India’s overall (merchandise and services) export was US$ 394.96 billion during 2020-21 (April-January) as compared to US$ 443.24 billion during 2019-20 (April-January), i.e. a negative growth of 10.89%. During 2020-21 (April-January), India’s overall import was US$ 400.84 billion as compared to US$ 514.57 billion during 2019-20 (April-January), i.e. a negative growth of 22.10%.
Ministry of Commerce & Industry Exports from the Manufacturing Sector Posted On: 19 MAR 2021 Major commodity-group wise data on merchandise exports in last five years is at Annexure. The Government has taken the following key steps to boost exports: 1. The mid-term review of the current Foreign Trade Policy (2015-20) was carried out in December […]
The results of the Intermediate and Final Examination of December 2020 term will be declared on Monday, the 29th March, 2021 and the same can also be accessed by the candidates on the official website of the Institute www.icmai.in.
The Income Tax Department carried out search on 17.03.2021 on a group engaged in the business of real estate, housing, hospitality and retail liquor trade. The search operation was carried out at 12 different premises located in Samalkha, Gurugram, Rohtak and Panchkula.
The Competition Commission of India (CCI) has found an agreement between three suppliers, to rig the bids in respect of a tender floated by Pune Zilla Parishad for procurement of Picofall-cum-Sewing Machine, in contravention of the provisions of Section 3(1) read with Section 3(3)(d) of the Competition Act, 2002, which prohibits anti-competitive agreements.
There have been press reports raising doubts whether any adverse reactions to Covid-19 vaccination that require hospitalization will be covered by the health insurance policies.
We have received several complaints from our members regarding non allotment of audit by Indian Bank to the auditors of erstwhile Allahabad Bank with the remaining term, during the year. We understand that the names of the Bank Branch Auditors of Allahabad Bank (merged with Indian Bank) have been sent to all Public Sector Banks as Non Continuing Auditors.
ICAI has developed Sustainability Reporting Maturity Model (SRMM) Version 1.0 with an objective to bring out a comprehensive scoring tool based on report of the Committee on Business Responsibility Reporting constituted by the Ministry of Corporate Affairs (MCA) in August, 2020.
The University Grants Commission (UGC) has resolved that Cost Accountant (CMA) qualification will be considered equivalent to postgraduate degree for appearing in UGC-NET. The National Eligibility Test (NET) is conducted for determining the eligibility of Indian nationals for the Eligibility of Assistant Professorship, Junior Research Fellowship or both, for Indian Universities and Colleges.
In a tweet Anurag Thakur, MoS for finance has clarified that there is No such proposal for scrutiny of GST assessment in a faceless mode is under consideration of the government presently as the GST laws and rules made thereunder already provide for electronic filing and assessment of returns on the common portal,With regard to […]
