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Constitution of Group of Ministers (GoM) on GST System Reforms

September 24, 2021 1275 Views 0 comment Print

Group of Minister on GST System Reforms is constituted with following composition, subsuming the earlier GoMs on IT challenges and revenue mobilization:

Constitution of Group of Ministers (GoM) on GST Rate Rationalization

September 24, 2021 2385 Views 0 comment Print

Council has decided to constitute a GoM to look into matters related to rate rationalization and correction of inverted duty structure. Accordingly, a Group of Ministers on Rate Rationalization is being constituted with following composition:

KCC for Animal Husbandry, Dairying and Fisheries

September 24, 2021 1320 Views 0 comment Print

As you are aware, RBI vide their Master Circular dated 4.2.2018 extended the KCC facility to the farmers engaged in animal husbandry and fisheries for their working capital requirement.

FEMA 1999: Govt appoints Regional Special Director (Appeals) to hear appeal against order of Adjudicating Authority

September 24, 2021 5430 Views 0 comment Print

FEMA 1999: Govt appoints Regional Special Director (Appeals) to hear appeal against order of Adjudicating Authority MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 24th September, 2021 S.O. 3958(E).—In exercise of the powers conferred by sub-section (1) of section 17 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession […]

Income-tax (30th Amendment) Rules, 2021

September 24, 2021 1974 Views 0 comment Print

(1) These rules may be called the Income-tax (30th Amendment) Rules, 2021. (2) They shall be deemed to have come into force from the 1st day of April, 2021.

Anti-Dumping investigation on imports of Peroxosulphates (Persulphates)

September 24, 2021 1302 Views 0 comment Print

Case No. (AD-OI-21/2020) Anti-Dumping investigation concerning imports of Peroxosulphates (Persulphates) originating in or exported from China PR and USA.

Rajasthan CM approves proposal of restructuring of Commercial Tax Department

September 24, 2021 5301 Views 0 comment Print

Chief Minister Shri Ashok Gehlot has approved the proposal of restructuring of the Commercial Tax Department. The decision was taken looking at the changed scenario after the implementation of Goods and Service Tax (GST) and for better and effective implementation of GST in the State.

Production Linked Incentive (PLI) Scheme For Textiles

September 24, 2021 5115 Views 0 comment Print

The Production Linked Incentive (PLI) Scheme is intended to promote production of MMF Apparel & Fabrics and, Technical Textiles products in the country to enable Textiles Industry to achieve size and scale; to become competitive and a creator of employment opportunities for people.

Master Direction – RBI (Transfer of Loan Exposures) Directions, 2021

September 24, 2021 9849 Views 0 comment Print

Loan transfers are resorted to by lending institutions for multitude of reasons ranging from liquidity management, rebalancing their exposures or strategic sales. A robust secondary market in loans can be an important mechanism for management of credit exposures by lending institutions and also create additional avenues for raising liquidity. It is therefore necessary to lay down a comprehensive, self-contained set of regulatory guidelines governing transfer of loan exposures.

RBI (Securitisation of Standard Assets) Directions, 2021

September 24, 2021 4254 Views 0 comment Print

Securitisation involves transactions where credit risk in assets are redistributed by repackaging them into tradeable securities with different risk profiles which may give investors of various classes access to exposures which they otherwise might be unable to access directly.

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