News on Indian Economy
There was a report in certain section of media that stock traders/day traders are required to furnish scrip wise details in the return of income for AY 2020-21. The gain from share trading in case of stock traders or day traders is generally categorised as short-term capital gains or business income.
India plans to offer $4.6 billion in incentives to companies setting up battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, Reuters reported.
Infrastructure is one of the five pillars of AtmaNirbhar Bharat envisioned by our Hon’ble Prime Minister and it is a matter of great pride that these high-speed, high-frequency commuter trains for RRTS are entirely being manufactured under the government’s ‘Make in India’ policy
In a big push towards electric mobility the Government has sanctioned 670 Electric buses in the states of Maharashtra, Goa, Gujarat and Chandigarh and 241 Charging Stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair under Phase-II of FAME India Scheme.
The government has constituted five task forces to make India”s micro, small and medium enterprises future-ready and formulate a concrete strategy towards making the country a leading exporter, a top government official said on Thursday.
Government data showed that the local production of smartphones is edging closer to normalcy with exports recovering to pre-Covid levels and imports falling by around half from June highs.
India has begun a sunset review of an anti-dumping probe on the imports of melamine from China based on a complaint by Gujarat State Fertilizers & Chemicals Limited. Antidumping duty was first imposed on the product in 2004 and was extended after multiple reviews. The existing duties will expire on January 27, 2021.
The online system enables the jewellers to submit the application for registration and fees online. In this system there will be no human interface in processing the applications. The moment a jeweller submits the application with the requisite fees, he will be granted registration.
Run-of-the-river plant along the Char Dham route will provide a major boost to Uttarakhand
The solar plants on vacant railway land will be installed with a capacity of around 67 MWp, while 40 MWp will be set up along the track under PPA mode.The solar plants on vacant railway land will be installed with a capacity of around 67 MWp, while 40 MWp will be set up along the track under PPA mode.
