EPFO: Provident Fund (PF) is the biggest medium of investor, which is used by investors, employees to make retirement plans. Recently, it was kept at 8.1 percent while cutting interest on the EPFO side. After this, from April 1, PF investors are going to get another major setback. Provident Fund, which is tax-free till now, …
Income Tax Return: If you have not filed Income Tax Return for the Financial Year 2020-21 and Assessment Year 2021-22, then there is still two days’ time. You must file Income Tax Returns before 31st March 2022. According to experts, the last date for filing ITR for 2021-22 is March 31, 2022. After March 31, …
Ruchi Soya has termed the news of getting 30 percent discount on his FPO as a rumor and said that the company has nothing to do with the message being circulated in this regard. Ruchi Soya has said in a letter to SEBI (Securities and Exchange Board of India – SEBI) that she has lodged …
The last date for filing income tax returns for the financial year 2020/21 (Assessment Year 2021/22) is March 31. Although it was earlier 31 July 2021, but due to Kovid, the government had made it 31 March 2022. Counting from today, there are total 3 days left including today. So if you are also one …
ITR Alert: Fill income tax return in these 3 days, otherwise it will become a headache Read More »
The export of Heavy Electrical Equipment has increased during last three years as tabulated below: As per the above table, India’s exports of indigenous products relating to Capital Goods during the last three years has declined. However, in the current year i.e. April-January 2022, it has increased over the last fiscal i.e. April-January 2021 by …
Increase in the Exports of Products pertaining to Heavy Electrical Industries Read More »
Several steps have been taken by the government to augment supplies of semiconductors chips and intimated by Ministry of Electronics and information Technology. Following projects have been approved: i) Establishment of Gallium Nitride Ecosystem Enabling Center and Incubator for High Power Frequency Electronics. ii) Project for setting up of Assembly, Testing, Marking and Packaging (ATMP) …
Government takes several steps to augment Supplies of Semi Conductor Chips Read More »
The historic deal sets the tone for new beginnings, extraordinary outcomes & a paradigm shift in our trade ties: Shri Goyal Shri Goyal says India looks to UAE as a gateway to the world “India-UAE CEPA is based on the Prime Minister Shri Narendra Modi’s vision of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas aur Sabka …
India-UAE CEPA will be operationalized on May 1, 2022, says Shri Piyush Goyal Read More »
Importance of Governance and Assurance Functions in Financial Institutions(Keynote Address delivered by Shri M. K. Jain, Deputy Governor, Reserve Bank of India – March 10, 2022 – at CAFRAL) Introduction Delegates from various financial institutions, guest speakers and colleagues from CAFRAL, a very good morning to all. At the outset, let me thank CAFRAL for …
RBI/2021-2022/188CO.DPSS.RPPD.No./S1769/03-01-002/2021-22 The Chairman and Managing Director / Chief Executive OfficerAll Scheduled Commercial Banks including Regional Rural Banks /Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks / Local Area Banks / Payment Banks /Small Finance Banks / National Payments Corporation of India Madam / Dear Sir, Special Clearing operations on March 31, 2022 …
Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), dedicated Varnika, the Ink Manufacturing Unit of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI to the nation today (March 28, 2022) in Mysuru. In his address, Governor recognised the substantial progress made towards achieving self-reliance in banknote production ecosystem …
RBI Governor dedicates Varnika Ink Manufacturing Unit of BRBNMPL to the Nation Read More »
Shri Shaktikanta Das, Governor, Reserve Bank of India (RBI), laid foundation stone for the establishment of a Learning and Development Centre (LDC) of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI, today (March 28, 2022) in Mysuru. In his address, Governor highlighted the importance of setting up such …
RBI Governor lays Foundation Stone of Learning and Development Centre (LDC) of BRBNMPL Read More »
Union Minister for MSME, Shri Narayan Tatu Rane will inaugurate the Summit as Chief Guest and Union Minister of State for MSME, Shri Bhanu Pratap Singh Verma will be the Guest of Honour Ministry of MSME, Government of India and the Entrepreneurship Development Institute of India (EDII), Ahmedabad, will be organizing a ‘Mega International Summit …
Today is the last day to subscribe to Ruchi Soya’s FPO (Follow on Public Offer). The Patanjali Group subsidiary has not received any specific response from investors so far. Ruchi Soya hit the capital markets on Thursday, March 28. The company plans to raise Rs 4,300 crore through FPO. The issue will close on March …
For savings and investment, if you also invest money in schemes like PPF, NPS or Sukanya Samridhi, then there is very important news for you. You need to make minimum investment in these accounts before 31st March. Actually, this is the last week to invest in tax saving schemes for the current financial year. You …
Ministry of MSME, through Khadi and Village Industries Commission (KVIC), has taken various new measures for the development of Khadi and Village Industries (KVI) and creation of more employment opportunities in the country. Details of such initiatives are annexed. During the year 2020-21, scheme-wise number of persons trained under various activities for the creation of employment/self-employment opportunities …
The share of Micro, Small and Medium Enterprises (MSMEs) export to Russia and Ukraine during the last three years is as follows: Value in USD Million The Ministry of Micro, Small & Medium Enterprises is apprised of the present situation with respect to impact of Russia-Ukraine war on Indian MSME exports and is closely monitoring …
With a view to promote Khadi textiles and modernize the Khadi Industry, Ministry of MSME, through Khadi & Village Industries Commission (KVIC) has over the years taken various initiatives through various Technological Institutions of national repute and already disseminated those developed technologies in the past, as a regular activity. Details of such initiatives undertaken by …
Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter October – December 2021 (Q3 FY22). During Q3 of FY22, the Central Government …
Quarterly Report on Public Debt Management for the quarter ended December 2021 Read More »
NITI Aayog is organizing a national-level workshop on carbon capture, utilisation and storage (CCUS) on 30 March 2022. The workshop will be inaugurated by NITI Aayog Vice Chairman Dr Rajiv Kumar, Member Dr VK Saraswat and CEO Amitabh Kant, Adviser to Prime Minister Amit Khare, Principal Scientific Adviser Prof. K VijayRaghvan, secretaries of the Government …
NITI Aayog to Hold Workshop on Carbon Capture, Utilisation and Storage on 30 March Read More »
Mango festival is being organised in Tokyo, Japan as a part of Azadi ki Amrit Mahotsav In a major boost to export, Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated Season’s first consignment of fresh Mangoes export from Mumbai to Japan on last Saturday (March 26, 2022). Alphonso and Kesar varieties of Mangoes was …
Season’s first consignment of Alphonso and Kesar mango exported to Japan. Read More »
India and the United Arab Emirates (UAE) on Sunday agreed to set up a Technical Council on Investment, Trade Promotion and Facilitation under the Comprehensive Economic Partnership Agreement (CEPA) signed last month. CEPA was signed between the two countries on 18 February. With this agreement, bilateral trade between the two countries is expected to reach …
India, UAE to set up investment council under CEPA Read More »
The Central Consumer Protection Authority (CCPA) has imposed a fine of Rs 1 lakh each on e-commerce company Paytm Mall and Snapdeal. The CCPA has ordered both the companies to withdraw the goods sold as well as refund the amount paid by the consumers, while imposing a penalty for selling pressure cookers without standard. The …
Paytm Mall, Snapdeal fined Rs 1 lakh each for selling defective pressure cooker Read More »
If you are planning to invest, then you can invest money in small savings schemes of the post office. Public Provident Fund is also included in these schemes of the post office. Not only will you get more interest by investing in it, but you will also get the facility of tax exemption. The special …
Rules Will Change From First April : From April 1, 2022, many big changes are going to happen which will have a direct impact on you. In these, where changes will be seen regarding tax on PF account, on the other hand, according to Budget 2022, 30 percent tax will have to be paid on …
The human resource crunch in the Serious Fraud Investigation Office (SFIO), which is probing the country’s big corporate scams, can be gauged from the fact that 62 per cent of the sanctioned posts are lying vacant. This central agency has been able to complete investigation in 54 percent of the cases assigned by the government …
India has maintained a growth rate of 8.5 percent for a long time and if the rate of 8 percent remains in the future, then the economy of the country can double in about 7 to 8 years. NITI Aayog Vice Chairman Rajiv Kumar has said this. “India can double its economy in about 7 …
VC of NITI Aayog said, ‘Indian economy can double in 7 to 8 years’ Read More »
There is now less than a week left for the end of the financial year 2021-22. In such a situation, many people are planning to invest in Tax Saving FD (5 Year FD). But to get the benefit of income tax exemption, you have to invest in it for 5 years. If you withdraw money …
Bank Fraud Alert: India has now become a Digital India. With the development of technology, all the work is being done in a jiffy. But the speed with which digital transactions are increasing, the incidents of online fraud are increasing at the same speed. Now even thieves have become smart. They do not have to …
Cannot be adjusted: Senior tax advisor CA Shrestha Godhwani said that investments made in crypto cannot be adjusted for loss and profit. He pointed out that in 260 cases, taxpayers adjusted the profits of bitcoin against the losses of other cryptocurrencies. In order to save income tax, the taxpayers reduced the profits by 70 percent. …
Every crypto is a separate asset, new guidelines of Income Tax Department Read More »
Indian consumers have become more cautious than ever about their earnings and expenses. They are now giving priority to spending wisely and only on essential items. The special thing is that in view of the situation arising during the Corona epidemic, now they are also emphasizing on saving for the future. A survey by Deloitte …