DGFT issued Clarification on Implementation of Paper Import Monitoring System
The Directorate General of Foreign Trade(DGFT) has issued Clarification on Implementation of Paper Import Monitoring System via issuing Circular.
The Circular Stated, “Import of products under Chapter...
Govt forms Cotton Council of India to bring tangible improvement in sector
The government has set up Cotton Council of India under the chairmanship of an industry veteran Suresh Bhai Kotak to resolve the issues related...
Drone Rules 2021 – 10 Key Points Analysed
New rules make it easier and cheaper to operate drones
The policy, a liberalized version of rules first announced in March, will exempt a drone...
Matrix Set to Launch First Abu Dhabi-regulated virtual assets trading platform
The first virtual assets trading platform that is fully compliant with the Abu Dhabi Global Market (ADGM) virtual asset policy framework, is set to...
19 Countries Which Give Citizenship Based on Investment for Indians
As India does not allow dual citizenship, India's investment migration market is primarily centred around residence-by-investment programs.
Up until a few years ago, India's market...
CA Firms Can Now Partner with CMA, CS, Advocates, Engineers, Architects, MBA’s – Major...
In line with Recent Inspiration from Hon'ble Prime Minister Shri Narendra Modi, the Institute of Chartered Accountants of India have provided a major Globalization...
SEBI discusses 100% shareholding in MII’s, norms for Independent Directors
The board of Securities and Exchange Board of India (SEBI) will meet in the last week of June to likely clear the annual accounts...
DHFL’s creditors denied the settlement proposal on commercial wisdom, says NCLT
Creditors of Dewan Housing Finance Corporation Ltd (DHFL) did not consider the settlement proposal by its promoter Kapil Wadhawan on its merits or with...
West Bengal United cooperative bank license cancelled by RBI
The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of the United Co-operative Bank Ltd, Bagnan in West Bengal as the...
India Pesticides Ltd(IPL) plans to raise IPO of Rs800 Crores on SEBI’s acknowledgement
Agrochemical company India Pesticides Ltd (IPL) has received capital markets regulator SEBI's nod to float an initial public offer (IPO). On February 10, the...
ONGC: Restructuring wouldn’t affect the company
Defending its business strategy, the state-run explorer, Oil and Natural Gas Corporation Ltd (ONGC) today said any "potential" restructuring of the company would not...
Second wave of Covid-19 could lead to Inflationary pressures: RBI
The second wave of covid-19 in India, if left uncontrolled, could lead to prolonged restrictions on movement and supply chain disruptions with consequent inflationary...
Tata vs Mistry case: Cyrus Mistry seeks review of SC verdict
The Shapoorji Pallonji Group has filed a review petition before the Supreme Court seeking review of its March 26 verdict in the dispute between...
Citibank’s India retail business valued at around $2 billion
Macquarie Research has valued Citibank’s India retail business at around $2 billion, based on their Basel III disclosures in the country. This makes India...
Foreign Direct Investment in Solar Energy Corporation of India(SECI)
Foreign Direct Investment (FDI) is a sort of investment that allows an entity to have controlling ownership in a business located in another country...
Action to be taken against the Agency who issued Safety Audit Report: Mumbai Fire...
Official said while Sunrise Hospital got the NOC from fire brigade, except the fire alarms and smoke detectors, no firefighting systems like sprinklers, hydrants,...
Representation of AT-1 Bonds as Super FDs by Yes Bank
Yes Bank and three members of its private wealth management team misled and manipulated investors to buy their risky additional tier-1 bonds, the market...
Tie up of Flipkart and Adani Logistics Ltd. to boost up Supply Chain
Flipkart, India’s leading homegrown e-commerce marketplace, Monday announced a strategic and commercial partnership with the Adani Group, India’s largest multinational infrastructure company. In this...
IIT Bombay : An amount of Rs300 Crore collected by SBI from Zero balance...
The IIT-Bombay study observed that the SBI's decision to levy a charge of Rs17.70 for every debit transaction beyond four by the BSBDA account...
Finance Minister demands Extension of the Debt Service Suspension Initiative(DSSI) for 6 Months to...
Finance minister Nirmala Sitharaman has pitched for an extension of the Debt Service Suspension Initiative (DSSI) by six months through December 2021 to continue...
Expanding the eligibility criteria for appointment of member of Adjudicating Authority under the Prohibition...
Dated: 1-2-2020
Budget 2020-21 + FINANCE BILL, 2020
The existing provisions of section 9 of the PBPT Act, inter-alia, provides that, a member of the Indian Revenue...
Amendment in the provisions of Act relating to verification of the return of income...
Dated: 01-02-2020
Budget 2020-21 + FINANCE BILL, 2020
Section 140 of the Act provides that in case of company the return is required to be...
Rationalisation of the provisions of section 49 and clause (42A) of section 2 of...
Dated: 01-02-2020
Budget 2020-21 + FINANCE BILL, 2020
Section 49 of the Act provides for cost of acquisition for the capital asset which became...
Non-taxpaying NRIs to be taxed in India
Non-resident Indians not paying taxes in any foreign country will now be taxed in India, the Union Budget for 2020-21 has proposed.At present, if...
Summary of Union Budget 2020-21
PART-A
Presenting the first Union Budget of the third decade of the 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms,...
Piyush Goyal to Revamp SEZ policy to meet challenges faced by exporters
Commerce and Industry & Railways Minister Piyush Goyal chaired a meeting yesterday in New Delhi to review the remaining recommendations of the Baba Kalyani...
PM invites Ideas and Suggestions for Union Budget 2020 | Chairs Meeting with Sectoral...
Prime Minister Shri Narendra Modi invited ideas and suggestions for the Union Budget 2020 on MyGov.
He said, “The Union Budget represents the aspirations of
130 crore...
Government to Disinvest Stake in MMTC, NMDC, MECON & BHEL
Cabinet approves ‘In Principle’ strategic disinvestment of equity shareholding of Minerals & Metals Trading Corporation Limited, National Mineral Development Corporation, MECON and Bharat Heavy...
Grant Thornton :- Rating Agencies Surrendered to IL&FS Key Employees
Grant Thornton was provided with forensic audit of the Whole IL&FS sage, to which they have issued a report. The copy of draft reported...