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CRS IMPLEMENTATION
Rejig of global tax reporting rules to cover digital financeThe revised guidance, issued by the central board of direct taxes (CBDT), lays down an updated compliance framework for reporting financial...- Canada plans to reintroduce job offer points in Express Entry systemCanada's immigration department will bring back points for job offers in its Express Entry system. This move aims to attract global talent ...
- Failure to timely detect flaws in rail caused North-East Express derailment in Oct 2023: CRS probeA final investigation report revealed that undetected flaws in the rail led to the North-East Express derailment at Raghunathpur Station, r...
- Key provisions of CAA may violate certain Articles of the Indian Constitution: Congressional reportUS Congress's CRS raised concerns about India's CAA potentially violating the Constitution. The Act, allowing citizenship based on religion...
- DST seeks people's views through community radio for formulation of S&T policyThe process of formulation of STIP 2020 has been initiated by the Department of Science and Technology (DST) along with the Office of Princ...
- Foreign investors pull out $26 bn from Asian economies; $16 bn from IndiaAmidst global economic recession due to coronavirus, foreign investors have pulled out an estimated USD 26 billion from developing Asian ec...
- Tax department launches web portal for exchange of informationInformation is reported annually by financial institutions which are then exchanged by India under the standard. The web portal will be a r...
- India's retaliatory tariffs to hit US exports worth USD 900 mn: Congressional reportIndia ranked third as a destination for US apple exports in 2017, purchasing USD 97 million of US apples, or 10 per cent of the total expor...
- India will resist American pressure on complying with reimposed Iranian sanctions: US reportThe Trump administration has threatened entities and countries with consequences if they do not bring down their import of Iranian oil to z...
- India can be much larger producer, consumer of natural gas: US Congress reportThe report noted that India could see greater demand for energy with its population expected to be around 1.4 billion people by 2022
- India generally cooperated with sanctions on Iran: ReportIndia and Iran agreed that India would help develop Iran's Chahbahar port that would enable it to trade with Afghanistan unimpeded by Pakis...
- Mauritius to begin automatic tax information exchange from Sept 2018Mauritius will start automatic exchange of tax information with other nations only from September 2018, as it has postponed by a year.
- Semi-high speed train Gatiman Express gets nod to run for one yearBased on the experience of running Gatiman Express at 160 kmph for a year, a further review shall be done at Railway Board for extension of...
- CBDT issue guidance notes on FATCA implementationCentral Board of Direct Taxes issued guidance notes on implementation of reporting requirements for the US law FATCA.
- RBI asks financial entities to be ready to comply with FATCARBI asked all banks and financial institutions to be prepared for the implementation of due diligence and reporting standards under FATCA.
- Clarification by Electrosteel on debt recastElectrosteel has clarified that their Flash Report was discussed in details in the meeting of CDR EG on June 14, 2013 and has been admitted...
- India hesitant to implement US, EU sanctions on Iran: ReportApparently perceiving international sentiment for tightening sanctions on Iran, India has been reducing its dependence on Iranian oil, CRS ...
- Pakistan credibility suffered serious blow after Osama's death: CRS reportCRS, an independent research wing of the US Congress, prepares periodic report for lawmakers, which is strictly for circulation among Congr...
- 'Indo-US nuke trade unlikely to begin until India enters CSC'American companies are unlikely to engage in nuclear trade with India till it becomes a signatory to an international convention on nuclear...
- 'Indo-US nuke trade unlikely to start unless India signs CSC'National Security Advisor Shivshankar Menon who was in Washington last week had announced that India will sign CSC.
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