BUSINESS NEWS

CAIT Survey Reveals That 96 Percent Traders Of Delhi Are Demanding To Open Market Daily

CAIT Survey Reveals That 96 Percent Traders Of Delhi Are Demanding To Open Market Daily

Most of the traders of Delhi have demanded to open the market everyday. This has been revealed in the survey of CAIT (Confederation of All India Traders). In fact, CAIT conducted a survey among traders on the decision to continue the COVID restrictions in the capital. In this, 96 percent traders demanded to open the market …

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DGFT Issues Trade Notice in Respect of IECs Not Updated on DGFT Website After 1st January 2005

DGFT Issues Trade Notice in Respect of IECs Not Updated on DGFT Website After 1st January 2005

Vide Trade Notice No. 18/2021-2022, DGFT has said that All IECs which have not been updated after 01.01.2005 shall be de-activated with effect from 06.10.2021. DGFT Further Said, It may further be noted that any IEC so de-activated, would have the opportunity for automatic re-activation without any manual intervention or a physical visit to the …

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National Asset Reconstruction Company Limited (NARCL)

FAQ of Central Government guarantee to back Security Receipts issued by (NARCL) for acquiring of stressed loan assets

Central Government guarantee of Rs.30,600 crore to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets was approved by Union Cabinet yesterday. NARCL proposes to acquire stressed assets of about Rs. 2 Lakh crore in phases within extant regulations of RBI. It intends to acquire these through 15% …

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Big relief to businessmen! Now CA audit is not required for GST returns, you will be able to self-certify

Big relief to businessmen! Now CA audit is not required for GST returns, you will be able to self-certify

Goods and Services Tax (GST) taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. Now Goods and Services Tax taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. For this, there will no longer be a need …

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RUPEES

Rupee Slumps 17 Paise to 74.79 Against US Dollar in Early Trade

The rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday, following a strong dollar overseas and subdued sentiment in the domestic equities. However, lower crude prices and fresh foreign fund inflows restricted the rupee’s fall, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at …

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BHARTI GROUP

Bharti Group to Invest $500 Million to be OneWeb’s Largest Shareholder

Bharti Group on Tuesday said it would invest $500 million to become the largest shareholder in the satellite communications company OneWeb, which Bharti Group, along with the British government, rescued from bankruptcy last year. “OneWeb has completed its transformation with the exercise of a call option by Bharti to invest an additional $500 m into the company,” …

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NIRMALA SITHARAMAN

Continuous Reforms Make India Great Place to Do Business: Finance Minister to US Investors

Asserting that continuous reforms make India a great place to do business, Finance Minister Nirmala Sitharaman on Thursday invited global investors to take advantage of the recent FDI reforms, the privatisation policy and the performance linked incentive (PLI) scheme. [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] Read More [/ihc-hide-content]

INVESTMENT PROMOTION REFORMS

Investment Promotion Reforms

Department for Promotion of Industry & Internal Trade has created a conducive business environment and undertaken various investment promotion reforms Truly Aatmanirbhar, Govt. under PM Narendra Modi ji has created a conducive business environment and undertaken various investment promotion reforms.

US India Business Council Summit

US India Business Council Summit: Union Commerce and Industry Minister invites businesses in US

Delivering the inaugural virtual address at the annual USIBC State of US – India Business, Union Commerce and Industry Minister said, we set a modest target of half a trillion dollars, which he hoped can be achieved through continuous engagement between the two nations. Mr Goyal said, US and India complement each other. He said, …

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Draft Model Standing Orders for Manufacturing Sector, Mining Sector & Service Sector published by Government

Draft Model Standing Orders for Manufacturing Sector, Mining Sector & Service Sector published by Government

Government has published the draft Model Standing Orders for the Manufacturing Sector, Mining Sector and Service Sector in the official gazette. It has invited suggestions or objections from the stakeholders within a period of thirty days. Separate Model Standing Orders for Services Sector has been prepared first time keeping in view the needs of the services sector.

India and Uzbekistan signed Nine Memorandum

India and Uzbekistan signed Nine Memorandum of Understandings

During the virtual Summit held between Prime Minister of India Narendra Modi and President of Uzbekistan Shavkat Mirziyoyev India and Uzbekistan have signed nine Agreements and Memorandum of Understandings, MoUs in various areas including in the field of Solar Energy, Digital Technologies  and on High Impact Community Development Projects (HICDP). It also included Dollar Credit …

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Finance Ministry releases 6th installment of Rs 6,000 crore to States to meet GST compensation shortfall

The Finance Ministry has released the sixth installment of Rs six thousand crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516 crore has been released to 23 States and an amount of Rs 483.40 crore has been released to the three Union Territories Delhi, Puducherry and …

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Certificate Course on Ind AS

ICAI’s Startup Manthan 2.0 was addressed by Union Minister for Commerce and Industry

Addressing the ICAI’s Startup Manthan 2.0, Union Minister for Commerce and Industry Mr. Piyush Goyal  said that the government is constantly providing inputs and impetus to the Startup ecosystem to help them expand their base. He said that the Government has created a fund of funds for Startups with an initial corpus of Rs 10,000 …

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15th Finance Commission submits report for 2021-26 to President Ram Nath Kovind

15th Finance Commission submits report for 2021-26 to
President Ram Nath Kovind

15th Finance Commission submits report for 2021-26 to President Ram Nath Kovind Fifteenth Finance Commission today submitted its report for the period of 2021-26 to President Ram Nath Kovind. The Finance Commission led by its Chairman N.K. Singh today called on the President and submitted the report. The report has been finalized after wide-ranging consultations …

15th Finance Commission submits report for 2021-26 to
President Ram Nath Kovind
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CURRENT AND CORPORATE AFFAIRS : 24th JULY 2020

CURRENT AND CORPORATE AFFAIRS : 24th JULY 2020

COVID-19 NEWS (1.) India has one of lowest cases, deaths per millionpopulation due to COVID-19 :- Health Minister Dr. Harsh Vardhan today said, India has one of the lowest cases and deaths per million population due to COVID19. He said, our recovery rate now stands at 63.45 per cent andthe mortality is at 2.3 per …

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