CBIC asks tax officers not to seek physical submission of documents for clearing refund dues
The Finance Ministry last week had said that to provide relief during COVID-19 it has been decided to issue all pending GST and Custom refunds which would benefit around 1 lakh business entities, including MSME.
Power minister proposes a new scheme worth Rs 3 lakh crore to finance commission
Officials of the power ministry discussed the need to restru...
Budget 2020: Nirmala Sitharaman arrives at finance ministry with 'Bahi Khata'
Union Finance Minister Nirmala Sitharaman on Saturday morning r...
Vendors want BSNL dues matter to reach finance ministry
In a letter to telecom minister Ravi Shankar Prasad dated April 8, PHD telecom committee chairman Sandeep Agarwal said that state-owned operator BSNL owes Rs 6000 crore against capex, Rs 1000 crores for projects and Rs 13,000 crore against opex to vendors.
Govt invites suggestion for amending MV rules related to emission standards of e-rickshaws
The Ministry of Road Transport and Highways has invited suggestions and comments from all stakeholders, including general public, on the proposed amendment in the motor vehicle rules regarding compliance with emission and noise standards, according to an official statement.
Govt eases norms for PPF and Sukanya Samriddhi account holders due to COVID-19
To keep these accounts active the subscribers are required to make some specified deposit in a year otherwise penalty is charged over that. Usually, subscribers make a payment towards the end of fiscal as these schemes are part of 80C of the Income Tax Act.
View: Policy shift in stimulus to serve farmers better
These reforms were due long ago. An attempt was made in 2002 and 2003 to take agri commodities out of the ECA through government order. This attracted big investments in agri trade.
30 cr poor gets Rs 28,256 cr financial assistance under Pradhan Mantri Garib Kalyan Yojana
: More than 30 crore poor people have received Rs 28,256 crore financial assistance under Pradhan Mantri Garib Kalyan Yojana. As part of Rs 1.70 lakh crore relief package, the government announced free foodgrains and cash doles to women and poor senior citizens and farmers to mitigate hardship faced due to the lockdown.
Industrial townships in Red zone, states’ denial to reopen industry, home ministry restrictions: FIEO gives feedback to government
In a communication to the department of commerce, the Federation of Indian Export Organisations (FIEO) also highlighted industry’s concerns with many restrictions and responsibilities imposed by the revised guidelines which are also coming in the way of restarting the units.
Labour Ministry allows EPF withdrawal amid lockdown
The decision is taken in view of lockdown across the country to fight COVID-19. The COVID-19 has been declared pandemic and therefore employees working in establishments and factories across entire India, who are members of the EPF Scheme, 1952 are eligible for the benefits of non-refundable advance.
CBIC amends rules to disallow transitional credit claims retrospectively
“The Central Government hereby appoints the 18th day of May, 2020, as the date on which the provisions of Section 128 of the Finance Act, 2020, shall come into force,” the notification issued on Saturday said.
Atmanirbhar Bharat Abhiyan: FM Nirmala Sitharaman gives comprehensive overview of Rs 20 Lakh Cr allocated to project
In the last and final session of announcements for labour, land and liquidity support by centre, Finance Minister Nirmala Sitharaman, after ...
View: IBC requires urgent need for clarity
It is easy to be critical of past steps but it is more important to look forward. As corporate India aims to get back on its feet, there is an urgent need that the Finance Minister's policy and directional statements are reflected with clarity in the proposed Ordinance.
Atmanirbhar Bharat Abhiyan: FM Nirmala Sitharaman says state borrowing limit raised from 3% to 5% but conditions apply
In the last and final session of announcements for labour, land and liquidity support by centre, Finance Minister Nirmala Sitharaman said Ce...
Atmanirbhar Bharat Abhiyan: FM Nirmala Sitharaman announces special reforms to enhance ease of doing business, new PSE policy
In the last and final session of announcements for labour, land and liquidity support by centre, Finance Minister Nirmala Sitharaman announc...
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