News Update

Doctrine of Umbilical Cord puts onus on Executive to protect Supreme Court for own survival!UGC releases list of 24 self-styled fake universities; Delhi & UP top tallyI-T - One time membership fees paid to National Stock Exchange for getting registered as broker, is capital expenditure: HCCSIR, DoT join hands to set up Time Stamping & Synchronisation NetworkACC clears elevation of Ms Indu Malhotra as SC Judge but plays possum over Justice K M JosephST - When review order and appeal of revenue has not disputed portion of order dropping demand, revenue cannot, in hearing, before Tribunal dispute same: CESTATDelhi DRI seizes 41 kg foreign-marked gold + Rs 48 lakh cash + 213 kg silver worth Rs 13 CroreI-T - Direct debit of commission by foreign agents before transferring sale considerations, makes exporters ineligible for benefit of Section 80HHC(2): HCISRO reschedules launch of GSAT-11ST - Agreement is for supply of materials and cannot, by any stretch of imagination, be considered as an agreement for rendering services - amount of advance received cannot become part of value: CESTATMSME Ministry to set up Digital Trade DeskKolkata DRI seizes 14.4 lakh foreign cigarettes from container misdeclared as Facial TissueCentral Staffing Scheme - Govt notifies Rs 9000 hike in deputation allowance'Innovate in India' gets USD 125 millionI-T - Payment made to acquire trade mark which facilitates entry into a particular market is revenue expenditure: HCI-T - Interest income earned from deposit of share application money statutorily required to be kept in separate account is incidental in nature and assessee is entitled to set it off against expenses relating to public issue: SCCabinet approves MSP for Raw Jute for 2018-19 seasonI-T - While making invocation of Sec 147 conditional, Legislature does not intend to allow Revenue to adopt liberal interpretation of expression 'reason to believe': SCCabinet okays MoU with BRICS medicine regulatory agenciesJodhpur Court convicts Asaram in Rape CaseCabinet okays declaration of Schedules Areas in Rajasthan under Fifth ScheduleConstruction of GST on Residential Flats (See ' JEST GST on GST Home Page')I-T - Infra companies having exposure to substantial risk connected with construction projects, are eligible for Section 80-IA benefits: ITATWhen Domestic Tax Laws Reach Beyond Customs Frontiers
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TOP NEWS

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UGC releases list of 24 self-styled fake universities; Delhi & UP top tally
April 26, 2018
CSIR, DoT join hands to set up Time Stamping & Synchronisation Network
April 26, 2018
MSME Ministry to set up Digital Trade Desk
April 25, 2018
'Innovate in India' gets USD 125 million
April 25, 2018
Cabinet approves MSP for Raw Jute for 2018-19 season
April 25, 2018
Cabinet okays MoU with BRICS medicine regulatory agencies
April 25, 2018
Cabinet okays declaration of Schedules Areas in Rajasthan under Fifth Schedule
April 25, 2018
Tax on LTCG - Govt seeks opinion on proposed provision
April 24, 2018
Finance Commission visits Assam to accelerate development
April 24, 2018
SBI to issue second tranche of Electoral bonds from May 1
April 24, 2018
World Bank loans USD 210 mn for rural road connectivity in MP
April 24, 2018

India exploring signing of MoU with South Korea for Road Information System
April 23, 2018

Think Tank on National Policy on E-Commerce to meet tomorrow
April 23, 2018
Diu Smart City becomes first to run on 100% Renewable Energy during daytime
April 23, 2018
Ordinance promulgated to attach properties of Fugitive Economic Offenders
April 23, 2018
Trade liberalisation increases GDP & private consumption: OECD
April 23, 2018
GST team of CGST & SGST officials bag PM's Award on Civil Services Day
April 22, 2018
Online Dispute Resolution mechanism launched
April 22, 2018
PFRDA issues diktat for NPS subscribers
April 21, 2018
India will continue to perform robustly with big economic reforms: Garg
April 21, 2018
Alagh focuses on funding infra financing gaps
April 21, 2018
Diesel turns into Gold! DRI busts smuggling racket
April 21, 2018
BRICS discusses constitution of Working Group on illicit financial flows
April 20, 2018
GoM on Transport recommends uniform road tax structure
April 20, 2018
Govt seeks feedback to Draft Coastal Regulation Zone
April 20, 2018
FC to individually assess needs of each State: NK Singh
April 20, 2018
Govt to give new award to certain ranks of Civil servants
April 19, 2018
Govt spends Rs 637 cr to combat air pollution
April 19, 2018
India almost ready with Rs 600 Crore Chandrayaan-2
April 19, 2018
Govt launches Study in India Portal for foreign students
April 19, 2018
CBDT warns of action as plaints of misconduct pour in
April 18, 2018
Govt plans to accelerate growth of districts by 3 per cent
April 18, 2018
PM addresses Indian Community in Stockholm
April 18, 2018
1.3 crore e-Way Bills generated till yesterday; Six more States going for intra-state option
April 18, 2018
Electoral bonds have built-in security features: Govt
April 18, 2018
GST Council proposes simplified model for filing returns
April 17, 2018
Govt to spend Rs 1 lakh cr on Delhi-Mumbai expressway: Gadkari
April 17, 2018
GSTR-4: Govt clarifies manner for filing quarterly return under composition scheme
April 17, 2018

Black Money Act - Power vested in one CIT(A) in each Pr CCIT jurisdiction
April 17, 2018

FDI - Govt issues clarification on fund-based activities
April 17, 2018

Meghalaya gets USD 48 mn loan from World Bank
April 16, 2018

Skill development needed in handicraft sector, says Smriti Irani
April 16, 2018
Incidents of Maoist violence reduced by 20%, says MHA
April 16, 2018
Over 1500 BSE-listed Cos spent Rs 8900 Cr on CSR in 2017
April 16, 2018
Centre for Solar Study Lamps inaugurated
April 15, 2018
ITDC bags Rs 550 Cr Kakinada Tourism Project
April 15, 2018
Inter-State trade - Over 91 lakh e-Way Bills generated in 12 days
April 15, 2018
e-Way Bill - CBIC lays down detailed procedure for inspection, detention & release of goods
April 14, 2018
CBIC prescribes uniform procedure for recovery of old arrears in GST regime
April 14, 2018
CBIC invites inputs for review of Drawback rates
April 14, 2018
Allotment of PAN eased for corporate assessees
April 14, 2018
Are you finding it difficult to row the boat all by yourself in GST?
April 13, 2018
WTO sees trade picking up by 4.4% in 2018 but trade war may bruise it
April 13, 2018
MP gets USD 140 mn investment for better rural road connectivity
April 13, 2018
Law Commission seeks response on Uniform Civil Code by May 6
April 12, 2018
Startups to get tax concession on angel funding
April 12, 2018
Online dashboard to monitor public grievances launched
April 12, 2018
Maths is scary! - Govt sets up Panel to minimise its fear
April 12, 2018
NCB makes record seizure of opium + Cocaine
April 12, 2018
Let's start valuing Girl Child, says Priyanka Chopra
April 12, 2018
Cabinet nod for delegation of powers to award oil blocks
April 11, 2018
LG's pay and allowances brought at par with Secretary to Govt
April 11, 2018
CCEA approves exploitation of CBM from areas under Coal Mining Lease
April 11, 2018
Cabinet okays MoU with UK on return of illegal migrants
April 11, 2018
CJI has all the powers to decide on allocation of cases: Supreme Court
April 11, 2018
No bias in terms of reference for 15th Finance Commission: Govt
April 11, 2018
World EXPO 2020 in Dubai - India to have large pavilion
April 11, 2018
Bottom-up approach required for higher growth rate: Prabhu
April 10, 2018
Railways received FDI worth USD 389 mn since 2014
April 10, 2018
e-Way Bill - five large states going for intra-State option from April 15
April 10, 2018
CPSEs can help India reduce import bill: PM
April 10, 2018
Major chunk of development aid channelised to LDCs in 2017: OECD
April 10, 2018
Bharat Bandh on Tuesday - States directed to take all precautionary steps
April 09, 2018
JNPT to roll out Direct Port Delivery transport solution
April 09, 2018
Govt needs to downsize to balance income & expenditure: Prof Nayyar
April 09, 2018
Nariman favours SINGLE Appeal system in place of three tier system
April 09, 2018
Debate on simultaneous polls - One Nation, Two Elections floated as new idea
April 09, 2018
Oli invites Indian Industry to invest in Nepal
April 08, 2018
GST - Over 34 lakh e-Way Bills generated in first 5 days
April 08, 2018
Fin Commission visits Arunachal to consider finance & infra suggestions
April 07, 2018

Budget Session ends with not much tangible business on record
April 07, 2018

NPA's - 1.77 lacs properties attached, but only 15k cr recovered so far
April 07, 2018
Gold Monetization programme is not tax amnesty scheme: MoS
April 07, 2018
GST - States paid close to Rs 42000 cr as compensation since July 2017: MoS
April 06, 2018
Anti Profiteering will cease to exist after two years, says MoS
April 06, 2018
DIPP spends Rs 569 crores on startups for creation of 6515 jobs
April 06, 2018
5% GST on catering in railway stations & trains
April 06, 2018
Performance of about 22000 Group A official reviewed; Rule 56(j) invoked against 83: MoS
April 06, 2018
56 new airports to be operational in few years: Prabhu
April 06, 2018
House Panel wants BIS to focus on core activities
April 06, 2018
CBDT notifies new ITR Forms for AY 2018-19
April 05, 2018
CBIC decides to withdraw Revenue cases to reduce litigation
April 05, 2018
Pension received from former employer - Eligible for standard deduction: CBDT
April 05, 2018
HNIs migrating from India - CBDT sets up Panel to study tax implications
April 05, 2018
Cabinet nod for pact with Iran on trade remedies
April 05, 2018
CCEA okays Rs 1221 Cr budget for updation of Assam National Register of Citizens
April 05, 2018
Cabinet approves Protection of Human Rights Amendments Bill, 2018
April 05, 2018
SC ordered 299 cases for CBI probe in 3 yrs; Vacancies slowing down probe
April 04, 2018
2711 Startups got incorporated last year: MoS
April 04, 2018
Departmental Inquiries - 13K is last 3 yrs average
April 04, 2018
Carry Aadhaar to visit prisoners in Jail
April 04, 2018
GST - Govt sets up Grievance Redressal Mechanism for technical glitches
April 04, 2018
FICCI urges RBI to ease norms to make capital more affordable
April 04, 2018
Road Counting - India to switch to Lane KM system from current fiscal
April 04, 2018
Govt launches three portals to boost agri export
April 03, 2018
Dip in illegal construction cases in NCT: MoS
April 03, 2018
Number of PhD aspirants on the rise: Govt
April 03, 2018
IGNOU establishes 12 Overseas Study Centres
April 03, 2018
Govt amends Guidelines for accredited Journalists to curb Fake News
April 03, 2018
Six Central Universities approved for starting Yoga Department
April 03, 2018
Foreign Tourists flocking India for medical purpose
April 03, 2018
Six monuments in N-E identified for listing under World Heritage Sites
April 03, 2018

CBIC Special Drive output - Rs 1136 Cr ITC refund + Rs 4265 Cr IGST refund
April 02, 2018

e-Way Bill - It was low-generation day for all States except for Karnataka & Gujarat
April 02, 2018
Income Tax annual target achieved; Personal Income Tax collection grows by 19%
April 02, 2018
Multi Modal Logistic Park at Balli Inaugurated
April 02, 2018
Delhi pollution forces Govt to advance BS-VI fuel roll-out: Pradhan
April 02, 2018
e-Way Bill roll-out - About 20K transporters not registered under GST, enrol on new portal
April 02, 2018
Temperature likely to be above normal this summer: IMD
April 02, 2018
DRI seizes FICN at Vizag & gold worth Rs 1.7 Cr at Kolkata
April 01, 2018
e-Way Bill - CBEC issues clarifications valid for certain situations
April 01, 2018
NHAI awarded 7400 km road projects last fiscal
April 01, 2018