Brics MSME Rountable Emphasis Upon Formulation of a Future Roadmap to Accelerate Growth of MSME Sector

Secretary, MSME Shri B.B. Swain has emphasized upon formulation of a future roadmap to accelerate growth of MSME sector post Covid-19 and a guide towards creating business environment for the benefit of MSMEs. Addressing the BRICS Nation’s vision of Post-Covid Roadmap for ‘the growth accelerating sector’, he called forevaluating the extent of damage of theContinue reading “Brics MSME Rountable Emphasis Upon Formulation of a Future Roadmap to Accelerate Growth of MSME Sector”

Special Economic Zones touch new heights in terms of performance in Exports, Investment and Employment

In various Special Economic Zones (SEZs) across the country, 1096 Nos. of units has been registered during the last three years. The exports by these units during the last three years Zonal SEZ- wise and year-wise are as under:- Sl. No. Name of the Zone Exports (in Rs. Crores) 2018-19 2019-20 2020-21 1 MEPZ SEZContinue reading “Special Economic Zones touch new heights in terms of performance in Exports, Investment and Employment”

Agri exports registered an increase of 17.37% in 2020-21

India’s agriculture exports during 2020-21 have registered an increase of 17.37% as compared to exports during 2019-20. Commodity-wise details of India’s agriculture exports, during 2019-20 and 2020-21, are at Annexure-I. of exports of agricultural products is an ongoing process. To promote agricultural exports, the Government has introduced a comprehensive Agriculture Export Policy (AEP) to harnessContinue reading “Agri exports registered an increase of 17.37% in 2020-21”

Government takes various initiatives to boost Industrial Manufacturing

Government takes various initiatives to boost Industrial Manufacturing. Takes steps to uplift the Startups and promote ‘vocal for local’ campaign and e-Commerce Government of India has taken several steps to improve the quality standards of products manufactured under the AatmaNirbhar Bharat Campaign. These inter alia include :     Quality Control Orders (QCOs): Since the announcement of AatmaNirbharContinue reading “Government takes various initiatives to boost Industrial Manufacturing”

‘Startup India’ a symbol of “National Participation & National Consciousness

“There is a new energy in our startups space. In just first 6 months of 2021, India has seen 15 more unicorns” – Shri Piyush Goyal “Indian startups are more than commercial success stories and they are key to India’s transformation” – Shri Goyal ‘Startup India’ a symbol of “National Participation & National Consciousness” –Continue reading “‘Startup India’ a symbol of “National Participation & National Consciousness”

161st Income Tax Day: A journey towards Nation Building

The 161st anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across India here today. As part of the observance, the field formations held a range of activities. Reflecting the Income Tax Department’s spirit of cohesion, competence, cooperation and constructive engagement, the activities included WebinarsContinue reading “161st Income Tax Day: A journey towards Nation Building”

Income Tax Department conducts searches PAN-India in a prominent group having diversified businesses

Income Tax Department carried out a search operation under section 132 of the Income – tax Act, 1961 on 22.07.2021 on a prominent business group, which is involved in businesses in various sectors, including Media, Power, Textiles and Real Estate, with a group turnover of more than Rs. 6,000 crore per annum. 20 residential andContinue reading “Income Tax Department conducts searches PAN-India in a prominent group having diversified businesses”

Income Tax Department conducts searches in Uttar Pradesh

Income Tax Department carried out a search operation on 22.07.2021 on a group in Uttar Pradesh dealing in Mining, Hospitality, News Media, Liquor and Real Estate. The search began in Lucknow, Basti, Varanasi, Jaunpur and Kolkata. Cash of more than Rs. 3 crore has been seized and 16 lockers have been placed under restraint. DocumentsContinue reading “Income Tax Department conducts searches in Uttar Pradesh”

CBIC reduces compliance burden by abolishing renewals of licenses/registrations

The Central Board of Indirect Taxes and Customs (CBIC) has w.e.f. 23.07.2021 abolished the requirement of periodic renewals of Licence/Registration issued to Customs Brokers and Authorised Carriers. This would greatly help reduce the compliance burden cast on the trade, which had to otherwise make application and submit numerous documents to renew their licenses/registrations. The netContinue reading “CBIC reduces compliance burden by abolishing renewals of licenses/registrations”