Author: Corp India News
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CCEA amends Mega Power Policy 2009 for power projects
Under the Chairmanship of Prime Minister Narendra Modi, the Cabinet Committee on Economic Affairs (CCEA) has extended the time to identify 10 Provisional Mega certified projects for furnishing the final Mega Certificates to the Tax authorities for 36 months. The Committee came to this decision as the time concession for furnishing the final mega certificate…
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Bharat Founders Fund: Indian Unicorns to provide funds to new startups
Founders and top executives become the real-time Sharks (from the TV Reality Show ‘Shark Tank’), forming a collective fund, Bharat Founders Fund, for new startups. About 65 entrepreneurs have now donned the investor’s cap through the Bharat Founders Fund (BFF) launch to invest in pre-seed stage companies. Among them are the famous Unicorn founders Vidit…
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ONGC Videsh sells Russian Oil to Indian Refiners at Bargain
ONGC Videsh Ltd failed to attract bidders for its Russia Oil due to sanctions, sold one cargo of Russian Sokol oil to Hindustan Petroleum Corp and Bharat Petroleum as per a report. After several corporations and nations rejected purchases from Moscow owing to sanctions against Russia for its invasion of Ukraine, Indian companies are purchasing…
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Crypto Transactions may attract GST for Indian and foreign Exchanges
The Government of India is contemplating levying Goods and Services Tax (GST) on Crypto Exchanges in India on the procurement of Crypto assets from those outside the country. As per the report, the tax department is currently scrutinising how exchanges that allow trading in India manage their cryptocurrency float and whether there is any element…
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Export Preparedness Index 2021: Gujarat leads again
Gujarat has retained its top position in Niti Aayog’s Export Preparedness Index 2021. According to the report, states with significant coastlines, such as Maharashtra, Karnataka, Tamil Nadu, as well as the Northern state of Haryana, were among the top five states in the index. While among union territories, Delhi topped the index, followed by Goa,…
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India’s mobile phone exports to cross the Rs 43,500 Cr mark: ICEA
Despite the economic effect of the Covid-19 pandemic, such as lockdowns, loss of labour, supply chain crisis, India’s mobile phone exports are expected to cross the Rs 43,500 crore mark in the current financial year. According to the India Cellular and Electronics Association (ICEA), mobile phone exports have increased up to 75 per cent from…
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Personal Finance: Tasks to accomplish before March end
March ending signifies the deadline to fulfil many financial tasks under personal finance. It includes government notifications, bank instructions and then income tax returns. Here is a reminder of the important financial tasks to be accomplished before the year ends Link Aadhaar number to PAN Card It is now mandatory to submit your Aadhaar Card…
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Top Crypto bourses to stay away from IPL
Pandemic that started before Indian Premier League 2020 season, bought several challenges. The impact of Covid19 wasn’t limited to life, but it also affected economy, businesses of different sector and sports industry too. As lockdown was imposed and number of Covid cases were increasing in mid-2020, the IPL was postponed later in the year. By…
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Another GeM in the Crown: Govt e-Marketplace crosses Rs 1 lakh crore order value
Prime Minister Narendra Modi applauded the Central Government’s web portal, Government e-Marketplace (GeM), to procure goods and services for central and state government, for achieving the milestone of Rs 1 lakh crore order value in one year. The Prime Minister wrote on Twitter, “Happy to know that @GeM_India has achieved order value of Rs 1…
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Gautam Adani’s philanthropy: A big leap towards nation building
Philanthropy, no matter what religion or tribe one belongs to, is ingrained in Indian culture since the beginning of the Indus Valley civilization. There have been extraordinary instances of charity in Indian history that not only reiterated humanity at the most demanding times but also became a landmark of our society’s progress. The news of…