Month: May 2020

FM launches facility of Instant PAN through Aadhaar based e-KYC

In line with the announcement made in the Union Budget, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman formally launched the facility for instant allotment of PAN (on near to real time basis) here today. This facility is now available for those PAN applicants who possess a valid Aadhaar number and have a …


Revoke TDS deduction for e-commerce firms: IAMAI

The Internet and Mobile Associates of India(IAMAI) said that the tax deducted at souce (TDS) application for all product and service ecommerce firms needed to be revoked by the government. TDS, Which was introduced by through Section 194-0 of the Income Tax (I-T) act under the Finance Act 2020, mandated the deduction of 1% for …


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Finance Minister announces new horizons of growth; structural reforms across Eight Sectors paving way for Aatma Nirbhar Bharat

KEY HIGHLIGHTS ü Commercial Mining introduced in Coal Sector ü Diversified Opportunities in Coal Sector ü Liberalised Regime in Coal Sector ü Enhancing Private Investments and Policy Reforms in  Mineral Sector ü Enhancing Self Reliance in Defence Production ü Policy Reforms in Defence Production ü Efficient Airspace Management for Civil Aviation ü More World-Class Airports through PPP ü India to become a global hub …


Today’s Announcements by FM to greatly boost our Rural Economy and Infrastructure, as well as provide Employment to crores of Poor people and Migrant Workers: Home Minister

Relief package announced by Union Government for different sectors and new MSME definition will give huge boost to industry: Shri Gadkari.

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has said that the relief package announced by the Union Government for different stakeholders/sectors including MSME, labour, agriculture etc. and the new definition of MSMEs will give huge boost to industry. He called for exploring the rating of MSMEs and asked the participants …


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Finance Minister announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan.

KEY HIGHLIGHTS  ü  Rs 40,000 crore  increase in allocation for MGNREGS to provide employment boost ü  Increased investments in Public Health and other health reforms to prepare India for future pandemics ü  Technology Driven Education with Equity post-COVID ü  Further enhancement of Ease of Doing Business through IBC related measures ü  Decriminalisation of Companies Act defaults ü  Ease of Doing Business …