Miscellaneous News
Inviting applications to set up International Trade Financing Services Platform at GIFT IFSC
25 August 2021 at 05:52IFSCA vide circular dated 9th July 2021 issued the framework for setting up of International Trade Financing Services Platform (“ITFS”) at GIFT International Financial Services Centre (IFSC) for providing Trade Financing Services.
Income Tax Department conducts searches in NCR on a company engaged in trading of telecom equipment
17 August 2021 at 20:44The Income Tax Department conducted searches on 16.08.2021 on a company engaged in trading of telecom equipment and installation and servicing of these items for various telecom players in India
India registered its highest ever annual FDI Inflow of US $81.72 billion during the FY 2020-21
05 August 2021 at 06:27India has received FDI inflow worth US$ 440.01 billion which is 58 percent of the FDI reported in the last 21 years
Income Tax Department conducts searches in Kanpur on a group in the business of manufacturing Pan Masala
30 July 2021 at 16:39The Income Tax Department carried out a search action on 29.07.2021 on a large group based in Kanpur and Delhi.
Income Tax Department conducts searches on a prominent group in Jharkhand
29 July 2021 at 20:16Income Tax Department carried out a search operation on 28.07.2021 on a prominent group in Jharkhand dealing in building construction and real estate.
Income Tax Department conducts searches PAN-India in a prominent group having diversified businesses
25 July 2021 at 06:31Income Tax Department carried out a search operation under section 132 of the Income - tax Act, 1961 on 22.07.2021 on a prominent business group
Income Tax Department conducts search operation in Uttar Pradesh
25 July 2021 at 06:30Income Tax Department carried out a search operation on 22.07.2021 on a group in Uttar Pradesh dealing in Mining, Hospitality, News Media, Liquor and Real Estate.
India emerges as 5th largest forex reserves holder in the world with $608.99 billion as on June 25, 2021
20 July 2021 at 05:59With India’s forex reserves at $608.99 billion as on June 25, 2021 stood, India has emerged as the fifth largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia.
India's overall exports in June 2021 estimated to be USD 49.85 Billion, exhibiting a positive growth of 31.87%
16 July 2021 at 08:34India's overall exports (Merchandise and Services combined) in June 2021* are estimated to be USD 49.85 Billion, exhibiting a positive growth of 31.87 per cent over the same period last year and a positive growth of 17.17 per cent over June 2019
Constitution of an Expert Committee on Longevity Finance by IFSCA
14 July 2021 at 20:20IFSCA has been established as a unified regulator to develop and regulate financial products, financial services, and financial institutions in the IFSCs in India.
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