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HSN Code: New rules
The Ministry of Finance recently announced that the businesses with annual turn over of more than Rs 5 crores will have to furnish six-digit HSN code on their tax invoices. The businesses with an annual turn over of less than ..
Month: Current Affairs - April, 2021
What is Green Ammonia?
The Government of India is recently inviting bids for Green Ammonia Projects to reduce the import dependence of the country. As per the Union power and new and renewable energy Ministry, the bids for Green Ammonia projects will be conducted ..
Month: Current Affairs - December, 2020
India bans import of refrigerators, Air Conditioners completely
India recently banned the import of refrigerants and air-conditioners completely tightening norms on “non-essential” imports. This has been done to reduce imports from China and tighten local manufacturing. This says that an importer cannot fill in the refrigerant outside India. ..
Month: Current Affairs - October, 2020
GSFC launches indigenous varieties of Calcium Nitrate and Boronated Calcium Nitrates
On October 9, 2020, the Gujarat State Fertilizers and Chemicals India Limited (GSFC) launched the indigenous variety of boronated calcium nitrate and Calcium nitrate. The Chemicals are being manufactured in the country for the first time. All these years these ..
Month: Current Affairs - October, 2020
India to set up Coal Exchange
India is to set up Coal Exchange trading platform soon. According to the proposal to set up the India Coal Exchange platform, the entire coal mined in the country is to be traded on a common platform called “Coal Exchange”. ..
Month: Current Affairs - June, 2020
GoI: 10 Sectors identified to cut imports
On June 3, 2020, the Department of Promotion for Industry and Internal Trade identified 10 sectors where in the imports are to be cut. This includes textiles, jewelry, mobile, gems, pharmaceuticals, garments, electronics, machinery, etc. Highlights The GoI has recently ..
Month: Current Affairs - June, 2020