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Major government strikes to attract global investments for coal mining
The government plans to provide rebates on revenue shares to the winners of commercial coal block auction in order to grab the attentions of the global investors. The finance ministry liberalised the amount 20lakhs crore for Atmanirbhar Bharat scheme. The government will pay 50% rebate on revenue shares for early production to the companies. The rebate will start from the day of commencement date of production till the agreed mining time of work. 50% rebate will be offers to the companies which
Changes on beneficial ownership of FPIs
The Banks and custodians got the strict directions from Sebi (The Securities and Exchange Board of India) to alert about the changes made in beneficial ownership of foreign portfolio investment which are linked which China. The directives of Sebi are for the regulatory of capital market and New Delhi which gripped their pose of investment from China and neighbouring countries and they are focusing on the ownership of offshore investors. Until and unless there is a problem Sebi does not ask for
Notification of amendments on CGST Laws by Finance ministry
With retrospective amendment of CGST the centre got more expanded time for the disbursal of input tax credit. In the amendment of CGST which is related to the transitional arrangements and is more effective for input tax credit. So the expanded time limitation helps to avail the pending input tax credit under the existing law. This amendment is to support the problems for everyone excluding the ruling petitioner for claiming the pending input tax credit or ITC till the date of June 30.
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