The People’s Bank of China could further cut the proportion of deposits banks must hold as reserves. The broad policy direction for many of the
Category: EXIM
Amendment to Customs Act to confuse traders | Business Standard Column
The government, through the Finance Bill, 2020 (Clause 108), has proposed to amend the Customs Act, 1962, introducing a new Chapter V AA (Section 28DA)
covid-19: Importers of Chinese goods face supply constraints, unable to pay via hawala routes – The Economic Times
MUMBAI: Brijesh Doshi, a trader based in Mumbai who deals in electronic false ceiling lights, was supposed to fly to Hong Kong this week on
Some thoughts on the Budget | Business Standard Column
Ten days after the presentation of the Union Budget ,everything worth saying has already been said or voiced in the media. So here I shall
Coronavirus outbreak opportunity for India to expand exports: Krishnamurthy Subramanian – Times of India
KOLKATA: The coronavirus outbreak in China provides an opportunity for India to expand exports, chief economic advisor (CEA) Krishnamurthy Subramanian said on Wednesday. India is one of
India won’t get anymore special preference from US; here’s why | Business News,The Indian Express
The Trump administration is changing a key exemption to America’s trade-remedy laws to make it easier to penalize about two dozen so-called developing countries including
‘जागतिकीकरणाच्या शोकेस’ला तडे | लोकसत्ता
|| संजीव चांदोरकर अर्थव्यवस्थेची भरभराट ‘बिगर आर्थिक शक्तीं’वरही अप्रत्यक्षपणे अवलंबून असते.. त्यांचा समतोल ढळला तर निव्वळ जागतिकीकरण, आकर्षक कररचना वा ‘ईझ ऑफ डुइंग बिझिनेस’ तारू
A new kind of harassment: Government notice seeking information | Business Standard Column
A new kind of harassment has appeared in India. It’s the notice that seeks information. Sounds reasonable till you see what sort of information is
Budget proposal on remittances abroad triggers fears of double taxation | Business Standard News
The funds sent under the Liberalised Remittance Scheme by resident individuals to study abroad rose to $278 mn in Sept from $160 mn a year
Government has taken specific steps to boost exports: Nirmala Sitharaman | Deccan Herald
The government has taken several steps, including tax refund scheme and enhanced credit to exporters, to boost outbound shipments, Finance Minister Nirmala Sitharaman said on
A clarification: Lost in detail–Economic Times
By Sachin Dave If one were to pass by a conference room in one of the country’s best tax consultancies in Mumbai, one would think a
Incomes of bonafide NRI workers in tax-free countries will not be taxed in India – The Hindu BusinessLine
Finance Ministry clarification on Budget residency provision calms nerves The Finance Ministry has issued a clarification that clears the air over a contentious anti-tax abuse
Residency norms tightened for non-residents – The Hindu BusinessLine
In a setback for many non-resident Indians (NRIs) and not ordinarily resident (NOR) Indians, the Budget has tightened the norms on residency provisions. The intent
US pushing for trade deal that will hurt India – The Hindu BusinessLine
The US will get substantial access to the Indian market and compromise India’s position in future trade agreements When impunity becomes the order of the
The high cost of raising trade walls – The Hindu
In an economically interconnected and technologically inseparable world, India needs to have an open mind on trade India’s international trade posture appeared to turn protectionist
Govt clarifies 10% TDS applicable on dividend payment only, not on capital gains–Business Today
TDS on mutual funds was applicable for only NRI investors or NRIs so far Mutual fund income over Rs 5,000 will be subject to 10
Union Budget 2020: Tax experts not satisfied with govt’s clarification on NRI tax–Business Today
There continues to be a state of confusion over the NRI Tax The government’s clarification on the budget provision related to non-resident Indian (NRI) tax
Back to the dismal future on trade–Economic Times
One key tenet of this government seems to be that Indian industry can grow only behind a wall, raised ever higher year after year, of
Commerce ministry preparing district export plan to boost shipments – The Financial Express
Budgetary support will be provided to make outreach at the district level and prepare this plan, the ministry said. The commerce ministry has initiated a
Exporters likely to be exempted from ‘Tax at Source’ – The Economic Times
New Delhi: The government will soon clarify that the $300-billion exports sector would not be covered by the proposal for 1% tax collected at source (TCS), introduced by the