The EPFO has launched the VISHWAS, 2026 scheme, offering employers reduced damages to settle pending Employees' Provident Fund cases. Applicable for six months from June 29, 2026, it allows settlement for cases pending in court, partially paid, or where notice was issued but no order passed.
A KPMG in India-FICCI survey indicates positive business sentiment towards GST after 9 years, highlighting its maturity through digitization and transparency. However, businesses prioritize simplification, certainty, faster dispute resolution, and seamless credit flow for further reform.
Maharashtra's Pagdi system grants tenants long-term occupancy rights after a one-time premium, with nominal rent. While landlords retain ownership, tenants gain protected tenancy, transferable to heirs. Redevelopment of these buildings is complex due to divided rights and low rents, prompting a new government framework.
India's Goods and Services Tax (GST), rolled out in 2017, has significantly expanded the taxpayer base from 66.5 lakh to 1.65 crore, reflecting economic formalization. It has streamlined indirect taxation, digitized administration, and reshaped business operations and supply chains, leading to greater transparency and efficiency.
Hong Kong and Fujian have signed six agreements to enhance collaboration in finance, trade, tourism, and education. The pacts aim to finalize 28 projects across 11 sectors, encouraging Fujian businesses to list on Hong Kong's stock exchange.
China's "Total-to-Total" dispute resolution mechanism, led by the Supreme People's Court, integrates courts with industry associations and government departments to resolve civil and commercial disputes more efficiently. This approach leverages industry experts to handle specialized issues, reducing costs and improving outcomes for various disputes, from business leases to property management and personal injury cases.
Fujian Province's cross-strait maritime dispute resolution center in Xiamen has handled China's first "maritime mediation + cross-strait public welfare special arbitration" case, offering a new model for resolving maritime disputes between mainland China and Taiwan.
