ECONOMY
In a game-changing growth, the Company Affairs Ministry (MCA) has notified the much-awaited new accounting normal on ‘Insurance coverage Contracts’ (Ind AS 117), setting the stage for a serious overhaul of accounting practices within the insurance coverage business. The brand new Accounting Commonplace (Ind AS 117), which might be relevant from April 1, 2024, would … Read more
The Division for Promotion of Trade and Inside Commerce (DPIIT) might take a relook on the FDI restrictions at present imposed on China as a part of its general evaluate of the nation’s FDI coverage. Stakeholder consultations are nonetheless on and a last resolution is but to be taken, sources have mentioned. Additionally learn: Photo … Read more
Disruptions in India’s commerce with Bangladesh have been largely addressed and the federal government is hoping for full restoration of exports and imports as quickly as potential, Commerce Secretary Sunil Barthwal has mentioned. Additionally learn: India lacks capability to grab ‘Bangladesh alternative’ for ready-made clothes, say specialists “We’re monitoring the commerce which is occurring throughout … Read more
The Nationwide Institute of Meals Expertise Entrepreneurship and Administration, Kundli (NIFTEM-Ok) has developed a low-cost, pesticide detection package for tea, which is anticipated to be commercialised quickly. The biosensor primarily based speedy package helps detect the presence of pesticide in a tea pattern inside minutes, officers at NIFTEM stated. Tata Client Merchandise Ltd has supported … Read more
63 Moons Applied sciences Restricted has determined to promote its ODIN, MATCH, and STP-GATE companies to Synapsewave Improvements Personal Ltd (SIPL) for ₹135 crore. SIPL is concerned in pc programming, consultancy, and associated companies. In filings to BSE and NSE, 63 Moons mentioned the sale is topic to approval from regulatory authorities, courts, and shareholders. … Read more
India’s function as a key provider to the worldwide features market has diminished over the previous three years attributable to sturdy home demand and the Authorities’s insurance policies to maintain home provides throughout the nation, the US Division of Agriculture (USDA) has mentioned. “From commerce yr (TY) 2020-21 to 2023-24, corn exports are estimated to … Read more
The Company Affairs Ministry (MCA) has mandated that each one international firms’ incorporation can be dealt with by the Central Registration Centre (CRC) at New Delhi. The brand new centralised regime — which was earlier dealt with by Registrar of Firms — will come into impact from September 9. The most recent transfer, which signifies … Read more
Ousted Bangladeshi PM Sheikh Hasina, in her first public outreach after fleeing her nation on August 5, has mentioned that these linked with rioting, killings and destruction in Bangladesh have to be investigated, recognized and suitably punished. In a written handle to the individuals of Bangladesh posted on social media platform X by her son … Read more
The Commerce Division has begun consultations with business gamers for Funds 2025-26, searching for solutions associated to customs duties, different levies and providers resembling banking and credit score that might enhance the profitability and competitiveness of home producers and exporters, sources mentioned. “The Commerce Division has already began reaching out to varied industrial our bodies … Read more
Social Alpha, a multistage innovation curation and enterprise improvement platform, targets to achieve 10 million farmers over the subsequent three years via its lab-to-market platform, its founder Manoj Kumar has mentioned. Social Alpha, a platform for science and know-how start-ups aiming to handle essential social, financial and environmental challenges, helps start-ups to provide you with … Read more