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 one lakh shares to a person X. Selling price of one share ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs • Legal & Constitution Current Affairs
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 launch water metro project. About the Project The project is operated by ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs
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 Dhabi, UAE (United Arab Emirates). Highlights The exemption has been provided under ..
Month: Current Affairs - November, 2020
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 Committee that was constituted to study about the international retail business development ..
Month: Current Affairs - October, 2020
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 by Indian vendors. Also, the procedure includes manufacturing category that encourages foreign ..
Month: Current Affairs - September, 2020
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 USD in India in the future. Highlights The investment will mainly focus ..
Month: Current Affairs - July, 2020
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 by 19 billion USD and the portfolio investment declined by 13.7 billion ..
Month: Current Affairs - July, 2020
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 are procured from domestic firms. Highlights The GFR 2017 (General Financial Rules) ..
Month: Current Affairs - May, 2020