India should focus on 15 items of imports to achieve self-reliance: Assocham
New Delhi : Industry body Assocham has identified 15 large import items for ramping up the country’s domestic capacity to achieve the objective of Aatmanirbhar Bharat or self-reliant India in 2-3 years. These items include electronics, coal, iron-steel, non-ferrous metals and vegetable oils, among others. The analysis, based on the latest data, shows that the […]
Global cues, TCS earnings major drivers for markets this week: Analysts
New Delhi: Trading sentiment in the equity markets this week will be guided by global cues, COVID-19 trends and quarterly earnings by market heavyweight TCS, analysts said. Investors will also monitor movement of rupee and crude oil as well as progress of monsoon, they added. “Participants will be eyeing key macro indicators like IIP data. […]
I-T dept amends tax challan to include non-resident e-commerce suppliers for equalisation levy
New Delhi: The income tax department has brought in changes to the challan for paying the equalisation levy by expanding its scope to include non-resident e-commerce players supplying goods or services online. Over two dozen non-resident tech companies would come under the purview of the equalisation levy which was introduced in Budget 2020-21 and has […]
Considering to replace multi-modal transportation of goods act with national logistics law: Com Min
New Delhi: The commerce ministry is considering to replace the multi-modal transportation of goods act with a full fledged national logistics law with a view to promote growth of the sector, a senior government official said on Saturday. Special Secretary in the logistics division of the ministry, Pawan Agarwal said a National Logistics Efficiency and […]
Proposed Rs 8,250-cr Chambal Expressway to be game changer for MP, UP, Rajasthan: Gadkari
New Delhi: Asserting that the proposed Rs 8,250 crore Chambal Expressway could be a game changer for the poor and tribals living in far-flung areas of Madhya Pradesh, Rajasthan and Uttar Pradesh, union Minister Nitin Gadkari on Saturday urged these states to expedite land acquisition, environment clearances and tax relief for the project. The project […]
Navin Choudhary pitches for doubling farmers’ income through convergence, Atma Nirbhar Bharat
JAMMU: Principal Secretary, Department of Agriculture Production and Farmers Welfare, Navin K Choudhary, today emphasized on doubling farmers’ income through convergence and Atma Nirbhar Bharat Scheme in a meeting held at SKUAST-Jammu. Highlighting the decision of Government to eliminate Essential Commodities Act and allow direct marketing by farmers, Choudhary stressed upon the use of Atma […]
Prior approval for power supply equipment imports from China mandatory: Govt
New Delhi: The power ministry has made prior permission mandatory to import electricity equipment – used in supply network – from prior reference countries like China and Pakistan. The decision taken by the ministry amid a stand-off with China at the border. For India, China and Pakistan are prior reference countries with whom it shares […]
Maximum late fee for delayed filing of GSTR-3B return capped at Rs 500
New Delhi: The maximum fee for delayed filing of monthly and quarterly sales return and tax payment form GSTR-3B till July 2020 has been capped at Rs 500 per return. “In a major relief to the GST taxpayers, the government has decided to cap the maximum late fee for form GSTR-3B at Rs 500 per […]
I-T refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30
New Delhi: The income tax department has issued refunds worth Rs 62,361 crore to over 20 lakh taxpayers between April 8 and June 30. This includes personal income tax (PIT) refunds amounting to Rs 23,453.57 crore issued to 19.07 lakh taxpayers and corporate tax refunds amounting to Rs 38,908.37 crore to over 1.36 lakh taxpayers […]
Domestic air traffic to decline by 41-46pc in FY21 due to COVID impact: Icra
Mumbai: The recommencement of commercial passenger flight services in a graded manner is unlikely to help the domestic aviation industry recover in the current financial year with domestic air traffic expected to shrink by 41-46 per cent and international travel demand by a negative 67-72 per cent year-on-year owing to COVID-19, a report said on […]
