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3 Ordinances to implement reforms in agriculture sector

September 18, 2020 834 Views 0 comment Print

Government of India has promulgated the following three Ordinances to implement reforms in agriculture sector: i. The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020 ii. The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 iii. The Essential Commodities (Amendment) Ordinance 2020

One District One Product Concept for Encouraging Domestic Manufacturing

September 18, 2020 300 Views 0 comment Print

Ministry of Commerce & Industry One District One Product Concept for Encouraging Domestic Manufacturing Posted On: 18 SEP 2020 3:07PM by PIB Delhi Based on strengths of a district and National Priorities, One District One Product (ODOP) is seen as a transformational step forward towards realizing the true potential of a district, fuel economic growth […]

11 Govt Steps to Promote Export during Pandemic

September 18, 2020 336 Views 0 comment Print

Government has taken the following key steps to boost exports: 1. The validity of Foreign Trade Policy (2015-20) extended by one year i.e. upto 31-3-2021 and relaxations granted and time lines extended due to COVID-19.

Shifting of Base to India by MNCs

September 18, 2020 1332 Views 0 comment Print

Several multinational companies have evinced their interest to shift their base into India across different States in sectors such as Electronics, Retail, e-Commerce, Automotive, Food Processing, Textiles etc. 

Measure taken by Govt to allot Tender to Local Companies

September 18, 2020 405 Views 0 comment Print

To ensure that the local firms are allotted the tender under Atmanirbhar Bharat, the following measures have been taken 1. GeM has made it mandatory for the sellers, to declare Country of Origin for every product offered by them on the GeM portal.

Govt approves amendment in FDI Policy on Defence Sector

September 17, 2020 867 Views 0 comment Print

Press Note No. 4 (2020 Series), reviewing Foreign Direct Investment (FDI) Policy in Defence Sector Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has issued Press Note No. 4 (2020 Series), reviewing Foreign Direct Investment (FDI) Policy in Defence Sector. The decision will take effect from the date of […]

No addition can be made merely on the basis of presumption

September 17, 2020 7527 Views 2 comments Print

Sindhu Trade Links Ltd. Vs DCIT (ITAT Delhi) It can be seen that the assessee company had purchased land at Tifra Bilaspur for Rs. 55,44,800/- including stamp duty and registration charges of Rs. 7,06,705/-. The Ld. DR submitted that as per the observations of the Assessing Officer there are certain purchases of land /properties where […]

NCLT dismisses CIRP filed by Neesa Infrastructure Limited

September 17, 2020 1650 Views 0 comment Print

M/s. Neesa Infrastructure Limited vs State Bank of India (NCLT) Advocate, Mr. Nipun Singhvi appeared on behalf of the Respondent. The order is pronounced in the open court, vide separate sheet. 1. Sanjay Gupta, claiming himself to be the authorised signatory, on behalf of M/s. Neesa Infrastructure Limited filed this Petition under Section 10 of […]

Term of NCLAT Chairperson, Bansi Lal Bhat extended

September 17, 2020 252 Views 0 comment Print

Term of office of Justice (Retd.) Shri Bansi Lal Bhat, Member (Judicial) as officiating Chairperson, NCLAT is extended upto 16.10.2020 or until a regular Chairperson is appointed or until further orders, whichever is the earliest.

Registration as Valuer rejected on failure to establish Eligibility

September 17, 2020 1125 Views 0 comment Print

Eligibility of the applicant for registration as Valuer, as prescribed under the Rules, is not established. Thus, in exercise of the powers conferred on the Authority under rule 6 (9) (b) of the Companies (Registered Valuers and Valuation) Rules, 2017, the application  for registration as a RV in asset class of L&B is rejected. INSOLVENCY […]

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