AEO is a programme under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade. The programme
KEY HIGHLIGHTS OF THE SCHEME Financial Outlay of Rs. 1261 Crore for the period from 2024-25 to 2025-26. The scheme aims to provide drones to
It is a significant move to harness the potential of digital media for government communication. This policy empowers the Central Bureau of Communication (CBC), the
Corporate Social Responsibility (CSR) refers to the ethical and voluntary initiatives that businesses undertake to improve their social and environmental impact beyond legal and regulatory
Exploring the New Form 10B and 10BB for A.Y 2023-24 Onwards Introduction Every year, the Indian government introduces changes and updates in the income tax
Indian Government has rolled out a separate tax regime under Section 115BAB for setting up of new manufacturing companies in India. This move was brought
The Investor Education and Protection Fund (IEPF) is a statutory fund established by the Government of India under the Companies Act, 2013. Its primary purpose
Government of India is set to roll out 2 new PLI Schemes i.e. Footwear and Bicycle to promote manufacturing in India. These will be the
Scheme for Promotion of Research and Innovation in Pharma MedTech Sector (PRIP) Objectives of the Scheme :- Transform Indian Pharma MedTech sector. Move from cost
Incentives for Green Hydrogen Electrolysers The Govt. of India on 28th June 2023 – Ministry of New and Renewable Energy (MNRE – Hydrogen Division) announced
#indiaNiti is a Policy Update Newsletter covering various policy Initiatives of Indian Government. We have covered following initiatives in this publication:- – Indian Space Policy
Indian Government has launched again a PLI Scheme to incentivize manufacturing of consumer electronics in the country. Salient features of the scheme are as follows:-
Do we need to file any form in US for the newly setup company? This question haunts all the investors who are setitng up a
Kerala Government has recently released a New Industrial Policy 2023 for the state. The policy will apply without any expiry. The Industrial policy is based
RBI has through Foreign Exchange Management (Overseas Investment) Regulations, 2022 has amended the regulations governing overseas investment by Indian Companies. The amended regulations inter alia covers
Recently Andhra Pradesh has issued its State Industrial Policy 2023-27 covering the incentives proposed by the state with a mission to build a prosperous state.
MeiTY has recently extended the period for filing new application under Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors by another 1 year.
Introducing our 1st Newsletter on various policy initiatives of Government of India between January to March 23. This newsletter will provide birds eye view of
The Government has passed Finance Act 2023 with over 64 amendments including contentious changes to the taxation of debt instruments and increase in the rate
India has reach record high Export Performance in Merchandise and Services Exports during this period. India’s Merchandise and Services exports is expected to cross record USD 760 Billion in FY2022-23.
Click Here Previous Next Finance Minister announced Budget 2023 which is the last full year budget before the General Elections. While the expectations of the
What is Green Hydrogen Hydrogen is emerging as an important source of energy since it has zero carbon content and is a non-polluting source of
SPECS is a scheme which comes as a substitution of erstwhile Modified Special Incentive Package Scheme (MSIPS) intended to promote manufacturing of core electronic goods
Purpose of the Scheme The Production Linked Incentive (PLI) Scheme is intended to promote production of MMF Apparel & Fabrics and, Technical Textiles products in
Union Cabinet approved the PLI Scheme for Speciality Steel. The duration of the scheme will be five years, from 2023-24 to 2027-28 with a budgetary
Background There are reports coming up suggesting resumption of the talks on trade deal between India and EU by the end of 2021. If successful,
Introduction Finance Act, 2021 has introduced Section 194Q with effect from 1st July, 2021. Briefly about Section 194Q Who needs to comply: Buyer of Goods
The Biden administration in April 2021 released an outline of its proposed changes to U.S. corporate tax policies, called the “Made in America” tax plan.
State Incentives in Uttar Pradesh Uttar Pradesh is one of the biggest state in India not just in terms of the land parcel but also
Karnataka State Industrial Policy – FY 2020-2025 The Government of Karnataka has introduced state industrial policy for years starting from 2020 to 2025. Karnataka is
PLI Scheme Details The scheme provides financial incentive (cash subsidy) for setting up manufacturing facility for advanced battery pack and advance chemistry cells (“ACC”); A
PLI Scheme Coverage Air Conditioners , high value intermediates (copper tube, aluminium foils and compressors) and low value intermediates (PCB assembly for controllers, BLDC motors,
Eligibility Beneficiaries of the PLI scheme will be selected through a transparent bidding process and will be shortlisted after consideration of the following three parameters:
Telecom Equipment/ Products Covered Core transmission 4G/ 5G, Next Gen Radio and Wireless IoT and other wireless Enterprise equipment: Switches, Routers Dense Wavelength Division Multiplexing
Pharma PLI Scheme Details: The manufacturers of pharmaceutical goods registered in India will be grouped based on their Global Manufacturing Revenue (GMR) to ensure wider
In order to boost domestic manufacturing and cut down on import bills, the central government in March 2020 introduced a scheme that aims to give
A demat account (short for “dematerialized account”) is an account to hold financial securities (equity or debt) in electronic form. In India, demat accounts are maintained by
1 ACC BATTERIES Advance Chemistry Cells (ACCs) are the new generation advance storage technologies that can store electric energy either as electrochemical or
The Biden administration in April, 2021 released an outline of its proposed changes to U.S. corporate tax policies, called the “Made in America” tax plan.
PLI Scheme – Overview Government of India (GOI) has approved a new Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)”
Attached is the copy of Finance Act 2021 as approved by both houses and received accent of the President.
Applicability In order to analyse the applicability of the Equalisation Levy, it is first necessary to understand the scope of the levy on ecommerce. As
The government of India has announced in 2019 that it will come with the production linked incentive scheme for manufacturing sector to make India a
[2021] 123 taxmann.com 459 (Article) Date of Publishing: January 29, 2021 India is currently witnessing one of the strongest support from the complete globe which is evident from the
Challenges faced by taxpayer Bulky submission and documentation to be prepared and submitted to tax authorities Liaising with the jurisdictional assessing officer Differences of opinions with the tax authorities while making representations
The Gujarat HC has instructed the Indian Government to consider and take appropriate steps for extending the due date for filing Tax Return to 31 March
Today, the Union Cabinet has passed the production linked incentive (PLI) for 10 key critical industry sectors. The total budget outlay of the incentive is
Notification No. 81/2020 In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance (No. 2) Act, 2019
The Finance Minister today unveiled the Atmanirbhar Bharat Package 3.0 to provide financial stimulus to the struggling economy. The package consist of 12 proposals as