India Budget 2023
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 mass was that the budget will be full of Sops to incentivize the common people however, the Budget suggests to be continue to focus on structural reforms on which the […]
National Green Hydrogen Mission – Powering Sustainable India
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 energy. Depending on the nature of the method of its extraction, hydrogen is categorized into three categories, namely, grey, blue and green. Green hydrogen is hydrogen produced using electricityfrom clean energy […]
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
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 in India. As compared to MSIPS, the product coverage under SPECS is limited to the core electronic components while the incentives under the scheme remains intact. The more details of […]
PLI Scheme for Manmade textiles
Purpose of the Scheme 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. About the Scheme The scheme has been introduced […]
PLI scheme for Speciality Steel
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 outlay of ₹6322 crores. The scheme is expected to bring in investment of approximately ₹40,000 crores and capacity addition of 25 MT. The scheme will give employment to about 5,25,000 […]
India EU FTA – Trade Disruption in Process
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, this will be another historic milestone for the India as EU is India’s largest trading partner with around 11% of India’s overall trade and India reciprocate the trade with roughly […]
Interplay of TDS/ TCS requirements on trading business
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 having total sales, gross receipts or turnover from the business of more than ₹ 10 crores during financial year immediately preceding the financial year in which purchase of goods is […]
Global Minimum Tax — A Turning Point for Corporate Taxation?
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. It includes a proposal to establish a “Global Minimum Tax” rate on businesses, potentially bringing the U.S. fully on board with an effort that has so far been led primarily by […]
Uttar Pradesh State Industrial Incentives
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 from the perspective of population. The State Government’s proactive initiatives and investment-friendly policies have created a favourable investment climate. Through these transparent policies and reforms, the State of Uttar Pradesh is […]
Karnataka State Incentives for Industry
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 a land of immense opportunity and innovation. It is ideally positioned to make the future happen today. The State’s manufacturing process is supported by critical enablers such as: thriving ecosystem, […]