The criteria for allowing companies to avail of this provision will include profitability, networth, paid-up capital, and turnover.
Whether it took the corona crisis to bring about the transformation, or otherwise, the change ought to be welcome, notes Virendra Kapoor.
The comments come at a time when the Supreme Court-constituted Special Investigation Team has detected funds worth about Rs 4,479 crore (Rs 44.79 billion) held by Indians in a Swiss branch of HSBC bank, while unaccounted wealth totalling Rs 14,958 crore (Rs 149.58 billion) have been traced within home.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
Just hours after the White House confirmed that United States President Barack Obama would be travelling to India in January, the State Department on Friday announced that it will send a top diplomat to India next week to lay the ground work for the historic presidential visit.
The Biden administration has announced that it is delaying the H-1B policy of the previous Trump administration on allocation of the popular foreign work visas by continuing with the lottery system until December 31, 2021, to give the immigration agency more time to develop, test and implement the modifications to the registration system. On January 7, the US Citizenship and Immigration Services (USCIS) announced to do away with the traditional lottery system in deciding the successful applicants for the H-1B visas. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
The United States has said it has no problem with India's engagement with Russia, but cautioned that it was not the right time to have trade deals with Moscow because of a series of international sanctions against it.
The IT modernisation project with this outlay was approved by Cabinet Committee of Economic Affairs in November 2012.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
The bilateral trade between India and China stood at $65.85 billion in 2013-14.
The Congress's revival plan says it needs to bring back into its fold Hindus repelled by the Sangh Parivar, take its message to youth and women and sections upset at curbs on their personal freedoms.
The United States has said it supports a direct dialogue between India and Pakistan as outlined in the Shimla Agreement
The COVID-19 pandemic, weak economic conditions, and a few political considerations are some of the challenges he faces.
The initiative is one of the several steps which the government has announced in order to improve ease of doing business in India and attract investments to boost manufacturing in the country
The highest water-use efficiency of more than $ 50 per cubic metre is in Oceania, Australia, New Zealand, Singapore, Israel, Denmark, Finland, and Great Britain while the lowest is in Central and South Asia, including India, at less than $ 10 per cubic metre.
The Customs clearance required for moving equipment like laptops, desktops, etc out of SEZ units was delaying things as the clearance had to be taken in person after a first level of approval online.
Jaitley mentioned that the use of technology has helped in improving the system of filing income tax returns and expeditiously providing refunds
Provident fund body may get support to ensure interest rate comparable with other savings instruments.
Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India. In a report titled 'Not-for-Profit Hospital Model in India', the Aayog also pitched for involving high performing hospitals in public private partnership (PPP) models for managing primary health care (PHCs), operations of government facilities and PSU hospitals. "Income-tax exemption could be increased from the current 50 per cent exemption to 100 per cent exemption for philanthropy toward the identified not-for-profit hospitals.
US President-elect Biden has a history of advocating on behalf of women in the US and around the world and the new team announcement is a continuation of that work.
The Department of Telecom, Department of Industrial Policy and Promotion, Ministry of Home Affairs, Ministry of External Affairs and the Department of Economic Affairs had to give their comments on the proposal, sources said.
In these times, the sight of a public gathering of hundreds of people mostly without face masks is alarming. But that is exactly what is happening across the United States, as groups of Americans are taking to the streets in protest of lockdown orders aimed at limiting the spread of Covid-19. Those taking to the streets say that the stringent measures restricting movement and businesses are unnecessarily hurting citizens.
Many argue there's a mismatch between Prime Minister Narendra Modi's focus on international exposure and his government's diktat to officials on limiting travel.
Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.
Admiral describes it as 'a path-breaking change'; defence ministry official disagrees.
India and the US also agreed to support the efforts of the Harvard Business School and the Indian Institute of Management Ahmedabad to develop a cluster map.
'What steps have the higher level of political leadership taken to remove corruption from the system and bring in honest governance?'
Relax fiscal consolidation, boost public capex and reduce cost of finance, industry tells Centre
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Led by Ajay Shriram, chairman and senior managing director, DCM Shriram, the CEO's delegation seeks to convey to their American counterparts the sense of optimism amongst Indian industry.
Even with the Rs 20,000 crore distributed among states, it will still be a fraction of what they have been demanding in financial support and clearance of pending dues.
Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.Indian Americans are not just shining in the fields of technology, education and management. You can now spot them every where... in politics, in research, in the movies and even on YouTube, says Ignatius Chithelen.
Budget forces last minute change in finance minister's plans.
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
The lawsuit seeks an injunction to stop the entire rule from going into effect.
The 557th meeting of the Central Board was chaired by RBI Governor Raghuram Rajan, and attended by the four deputy governors among others
Finance Minister Nirmala Sitharaman on Tuesday held a review meeting on credit guarantee scheme with heads of public sector banks, and asked them to expedite loan disbursement under the Rs 3-lakh crore ECLGS for MSME sector, hit hard by coronavirus-induced lockdown. The meeting on Emergency Credit Line Guarantee Scheme (ECLGS) was held through video conference, and the minister appreciated the efforts of banks in execution of the scheme.
Prasad said country's postal department is 150 years old and needs improvement and the government is trying its best to do the needful.
'By causing military humiliation of India it intends to send a signal to other Asian countries to toe the Chinese line,' argues Colonel Anil A Athale (retd).
