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Showing posts with the label Government Of India

The DESH Bill

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~Preet  sez.jpg  This image does not belongs to the writer or publisher this image was found on https://economictimes.indiatimes.com/news/economy/policy/partial-denotification-of-sezs-single-window-clearance-mechanism-in-desh-draft/articleshow/92396526.cms During the forthcoming monsoon session of Parliament, the government intends to introduce the Development of Enterprise and Service Hubs (DESH) Bill. It intends to revitalise interest in SEZs and establish more inclusive economic centres by overhauling the existing Special Economic Zone regulations from 2005. SEZs will be renamed Development Hubs and will be exempt from many of the rules that presently limit them. These hubs will serve as both domestic tariff areas and SEZs, facilitating both export-oriented and local investment. To bring taxes in line with those imposed by units outside the country, the government may apply an equalisation levy on products or services supplied to the domestic market. The World Trade Organization'

Things Have Changed In FCRA.

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 ~Preet Image Taken From :- https://capindia.in/foreign-contribution-regulation-amendment-rules-2020-further-tightens-the-bolts/ No rights of the image belongs to the writer or publisher. The Foreign Contribution (Regulation) Act was recently revised by the Ministry of Home Affairs (FCRA). In November 2020, the Ministry toughened the FCRA rules, making it clear that NGOs (Non-Governmental Organizations) that are not directly linked to a political party but engage in political action such as bandhs, strikes, or road blockades will be considered political if they participate in active politics or party politics. All NGOs receiving money are required by law to register with the FCRA. The action comes after the government raised the import tariff on gold from 7.5 percent to 12.5 percent in an effort to discourage gold imports, which increase the trade imbalance and put pressure on the currency and FX reserves. An increase in gold import tariff will raise the cost of import and discourage i