listing uncertainties. The petition, dated October 10, gathered over 500 signatures within 24 hours and includes former staff from Flipkart, Myntra, Cleartrip, Shopsy, Supermoney, and ANS.

Business Standard·

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BusinessPhoto: Mint Markets

Indian Shares Rise as Oil Prices Fall and RBI Supports Rupee

Indian shares are set to open higher following their longest weekly losing streak in 25 years, aided by a drop in oil prices and new RBI measures to support the rupee. Brent crude fell 1.6% after a Russia-Ukraine energy ceasefire eased supply concerns. RBI redirected oil companies' dollar purchases and tightened hedging rules to stabilize the currency and improve market sentiment.

Mint Markets·

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PoliticsPhoto: TOI Entertainment

Shekhar Suman Supports Peaceful CJP Protests

Shekhar Suman expressed support for the ongoing CJP protests, emphasizing the importance of peaceful demonstrations in society and politics. He referenced Mahatma Gandhi's philosophy, highlighting that collective dissent is vital for addressing grievances. Suman stated that protests should be seen as legitimate, especially when opposition parties question their credibility.

TOI Entertainment·

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PoliticsPhoto: Hindustan Times

CJP Leaders Seek New Date for Protest; Opposition to March Supreme Court

Cockroach Janta Party (CJP) leaders, including Saurav Das, plan to visit Parliament Street Police Station at 10 am to request a date for a peaceful protest at Jantar Mantar. Meanwhile, the INDIA bloc is organizing a march to the Supreme Court as part of ongoing demonstrations in Delhi.

Hindustan Times··Delhi

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PoliticsPhoto: News18 Hindi

Gurugram Survey Finds 25,000 Properties Linked to One PAN

During an income tax survey in Badshahpur Tehsil, Gurugram, discrepancies were found in records of 25,000 properties linked to a single PAN number. Transactions worth ₹55,000 crore are now under investigation due to these irregularities, highlighting potential large-scale land deal fraud.

News18 Hindi··Gurugram

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