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Fri, 23 Jun 2017

CBDT Notifies Rule 10CB for Secondary Adjustments

Rule 10CB for operationalising the provisions of secondary adjustment has been notified by the Central Board of Direct Taxes on 15th June, 2017. It prescribes...

India’s Spices Trade: Latest Trend in Exports

India has surpassed all previous export records and has fulfilled the increasing international demand for its quality spices in the face of tough competition...

Know About India’s Export and Import Facts

India’s Foreign Trade: May 2017 MERCHANDISE TRADE EXPORTS & IMPORTS  : (US $ Million) (PROVISIONAL)       MAY APRIL-MAY EXPORTS(including re-exports) 2016-17 22170.62 42739.47 2017-18 24014.62 48649.71 %Growth 2017-18/ 2016-17 8.32 13.83 IMPORTS 2016-17 28443.52 53857.24 2017-18 37856.34 75740.62 %Growth 2017-18/ 2016-17 33.09 40.63 TRADE BALANCE 2016-17 -6272.90 -11117.77 2017-18 -13841.72 -27090.91       EXPORTS & IMPORTS  : (Rs. Crore)   (PROVISIONAL)     MAY APRIL-MAY EXPORTS(including...

Securities Transaction Tax: Latest Amendment

Section 10(38) of the Income-tax Act, 1961 (‘the Act’), prior to its amendment by Finance Act, 2017 provided that the income arising by way of a...

Interest Waived on Short-Term Crop Loans

The Union Cabinet of India has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18. This will help farmers getting short...

Government Abolished Cesses Imposed in Recent Years

In the run up to the July 1 roll out of GST, the finance ministry of India has abolished various cesses on goods and...

India’s Seafood Production: Important Data and Facts

India exported 11,34,948 MT of seafood worth an all time high of US$ 5.78 billion (Rs 37, 870.90 crore) in 2016-17 with USA and...

Initial Public Offer of Indian Renewable Energy Agency

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval to issue 13,90,00,000 fresh equity shares of...

Quick Estimates of Index of Industrial Production

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of April 2017 have been released by the Central...

Capital Gains Tax: Latest Developments in India

The Central Board of Direct Taxes (CBDT) has come out with a final notification specifying the securities transactions that would attract capital gains tax...

India Becomes 2nd Largest Stainless Steel Producer

India has become the second largest stainless steel producer in the world after China. According to data released by the International Stainless Steel Forum (ISSF),...

India’s Own Gold Standard ‘BND 4201’ Developed

Gold reference standard is indispensable in gold and jewellery hall marking and assumes greater importance in the gold monetisation scheme of the Indian government....

RBI Imposes Restrictions on IDBI

The Reserve Bank of India (RBI) has imposed sanctions on IDBI Bank. IDBI Bank is the first lender to be sanctioned by the RBI after...

Provisional Estimates of Annual National Income

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the Provisional estimates of national income for the financial year 2016-17. The...

Nokia and Apple Sign New Patent Agreement

Nokia has settled its legal battle with Apple and signed a new patent licence agreement and  business deal. A previous patent licence contract between the companies...

Baltic Dry Index Slips Below 1000 Points

The Baltic Dry Index (BDI) is an economic indicator issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index...

Definition of ‘Start-Ups’ Changed by Government

In order to promote entrepreneurship in the country, the Government of India has amended the definition of a Startup. The following significant changes have been...

Fair and Remunerative Price Payable by Sugar Mills

The Cabinet Committee on Economic Affairs has given its approval for fixing the Fair and Remunerative Price (FRP) of sugarcane at Rs. 255/- per...

Raif Badawi Wins EU Sakharov Prize

Saudi blogger Raif Badawi, who was sentenced to 1,000 lashes and 10 years in pon for insulting Islam, was awarded the European Parliament's prestigious...

Nobel Prize in Physics

The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Physics 2016 to: David J. Thouless (University of Washington, Seattle,...

Asian Infrastructure Bank Gets New Members

The Asian Infrastructure Investment Bank (AIIB) has approved the membership of Argentina, Madagascar and Tonga. The AIIB’s board of Governors adopted resolutions approving the three...

Bhutan and Maldives Eliminates Measles: WHO

Bhutan and Maldives have eliminated measles, a highly infectious disease that is a major childhood killer globally. The two countries have become the first in...