The Union Cabinet has approved the second and third phases of the nationwide dam rehabilitation and improvement (DRIP) project to ensure safety, rehabilitation, and improvement of dams. The project with a budget outlay of Rs 10,211 crore is aimed at funding physical rehabilitation of dams to ensure water security, support and sustainable development simultaneously with…
India’s largest power producer National Thermal Power Corporation Limited (NTPC Ltd) has entered into a JPY 50 billion (USD 482 million equivalent to INR 3,582 crore) foreign currency loan agreement with Japan Bank for International Co-operation (JBIC). The loan amount will be utilized by the NTPC towards funding its Capex for FGD (Flue Gas Desulphurization)…
It’s a welcome opportunity for the taxpayers struggling to settle their tax disputes. The Government has extended the payment date under its ambitious tax settlement Vivad Se Vishwas Scheme from December 31, 2020 to March 31, 2021. A notification regarding this has been issued according to which tax payment without any additional amount can be…
Union Government’s Mission ‘Vande Bharat’ launched on May 7 with the aim to repatriate Indians stranded in foreign countries and to transport the foreigners stranded in India back to their own countries ever since the COVID-19 induced lockdown came into effect, is all set to enter its seventh phase from October 29. Under the the…
Defence Minister Rajnath Singh has dedicated to the nation a 19.85 Km long Alternate Alignment (from km 0.00 to km 19.350) of National Highway (NH)310 in Sikkim. The road serves as an important link to bolster defence preparedness in the Nathula sector as well as in entire East Sikkim in general.The previous alignment was extensively…
In view of the unprecedented scenario faced by the taxpayers due to COVID-19 outbreak, the government has extended various time limits for income tax return filing for FY 2019-20. To initiate this special provision, the government has brought taxation and other laws with (relaxation of certain provisions) ordinance 2020 which inter alia extended various time…
Prime Minister Narendra Modi launched Kisan Suryodaya Yojana, a scheme to provide 16-hour seamless power supply to farmers in Gujarat. He also inaugurated a paediatric heart hospital in Ahmedabad. The hospital is connected with the UN Mehta Institute of Cardiology and Research. He also inaugurated a mobile application for tele-cardiology in Ahmedabad Civil Hospital. Apart…
Jal Shakti Ministry has reviewed the progress of Jal Jeevan Mission implementation in Jammu and Kashmir which has over 18 lakh 17 thousand households, however, only eight lakh households are provided tap water connections there. According to the Ministry, Jammu and Kashmir is all set to gain 100 percent coverage by the end of 2022…
In a major relief to the states struggling to meet GST revenue shortfall, the central government released Rs 6000 crore revenue as the first tranche. The amount has been transferred to sixteen states and two union territories which include Assam, Bihar, Goa, Haryana, Karnataka, Gujarat, Tripura, Delhi, Jammu and Kashmir, Himachal Pradesh, Andhra Pradesh, Uttarakhand,…
The Government of India (GoI) has now permitted all OCI and PIO cardholders to visit India, but through authorized airports, or seaports check posts. It has decided to allow graded relaxation in travel and visa restrictions for more categories of foreigners who wish to visit India. The rule allows flights operated under Air Transport Bubble…
