According to the latest annual data released by the labour bureau, the share of women workers in registered factories submitting annual returns — working more than the statutorily-mandated maximum limit of 48 hours in a week — increased to a Read More …
Category: Economy
Germany has entered a technical recession
Germany, the world’s fourth largest economy, entered recession as its Gross Domestic Product (GDP) fell 0.3 per cent in the first quarter of 2023.
Sanchar Saathi, ASTER, TAFCOP
To ensure safety and security of the mobile users, the Minister for Communications launched the Sanchar Saathi portal. ASTER TAFCOP
Withdrawal of Rs 2,000 denomination banknotes and Clean Note Policy
The Reserve Bank of India has decided to withdraw Rs 2,000 denomination banknotes from circulation and asked everyone to exchange them by September 30, 2023. The Rs 2,000 notes, however, will continue to be legal tender. Key points Clean Note Read More …
Amendments to Angel tax provisions
The Union Ministry of Finance on May 19 announced proposed changes to the tax regulations pertaining to angel investors. key points
Overseas use of international credit cards will attract TCS
The Union Finance Ministry has included use of credit card abroad by an Indian resident within the $250,000 limit that an individual is allowed to remit abroad in a year under the liberalised remittance scheme (LRS). Key points
Trade margin rationalisation
Recently, the Centre and the pharmaceutical and medical devices industry discussed key issues related to the pricing of drugs and medical devices, including trade margin rationalisation (TMR). Key points
Paper Arabia 2023 exhibition
Paper Arabia 2023 exhibition was held in Dubai. Thirty companies participated in the India Pavilion, mostly from the MSME sector.
Ravneet Kaur-1st woman to head Competition Commission of India
The Appointments Committee of the Cabinet (ACC) has named Ravneet Kaur as the Chairperson of antitrust body, Competition Commission of India (CCI) for a period of five years or till the date of attaining 65 years of age, whichever is Read More …
India and the European Free Trade Association (EFTA)
A Ministerial meeting between India and the European Free Trade Association (EFTA) States (Iceland, Liechtenstein, Norway, and Switzerland) was held in Brussels on May 16, 2023.
Bharat EMart
India Post signed an MoU with Confederation of All India Traders (CAIT) and Tripta Technologies to facilitates operationalisation of a portal called ‘Bharat EMart’.
India’s first International Multi Modal Logistics park
Recently, the Union Minister of Ports, Shipping & Waterways visited the construction site of India’s first International Multi Modal Logistics park in Jogighopa, Assam to review the progress. Key points
CA, CS, Cost Accountants Brought Under PMLA Financial Transactions
The Government of India on 3rd May issued a notification bringing accounting professionals, including Chartered Accountants, Company Secretaries and Cost and Works Accountants, under the ambit of the Prevention of Money Laundering Act (PMLA) if they execute certain financial transactions Read More …
Irrevocable Deregistration and Export Request Authorisation (IDERA)
Recently, the National Company Law Tribunal (NCLT) reserved its order on low-cost airline Go First’s urgent plea for voluntary insolvency resolution proceedings and a moratorium on its obligations, aircraft lessors moved quickly and sought deregistration and repossession of 20 aircraft Read More …
FSSA operationalizes the maximum residue limit (MRL) for five pesticides used in tea
The Food Safety and Standards Authority of India (FSSAI) has operationalised the maximum residue limit (MRL) for five pesticides used in tea.