Category: <span>BUSINESS & ECONOMY</span>

CSR funds spent for creating health infrastructure for COVID care are eligible CSR activities under Companies Act

CS SURBHI SAXENAMay 6, 2021May 6, 2021

The Government has clarified that spending of Corporate Social Responsibility (CSR) funds for creating health infrastructure for COVID care are eligible CSR activities under Companies Act. The eligible CSR activities...

BUSINESS & ECONOMY

Samir Seksaria takes over as CFO of TCS

CS SURBHI SAXENAMay 1, 2021May 1, 2021

Tata Consultancy Services (TCS) vetran Samir Seksaria took over as Chief Financial Officer. He replaces V Ramsakrishnan who retired a day earlier. Seksaria started his career in TCS in 1999...

BUSINESS & ECONOMY

Competition Commission of India approves 64 percent acquisition of BigBasket by Tata Digital

CS SURBHI SAXENAApril 29, 2021

The Competition Commission of India (CCI) has approved the acquisition by Tata Digital of upto 64.3 percent of Supermarket Grocery Supplies (SGS) and its sole control over Innovative Retail Concepts...

BUSINESS & ECONOMY

Apple rolls out iOS 14.5 update with 5G connectivity

CS SURBHI SAXENAApril 28, 2021

Apple has rolled out a new iOS update for 5G enabled iPhones starting from iPhone 12, and for those who install iOS 14.5. Recent iPhone models, starting with XS Max...

BUSINESS & ECONOMY

White Globe achieves Quintuple ISO Certifications

CS SURBHI SAXENAApril 28, 2021

White Globe has been awarded the ISO 13485:2016 and ISO 18587:2017 certification after a successful onsite audit over a period of 18 months. Earlier, White Globe has already been certified...

BUSINESS & ECONOMY

Asian Development Bank projects India’s GDP to rebound to 11 percent in FY 21

CS SURBHI SAXENAApril 28, 2021

Asian Development Bank projected India’s Gross Domestic Product (GDP) to rebound strongly by 11 percent in fiscal year 2021 ending on 31st March, 2022 due to continued economic recovery boosted...

BUSINESS & ECONOMY

‘COVID-19 Helpdesk’ for international trade related issues operationalized by DGFT

CS SURBHI SAXENAApril 26, 2021April 26, 2021

In view of the surge of COVID-19 cases, a helpdesk has been operationalized by the Director General of Foreign Trade (DGFT) to monitor the status of imports and exports, and...

BUSINESS & ECONOMY

FITTR launches 13th transformation Challenge

CS SURBHI SAXENAApril 26, 2021April 26, 2021

FITTR, one of the world’s largest community- first online health and fitness brands, has announced the launch of the 13th edition of its Transformation Challenge. This edition of challenge introduces...

BUSINESS & ECONOMY

Attention Importers! imports of COVID19 related equipments or medicaments

gmApril 25, 2021April 25, 2021

In case of any difficulty faced regarding imports of COVID19 related equipments or medicaments, please provide details on the link https://t.co/IAOQenWwO2 for expediting Customs clearances. Unite2FightCorona https://t.co/wg3XAgeJ4S

BUSINESS & ECONOMY

Covid related vaccines & Oxygen exempted from basic customs duty : MINISTRY OF FINANCE

gmApril 24, 2021April 24, 2021

Notification No. 28/2021–Customs MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 24th April, 2021 G.S.R. 286(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs...

BUSINESS & ECONOMY

Microsoft soon to release preview version of Office 2021 for Mac, Office LTSC

CS SURBHI SAXENAApril 24, 2021April 24, 2021

Microsoft will soon be releasing a preview version of its upcoming Office 2021 for the Mac and Office LTSC this week. While LTSC (Long term service channel) will be designed...

BUSINESS & ECONOMY

IFFCO gives order for its 2nd Oxygen plant in Bareilly

CS SURBHI SAXENAApril 24, 2021April 24, 2021

Indian Farmers Fertiliser Cooperative Limited, IFFCO has given order for its 2nd Oxygen plant in Aonla, Bareilly in Uttar Pradesh to fulfil the demand of medical grade oxygen in the...

BUSINESS & ECONOMY

Service measures taken by ESI Corporation during recent surge of COVID-19 pandemic

taxconceptApril 23, 2021

To deal with the resurgence of COVID-19 Pandemic, theEmployees’ State Insurance Corporation (ESIC) under the Ministry of Labour and Employment has undertaken multiple steps to cater to its Stakeholders as...

BUSINESS & ECONOMY

PM Modi interacts with leading oxygen manufacturers across the country via VC

taxconceptApril 23, 2021April 23, 2021

Prime Minister Narendra Modi held a meeting with leading oxygen manufacturers across the country via video conferencing. PM Modi said this time is not only to deal with the challenges,...

BUSINESS & ECONOMY

MOU signed between World Trade Center Faridabad and HSIIDC to promote trade and investment in Haryana

CS SURBHI SAXENAApril 22, 2021April 22, 2021

Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has entered into an MOU with World Trade Center Faridabad to promote and facilitate trade and investment in Haryana. The MOU was...

BUSINESS & ECONOMY

[BREAKING] Supreme Court takes suo motu cognizance of COVID-19 issues, might transfer cases from High Courts; Harish Salve appointed Amicus

gmApril 22, 2021April 22, 2021

The Supreme Court has registered a suo motu case concerning issues arising out of COVID-19 pandemic and the management of the crisis unfolding in various States. https://twitter.com/barandbench/status/1385130660076036097

BUSINESS & ECONOMY FRAUD

DRI Seizes more than 300 Kg of Cocaine Valued at Approx. Rs. 2,000 Crore in International Market at Tuticorin Port

Dhanraj SharmaApril 21, 2021

Based on specific intelligence that cocaine will be concealed in a consignment imported in container reaching VOC Port, Tuticorin, the officers of Directorate of Revenue Intelligence (DRI) have intercepted the...

BUSINESS & ECONOMY

Cabinet approves MoU between CCI and CADE

CS SURBHI SAXENAApril 20, 2021April 20, 2021

Cabinet approved the MoU between Competition Commission of India (CCI) and Administrative Council for Economic Defense of Brazil, (CADE). Section 18 of the Competition Act, 2002 permits CCI to enter...

BUSINESS & ECONOMY

JEE Main 2021 April session postponed

gmApril 18, 2021April 18, 2021

JEE Main 2021 April session postponed The examination for JEE Main April session has been postponed. This exam was scheduled to be held from April 27 at various examination centers...

BUSINESS & ECONOMY

Ministry of Railway approves transport of Liquid Medical Oxygen container trucks on Roll-on roll-off basis

CS SURBHI SAXENAApril 18, 2021

Indian Railways has given in-principle approval to transport Liquid Medical Oxygen container trucks on Roll-on roll-off (Ro-Ro) basis. In a first of its kind operation approved by the Railway Ministry,...

BUSINESS & ECONOMY COVID-19

Remdesivir to enhance its availability and affordability, the Govt has capped its price

gmApril 17, 2021April 18, 2021

To meet the increasing demand of Remdesivir and to enhance its availability and affordability, the Govt has capped its price. <img class="wp-image-25874 size-full" src="https://taxconcept.net/wp-content/uploads/2021/04/WhatsApp-Image-2021-04-17-at-8.31.16-PM.jpeg" alt="" ramdesivir injection" mg vial" are...

BUSINESS & ECONOMY

Big News! UPI transactions under 50 rupees will not be able to change now, rules going to change soon

gmApril 17, 2021April 18, 2021

National Payments Corporation of India (NPCI) can permanently ban all gaming transactions done within 50 rupees on the Unified Payments Interface (UPI) channel. According to several sources, the new rule...

BUSINESS & ECONOMY

Money will be added to the poor accounts, free ration will be given

Dhanraj SharmaApril 17, 2021April 17, 2021

The Yogi government of Uttar Pradesh has once again taken the task of taking a big decision amid increasing cases of corona virus infection. In fact, the Yogi government is...

BUSINESS & ECONOMY

Ajay Seth takes over as new Economic Affairs Secretary

gmApril 16, 2021April 16, 2021

Shri Ajay Seth takes charge as the new Secretary of Department of Economic Affairs (DEA), Ministry of Finance, in New Delhi today. Shri Seth is a 1987 Batch Indian Administrative...

BUSINESS & ECONOMY

Facebook signs renewable energy deal in India

CS SURBHI SAXENAApril 16, 2021April 16, 2021

Facebook has signed a deal to buy renewable energy in India from a local firm's wind power project, this is the social media giant's first such deal in the South...

BUSINESS & ECONOMY

Bharti Airtel wholly owned subsidiary Nettle acquires 100% stake in OneWeb India

CS SURBHI SAXENAApril 16, 2021April 16, 2021

As per the regulatory filing Nettle Infrastructure Investments, a wholly-owned arm of Bharti Airtel has acquired 100% stake in OneWeb India Communications Pvt Ltd, in an all-cash deal for an...

BUSINESS & ECONOMY

WhatsApp’s new feature will also delete old messages in the group itself

gmApril 15, 2021April 15, 2021

WhatsApp is going to extend the feature of its dispensing messages to all the members of a group. The feature has been introduced in the last years, so that the...

BUSINESS & ECONOMY

IFC to invest $100 million in JC Flowers India

CS SURBHI SAXENAApril 15, 2021April 15, 2021

The World Bank Group entity International Finance Corporation (IFC) is partnering with JC Flowers to help domestic lenders resolve their distressed assets and free up capital for new lending apart...

BUSINESS & ECONOMY

Bangladesh receives over USD 1 billion financing from World Bank for COVID-19 pandemic response

CS SURBHI SAXENAApril 15, 2021April 15, 2021

Bangladesh received over USD 1 billion financing from the World Bank to respond to the COVID-19 pandemic and to build resilience to the future crisis including vaccination against the COVID-19....