BUSINESS

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 …

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, …

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, …

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 …

Piyush Goyal, Minister of Commerce and Industry & Railways and H.E. Tran Tuan Anh, Minister of Industry and Trade of Vietnam co-chaired the 17th ASEAN-India Economic Ministers Consultations held virtually on 29th August 2020. The meeting was attended by the Trade Ministers of all the 10 ASEAN countries Brunei, Cambodia, …

The GST Council, in its 39th meeting held on 14th March 2020, had recommended to adopt and implement the incremental approach of linking the present system of filing of GSTR-3B and GSTR-1 and other significant changes like enhancements in GSTR-2A and its linking to GSTR-3B. One such enhancement that the …

Commerce and Industry Minister Piyush Goyal today held virtual meeting with the industry ministers of states, UT administrators and senior officers of the central and State Governments. The issues of pushing industrial manufacturing in the country, attracting investments, pushing the approach of ‘One District One Product’ (ODOP), and promoting a …