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GST Council Approves the Draft GST Bill

The Government's Goods and Services Tax (GST) Council has approved the draft Central GST Bill and the draft Inter-State GST Bill. The bills now be placed before the Parliament. The GST is a historic tax reform in India.
 
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Govt. Takes Further Steps Toward Bankruptcy Reform

The Insolvency and Bankruptcy Board of India (IBBI) has recognized two Insolvency Professional Entities (IPEs), which have a critical role in transactions under the Insolvency and Bankruptcy Code, 2016. The Code and its regulations provide for strengthening capacity on a continuous basis, as India works to overhaul and modernize its bankruptcy process to aide ease-of-doing business.
 
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Govt. Approves MoU for Women's Empowerment

The Government has approved the signing of a memorandum of understanding between India and the United Nations Entity of Gender Equality and the Empowerment of Women. The proposal seeks to provide technical support in strengthening capacities to improve gender equality through legislation, policies and programs.
 
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World Bank CEO Lauds PM Modi's Demonetization Move

World Bank CEO Kristalina Georgieva has lauded PM Narendra Modi's demonetization move. "What India has done will be studied by other countries," she said, adding, "there hasn't been demonetization in a country so big." Georgieva was in India for two days for her first official visit.
 
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IT Minister Prasad: India Open for Widest Cyber Security Collaboration

The Government is open for international collaboration in cyber security and favors the handling issue of cyber terrorism in cooperation with other countries, said the IT Minister Ravi Shankar Prasad, at the international conference on e-governance, ICEGOV, in Delhi. The ongoing conference is the tenth in the series being organized in collaboration with the UN University and UNESCO, to explore how digital government can lead to digital empowerment by local knowledge.
 
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OECD Survey: Indian Economy Expanding at Fast Pace

According to a new report from the OECD, the Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. The latest OECD Economic Survey of India 2017 finds that the acceleration of structural reforms and the move toward a rule-based macroeconomic policy framework will sustain the country's rapid economic expansion.
 
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Economy, ecosystems, industry in reset mode: CRISIL

India is witnessing a series of resets, be it in growth expectations, ecosystems or industries, and such structural changes will have more long-term benefits than short-term.Ashu Suyash, Managing Director & CEO, CRISIL, said, ''The ongoing resets would lead to consolidation in three ways: in consumption, after the demonetisation shock; in infrastructure, through deployment of innovative financing; and, lastly, in market shares because capacities will change hands for various reasons such as intense competition, GST, policy action, formalisation of the economy, andstressed assets resolution.''
 
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Cabinet approves India’s accession to the Customs Convention on International Transport of Goods under cover of TIR Carnets (TIR Convention)

The Convention will help Indian traders to have access to fast, easy, reliable and hassle free international system for movement of goods by road or multi- modal means across the territories of other contracting parties.
 
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Govt launches new scheme for developing export linked infrastructure

Trade Infrastructure for Export Scheme (TIES) seeks to bridge the infrastructure gap and provide forward and backward linkages to units engaged in trade activities. The government has launched a new scheme — TIES — for developing export linked infrastructure in states with a view to promote outbound shipments.
 
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Web Portal Launched for Environmental Clearances in Coastal Zones

The Ministry of Environment has launched a web portal for obtaining Coastal Regulation Zone (CRZ) clearances, another example of India's efforts at improving ease of doing business. The Portal is a user-friendly initiative, which enables submission of applications for CRZ clearances in a single-window interface and facilitates quick flow of information related to CRZ clearances.
 

 

calender Mar 14, 2017

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