Nitin Gupta Appointed NFRA Chairperson

26 Jul 2025 CW Team

Shri Nitin Gupta, IRS (Retd.), has taken charge as Chairperson of the National Financial Reporting Authority (NFRA) as of 23 July 2025. A former Chairman of the Central Board of Direct Taxes (CBDT) from June 2022 to June 2024, Mr Gupta brings over three decades of experience in income tax administration and policy.

During his tenure at CBDT, Mr Gupta spearheaded major technology-driven reforms, including automation, faceless assessments, and improved taxpayer services. He was instrumental in deploying artificial intelligence and big data analytics to boost compliance and transparency. These efforts contributed to a record rise in the direct tax-to-GDP ratio and steady year-on-year growth in tax revenue.

Three new Full-Time Members have also assumed office at NFRA: Ms Smita Jhingran, IRS (Retd.); Shri P Daniel, IDES (Retd.); and Shri Sushil Kumar Jaiswal, IA&AS (Retd.).

Ms Jhingran previously served as Full-Time Member at NFRA and was key in harmonising India’s auditing and accounting standards with international norms. She has also held senior roles in the Income Tax Department and was formerly Secretary at the Competition Commission of India.

Shri P Daniel, previously Secretary at the Central Vigilance Commission, has led reforms in preventive vigilance, transparency, and governance across public sector undertakings and central ministries. He also played a key role in defence land digitisation during his service at the Directorate General of Defence Estates.

Shri Sushil Kumar Jaiswal brings deep expertise in audit and public finance. As former Director General of Audit (Central Receipts), he supervised audits of central tax authorities and led audit reforms. Internationally, he conducted audits for UN peacekeeping missions and global agencies like WFP, FAO, and UNOPS.

The Secretary, Ministry of Corporate Affairs, administered the oath of office and secrecy to the newly appointed Chairperson and Members during a formal ceremony held on 23 July 2025.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..