The much awaited Foreign Trade Policy 2015–20 was unveiled today by Minister of Commerce & Industry Mrs. Nirmala Sitharaman, at Vigyan Bhawan. The new five year Foreign Trade Policy, 2015–20 provides a framework for increasing exports of goods and services…
Category: Others
After Garments, Electronics items & Jewellery & Accessories Snapdeal Planning to Sale Real apartments
DLF, India’s largest real estate developer, is likely to start selling its apartments online later this month following an arrangement with e‑tailer Snapdeal. The developer will sell mostly studio apartments and mid-segment apartments in the Rs 35–65 lakh range. The deal…
Payment/Receipt in excess of Rs. 20000/- to be made in DD/Cheque/E‑Transfer on Sale/Purchase of Immovable Property
In order to reduce dealings of cash in immovable property transactions it is proposed to amend section 269SS and section 269T of the Act in Budget 2015. Section 269SS of the Act is proposed to be amended to provided that no person shall…
Insurers can hire Insurance agents without Irda licence from April 1, 2015
IRDA the Insurance sector regulator in India said insurance companies can appoint individual agents on their own without licence from the regulator from April 1. The regulator also plans to make health insurance, so far considered a part of the…
Share Market will open on Budget day i.e., on Saturday & however there will no Transaction on Mutual Fund
Saturdays & sundays are normally non- business day in Stock Market & Mutual Fund Market. The Securities and Exchange Board of India had intimated the stock exchanges that the market would remain open on the day of the Union Budget.…
2nd & 4th Saturday will be Banking Holiday & 15% Wage Increament for Bank Employees
Discussions were held between the Indian Banks’ Association representing Managements of Banks and the authorized representatives of Workmen Unions and Officers’ Association, on wage revision for officers in banks on 23.02.2015 at Mumbai. After holding several rounds of discussions. the…
For availing various government online services such as industrial license, MCA name availability, PAN, TAN, MCA DIN, IEC etc. Register at www.ebiz.gov.in
eBiz is India’s one-stop-shop of convenient and efficient online Government-to-Business (G2B) services. The core theme of eBiz lies in radical shift by Government in its service approach, from being department-centric to customer-centric, in providing services to the business community. From…
Only one IEC against a single PAN, Multiple IECs will be deactivated suo-moto
Public Notice No. 87 (RE-2013)/2009–2014 New Delhi, dated the 17th February, 2015 Subject: Cancellation of validity of Multiple IECs against single PAN — reg. The para 2.9(b) of the Handbook of Procedure (HBP-Vol.I) (2009–2014) provides for only one IEC against a single…
Fees for Online IEC Applications Revised to Rs. 250 from Rs.500
Public Notice No.85 (RE-2013)/2009–2014 New Delhi, dated the 13th February, 2015 Subject: Fees for Online IEC Applications: Corrigendum to Public Notice. 79 / (RE-2013)/2009–2014 dated the 31st December, 2014. In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy…
Google brings in PE subsidiary to capitalise on Indian startup boom
Google is setting up its growth capital arm in India to double down on startup investing as it turns bullish on fast-growing local emerging companies that have drawn attention from big investors across the world. Google Capital will hire a team and invest…