CBDT proposed 30-40% digital tax for tech giants like Google, FB and Amazon

The Central Board of Direct Taxes (CBDT) has prepared a draft proposal under the newly introduced concept of 'significant economic presence', also known as digital permanent establishment (PE), which...

J P Morgan became first US Bank with Cryptocurrency

JP Morgan rolled out as the first US bank with cryptocurrency. The change in opinion of JP Morgan is the first step in the program of making it more...

Govt. to set-up a Unified Authority for Regulating Entities in IFSC

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in...

New E-commerce Policy comes into effect

The new E-commerce Policy comes into effect which was notified in December 2018 by Department of Industrial Policy and Promotion (DIPP) headed by the ministry of Commerce and...

UAE, Saudi Arabia central banks launched digital currency ‘Aber’

The central banks of the United Arab Emirates and Saudi Arabia have launched a common digital currency called 'Aber'. It will be used in financial settlements between the two...

Sushil Modi to head committee to look into GST revenue shortfall faced by states

The Deputy Chief Minister of Bihar, Sushil Modi will be heading the seven-member group of ministers (GoM) that will look into revenue shortfall being faced by the states after...

Govt. raised its contribution in National Pension System to 14% from 10%

Union Cabinet has decided to raise contribution of Central Government to National Pension System (NPS) corpus of its employees from 10% to 14%. This will increase in eventual accumulated...

India and Japan signed record USD 75-billion currency swap deal

India and Japan signed a pact to raise the scope of a bilateral currency swap arrangement to a record USD 75 billion, aimed at bringing in greater stability in...

WEF launched Centre for Fourth Industrial Revolution in India

The World Economic Forum (WEF) has announced its new Centre for Fourth Industrial Revolution in India.. The Centre will be based in Maharashtra. It was launched by Prime Minister...

Government launched Niryat Mitra mobile app

Union Ministry of Commerce and Industry has launched Niryat Mitra mobile application for exporters and importers of the country. The app developed by Federation of Indian Export Organisations (FIEO),...

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