BUSINESS

Union Commerce and Industry Minister, Piyush Goyal has said that his ministry was looking at identifying select electronic items that could be manufactured in India in large scale like television sets, Closed Circuit TVs, Air Conditioners etc, and exported in large quantities. Interacting with members of Electronics and Computer Software …

The Income Tax Department carried out search and survey operations on three groups on 13.07.2020. These operations are being carried out at 20 premises in Jaipur, 6 in Kota, 8 in Delhi and 9 in Mumbai. One of the groups covered is involved in several business activities like hotel, hydro …

“’Fire tests gold, suffering tests brave men” : Seneca Well, in this case, it is a woman-a woman with 3 siblings and an aging mother; a woman in an all-female family; a woman with her own problems in addition to her struggle for education and employment. Instead of allowing herself …

The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability rates on cash withdrawal of above Rs.20 lakh in case of a non-filer of the income-tax return and that of above Rs. 1 Crore in case of a …

A formal Memorandum of Understanding (MoU) was signed today between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations. The MoU was signed by Anu J. Singh, Pr. DGIT (Systems), CBDT and Madhabi Puri Buch, Whole …

The Union Cabinet chaired by the Prime Minister Narendra Modi today has given its approval for extending the contribution both 12% employees’ share and 12% employers’ share under Employees Provident Fund, totaling 24% for another 3 months from June to August, 2020, as part of the package announced by the …

The Union Cabinet chaired by the Prime Minister, Narendra Modi has approved the capital infusion for an overall value of Rs.12,450 crore; (including Rs. 2,500 crore infused in FY 2019-20) in the three Public Sector General Insurance Companies (PSGICs) namely Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) …

The Union Cabinet chaired by the Prime Minister, Narendra Modi has given its approval for developing of Affordable Rental Housing Complexes (AHRCs) for urban migrants / poor as a sub-scheme under Pradhan Mantri Awas Yojana – Urban (PMAY – U) by: existing vacant government funded housing complexes will be converted …

Union Minister for Finance & Corporate Affairs,  Nirmala Sitharaman, today held meeting, through Video Conference, with Secretaries of Ministries of Petroleum & Natural Gas , Power , Coal , Mines and D/o Atomic Energy and the CMDs of 23 CPSEs belonging to these Ministries. This meeting was held as part …

The World Bank and the Government of India today signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river. The Second National Ganga River Basin Project will help stem pollution in the iconic river and strengthen the management of the river …