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New form for filing Income Tax Returns

New ITR Form: An updated return is not allowed to be filed if it has the effect of showing a loss or reducing the total tax liability determined previously or resulting in a refund or increases the refund. The form requires suitable disclosures in this regard. Read More

April 28, 2022

USTR Katherine Tai again places India in IPR watch list

The USTR said despite India's justifications of limiting IP protections as a way to promote access to technologies, India maintains high customs duties on IP-intensive products such as medical devices, pharmaceuticals, information and communications technology products, solar energy equipment and capital goods. Read More

March 31, 2021

NAL rolls out Hansa-NG trainer aircraft

CSIR-NAL manufactured and delivered 11 aircraft to flying clubs across India through DGCA during the year 2000 to 2007. The total flying hours logged by these aircraft is about 4,000 hrs. Read More

February 17, 2021

Finance ministry hikes Border Road Organisation’s budget by over 7 percent

With an eye to improve border road infrastructure on China border, where Indian Army faces an increasing belligerent China’s People’s Liberation Army (PLA), Indian government has hiked the allocation for the Border Road Organisation (BRO) by over 7% for the next financial year beginning in April. Read More

November 21, 2020

RBI expert group suggests hiking promoters’ stake to 26%

The RBI expert group on the ownership structure of private banks also recommended for opening of banking sector for large corporate houses. Read More

September 1, 2020

GST Tax: August GST Collection stands at Rs 86,449 crores

GST Collection in August 2020: The Centre and States collected Rs 86,449 crore in GST revenue in August this year, a decline of Rs 11,753 crores in comparison with the GST collected during the same month last year. Finance ministry said GST collection in June is 88% of the GST collected during the same month last year. Read More

GST, GST Return, GST News, GST Meeting, GST Nil Return Through SMS

July 27, 2020

GST Return: How to file GST Nil returns by sending SMS

How to file Nil GSTR-1 Returns through SMS: In a big relief to GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the filing of NIL GSTR-1 return just by sending a SMS. It would substantially improve ease of GST compliance, according to the tax experts. Read More

May 16, 2020

FDI in India: Modi government allows 74% FDI in defence sector

FDI in Defence: Modi government Saturday allowed increase in the cap in Foreign Direct Investment (FDI) in defence sector from present 49% to 74%. Read More

May 12, 2020

Prime Minister Modi announces Rs 20 lakh crore Atma Nirbhar Bharat package

Rs 20 lakh crore Atma Nirbhar Bharat Package: Prime Minister Narendra Modi Tuesday announced special economic package of Rs 20 lakh crore, nearly 10 per cent of the country’s GDP, to make the country a manufacturing giant and self-reliant. “The crisis that has emerged due to COVID-19 is unprecedented, but in this battle, we not... Read More

Meri Sarkar Railway Shramik Special Train

May 12, 2020

Taking labourers home: Railways operates 542 Special Shramik Trains

Special Shramik Trains: Indian Railways, which has shut passenger movement since March 25, said that it has operated a total of 542 Shramik Special trains till May 12, transporting nearly 6.5 lakh (6,50,000) passengers. Read More

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