-
FDI Inflow in calendar year 2020 declined to US$ 74.01 billion
FDI INFLOW The total FDI inflow includes equity inflow, equity capital of unincorporated bodies, re-invested earnings and other capital. During the calendar year 2021, total FDI inflow of US$ 74.01 bi...
-
Investment from Land Border Sharing Countries
In order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic, Government amended the FDI policy vide Press Note 3(2020) dated 17.04.2020 whereby an entity of...
-
Import of Substandard & Harmful Toys from China declining
Import of Substandard and Harmful Toys The import of toys, games, sports equipment from China is showing a declining trend. The imports of these products from China have reduced from 451.71 USD millio...
-
9 Key schemes/interventions for Export Promotion by Government
Export Promotion Government is encouraging and promoting Indian exports in international markets and initiate suitable interventions from time to time. The key schemes/interventions taken are: 1. Mark...
-
CS Trainee Drive(I) -2022 | Student and Recruiter Registration
CS Trainee Drive(I) -2022 – Student Registration Last Date 25th March 2022 Link to register: https://tinyurl.com/bdcseakb Dear Students, Greetings from the !!! Institute of Company Secretaries of Indi...
-
ICAI to undertake detailed study on virtual currencies or cryptocurrency
Public Relations Committee The Institute of Chartered Accountants of India 22nd March, 2022 ICAI PRESS RELEASE ICAI’s to introduce focused initiatives aimed at Inclusive Growth, Sustainable and Resili...
-
Bribery Case: CBI Recovers Rs. 28 Lakh Cash From Premises of DGGI Officer
CBI Conducts Searches At 5 Locations; Recovers Rs. 28 Lakh (Approx) Cash From Premises of Senior Intelligence Officer In Bribery Case of Rs. 60 Lakh CBI has conducted searches at 5 locations at the pr...
-
CBI arrests Chennai Post Trust official in alleged fraud case
CBI ARRESTS AN OFFICIAL OF CHENNAI PORT TRUST IN AN ON-GOING INVESTIGATION OF A CASE RELATED TO AN ALLEGED FRAUD IN PRE-CLOSURE OF CHENNAI PORT TRUST’s FIXED DEPOSITS CAUSING LOSS OF Rs. 45.40 CRORE (...
-
IBBI Admits More than 4,000 cases Into CIRP since FY 2016
More than 4,000 cases admitted for corporate insolvency resolution process (CIRP) since FY 2016 and out of these 359 cases resolved with realisable value of more than Rs 2 lakh crore for creditors. As...
-
RBI not proposed any Mechanism for Trading of Cryptocurrencies
GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO: 2864 ANSWERED ON: 21.03.2022 Mechanism for Trading of Cryptocurrencies T.R.V.S. Ramesh Kotagiri Sridhar Sanjay(Kaka) Ramchandra...
-
84.61% of total defrauded funds attached under PMLA & FEOA
84.61% of total defrauded funds attached/seized under Prevention of Money Laundering Act, 2002 (PMLA) and Fugitive Economic Offenders Act, 2018 (FEOA) and Consortium of banks realizes Rs. 7,975.27 cro...
-
More than 95% MSMEs benefitted under ECLGS
As informed by the National Credit Guarantee Trustee Company Limited, the agency which operates the Emergency Credit Line Guarantee Scheme (ECLGS), as on 11.3.2022, a total of 117.87 lakh businesses h...
-
Multiple Expressions of Interest received for privatisation of BPCL
The Transaction Advisor appointed for the privatisation of BPCL had informed that multiple Expressions of Interest (EoIs) had been received for privatisation of BPCL, and the transaction is in second...
-
IBBI Admits 1,060 Cases Into CIRP In Around 2 Years
IBBI admits 1,060 cases into corporate insolvency resolution (CIRP) process in around 2 years As per the information provided by Insolvency and Bankruptcy Board of India, in the years 2020-21 and 2021...
-
SFIO assigned 14 cases involving 95 companies in FY 2021-22
Serious Fraud Investigation Office (SFIO) formed through a Government Resolution is an Investigating Agency under Ministry of Corporate Affairs (MCA), which was given statutory recognition under the C...
-
Income Tax Dept searches a prominent Real Estate Group of North India
The Income Tax Department carried out search & seizure operations on 14.03.2022 in the case of a leading Real Estate Group active in Northern India. The search action covered more than 45 premises in...
-
Current legal status of cryptocurrency in India
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO.2800 TO BE ANSWERED ON 21.03.2022 Status of Cryptocurrency. 2800: SHRI KARTI P. CHIDAMBARAM Will...
-
EPFO adds 15.29 lakh net subscribers during in January, 2022
The provisional payroll data of EPFO has been released today, i.e., 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of p...
-
Income Tax Department searches unicorn start-up group
Income Tax Department conducts searches on a Pune & Thane based unicorn start-up group Income Tax Department conducted a Search & Seizure operation on a Pune & Thane based unicorn start-up group, prim...
-
Request for relaxation on levy of additional fee in filing of ROC forms
Request for relaxation on levy of additional fee in filing of e-forms AOC 4, AOC 4 (CFS), AOC 4- XBRL, AOC 4 Non XBRL and MGT 7/MGT 7A for the financial year ended on 31.03.2021 under the Companies Ac...