News Updates
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.
Decriminalising various provisions by amending ordinance to companies law
Our government has permitted such direct overseas or foreign listings for Indian companies and made some changes in the strategies for ease of doing business in post Covid-19 pandemic. Indian industry got a support by the digital seminar which is organized by the Confederation of Indian Industry to recover the mining industry on May 21 with the partnership of Finnish-Russian solution supplier “ZYFRA”. The webinar is organized to support the Indian industry and also for focusing the
Covid-19 will be treated as force majeure in RERA
The ministry of finance of corporate affairs Nirmala Sitharaman has announced to extend the registration and completion of the projects which are to be expired by 25 March by another six months in suo-moto motion without any individual application and hence it will be issued by the ministry of housing affairs on the states and urban territories including their regulatory authorities. This is an impact of coronavirus pandemic which are to be considered as the risk standing on RERA
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