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The Central Board of Indirect Taxes & Customs (CBIC) today clarified that the Notification No. 63/2020-Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations. However, it has assured that no recoveries shall be made for the …
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Punjab National Bank Ltd. (PNB) has informed the Ministry of Corporate Affairs (MCA) which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries. Upon liquidation of the debtors’ assets by the …
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Addressing the captains of the Indian Industry, Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman stressed that structural reforms are a key priority of the government as has been reflected in the slew of measures & policies announced since outbreak of COVID-19. Every policy which was introduced had a …
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The Government of India, the Government of Maharashtra, Mumbai Railway Vikas Corporation and the Asian Infrastructure Investment Bank (AIIB) today signed a loan agreement for a $500 million Mumbai Urban Transport Project-III to improve the network capacity, service quality and safety of the suburban railway system in Mumbai. The Project …
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Prime Minister Narendra Modi today held a meeting with senior Ministers and officials to discuss ways to boost manufacturing and global imprint of Indian toys. Prime Minister said India is home to several toy clusters and thousands of artisans who produce indigenous toys which not only have cultural connect but …
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The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various locations in Bhopal. The key person of one of the groups covered used to run a bangles shop. Another person covered is a property builder/developer and is also running a cricket academy. During the course …
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Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, today held Video Conference with Secretaries of the Ministries of Shipping, Road Transport and Highways, Housing and Urban Affairs, Defence and Department of Telecommunications along with the CMDs of 7 CPSEs belonging to these Ministries, to review the capital expenditure in …
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Rajesh Verma, Secretary, Ministry of Corporate Affairs (MCA) released the ‘Report of the Committee on Business Responsibility Reporting (BRR)’ here today. The BRR was released in the presence of Dr. Sameer Sharma, DG, IICA; Amarjeet Singh, Executive Director, SEBI; Atul Gupta, president, ICAI: Ashish Garg, president, ICSI and R. Mukundan, …
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The Union Minister of Commerce and Industry & Railways Piyush Goyal has exhorted the traders community to fully contribute towards the Aatamnirbhar Bharat campaign. Speaking to the traders’ fraternity on the occasion of the National traders’ day today through virtual interaction, he said that they should undertake Customer Awareness drive …
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The Fourth edition of the National Public Procurement Conclave [NPPC], organized by Government e Marketplace [GeM], in association with the Confederation of Indian Industry [CII] for two days,was inaugurated online by Piyush Goyal, Union Commerce and Industry & Railways Minister today, to coincide with the anniversary of GeM Establishment Day.The …
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