Open Acreage Licensing Policy
India has offered 23 hydrocarbon blocks in the third exploration bidding round of the Open Acreage Licensing Policy (OALP).
US considers withdrawal of zero tariffs for India
Amid a widening dispute over its trade and investment policies, India could lose a vital US trade concession.
Startups to be listed for angel tax exemption
The Department for Promotion of Industry and Internal Trade (DPIIT) and the Central Board of Direct Taxes (CBDT) agreed to compile a list of startups eligible for angel tax exemption.
New financial services regulator
The Union Cabinet has approved establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India.
Amendments to Banning of Unregulated Deposit Schemes Bill
In order to deal with illegal deposit taking activities, the Union Cabinet approved amendments to the Banning of Unregulated Deposit Schemes Bill, 2018.
Angel tax norms to be relaxed
Why is it in the news ?
E-commerce and new rules
As the new FDI rules for e-commerce become applicable from 1st February, online retailers have started realigning their platforms to ensure compliance.
Manufacturing on rise
The country’s manufacturing sector activity edged higher in January as companies continued to scale up production and employment.
DIPP renamed
The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade.
Input tax credit under scanner
Given the decline in GST revenues, tax officials are likely to examine the high usage of input tax credit (ITC) to set off tax liability by businesses.