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UK Suspends Tax Co-Operation With Russia

March 24, 2022 627 Views 0 comment Print

The UK today (Thursday 17 March) announced it is suspending the exchange and sharing of tax information with Russia and Belarus as part of continued efforts to inflict economic pain on President Putin’s regime. -The UK has suspended all exchange of tax information with Russia and Belarus under the UK’s exchange of information agreements -Move […]

Know Oil import by India from from Ukraine and Russia in 2020-21

March 24, 2022 672 Views 0 comment Print

India imported 17.44 LMT edible oils from Ukraine and 3.48 LMT edible oils from Russia in 2020-21 In a bid to control the rise in cooking oil prices, the Centre has cut the basic duty on Crude Palm Oil, Crude Soyabean Oil and Crude Sunflower Oil from 2.5% to Nil The basic duty on Refined […]

FDI Inflow in calendar year 2020 declined to US$ 74.01 billion

March 24, 2022 678 Views 0 comment Print

As per Reserve Bank of India (RBI) data, total FDI inflow of US$ 74.01 billion has been reported in calendar year 2021 compared to US$ 87.55 billion in calendar year 2020.

146 Central approvals enabled on NSWS portal

March 24, 2022 828 Views 0 comment Print

Currently 146 Central approvals across 21 Ministries/ Departments are enabled to be applied through the NSWS portal. 14 States’/UTs’ Single Window Systems have been linked with the NSWS Portal thereby providing access to approvals of these States/UTs to be applied through a single login id. All concerned Ministries and Departments of the Central Government and States have been requested to integrate their approval processes with the NSWS.

Investment from Land Border Sharing Countries

March 24, 2022 1923 Views 0 comment Print

In order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic, Government amended the FDI policy vide Press Note 3(2020) dated 17.04.2020 whereby an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any […]

ICAI re-schedule dates of Foundation Course Examination, May 2022

March 23, 2022 1866 Views 0 comment Print

To mitigate the hardship of the students who are sitting in the Central Board of Secondary Education (CBSE) – Senior School Certificate Examination, Term II (2021- 2022) and Council for the Indian School Certificate Examinations (ICSE), Semester 2, Year 2022 examinations and simultaneously pursuing Chartered Accountants Foundation Course Examination, May 2022, ICAI decided to re-schedule […]

Aadhaar Lock/Unlock and Biometric Lock/Unlock- FAQs

March 23, 2022 17433 Views 0 comment Print

Aadhaar Lock/Unlock Q.1 I forgot my VID. How can I get it after locking UID? Ans. After Locking UID if resident forgot VID, Resident can make use of SMS service to Retrieve 16 digit VID on his register mobile number Send SMS 1947 with Aadhaar Register mobile number as RVID Space last 4 or 8 […]

ICAI to undertake detailed study on virtual currencies or cryptocurrency

March 23, 2022 2316 Views 0 comment Print

In the wake of popularity of virtual currencies or cryptocurrency, ICAI would be undertaking a detailed study about virtual currencies, a new phenomenon but the importance of which is catching up globally. A Research Group is being constituted by ICAI and shall be soon undertaking the task.

Export Policy of Hydrofluorocarbons revised to Restricted’ category

March 23, 2022 2208 Views 0 comment Print

Export Policy of Hydrofluorocarbons (HFCs) has been revised from ‘Free’ to `Restricted’ category with immediate effect and export Authorisations would be issued based on NOC from MoEF&CC. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 62/2015-2020 New Delhi, Dated: 23rd March, 2022 Subject: Amendment in […]

DGFT extends timelines to install radiation portal monitors & Container Scanners

March 23, 2022 1740 Views 0 comment Print

The timelines for installation and operationalisation of Radiation Portal Monitors and Container Scanners in the designated sea ports has been extended from existing 31.03.2022 to 30.09.2022. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhavan Public Notice No. 51/(2015-2020) New Delhi: Dated 23rd March, 2022 Subject: […]

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