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Exchange rate notification No. 40/2021 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.31/2021-Customs(N.T.), dated 18th March, 2021 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of ...

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Sanction for prosecution accorded in 366 cases in violation of CSR provisions

Whenever any violation of CSR provisions is reported, action against such non-compliant Companies are initiated as per provisions of the Act after due examination of records and following due process of law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today. ...

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Bankrupt Companies after lockdown was imposed due to COVID-19 pandemic

As per information from Insolvency and Bankruptcy Board of India (IBBI), details for the period from 01.04.2020 to 31.12.2020 of the number of companies declared bankrupt in the country after the lockdown was imposed due to COVID-19 pandemic is as under: 283 firms were admitted into corporate insolvency resolution process (CIRP). 76 CIRPs ended in resolution, 128 CIRPs were closed ...

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POWERGRID Signs Agreement to Acquire 74% Stake in Jaiprakash Power Ventures Limited

Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSE under Ministry of Power, Government of  India has signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire 74% stake in Jaypee Powergrid Limited-JV (JPL) in which POWERGRID holds 26% equity. JPL will become a wholly owned subsidiary of POWERGRID following this acquisition. JPL-JV has developed a ...

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CCI approves acquisition of 51% of the equity share capital of NESCO Utility by Tata Power Company Limited from Grid Corporation of Odisha Limited

The Competition Commission of India (CCI) approves acquisition of 51% of the equity share capital of North Eastern Electricity Supply Company of Odisha (“NESCO Utility”) by The Tata Power Company Limited  (“TPCL”) from Grid Corporation of Odisha Limited (“GRIDCO”) under Section 31(1) of the Competition Act, 2002, on 18th March 2021. The proposed combination relates to the acquisition of 51% ...

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Dr. Harsh Vardhan inaugurates Centre for Advanced Radiation Shielding and Geopolymeric Materials and an Analytical High Resolution Transmission Electron Microscope Laboratory at CSIR-AMPRI, Bhopal

The Minister of Science & Technology, Earth Sciences and Health & Family Welfare, Dr. Harsh Vardhan, has said that CSIR-AMPRI has been successfully adopting ‘Waste to Wealth’ strategy as the institute has developed radiation shielding materials utilizing industrial wastes as raw materials.Significantly , a novel process for making lead free and highly effective shielding materials useful for the construction of ...

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Nitin Gadkari Inaugurates Two-day Workshop on Implementation of Clusters under SFURTI in New Delhi

Union Minister for Micro, Small and Medium Enterprises, Shri Nitin Gadkari inaugurated a two-day Workshop on implementation of traditional artisan clusters under Scheme of Fund for Regeneration of Traditional Industries (SFURTI) at the Dr. Ambedkar International Centre in New Delhi on Tuesday. Minister of State for MSME, Shri Pratap Chandra Sarangi was also present on the occasion. Shri Gadkar inaugurated ...

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MoU signed for Paradeep Plastic Park between IOCL and IDCO

Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an agreement and a Memorandum of Understanding (MOU) to developParadip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan, Shri Naveen Patnaik, Chief Minister of Odisha and other dignitaries. Addressing ...

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GST compensation shortfall released to States reaches Rs. 1.04 Lakh crore

18th Instalment of Rs. 4,000 crore released to the States on Monday, 1st March, 2021 94 percent of the estimated shortfall released The Ministry of Finance, Department of Expenditure has on Friday, released the 18th weekly instalment of Rs. 4,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 3,677.74 crore has been ...

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GST Revenue collection for February 2021

                               Revenues for the month of February 2021 ,             7% higher than the GST revenues in the same month last year The gross GST revenue collected in the month of February 2021 is ₹ 1,13,143 crore of which CGST is ₹ 21,092 crore, ...

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