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Income Tax Department carries out searches in Jammu & Kashmir

Income Tax Department carries out searches in Jammu & Kashmir

The Income Tax Department carried out a search and seizure operation on a prominent Hotelier, owning a chain of Hotels at Srinagar, Gulmarg, Sonamarg and Pahalgam with another hotel under construction at Leh. Various incriminating documents and materials evidencing unexplained investments in immovable properties, construction of hotels and residences aggregating …

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Piyush Goyal says double digit growth in exports last week shows that country is showing rapid recovery

Piyush Goyal

Minister of Railways and Commerce & industry Piyush Goyal has called for aiming for the target of $500 billion of service exports.Addressing the inaugural session of CII’s India-UK Annual Conference virtually today, he said that this is imminently doable. “We are all confident that under Prime Minister Narendra Modi’s leadership, …

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Startup Innovative Venture Generic Aadhaar emerging as a Brand Identity in India says, Founder Arjun Deshpande

Startup Innovative Venture Generic Aadhaar emerging as a Brand Identity in India says, Founder Arjun Deshpande

Generic Aadhaar was Started by a sole mission of making medicines available to every Indian, a 16-year-old set his eyes on the pharma industry. At this novel age, Mr. Arjun Deshpande, one of India’s youngest and most dynamic entrepreneurs founded this innovative venture, Generic Aadhaar. They have multiple outlets shortly …

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ADB & India Sign $500 Million Loan for Delhi-Meerut RRTS Corridor

ADB & India Sign $500 Million Loan for Delhi-Meerut RRTS Corridor

The Asian Development Bank (ADB) and the Government of India today signed a $500 million loan, the first tranche of a total $1 billion facility, to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India’s national capital region …

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Piyush Goyal says country’s Exports and Imports are showing positive trends; Trade deficit is narrowing

piyush_goyal

Union Minister of Commerce and Industry Piyush Goyal today met the Office-bearers of various Export Promotion Councils (EPCs), to discuss the issues concerning the country’s global trade, ground level situation, and problems being faced by the exporters. Goyal has been holding a series of discussions with the EPCs, particularly since …

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Income Tax Department carries out searches in Srinagar and Kupwara

Income Tax Department carries out searches in Srinagar and Kupwara

The Income Tax Department has carried out simultaneous search and seizure operations on 2nd September, 2020 in the case of three prominent businessmen in Srinagar and Kupwara. These operations have, prima facie, led to the detection of huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and …

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Cabinet approves MoU between India and Japan for cooperation in the field of good quality textiles

ministry of textiles

The Union Cabinet chaired by the Prime Minister, Narendra Modi has approved for signing of a Memorandum of Understanding between Textiles Committee, India and M/s Nissenken Quality Evaluation Centre, Japan for improving quality and testing of Indian textiles and Clothing for the Japanese market. The MoU would enable M/s Nissenken …

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Australia-India-Japan Ministers’ meeting on Supply Chains Resilience held;

Ministry of Commerce & Industry

India’s Minister of Commerce and Industry, Piyush Goyal, Australia’s Minister for Trade, Tourism and Investment, Senator Mr Simon Birmingham, and Japan’s Minister of Economy, Trade and Industry, Mr Kajiyama Hiroshi held a ministerial video conference today. The Ministers reaffirmed their determination to take a lead in delivering a free, fair, …

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Japan’s commits Rs 3,500 crore (approx.) as Official Development Assistance for health sector to fight the COVID-19 crisis in India

Japan’s commits Rs 3,500 crore (approx.) as Official Development Assistance for health sector to fight the COVID-19 crisis in India

The Govt. of Japan has committed Official Development Assistance loan of an amount of JPY50 billion (approx. Rs. 3,500 crore) for the COVID-19 Crisis Emergency Response Support. The Notes were exchanged today between Dr. C.S. Mohapatra, Additional Secretary, Department of Economic Affairs, Government of India, and Mr. Suzuki Satoshi, Ambassador, …

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Finance Minister Nirmala Sitharaman to Review with Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans

Finance Minister Nirmala Sitharaman to Review with Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman will review with the top management of Scheduled Commercial Banks and NBFCs, the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday, 3rd September 2020. The review will focus on enabling businesses and households to avail …

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