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Archive: 16 September 2018

Posts in 16 September 2018

Merchandise & Major Commodities Exports in August 2018 exhibited positive growth

September 16, 2018 645 Views 0 comment Print

Major commodity group of exports showing positive growth in August 2018 include Engineering Goods (21.23%), Petro Products (31.76%), Gems & Jewellery (23.95%), Organic & Inorganic Chemicals (39.9%) and Drugs & Pharma (18.21%). Fourth consecutive double-digit growth in India’s exports in 2018, reflective of our export promotion initiatives and growing trade. Merchandise exports in August 2018 […]

Consumer Favouritism And Mergers: Rethinking CCI’s Consumer Welfare Approach In Light Of Objectives Of Competition Law

September 16, 2018 861 Views 0 comment Print

INTRODUCTION The Competition Commission of India’s handling of mergers in recent times is surreptiously paving the way for Monopolies in Indian markets. The justification behind allowing mergers to take place is to promote economic efficiency using competition as means for creating a market responsive to consumer preferences. Consumer Welfare Approach (CWA) falls in line with […]

Two Successful Initiatives of the Central Government

September 16, 2018 501 Views 0 comment Print

There has, in the past, been a general distrust of Government schemes. The principal reason for this is that either the benefits don’t reach the targeted or that the projected parameters are never achieved. However, there are schemes with a difference. The Swachh Bharat Abhiyan is arguably the most successful one. Swachh Bharat Abhiyan When […]

GST: Deductor (Person Liable To Deduct Tax At Source)

September 16, 2018 3483 Views 0 comment Print

1. Department or establishment of the Central govt. or State govt. A department is composed of employed officials, known as civil servants, and is politically accountable through a minister.

ITC: Apportionment & Block Credit | Rule 42 & 43 – Excel utility

September 16, 2018 144516 Views 3 comments Print

The entire scheme of taxation under GST is to reduce the cascading effect. At each stage of taxation, input tax credit is allowable to the registered taxable person. But there are some restrictions on availability and utilization of same for reasons favao.

Policy measures announced to curb India’s CAD and stabilize rupee

September 16, 2018 615 Views 0 comment Print

Last night, Finance ministry announced a slew of measures aimed at containing Indias current account deficit (CAD), in light of surging global oil prices and a deprecating rupee. he measures are primarily aimed at easing conditions related to external commercial borrowings, hedging conditions for infrastructure loans, and loosing restrictions on masala bonds.

Arrival of Lord Ganesha with GST Audit Report!

September 16, 2018 2040 Views 0 comment Print

Arjuna, everywhere the hustle and bustle of Income Tax Audit is being seen. In amidst of it Lord Ganesha has arrived with GST Audit Report. Also, on 13th Sept, 2018 the GST Department has issued some notifications for amending the GST law.

Compulsory Dematerialisation of Securities of unlisted Public Company

September 16, 2018 11163 Views 6 comments Print

Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 viz COMPULSORY DE-MATERIALISATION OF SECURITIES FOR UNOF THE COMPANY

Procedure for Establishment of Special Economic Zone (SEZ) In India

September 16, 2018 20193 Views 2 comments Print

1. Introduction to Special Economic Zone (SEZ) In India A special economic zone (SEZ) is a geographical region that has economic laws that are more liberal than a country’s domestic economic laws. The Special Economic Zone (SEZ) policy in India first came into inception on April 1, 2000 to overcome the shortcomings experienced on account […]

Merchandise Exports from India Scheme (MEIS)

September 16, 2018 22086 Views 3 comments Print

This article contains description of Merchandise Exports from India Scheme (MEIS), one of the export scheme launched by DGFT in its Foreign Trade Policy 2015-20.

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