BUSINESS

The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major tax evasion, sensitive & search matters, International tax and Black Money Act. …

The Department of Expenditure, Ministry of Finance, has granted permission to raise additional financial resources of Rs. 9,913 crore to 5 (five) States through Open Market Borrowings (OMBs). These States are Andhra Pradesh, Telangana, Goa, Karnataka and Tripura. This permission has been accorded after these States successfully met the reform …

Union Commerce and Industry & Railways Minister Piyush Goyal today took part in the virtual meeting of the G-20 Trade and Investment Ministers. Making interventions during the meeting, he called upon G-20 to play a leadership role in crafting a pathway to recover from COVID19, he said that one of …

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 …

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, …

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 …

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 …

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 …

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 …

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 …