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Govt has lifted anti-dumping duty on PTA

Fulfilling Industrial Calls Approx Read Time: 3 minutes  In News: Fulfilling Industrial Calls While presenting the Budget, the Union Finance Minister announced abolition of anti-dumping duty that was levied on imports of a chemical called PTA in “public interest”. Domestic manufacturers of polyester, who been fighting to remove the duty for four-and-a-half years, have called …

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FM: No extra charge on payments via RuPay, UPI from 1st January

Zero MDR Approx Read Time: 5 minutes  In News: (Zero MDR) To promote digital payments, the FM Nirmala Sitharaman has announced that digital transactions made using RuPay credit cards or UPI QR codes will not face additional charges for merchants or customers from the beginning of next year. Background: In the budget speech in July, …

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Governance Bytes: National e-Assessment Centre

Govt. unveils faceless I-T assessment, opens National e-Assessment Centre Approx Read Time: 2 minutes In News: Department of Revenue, Ministry of Finance has launched the faceless assessment system in the Income Tax department and has inaugurated the National e-Assessment Centre. The nodal National e-Assessment Centre (NeAC) will be located in Delhi and headed by the …

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Governance Bytes: (Decriminalising Companies Act Offences)

Govt to decriminalise 2/3rds of offences under Companies Act – (Decriminalising Companies Act Offences) Approx Read Time: 5 minutes In News: (Decriminalising Companies Act Offences) The Union government is all set to do away with jail term in over 40 of the 66 sections under the Companies Act 2013. The ministry is also seeking to …

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