Section 206C (1G) of the Income-tax Act, 1961 (“the Act”) provides for collection of tax by a seller of an overseas tour programme package from a buyer, being a person purchasing such package, at the rate of 5% of the amount of the package. Representations were received from domestic tour operators who were facing difficulties in collection of tax from ...

Seven AAI airports namely Chennai, Kolkata, Goa, Pune, Patna, Bhubaneswar & Chandigarh that participated in ACI-ASQ survey in 2021, have been chosen for Voice of Customer Recognition under Airports Council International (ACI) World’s Voice of the Customer initiative.Airports Council International has initiated the ‘Voice of the Customer’ initiative to acknowledge and recognize airports that continued to prioritize their customers and ...

Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said, ISRO has launched a total of 129 satellites of Indian Origin and 342 foreign satellites belonging to 36 countries of which nearly 39 satellites are commercial satellites and rest ...

National Aluminium Company Limited (NALCO), one of India’s largest integrated manufacturer and exporter of alumina and aluminium, has surpassed several milestones in its journey of business excellence in Q3 of financial year 2021-22. The Company registerednearly 3.5-fold increase in Net profit to clock Rs. 831 crore in Q3 of FY22, a jump of 246%compared to Rs. 240 crore in Q3 ...

Till December 2021, ₹ 57,411 crore has been collected under District Mineral Foundation (DMF) in the country. Details are in Annexure – I The Central Government under Section 20A of the MMDR Act has issued directions and circulated guidelines for Pradhan Mantri Khanij Kshetra KalyanYojna (PMKKKY) on 16.09.2015 to be implemented by the District Mineral Foundations (DMF) for taking up ...

Total of 32 coal mines have been auctioned by Ministry of Coal from FY 2016-17 onwards to till date. Details of coal mines auctioned may be found in the Annexure. Out of afore mentioned 32 coal mines successfully auctioned, four coal blocks having Annual production capacity of 21.6 Million Tonne are situated in the State of Odisha. Total of Rs.7,37,51,41,459/- has ...

Promotion and development of enterprises is a State subject. The Central Government supplements the efforts of the State/UT Governments through various schemes, programmes and policy initiatives for promotion, development and enhancing the competitiveness of MSMEs and to increase employment opportunities in the country. The Ministry of MSME implements various schemes and programmes for growth and development of MSME Sector in ...

Union Minister of Power and New & Renewable Energy Shri R.K. Singh on Monday dedicated Automatic Generation Control (AGC) to the nation. This is expected to  facilitate achieving the government’s ambitious target of 500 GW non-fossil fuel-based generation capacity by 2030. The AGC is being operated by Power System Operation Corporation (POSOCO) through National Load Despatch Centre. Through AGC, POSOCO sends signals ...

Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are focused on maximising sales through existing and new markets with continuous efforts to improve upon the customer services.  SAIL has set up a country wide network of 4 regional offices, 37 Branch Offices, 41 Distributors and over 3340 Dealers to market their products.  The distribution network of ...

Countries including India, party to the World Trade Organization (WTO) are obliged to follow the rules and regulations of international trade under WTO Agreements, including the Most-Favoured Nation (MFN) clause. WTO also provides scope to derogate under specific conditions including National Security provisions. Accordingly, the Export policy of Govt. of India is framed within such parameters. For exports from 01.01.2021, ...