Category Archives: Trade

Sabka Vishwas | Legacy Dispute Resolution Scheme notified ; to be operationalized from 1st Sept 2019

Sabka Vishwas - Legacy Dispute Resolution Scheme notified

In theUnion Budget 2019-20, the Hon’ble Finance Minister announced the Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019. The Scheme has now been notified and will be operationalized from 1st September 2019. The Scheme would continue till 31st December 2019. Government expects the Scheme to be availed by large number of taxpayers for closing their… Read More

CBDT Clarification on eligibility of small Start-ups to avail tax holiday

Central Board of Direct Taxes (CBDT)

The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961(the ‘Act’), which provides deduction for 100 per cent of income of an eligible start-up for 3 years out of 7 years from the year of its incorporation.… Read More

9th Session of India-Kenya Joint Trade Committee in New Delhi

Piyush Goyal

The 9th Session of the India-Kenya Joint Trade Committee (JTC) was held on 19th – 20th August 2019 in New Delhi. The Indian delegation was led by Union Minister of Commerce & Industry and Railways, Piyush Goyal. The Kenyan delegation was led by Peter Munya, Minister of Industry, Trade and Cooperatives, Government of the Republic of Kenya.

Piyush Goyal highlighted… Read More

MCA | Govt removes Debenture Redemption Reserve requirement for Listed Companies, NBFCs & HFCs

Government removes Debenture Redemption Reserve requirement for Listed Companies, NBFCs and HFCs

PIB News Update| The Ministry of Corporate Affairs has amended the Companies (Share Capital & Debentures) Rules by removing Debenture Redemption Reserve requirement for Listed Companies, NCFCs and HFCs.

The decision has been taken in pursuance of the Budget announcements for 2019-20 by Union Finance & Corporate Affairs Minister Smt. Nirmala… Read More

Ministry of Commerce & Industry | Four New Products get GI Tag

The Geographical Indication (GI)

The Geographical Indication (GI) under the Department for Promotion of Industry and Internal Trade hasrecenly registered 4 new GIs. PalaniPanchamirtham from Palani Town in Dindigul District of Tamil Nadu State, Tawlhlohpuan and Mizo Puancheifrom the state of Mizoram and Tirur Betel leaf from Kerala are the latest additions to the list of registered… Read More

High Level CSR Committee recommends CSR expenditure to be made tax deductible expenditure

High Level Committee on CSR recommends

PIB News Update | Shri Injeti Srinivas, Secretary (Corporate Affairs), today presented the Report of the High Level Committee on CSR to the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman. The Committee has made far reaching recommendations.  The main recommendations  include, making CSR expenditure tax deductible, provision… Read More

4th edition of National Entrepreneurship Awards, 2019 announced

4th edition of National Entrepreneurship Awards4th edition of National Entrepreneurship Awards

The fourth edition of the National Entrepreneurship Awards, instituted in a bid to recognize and encourage outstanding Indian Entrepreneurs andcatalyse a cultural shift in youth for entrepreneurship by the Ministry of Skill Development and Entrepreneurship (MSDE) has opened for nominations. The National Entrepreneurship Awards (NEA)2019 aim to honour… Read More

5th National Handloom Day celebrations

5th Nation5th National Handloom Dayal Handloom Day

The 5th National Handloom Day was held today at 16 NIFT Campuses and Weavers’ Service Centres in different States across the country. Handloom Mela and exhibition, workshops, panel discussion were organised and special stalls were put up for handloom products at Gandhinagar and Kolkata NIFT campuses.

Events scheduled in Delhi for the National Handloom… Read More

Consumer Protection Bill, 2019 gets Parliamentary Approval

Consumer Protection Bill, 2019 gets Parliamentary Approval

The Parliament today gave its nod to the landmark Consumer Protection Bill, 2019 which aims to protect the rights of consumers by establishing authorities for timely and effective administration and settlement of consumers’ dispute. The Bill was passed by the Lok Sabha on 30th July, 2019 and was passed by Rajya Sabha today through a voice vote. The Bill will… Read More

22nd National Conference on e-Governance 2019 to be held at Shillong on 8th -9th Aug, 2019

22nd National Conference on e-Governance 2019

The Department of Administrative Reforms & Public Grievances (DARPG), in association with Ministry of Electronics & Information Technology (MeitY), Government of India and the State Government of Meghalaya will organize the 22nd National Conference on e-Governance 2019 on 8-9th August, 2019 at Shillong, Meghalaya. This is the first time the… Read More

Ministry of Shipping | VO Chidambaranar Port creates Single Day Handling of Cargo record

VO Chidambaranar Port

V.O.Chidambaranar Port created a new record by handling 1,80,597 MetricTonnes of cargo in a single day on 27th July,2019, surpassing the previoussingle day record of 1,77,639 Metric Tonnes on 16th November, 2017. The major items in this cargo were Coal (79,230 Tonnes), Containerized Cargo (52,200 Tonnes / 2,900 TEUs) and General Cargo (49,167 Tonnes).… Read More