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Vyapaar Jagat Convention & Awards all set to felicitate India’s achievers and entrepreneurs and create meaningful business dialogues

Vyapaar Jagat Convention & Awards all set to felicitate India’s achievers and entrepreneurs and create meaningful business dialogues

The business sector, believed to be the backbone of a country’s economy, is going through a massive evolution in India. The ‘Make in India’ initiative adopted by the Indian Government has emerged to be one of the most encouraging initiatives for entrepreneurs to prosper. With an unwavering allegiance to further …

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6 women led startups win COVID-19 Shri Shakti Challenge organized by MyGov in Collaboration with UN Women

6 women led startups win COVID-19 Shri Shakti Challenge organized by MyGov in Collaboration with UN Women

Six women led startups have won COVID-19 Shri Shakti Challenge organized by MyGov in collaboration with UN Women. With an objective to encourage and involve women led startups to come up with innovative solutions that can help in the fight against COVID19 or solve problems that impact a large number …

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8th Meeting of the India-UAE High Level Joint Task Force on Investments

8th Meeting of the India-UAE High Level Joint Task Force on Investments

The eighth meeting of the India-UAE High Level Joint Task Force on Investments (“the Joint Task Force”) was hosted by India today, in virtual format due to the ongoing COVID-19 pandemic. The meeting was co-chaired by Piyush Goyal, Minister of Railways, Commerce & Industry and Consumer Affairs and Public Distribution,Government …

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Factual position in respect to Service Charges levied by banks

Factual position in respect to Service Charges levied by banks

There have been several media reports alluding to steep increase in service charges by certain Public Sector Banks (PSBs). In this context, the factual position is as follows: Basic Savings Bank Deposit (BSBD) accounts including Jan Dhan accounts – No service charge is applicable on the 60.04 crore BSBD accounts, …

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Government extends Emergency Credit Line Guarantee Scheme by one month

Government extends Emergency Credit Line Guarantee Scheme by one month

The Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme, whichever is earlier, in view of the opening up of various sectors in the …

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“India holds great potential as a medical consumables market”: Sanjeev Nanda

“India holds great potential as a medical consumables market”: Sanjeev Nanda

MD of Dubai-based ISHVAN Pharmaceuticals, Sanjeev Nanda talks about the rapid growth of the Indian medical consumables market The healthcare sector in India has undergone a major shift in the recent times, especially when it comes to medical consumables. According to a report released by Ken Research in 2019, the …

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DGGI Gurugram arrests man for forging input tax credit of around Rs 392 crore

DGGI Gurugram arrests man for forging input tax credit of around Rs 392 crore

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Kabir Kumar, resident of New Delhi on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit by way of issuance of invoices without any actual receipt or supply …

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CGST officials bust racket for generating fraudulent input tax credit through fake billing of around Rs 1,278 crore

CGST officials bust racket for generating fraudulent input tax credit through fake billing of around Rs 1,278 crore

Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST),Commissionerate, Delhi (East) have busted a major racket for generation of huge inadmissible input tax credit (ITC) through fake billing of Rs 1,278 crore (approx). The well established syndicate was being operated by …

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Finance Minister Nirmala Sitharaman leads Indian delegation in 10th Round of Ministerial UK-India Economic and Financial Dialogue

Finance Minister Nirmala Sitharaman leads Indian delegation in 10th Round of Ministerial UK-India Economic and Financial Dialogue

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman led the Indian Delegation in the 10th Round of Ministerial UK-India Economic and Financial Dialogue (EFD), held here today in virtually through video conferencing. The Indian delegation included representatives from Ministry of Finance, Reserve Bank of India and Securities and Exchange …

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India hosts meeting of SCO Ministers handling economy and foreign trade

India hosts meeting of SCO Ministers handling economy and foreign trade

India today hosted the 19th Meeting of the Shanghai Cooperation Organisation (SCO) Ministers responsible for Foreign Economy and Foreign Trade Activities. In his opening remarks, Minister of Commerce and Industry Piyush Goyal said that the current crisis due to Covid-19 is a clarion call to the SCO countries to leverage …

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