Topic: Foreign Investment
What is Angel Tax?
The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. Say a startup SSS sells...
Kochi Water Metro Project
The Kochi Water Metro Project is a ferry transport project. It provides feeder service to the suburbs. With this Kochi has become the first city in India to...
CBDT exempts Sovereign Wealth Fund: Key Facts, Benefits, Types, Sources of Sovereign Wealth Fund
The Central Board of Direct Taxes recently exempted the interest, dividend and long term capital gains made by the Sovereign Fund MIC Redwood 1 RSC Limited of Abu...
Injeti Srinivas Committee submits report
On October 22, 2020, the Injeti Srinivas Committee submitted its second interim report to the chairperson of International Financial Services Centres Authority (IFSCA). It was an IFSCA Expert...
Defence Minister releases new Defence Acquisition Procedure
On September 28, 2020, the Defence Minister Raj Nath Singh released a new Defence Acquisition Procedure, 2020. It has special incentives for products that are designed and developed...
Google to invest 10 billion USD in India
On July 13, 2020, PM Modi interacted with the CEO of Google, Mr Sundar Pichai. After the interaction, the CEO announced that Google is to invest 10 billion...
RBI releases International Investment Position
On June 30, 2020, Reserve Bank of India released its data on International Investment Position, IIP. Highlights According to the data, the direct investment in the country rose...
GoI amends General Financial Rules
On May 21, 2020, the Government of India amended General Financial Rules to make sure the goods and services that are of value less than Rs 200 crores...
Claims against India under Bilateral International Treaty dismissed
The Bilateral International Treaty organization, an international arbitration tribunal recently dismissed all the claims against India. Highlights The claims against India was brought the organization by private firms...
Global Bio-India Summit: India’s first largest biotechnology conference
India’s largest biotechnology conglomerate was held in New Delhi between 21 November, 2019 and 23 November, 2019. The event was organized by the Department of Bio Technology under...
Haryana Government sets up new Foreign Cooperation Department
The Haryana Government has created a new department called Department of Foreign Cooperation. The aim of the department is to focus on initiatives that are taken by the...
