WORLD TRADE SCANNER

Pay Duty on Re-export after 12 months of Import

ABS News Service/23.11.2020

Govt Allows Foreign Seafarers to Sign on at Indian Ports

ABS News Service/23.11.2020

India is Net Exporter of Agri Machinery; EEPC India Organises FarmMech 2020 to Promote Exports

ABS News Service/23.11.2020

India likely to Report Current Account Surplus for Current Fiscal Year, CEA Subramanian

ABS News Service/23.11.2020

CAIT in War against Arbitrariness of E-commerce Portals

ABS News Service/23.11.2020

Modi Highlights Solar, Disaster and Climate in G20 speech at Riyadh

ABS News Service/23.11.2020

WTO Urges G20 to Support Economic Rebound, Pandemic Response and WTO Reform

ABS News Service/23.11.2020

India Korea FTA under WTO Scan

·   Economic Partnership Agreement between EU and Cameroon

·   Economic Partnership Agreement between the EU and the SADC States (Botswana, Eswatini, Lesotho, Mozambique, Namibia and South Africa)

·   Comprehensive Economic Partnership Agreement between India and Korea

·   Free Trade Agreement between EFTA and the Philippines

·   Free Trade Agreement between Australia and Hong Kong, China

·   Comprehensive Economic Partnership Agreement between Chile and Indonesia

·   RTAs and transparency

ABS News Service/21.11.2020

World Trade Moves Up by 15 points after Covid Crash

ABS News Service/21.11.2020

Cotton-4 Reports on by-products Initiative, Cotton Trade and Development Issues Discussed

ABS News Service/21.11.2020

Virtual Symposium to Mark 25 years of the TRIPS Agreement

ABS News Service/21.11.2020

FM Sitharaman Tight Lipped in G20 Meet

ABS News Service/21.11.2020

WTO Concerned as Third World Countries Slap Trade Restrictions

ABS News Service/20.11.2020

WTO’s Achievements, Challenges addressed at 25th Anniversary Event

ABS News Service/20.11.2020

Customs Arrests Three with 3kg Gold at Mumbai Airport

·   Gold Dust a favourite with Smuggler

ABS News Service/20.11.2020

Duty-free Shop in Trivandrum Smuggles Liquor into DTA

ABS News Service/20.11.2020

G20 Leaders’ Summit on Nov. 21-22, 2020

ABS News Service/20.11.2020

Joint Statement on the India-Luxembourg Virtual Summit

ABS News Service/20.11.2020

List of Agreements Acknowledged on the Occasion of India-Luxembourg Virtual Summit

ABS News Service/20.11.2020

Minister Anurag Thakur Bats for Legalising Betting

ABS News Service/20.11.2020

UAE Suspends Issuance of Visitor Visas to Pakistan & 11 other Countries

ABS News Service/20.11.2020

China Perceives Rising India as 'Rival'; wants to Constraint its Partnership with US, Allies, Report

ABS News Service/19.11.2020

Financial Services Centres Authority (Global In-House Centres) Regulations, 2020

IFSCA/2020-21/GN/REG 003 Notification dated 12 November 2020

WTO Report Shows Slowdown in G20 Trade Restrictions as COVID-19 Impacts World Economy

ABS News Service/19.11.2020

Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2020

Notification No. IBBI/2020-21/GN/REG065 dated 13 November 2020

Inter State Fake Invoice racket with fake transactions valued at over Rs. 131 Crore value busted by DGGI involving fraudulent Input Tax credit of Rs. 26.09 Crore

ABS News Service/19.11.2020

Nashik based Builder Arrested for Rs. 4.86 crs False ITC Case

MoF Press Release -Mumbai/Nagur, November 19, 2020

WTO Marks its 25th Anniversary

ABS News Service/19.11.2020

WTO Members Discuss Implementation of Preferential Rules of Origin for LDCs

ABS News Service/19.11.2020

Former Trade Minister Anand Sharma Advocates RCEP Membership

ABS News Service/18.11.2020

DIPP Issues Revised SOP for Investments under Government Route

No. 1/8/2016-FDI Policy dated 9th November 2020

Telangana Decides to Go for Option-1 to Meet the GST Implementation Shortfall

·    State will get Rs.2,380 crore through Special Borrowing Window and also Permission to Raise Additional Rs.5,017 crore through Borrowings

ABS News Service/18.11.2020

Telephone Conversation between PM Modi and Joseph R. Biden, President-elect of the United States of America

·    The Prime Minister also extended his heartiest congratulations and best wishes to Vice President-elect Senator Kamala Harris

ABS News Service/18.11.2020

SPS Declaration in 2021 Nur-Sultan Ministerial Conference

ABS News Service/18.11.2020

New Initiatives Launched to Intensify WTO Work on Trade and the Environment

ABS News Service/18.11.2020

Agriculture Negotiators Discuss Focus of New Talks as Facilitators Report on First Findings

ABS News Service/18.11.2020

Will China Walk the Talk of Collaborative Multilateralism at the Moscow Summit?

ABS News Service/18.11.2020

China-Led RCEP is Signed, in Challenge to U.S.

·      India Pulled Out of the Negotiations in July

ABS News Service/17.11.2020

The RCEP Question – Door is Open for India

ABS News Service/17.11.2020

R.K. Jain Founder CENTAX Publications No More

ABS News Service/17.11.2020

Govt Tightens Regulatory Grip Over Digital Media, Only 26% FDI Allowed, Registration and Returns must

·      Deadline of 15 Oct 2021 laid out

ABS News Service/17.11.2020

Govt Mulls Easing Rules for Border Nation FDI, 26% FDI from China may be Allowed

ABS News Service/17.11.2020

Thailand, European Union Question India’s Import Restrictions on Tyres, ACs and TV Sets

ABS News Service/17.11.2020

India's Gold Imports Drop 47 percent during April-October; Fall to $9.28 billion

ABS News Service/16.11.2020

Enforcement Directorate Chief Sanjay Mishra Gets Tenure Extension

ABS News Service/16.11.2020

Thailand Joins WTO Negotiations on Services Domestic Regulation

ABS News Service/16.11.2020

Good Progress in the Formal Negotiations for an Investment Facilitation Agreement

ABS News Service/16.11.2020

Anger in China after Domestic Abuse goes Live

ABS News Service/16.11.2020

New Asia-Pacific Trade Deal Shows China’s Clout

ABS News Service/16.11.2020

Ministry of I&B Requests Compliance of Policy on FDI in Digital Media within A Month

ABS News Service/16.11.2020

Union Labour Ministry Notifies Draft Rules under the Code on Social Security 2020

ABS News Service/16.11.2020

Finance Minister Announces Aatma Nirbhar Bharat 3.0 Stimulus worth ₹ 2.65 Lakh Crore

Min of Finance/12.11.2020

Last Date for Filing Applications under Sabka Vishwas (Legacy Dispute Resolution) Scheme Extended to 31st December, 2020 for UT of Jammu & Kashmir and UT of Ladakh

Min of Finance/12.11.2020

Proposal for Allocation Funds for MEIS for the FY 2019 and for 9 months of the FY 2020-21 i.e. from 01.04.2020 to 31.12.2020

CBIC Office Memorandum/12.11.2020

PM Addresses 17th ASEAN India Summit, Underlines Security in Region under China Threat, Offers $1bn for ASEAN Connectivity

ABS News Service/13.11.2020

NTPC Develops Geo-polymer Aggregate from Fly Ash

Min of Power Press Release/ 13.11.2020

Atmanirbhar Bharat Package 3.0

Min of Finance /12.11.2020

Draft Model Bid Documents - National Programme on Advance Chemistry Cell (ACC) Battery Storage

NITI Aayog Stakeholders Consultation/11.11.2020

Agriculture Ministry Organizes Virtual Meet on ‘Value Chain Creation for Kiwi Fruit – Farm to Fork’

ABS News Service/12.11.2020

Cabinet Approves Continuation and Revamping for Financial Support to Public Private Partnerships in Infrastructure Viability Gap Funding VGF Scheme

ABS News Service/12.11.2020

DG GST Intelligence, Mumbai, Arrests Four Persons for Passing on and Availing Fictitious Input Tax Credit

ABS News Service/12.11.2020

Firm Busted for Availing Benefit from Bogus Invoices of around Rs 685 crore

MoF Press Release/12.11.2020

Govt Sets Up 22 Member Inter-Ministerial Committee to Strengthen the Capital Goods Sector

ABS News Service/12.11.2020

High-Level Dialogue Reviews Accessions of Arab Countries, Marks Oman’s 20th WTO Anniversary

ABS News Service/12.11.2020

IFSC Authority Approves the International Financial Services Centres Authority (Banking) Regulations, 2020

ABS News Service/12.11.2020

IFSC International Retail Business Development Committee Presented the Final Report to IFSCA

ABS News Service/12.11.2020

Piyush Goyal Invites the Global Investors to Invest in India

ABS News Service/12.11.2020

10 Key Sectors Introduced under PLI Scheme for Enhancing Exports and Manufacturing Capabilities

ABS News Service/11.11.2020

Cabinet Gives in-Principle Nod to PLI in 10 Sectors, Sops Worth Rs 1.4 lakh crore Likely

ABS News Service/11.11.2020

GST cannot Block Import Export Code (IEC): Bombay High Court

ABS News Service/11.11.2020

Finance Ministry Moves to Set Up Database of Migrant Workers

ABS News Service/11.11.2020

WTO Members Adopt Timeline for Review of TBT Agreement, Discuss Environmental Concerns

ABS News Service/11.11.2020

Quarterly GSTRs Pose New Hurdles for MSMEs – Monthly Returns and Quarterly Returns Create Mismatches

·      Provisional Credit is the Solution, say Experts

ABS News Service/11.11.2020

British Prime Minister Johnson Defeated in Parliament on Treaty-Breaking Brexit Laws

ABS News Service/11.11.2020

STOP PRESS

New Faceless Assessment Creating Logjams in Customs Clearance

ABS News Service/10.11.2020

WTO Shares Views with International Agency Heads on Future of Multilateral Cooperation

ABS News Service/10.11.2020

Draft Data Centre Policy 2020

Ministry of Electronics & Information Technology

29 Projects Approved under Chairmanship of Narendra Singh Tomar

·   Projects to Generate Employment of About 15000 and to Benefit Over 2 Lakh Farmers

·   21 Projects to Leverage Investment of Rs 443 Crores

ABS News Service/10.11.2020

Economy Needs a Mega ‘Capital Expenditure’ Push: C Rangarajan

·   Former RBI Governor Optimistic on Growth Recovery in 2nd half

ABS News Service/10.11.2020

Finance Minister Nirmala Sitharaman Attends 1st BRICS Finance Ministers and Central Bank Governors Meeting

ABS News Service/10.11.2020

The 15th Finance Commission Submits its Report for 2021-22 to 2025-26 to the President of India

ABS News Service/10.11.2020

Joe Biden’s Victory Makes Major Stimulus Unlikely before January

ABS News Service/09.11.2020

Regime Change in US a Shot in the Arm for Chabahar Port Project

ABS News Service/09.11.2020

US President-elect Joe Biden to Keep India-US Relations Chugging on Track

ABS News Service/09.11.2020

All 4 Wheel Vehicles required to have FASTags from 1 Jan 2021

·   MoRTH Issues Notification for Promotion of Digital and IT based Payment of Fees through FASTag

ABS News Service/09.11.2020

New Online System of MSME/Udyam Registration Stands the Test of Time & Technology

ABS News Service/07.11.2020

Huge Shortages in FMCG as Govt Policy Fails to Fulfil Consumer Demand

ABS News Service/07.11.2020

General Council Meeting on DG Selection Postponed

ABS News Service/07.11.2020

WTO Working Group Finalises Package of Declarations and Recommendations to Assist Small Business

ABS News Service/07.11.2020

China Exports Remain Strong in October, Import Growth Slows

ABS News Service/07.11.2020

Great Eastern’s Bulk Carrier Crew Stuck Off Jintang in North China at Chinese Port for 5 months without Relief

ABS News Service/07.11.2020

China Cites Covid Concern to Suspend Entry of Travellers from India

ABS News Service/07.11.2020

India-Italy Virtual Summit Held on 6 Nov

ABS News Service/07.11.2020

Suspend New Customs Rules of Origin CAROTAR 2020, Review Terms of EPA, FTA

ABS News Service/06.11.2020

Rajasthan Decides to Go for Option-1 to Meet the GST Implementation Shortfall

ABS News Service/06.11.2020

Companies Get GST Audit Notices from Various States

ABS News Service/06.11.2020

New WTO Paper Explores Linkages between Trade and the Spread of Diseases of Animal Origin

ABS News Service/06.11.2020

Acrylonitrile under Compulsory BIS Standards

Min of Chemical & Fertilizers Order S.O. 3999(E) dated 4 November 2020

Declaration of the Private Sector on Climate Change a Historic Step, Prakash Javadekar

·   India CEO Forum on Climate Change Forges Long Standing and Sustainable Partnership between the Government and Private Sector

ABS News Service/06.11.2020

Draft Regulation on Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, Functional Foods and Novel Foods) Amendment Regulations, 2020

FSSAI Notification 29.10.2020

Gadkari Calls for Greater Utilization of Bamboo Resources; Reducing Logistics Cost

·   Minister Inaugurates Virtual Bamboo Exhibition

ABS News Service/06.11.2020

Loan Moratorium Case: Facing Great Difficulties with Interim Order on NPAs, says RBI to SC

ABS News Service/06.11.2020

Maleic Anhydride, Technical under Compulsory BIS Standards

Min of Chemical & Fertilizers Order S.O. 4000(E) dated 4 November 2020

Massive Encouragement for ‘Other Service Provider’ Industry in BPO and ITeS Sectors

·   Liberalized Guidelines issued by Government of India

ABS News Service/06.11.2020

PM Chairs Virtual Global Investor Roundtable

ABS News Service/06.11.2020

Travellers Take Note! Return to 2019 Levels expected only by 2023, UNWTO Confidence Index

ABS News Service/06.11.2020

UGC Issues Guidelines for Re-opening the Universities and Colleges Post Lockdown Due to COVID-19 Pandemic

ABS News Service/06.11.2020

Workshop on Information Technology Agreement to be Held in Spring 2021

ABS News Service/06.11.2020

Patents Rules 2003 Amended

·      New Table of Application Fee Issue for e-Filing and Physical Filing

·      Amount Raised by Two to Three Times

·      No Concession on Transfer

Ministry of Commerce and Industry Notification dated 4th November 2020

Will you Get Compound Interest Waiver on Loan Account Sold by One Bank to Another? Check New FinMin FAQs

ABS News Service/05.11.2020

Interest on Interest Waiver: Banks Start Crediting Accounts; FinMin Issues Additional FAQs

ABS News Service/05.11.2020

Interest Waiver: Gold Loan Borrowers to be Eligible for Cashback from Lenders, says Govt

ABS News Service/05.11.2020

8th Meeting of the India-UAE High Level Joint Task Force on Investments

MoC&I Press Release/03.11.2020

WTO Members Highlight Key Role of Investment to Increase Small Economies’ Trading Capacity

ABS News Service/05.11.2020

Cabinet Approves Memorandum of Understanding between India and United Kingdom on Cooperation in the Field of Medical Products Regulation

ABS News Service/05.11.2020

Cabinet Approves Rs 1810 crore Investment Proposal of 210 MW Luhri Stage-I Hydro Power Project

ABS News Service/05.11.2020

Cabinet Approves Signing of the Memorandum of Understanding between India and Spain to Develop Scientific and Technical Collaborations in Astronomy

ABS News Service/05.11.2020

Cabinet Approves Signing of the Memorandum of Understanding between India and United Kingdom on Cooperation in the Field of Telecommunication/ICTs

ABS News Service/05.11.2020

Key Declaration on Climate Change to be Signed at the India CEO Forum on Climate Change

ABS News Service/05.11.2020

‘FinMin Expects Uptick in Economy to Hold, will Announce Next Stimulus Soon’

ABS News Service/04.11.2020

Customs to Move Interpol to Get Egyptian National with UAE Kerala Consulate in Gold Case

ABS News Service/04.11.2020

CBI Arrests Four Accused including a Deputy Commissioner of Customs in Old Document Forgery Case for Exports

ABS News Service/04.11.2020

The Arbitration and Conciliation (Amendment) Ordinance 2020

Min of Law and Justice Ordinance No. 14 of 2020 dated 4 November 2020

High Court Grants Bail to Party after 134 days behind Bars for Fraudulently Availing ITC

ABS News Service/04.11.2020

Software Sales can’t be “Royalty” under India-Finland Tax Treaty: ITAT

ABS News Service/04.11.2020

Customs Duty to be Phased Out Slowly, Says Rev Secy

ABS News Service/03.11.2020

India’s Trade Continues to Shrink with Oct Exports Down 5.4% and Imports 11.6%

MoC&I Press Release/03.11.2020

Anti-Dumping Committee Holds First 2020 Meeting

ABS News Service/03.11.2020

WTO Fisheries Subsidies Negotiating Group Introduces Revised Draft Consolidated Text

ABS News Service/03.11.2020

IMF Tells G20 Countries to ‘Keep Spending’ on Covid-19 Crisis

ABS News Service/03.11.2020

Manufacturing PMI at a Decade-High as Factories Recover from Covid Blues

ABS News Service/03.11.2020

Tele-Law Touches a New Milestone; 4 Lakh Beneficiaries received Legal Advice under the Initiative through CSC

·    2.05 lakh Advices have been Enabled during the First Seven Months of FY-20-21 as against total 1.95 lakh Advices given till April 2020

·    Enriching IEC has been uploaded on its public portal that may be accessed on https://www.tele-law.in/

ABS News Service/03.11.2020

TN Govt Rolls Out 100% Tax Exemption for E-vehicles

ABS News Service/03.11.2020

India has time till December-end to Appeal against Vodafone Arbitration Award

ABS News Service/03.11.2020

e-Invoice Completes one month on 31st October

·   More than 495 Lakh e-Invoices have been Generated on the NIC Portal by 27,400 Tax Payers within the First Month of Introduction

·   641 Lakh E-way Bills Generated during month of October, 2020, Highest in a month during 30 months of E-way Bill System

Ministry of Electronics & IT Press Release/02.11.2020

Central Govt Releases Rs 6,000 crore as Second Tranche to 16 States and 3 Union Territories on Account of GST Compensation under Special Borrowing Window

·   Ministry of Finance has Facilitated Loans of Rs 12,000 crore till date under the Special Window to States/UTs

ABS News Service/02.11.2020

Growth Back as GST Mop-up Tops ₹1-lakh cr

ABS News Service/02.11.2020

Emergency Credit Line Guarantee Scheme Extended by One Month

·   Loans of more than Rs. 2 lakh crore Sanctioned under ECLGS

MoF Press Release/02.11.2020

Media Registration for Aero India 2021 Begins from 2 Nov

ABS News Service/02.11.2020

RBI Set to Change India's Payments Picture with New QR Code Rules

ABS News Service/31.10.2020

WTO Cites “Chronic” Low Compliance with Subsidy Notification Requirements

ABS News Service/31.10.2020

Income-tax Exemption for Payment of Deemed LTC Fare for Non-Central Government Employees

MoF Press Release/29.10.2020

Kerala says its New Sea Food Park will Boost Seafood Exports

ABS News Service/30.10.2020

India, Italy Focus on Advanced Manufacturing; Railways & Agro-Industry to Lift Partnership to the Next Level

ABS News Service/30.10.2020

Fraudulent Input Tax Credit through Fake Billing of around Rs 1,278 crore Detected

·    Milk Food as Major Beneficiary Alleged

MoF Press Release/29.10.2020

DGGI Gurugram Arrests Man for Forging Input Tax Credit of Around Rs 392 crore from 31 Firms

MoF Press Release/29.10.2020

Members Indicate Strong Preference for Ngozi Okonjo-Iweala as DG

·    US Objects, wants Korean Yoo Myung-hee as New DG

ABS News Service/30.10.2020

Over 60 Safeguard Actions Reviewed at WTO Committee

·    India among 24 Countries on Hit list, EU Prominent in Steel Safeguards

ABS News Service/30.10.2020

Equalisation Levy Rules for E-commerce Operators Amended

CBDT Notification dated 28.10.2020

Thirteen Items of Rubber and Plastic Footwear along with Raw Material and Parts put in Compulsory BIS List, Standards to be Applicable on Imports

MoC&I Order dated 27 October 2020

Ten More Items Placed of Footwear under BIS Compulsory Licences, Measure Applicable on Imports

MoC&I Order S.O. 3860(E) dated 27.10.2020

Air Quality Commission for NCR Constituted by Ordinance

Min of Law and Justice Ordinance No. 13 of 2020 dated 28 Oct 2020

Pharma PLI Scheme Revised for Bulk Drugs and Manufacturing of Medical Devices

·   ‘Minimum Threshold’ Investment Requirement Replaced by ‘Committed Investment’

·   This takes into account availability of Technology Choices which varies from Product to Product

·   Last date of Filing Applications by Potential Investors Extended by One Week upto 30.11.2020

ABS News Service/29.10.2020

Customs Plans to Invoke Draconian COFEPOSA for Preventive Detention without Trial against Sarith, Six Others

·   NIA and Customs in Turf War, ED too in the Picture

ABS News Service/29.10.2020

Finance Minister Leads Indian Delegation in 10th Round of Ministerial UK-India Economic and Financial Dialogue

ABS News Service/29.10.2020

Who Invented AarogyaSetu, MEITY Issues Clarification regarding Orders Passed by Central Information Commission on an RTI Query

PIB Press Release/28.10.2020

Cabinet Approves Extension of Norms for Mandatory Packaging in Jute Materials

ABS News Service/29.10.2020

Cabinet approves Mechanism for Procurement of Ethanol by Public Sector Oil Marketing Companies under Ethanol Blended Petrol Programme

·   Revision of Ethanol Price for Supply to Public Sector OMCs for Ethanol Supply Year 2020-21

CCEA Press Release/29.10.2020

STOP PRESS

Bank Guarantee for FTA Imports and Post Import Audit Leave Importers Breathless

ABS News Service/28.10.2020

Payment in Foreign Currency must for Duty Drawback for Supplies into FTWZ from DTA

MoC Notification dated 23 October 2020

Revival on, India will be Fastest Growing Economy Next Year

ABS News Service/28.10.2020

Minister Stresses on Preparing a Long-term Roadmap on Reforming an Ailing and Imbalanced Global Trading System

ABS News Service/28.10.2020

Two More Regulations for Gift City, Bullion Exchange and Fin Centre, Okayed

·    International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020

·    International Financial Services Centres Authority (Global In-House Centres) Regulations, 2020

ABS News Service/28.10.2020

Kerala Gold Smuggling Case: IAS Officer M Sivasankar Taken into Custody by Enforcement Directorate

ABS News Service/28.10.2020

Customs will become Contactless, Paperless, and Faceless while Striving for Trade and Industry Facilitation and for Building Aatma Nirbhar Bharat, says Senior Officials of Customs Department

ABS News Service/28.10.2020

India Post and United States Postal Service (USPS) Signs Agreement for Electronic Exchange of Customs Data related to Postal Shipments Exchanged between the Two Countries

·    The Agreement Aims to Facilitate ‘Ease of Exports’ for Small and Large Exporters through Postal Channels

ABS News Service/28.10.2020

Global Foreign Direct Investment Halved in First Six Months of 2020

ABS News Service/28.10.2020

Covid-19: MHA Extends Guidelines for Re-opening till November 30, Most Remain Unchanged

·   Air Travel, Cinema, and Schools still under Restrictions even as Covid under Retreat

ABS News Service/27.10.2020

MHA Extends the Guidelines for Re-opening

·   Moving Ahead with Caution (सतर्कता के साथ अग्रसर)

·   States/ UTs Advised to Enforce COVID-Appropriate Behavior

PIB Press Release/27.10.2020

Dept of Revenue Invites Suggestions for Union Budget 2021-22 from Industry and Trade Associations – Last Date 13 Nov’2020

FNo.334/4/2020-TRU dated 23 October 2020

Negotiations on E-commerce Continue, Consolidated Text Expected by the End of the Year

ABS News Service/27.10.2020

‘Direct Port Entry Facility’ for Exports at V.O. Chidambaranar Port (Tuticorin)

ABS News Service/27.10.2020

Customs Insisting on Bank Guarantees in 90% FTA Cases

ABS News Service/25.10.2020

GST Officials Arrest Person for Trading Fake Invoice, Generating ITC Worth Rs 52.19 Crore

ABS News Service/25.10.2020

ED Alleges Sivasankar Pulled the Strings of Gold Smuggling Racket

ABS News Service/25.10.2020

MLA Involved in Kerala Gold Smuggling Case, Customs Report

ABS News Service/25.10.2020

Trade War with China didn’t Boost U.S. Manufacturing

ABS News Service/25.10.2020

Import of Food only with FSSAI Food Import Clearance

·      Provisional Clearance only for pre-pack Food Form 13A Declaration

FSSAI F.No. 1-1275/FSSAI/Import/2015 dated 20 October 2020

Food Safety and Standards (Prohibition and Restriction on Sales) Regulations, 2011 Amendments

FSSAI Notification F. No. Stds/Agmark-BIS/02/FSSAI-2018 dated 20 October 2020

Defence Canteens to Ban Import of Finished Goods

ABS News Service/24.10.2020

House Panel Calls Meet on 5G Preparedness

ABS News Service/24.10.2020

Indo-US 2+2 Dialogue: Focus on Addressing ‘Dragon in the Room’, taking Strategic Partnership to a New Level

ABS News Service/24.10.2020

Income Tax Returns dates Extended to Dec 2020 or Jan 2021

MoF Press Release/24.10.2020

Parliament Committee Irked by Amazon’s Refusal to Appear before It

ABS News Service/24.10.2020

Trump’s ‘Filthy’ Comment Overlooks Steps Taken by India to Cut Carbon Footprint

ABS News Service/24.10.2020

WTO Hails United Nations on its 75th Anniversary

ABS News Service/24.10.2020

Members Discuss Proposals on Trade in Environmental and Agricultural Services

ABS News Service/24.10.2020

Services Trade Drops 30% in Q2 as COVID-19 Ravages International Travel

ABS News Service/24.10.2020

Stock Limit on the Onions of 25MT for Whole Sellers and 2MT for Retailers for a period from 23 Oct to 31 Dec 2020

·   Sale from the Buffer Stock Stepped Up

ABS News Service/23.10.2020

International Travel other than Tourist Allowed

ABS News Service/23.10.2020

IFSCA Committee submits second interim report on development of international retail business – Finserv from India

MoF Press Release/22.10.2020

Trade Facilitation Key for Access to Goods to Tackle COVID-19

ABS News Service/23.10.2020

NTBs Relaxed to Facilitate Onion Import from Iran and Egypt for Import upto 15 Dec 2020

·   NAFED and Other PSUs not in Import Race, Field Open for Private Players

Press Release/21.10.2020

Govt Relaxes Import Norms for Onion to Boost Domestic Supply, Check Prices

ABS News Service/22.10.2020

12 LMT of Subsidised Apple from Kashmir Flood Indian Markets

ABS News Service/22.10.2020

International Real Estate Trusts Allowed to List in Gift City, Abad Exchange for Global Operations

ABS News Service/22.10.2020

World Trade Rebounds Slowly in Sept Quarter, Outlook Uncertain, UNCTAD Reports

ABS News Service/22.10.2020

US Proposes not to Issue Business Visa for H-1B Speciality Occupations

ABS News Service/22.10.2020

Priority Filing of Patents Allowed in India under Patents Corp Treaty

DPIIT Notification GSR 652(E) dated 19 October 2020

Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Rules, 2020 Notified

Min. of Agri Notification GSR 650(E) dated 20 October 2020

Farmers’ Agreement on Price Assurance and Farm Services (Dispute Resolution) Rules, 2020 Notified

Min. of Agri Notification G.S.R. 655(E) dated 21 October 2020

Opium Poppy Licence for Cultivation Rules Issued for Crop Year 2020-21

Min of Finance Notification No. 02/2020-Narcotics Control-1 dated 21 October 2020

AAAR Rules Mere Printing of Advertisement on PVC Banners and Supply of Service Attract 12% GST under Heading 9989

ABS News Service/21.10.2020

India and South Africa Asks for TRIPS Waiver on Covid-19

ABS News Service/21.10.2020

Raghuram Rajan says Demonetisation, GST and Covid will Hold Back the Economy

·    Lower Middle Class Slipping Back into Poverty

ABS News Service/21.10.2020

Responsibilities of State Govt for Environmentally Sound Management of Hazardous and Other Wastes – Rules 5(2) Clause (a), (c) and (d) Amended – Scope of Activities Enlarged

MoEF&C Notification G.S.R. 641(E) dated 9 October 2020

Food Safety and Standards (Laboratory and Sample analysis) Regulations, 2011 Amendments

FSSAI Notification dated 15.10.2020

9th Session of India-Oman Joint Commission Virtual Meeting Held

ABS News Service/20.10.2020

Centre Nudges 2,800 Large Corporates to Clear Dues of MSMEs by Oct-End

ABS News Service/20.10.2020

IFSCA Introduces Framework for Regulatory Sandbox to Tap into Innovative FinTech Solutions

ABS News Service/20.10.2020

China to Start Hi Tech Export Control to Allow Retaliation against US

ABS News Service/19.10.2020

CBI Rakes up Old 2012 Gold Case in Connection with Missing 2.6kg Gold in Bangalore, Arrests Six

ABS News Service/19.10.2020

Sandeep Nair in Gold Smuggling Case in COFEPOSA to Stop him from Turning Approver in NIA Case

ABS News Service/19.10.2020

40% Discount on Cargo Movement between India and Chabahar Port Extended for One Year

·   Discount Applicable on Cargo being Handled at JNPT and Deendayal Port from/to Shahid Beheshti Port, Iran

Ministry of Shipping Press Release 16 October 2020

Finance Minister Nirmala Sitharaman Participates in 102nd Meeting of the World Bank Development Committee Plenary

Ministry of Finance Press Release dated 16 October 2020

Exports on Uptick as Imports Flounder

·   Exports Grew 6% in Sept after Six Months of Contraction, Trade Deficit Narrows

Ministry of Commerce & Industry Press Release dated 15.10.2020

DG Shipping Notified as National Authority for Ships Recycling

·   DG, Shipping Designated as an Apex Authority under the Recycling of Ships Act, 2019 for the Ship Recycling Industry of India

·   Office of National Authority will be Set Up in Gandhinagar, Gujarat

ABS News Service/16.10.2020

Narcotics Control Bureau (NCB) Affected Multiple Pan-India Operations wherein Mumbai Emerged as Major Destination

·   Seizure at Mumbai - 1 kg of Cocaine, 2 kg of P.C.P. (Phencyclidine), 29.300 kg MDA, 70 Gms of Mephedrone

·   In Separate Operation 56 kg of Hashish seized at Jammu whose main Receiver was Arrested from Mumbai

MHA Press Release/15.10.2020

New WTO Report Looks at the Global Intellectual Property System and COVID-19

ABS News Service/16.10.2020

No E-Way Bills for GSTR-3B Defaulters from 15 Oct, Warns CBIC

ABS News Service/16.10.2020

Nirmala Sitharaman in G20 Finance Meeting through Video Conferencing

·   Debt Service Suspension Initiative (DSSI) which provides time bound suspension of debt service payments for the low income debtor countries – Six Month Extension Proposed

ABS News Service/15.10.2020

India is One of the Largest Manufacturers and Exporters of Generic Medicines Across the World

·   Market Size of Chemicals & Petrochemicals Sector in India is Around 165 billion dollars; expected to double by 2025: DV Sadananda Gowda

Press Release/ 15.10.2020

MSME Ministry Introduces Intel Sponsored Artificial Intelligence (AI) and Machine Learning (ML) Strengthening its Single Window System Portal ‘Champions’ to assist MSMEs of the Country

Press Release/ 14.10.2020

WTO Members Search for Compromise as Text-Based Negotiations on Fishing Subsidies Continue

ABS News Service/15.10.2020

DTAA to Prevail over DDT

ABS News Service/15.10.2020

Bombay High Court says Imports without BIS cannot be Seized or Confiscated without Order, Caustic Soda Consignment from Iran Released

ABS News Service/14.10.2020

Notification for the of Starting Activities in SEZ - Date Extended to 31st Mar 2021 from 30 Sept

·   The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

Ministry of Law and Justice/ 29.09.2020

Twenty States Allowed to Mobilize Rs.68,825 crore thru Open Market

ABS News Service/14.10.2020

50% Subsidy under Operation Greens Scheme

·   Subsidy under Operation Greens a Step towards Aatma Nirbhar Bharat: Narendra Singh Tomar

·   Transportation Subsidy for Kisan Rail Scheme Too

Press Release/14.10.2020

DoCA to Release 40,000 MT of Tur from the Buffer Stock in Open Market Sale

·   Andhra Pradesh, Kerala, Maharashtra, Bihar and Tamil Nadu Place Requirements for over 1 Lakh MT of Tur under Retail Intervention Scheme of Price Moderation of Pulses

DoCA Press Release/ 13.10.2020

WTO Members Discuss Contributions to Aid for Trade, Approve Stocktaking event on COVID-19 Impact

ABS News Service/14.10.2020

Maldives Considers Scrapping Free Trade Agreement (FTA) with China

ABS News Service/13.10.2020

No Consensus over Borrowing to Meet Compensation Shortfall

ABS News Service/13.10.2020

Negotiations on an Investment Facilitation Agreement show High Level of Engagement

ABS News Service/13.10.2020

Anil Ambani Case: HC sends Notice to Chinese Banks

ABS News Service/13.10.2020

Finance Minister Announces Measures of Rs 73,000 crore to Stimulate Consumer Spending Before End Of This Financial Year In Fight against COVID-19

·   Cash Payment and Leave Encashment in lieu of one LTC during 2018-21 according to Entitlement

·   Special Festival Advance Scheme Revived as a one-Time Measure for both Gazetted and non-Gazetted Employees

·   Special Interest Free 50-year Loans to States for Capital Expenditure for Rs. 12,000 crore

·   Additional Budget of Rs. 25,000 crore, in Addition to Rs. 4.13 lakh crore given in Union Budget 2020, is being provided for Capital Expenditure

ABS News Service/ 12.10.2020

Union Finance Minister Announces Stimulus to Boost Demand in the Economy: Highlights

·   “Total Demand Boost Due to today's Measures Expected to be more than ₹ 1 lakh crore”

ABS News Service/ 12.10.2020

GST Council Meet to Chart the Way Forward

ABS News Service/ 12.10.2020

GST Council Meeting - Showdown Expected between Centre and Oppn-Ruled States Over Compensation Cess

ABS News Service/ 12.10.2020

Telangana Issues Unlock-5 Guidelines

Order dated 07.10.2020

FIEO Welcomes the Decision of RBI to Discontinue the Automatic Caution-Listing while Simultaneously Monitor the Exports Realisation through Banks

ABS News Service/10.10.2020

Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) October 7-9, 2020

ABS News Service/10.10.2020

RBI Delivers without a Policy Rate Cut

ABS News Service/10.10.2020

Ludhiana Based Exhorts Arrested in Shimla for False ITC and Refund

MoF Press Release/09.10.2020

Min of Finance Press Release on Annual Return (GSTR-9) and Reconciliation Statement (GSTR 9C) for FY 2018-19

MoF Press Release/09.10.2020

India gets Second Set of Swiss Account Details under Automatic info Exchange Framework

ABS News Service/10.10.2020

UK to Join Government Procurement Pact in its Own Right in the New Year

ABS News Service/10.10.2020

WTO Launches New Import Licensing Platform

ABS News Service/10.10.2020

Brochure of Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020)

Brochure of CAROTAR, 2020

Commerce Ministry Releases Press Note on Export Policy on Kudremukh Iron Ore Pellets

·   Clarification on Iron Ore Exports

·   Duty free Iron Ore Pellet Exports Ongoing even before 2014

·   Export Policy Restriction put in 1998 only for KIOCL

MoC&I Press Note/08.10.2020

Great Wall Motors Chinese Co will Legit Soon

ABS News Service/09.10.2020

Nigerian and South Korean Ladies in Top of War Final Over WTO DG Post

·   Countries Trade Spoils to Reward Support

ABS News Service/09.10.2020

₹10-lakh-crore Stimulus can get the Economy Back to 2019-20 Growth Levels, says Pronab Sen

ABS News Service/08.10.2020

Blow to Indian Techies as US further Tightens H-1B Visa Rules

·   Narrows Definition of ‘Specialty Occupation’, Visa Validity Slashed to One Year from Three Years

ABS News Service/08.10.2020

Cabinet Ratifies Ban on Seven Hazardous Chemicals to Health & Environment Listed under Stockholm Convention as POPs Banned by Cabinet

(i) Chlordecone

(ii) Hexabromobiphenyl

(iii) Hexabromodiphenyl ether and Heptabromodiphenylether (Commercial octa-BDE)

(iv) Tetrabromodiphenyl ether and Pentabromodiphenyl ether (Commercial penta-BDE)

(v) Pentachlorobenzene

(vi) Hexabromocyclododecane, and

(vii) Hexachlorobutadiene

ABS News Service/08.10.2020

Export Markets Look Up for Two-Wheeler, Tractor Makers

ABS News Service/08.10.2020

Piyush Goyal says Trade & Economy Most Important Pillars of India- European Union Partnership

·   Hopeful of Working with EU towards a FTA

·   India can be the Trusted Partner and Countries can Work with India for Robust & Sustainable Global Supply Chains

ABS News Service/08.10.2020

PLI Scheme to Herald a New Era in Mobile Phone and Electronic Components Manufacturing

·   Ministry of Electronics and IT gives its Approval to 16 Eligible Applicants under the PLI Scheme

·   PLI Scheme has been Huge Success in Terms of the Applications received from Global as well as Domestic Mobile Phone Manufacturing Companies and Electronic Components Manufacturers: Ravi Shankar Prasad

·   Production of Rs. 10.5 lakh crore and Exports of Rs. 6.5 lakh crore Expected over next 5 years

·   Major boost to Make in India and AtmaNirbhar Bharat

Ministry of Electronics & IT Press Release/06.10.2020

Indian Textile Companies to Benefit from US-China Trade War

·   Vacuum Space Created by Restrictions could help Indian Garment Exporters, says Report

ABS News Service/07.10.2020

Government’s Indirect Tax Litigation Reduction Scheme 'Sabka Vikas' Challenged in Court

ABS News Service/07.10.2020

WTO Tempers Fall in World Trade to 9.2% in 2020 on ‘Strong’ June, July

ABS News Service/07.10.2020

RAISE 2020 –PM Modi inaugurates 5-Day RAISE 2020 Global AI Summit, says Committed to make India AI Hub of the World

ABS News Service/07.10.2020

AI Discussed on the 2nd day of RAISE 2020

·   As many as 55 experts discuss, over 10 sessions, the need to develop responsible AI that inspires consumer confidence

·   Top 21 AI solutions by Indian startups showcased to global audience

ABS News Service/07.10.2020

Exhibitions Crucial to Find Right Sourcing Partners for Business as India Begins Unlock 5

ABS News Service/07.10.2020

Guidelines for BIS Registration

Registrations/G-14:3 dated 1 Oct 2020

Recommendations of the 42nd GST Council Meeting Held on 5 Oct 2020 thru Video Conferencing

·    GSTR-1 and GSTR-2B to be Auto Populated from Jan 2021

ABS News Service/06.10.2020

Compensation Cess Extended beyond 2022, say Sources

ABS News Service/06.10.2020

Standard Operating Procedures on Preventive Measures to Contain Spread of COVID-19 during Festivities

MoH&FW SOP dated 6 October 2020

Appellate Body says Parota is only a Reheated Chapati, Ruling to Classify under Prepared Food in HS 2106 with 18% GST Quashed

ABS News Service/05.10.2020

Customs Officials Seize 21 Kg Gold woth Rs. 6.62 crs at Hyderabad Shamshabad Airport

·   Courier Imports was on way to Mumbai and Jaipur

ABS News Service/05.10.2020

Economy Unlock - Record 26.19 lakh E-way Bills Generated on September 30

ABS News Service/05.10.2020

WTO Members Review Four Minor RTAs between Developing Countries

·   Preferential Trade Agreement between MERCOSUR and SACU

·   Free Trade Agreement between ASEAN and the Republic of Korea

·   Preferential Trade Agreement between India and Afghanistan

·   The accession of Egypt to COMESA

ABS News Service/05.10.2020

Timor-Leste Formally Kick-Starts Its WTO Accession Process

ABS News Service/05.10.2020

Cameras, Microphones, Speakers among Seven Items in New CRO List

MeitY Notification S.O. 3429(E). dated 1 October 2020

IRN Number Must for GST Invoices in October Month Period

Notification No. 73/2020-Central Tax dated 1st October 2020

Display Panel and Touch Panel Duty Reverts to 10% as Exemption Notification Lapses, Phones to Cost More

ABS News Service/03.10.2020

Exports Rise for First Time in Six Months, up 5.27% in September

ABS News Service/03.10.2020

Dismissed Customs Officer Slapped with Rs 25 lakh Penalty for Smuggling Red Sanders worth Rs 1.2 crore in 2013

·      Indonesia Bound Ship was Recalled in Mid Sea

ABS News Service/03.10.2020

Home Secy to Head Panel to Clear FDI from China from Security Angle

ABS News Service/03.10.2020

Unlock 5.0

MHA Issues New Guidelines for Re-opening from 1 Oct 2020

·   Gives Flexibility to States UTs for Opening of Schools

·   Opens up more Activities Outside Containment Zones

·   Strict Enforcement of lockdown in Containment Zones till 31st October 2020

ABS News Service/01.10.2020

Agriculture Committee Discusses Bali and Nairobi Ministerial Decisions, Farm Policies and COVID-19 Impact

ABS News Service/01.10.2020

BRICS' NDB Approves Loans for Mumbai Metro ($241 mn) Delhi-Ghaziabad-Meerut ($500 mn) RRTS

ABS News Service/01.10.2020

Clarification on Doubts Arising on Account of New TCS Provisions

MoF Press Note/30.09.2020

Bangladesh Complains on NTBs by India at the Border

ABS News Service/01.10.2020

Tax Collected at Source (TCS) Applicable on All Forex Transactions under LRS w.e.f. 1st Oct '20

·   FAQ on TCS

ABS News Service/01.10.2020

Last Date for Filing GSTR-9 and GSTR-9C Extended to 31 Oct 2020

ABS News Service/30.09.2020

GST E-invoicing: Gradual Roll-Out will Ease the Pain

ABS News Service/30.09.2020

A Chartered Accountant’s Nightmare

ABS News Service/30.09.2020

Supreme Court Saves Past Importers from 200% Enhanced Customs Duty on Pakistan Imports Post-Pulwama Attack – Duty Applicable only with Forward Effect, no Retrospective Application from Previous Midnight of Notification Date

ABS News Service/30.09.2020

India may Soon Store Crude Oil in US, other Foreign Nations; Invites Cos to Enhance Domestic Capacity

ABS News Service/30.09.2020

Secondary Steel Units Urge PM to Ban Iron Ore Export to China

ABS News Service/30.09.2020

India Opposes Canada’s Proposal of Prior Notice for Tariff Changes in Farm Products at WTO

ABS News Service/29.09.2020

Google Removes 17 Apps from Play Store after Cloud Security Firm Cautions of Malware Causing WAP Fraud

ABS News Service/29.09.2020

Joint Statement for India-Denmark Green Strategic Partnership

ABS News Service/29.09.2020

WTO Workshops to Review Progress on Cotton By-Products Initiative

ABS News Service/29.09.2020

Bills to Replace Ordinances

Bill No. 116 of 2020 dated 18.09.2020

Essential Commodities (Amendment) Act, 2020

No. 22 of 2020 dated 27.09.2020

Defence, FDI under Auto Route Revised to 74% from 49%

Press Note No. 4 (2020 Series) dated 17.09.2020

India Wants Review of ASEAN FTA as other 14 Countries not Ready to Play Ball

ABS News Service/28.09.2020

India’s Crude Steel Output Falls Over 4 per cent to 8.48 MT in August: World Steel Association

·   Global Steel Production was at 155.374 MT in August 2019

ABS News Service/28.09.2020

Monetary Policy: RBI Likely to Hold Repo Rate Steady

ABS News Service/28.09.2020

Signs of Pick - up in Global Demand for Select Industrial Commodities Amidst Overall Subdued Trade: EEPC India

ABS News Service/28.09.2020

GST e-Invoicing to Start from Oct 1, as Planned, says GSTN CEO

·    Auto Population of GSTR-3B from Nov

ABS News Service/26.09.2020

Guidelines to Regulate and Control Ground Water Extraction in India

Notification S.O. 3289(E) dated 24.09.2020

ICJ gives Arbitration Award in Voda Cases against Govt, Ministry Studying Implications

ABS News Service/26.09.2020

India, Denmark Sign MoU on Intellectual Property Cooperation

ABS News Service/26.09.2020

NPPA Fixes Cap Price of Liquid Medical Oxygen and Medical Oxygen Cylinders

·    Cap Raised at Filler end to Rs. 25.71/CUM from Rs. 17.49/CUM

NPPA Press Note dated 26.09.2020

Investment Facilitation for Development Move into Negotiating Mode at WTO

ABS News Service/26.09.2020

Technical Barriers to Trade and Trade Concerns under Debate at WTO

ABS News Service/26.09.2020

Open Trade and Policy Reforms must for Food Security Goals, WTO DDG Wolff

ABS News Service/26.09.2020

Foreign Direct Investment (FDI) Policy in Defence Sector

DPIIT Press Note No. 4 (2020 Series) dated 17 September 2020

₹20,000 cr Retro Tax Case: Vodafone Wins Arbitration against India

ABS News Service/25.09.2020

Faceless Appeals Launched by CBDT - Honoring The Honest

ABS News Service/25.09.2020

Onion Prices Move North Despite Export Ban

ABS News Service/25.09.2020

RAISE 2020 – Mega Virtual Summit on Artificial Intelligence to be Held from October 5-9

·   Prime Minister Narendra Modi to Inaugurate the Summit ‘Responsible AI for Social Empowerment 2020 on 5th Oct at 7 PM’

·   Representatives from the Global AI Industry to Hold Discussions at the Summit

ABS News Service/25.09.2020

With Covid Restrictions Gone, Demonetisation Cash Deposits Back under the Taxman's Scanner

ABS News Service/25.09.2020

World Trade Falls 14% in Volume, 21% in Value in Q2 Amid Global Lockdown

ABS News Service/24.09.2020

Automobile Wheel Rim Component (Quality Control) Order, 2020

Department of Heavy Industry ORDER S.O. 3227(E) dated 21 September, 2020

Insolvency and Bankruptcy Code (Second Amendment) Act, 2020

No. 17 of 2020 dated 23rd September, 2020

Committee on RTAs Considers EU-Armenia, MERCOSUR-Israel Trade Agreements

ABS News Service/24.09.2020

Economic Contraction may Lead to Permanent Income Loss in India; GDP may Shrink 5.9% in 2020, says UNCTAD

ABS News Service/24.09.2020

Standards for Safety Evaluation of Hydrogen Fuel Cells based Vehicles Notified

ABS News Service/24.09.2020

Modi’s ‘Atmanirbhar Bharat’ has Downside Risks Too; will India Take Pre-liberalisation Stand Again?

ABS News Service/24.09.2020

New WTO Working Group Established to Deepen Trade and Gender Discussions

ABS News Service/24.09.2020

Insolvency and Bankruptcy Code, 2016 Amendments Bill Introduced in Rajya Sabha

Bill No. XXXI of 2020 dated 15 September 2020

Foreign Contribution (Regulation) Act, 2010 Amendments Bill Introduced in Lok Sabha

Bill No. 123 of 2020 dated 20 September 2020

Setting up of Industries by Foreign Companies

ABS News Service/23.09.2020

Steps to Boost the Growth of Industries

ABS News Service/23.09.2020

Customs Brokers Written Exam for 2021 Postponed till Declaration of Oral Exam Result of 2020

NACIN Notice dated 14.09.2020

GST Dept Moves Metropolitan Magistrate Court for Judicial Remand of Person Alleged in 29cr ITC Fraud Case

ABS News Service/23.09.2020

Agricultural Imports

ABS News Service/23.09.2020

Parliament gives its Approval to Taxation Bill

ABS News Service/23.09.2020

Direct Cargo Ferry Service between India and Maldives Started

·   Another Milestone in the Comprehensive Bilateral relations between India and Maldives, says Mandaviya

ABS News Service/23.09.2020

Development in MSME Sector

ABS News Service/23.09.2020

Granting Trademark under startup India

ABS News Service/23.09.2020

Hallmarking of Precious Metals

ABS News Service/23.09.2020

In wake of Covid 19 Pandemic, Permission Granted to the Petroleum and Explosives Safety Organisation (PESO) to Introduce ISO Tank Containers for Movement of Liquid Oxygen for Domestic Transport

ABS News Service/23.09.2020

Impact of Covid-19 Pandemic on Textile Industry

ABS News Service/23.09.2020

DDG Wolff Urges G20 Trade Ministers to Step Up Engagement on WTO Reform

ABS News Service/23.09.2020

SEZ Sops can be Based on Employment, R&D, Green-Tech Use, instead of Export Income, says ICRIER Study

ABS News Service/22.09.2020

Sales of Manufacturing Companies Declined 7.4% in FY20, RBI Data

ABS News Service/22.09.2020

Cabinet Approves Minimum Support Prices (MSP) for Rabi Crops for Marketing Season 2021-22

ABS News Service/22.09.2020

Hind Lever Boss Sure of India Reaching $ 10 tn status

ABS News Service/22.09.2020

IFSCA Committee Submits Interim Report on Development of International Retail Business

ABS News Service/22.09.2020

WTO Members Start Text-Based Negotiations on Fisheries Subsidies

ABS News Service/22.09.2020

WTO Members to Discuss Proposals to Enhance Special Treatment for Developing Countries

ABS News Service/22.09.2020

Action packed agenda in 28 Sept meet of WTO DSB

ABS News Service/22.09.2020

Customs Duty on Open Cell for TV may Revert to 5% after Lapse of Exemption on 1 Oct

ABS News Service/21.09.2020

Gujarat HC Rules CrPC not Applicable on DRI/Customs, No FIR under Sec 133 to 135 of CA, 1962 for Arrest Required

·      Sec 108 does not Require Magistrate – Arrest does not make Person Accused

ABS News Service/21.09.2020

Plastic Waste in SEZ to Continue for some more time, Matter before BOA in Commerce Min and DGEP as MoEF Opposes Import

ABS News Service/21.09.2020

Ministry for Duty Hike on Apple and Fruit Juices to Curb Imports on 26 Tariff Lines in Chapter 20 from Industry, Seeks Data from Industry

ABS News Service/21.09.2020

Steps to Facilitate the Reduction of Steel Imports

ABS News Service/21.09.2020

AG Opinion on Borrowing for GST Compensation

ABS News Service/21.09.2020

Safety Glass QC Order Amended to Exclude Rule 126 Cases

DPIIT Order S.O. 3190(E) dated 18th September, 2020

Fiscal and Monetary Policies in Aatma Nirbhar (Self Reliance) to Deal with Slowdown Due to COVID-19

ABS News Service/21.09.2020

Revised Consumer Protection Act 2019 Provides Protection against Unfair Contracts

ABS News Service/21.09.2020

President Approved The Aircraft (Amendment) Act, 2020

Ministry of Law and Justice Order No. 13 of 2020 dated 19th September, 2020

Parliament Passes The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020

ABS News Service/21.09.2020

Vivad Se Vishwas Scheme Extended till 3 Dec, Yields Rs. 9538 crs Revenue till date

ABS News Service/21.09.2020

472 Cases for BIS Clarification on Steel Imports, No Figures for Pending Applications for BIS Licences!

Ministry of Steel Press Release dated 19th September 2020

Bhilai, Rourkela Double Capacity after Modernisation

[Ministry of Steel Press Release dated 19th September 2020]

Steel Consumption falls 38% in Covid-19 Period

[Ministry of Steel Press Release dated 19th September 2020]

NIA Interrogates Kerala Education Minister in Gold Smuggling Case for Eight Hours

ABS News Service/18.09.2020

World Services Trade Volume Fell by 4.3% in Q1 of 2020

·   Services Trade Barometer Signals Resilience in Key Sectors Amid Overall Decline

ABS News Service/18.09.2020

Consumer Durables Industry Hopes Misuse of FTAs will be Curbed

ABS News Service/18.09.2020

Global Economic Recovery may Take 5 years, says World Bank Chief Economist

ABS News Service/18.09.2020

Harsimrat Kaur quits govt as LS passes farm Bills

ABS News Service/18.09.2020

Lok Sabha Passes The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020

ABS News Service/18.09.2020

Desktop PC Added in Public Procurement Order for Domestic Manufactured Item

MeitY Notification dated 07.09.2020

Ban on Chinese Products

ABS News Service/17.09.2020

Goods Export from SEZ Drops in Corona Period but Software up 9%

ABS News Service/17.09.2020

Exports in Lockdown Period

ABS News Service/17.09.2020

Single Window System

ABS News Service/17.09.2020

Shaktikanta Das Sees Economic Activity Stabilising in Q2; Lists Five Things to do to Revive Growth

ABS News Service/17.09.2020

At ₹2.53-lakh crore, Total Tax Mop Up Dips 22.5% in April-Sept

ABS News Service/17.09.2020

Agriculture Discussions at WTO to Enter New Phase this Month

ABS News Service/17.09.2020

WTO Issues Report on Measures to Expedite Access to COVID-19 Critical Goods, Services

ABS News Service/17.09.2020

Comoros Reaffirms Ambition to Secure WTO Membership by Next Ministerial Conference

ABS News Service/17.09.2020

August Exports Shrink 12.6%, Trade Deficit Hits 4-month High of $6.77 bn

ABS News Service/16.09.2020

August Exports Show similar Trends as in July 2020 as Businesses & Economic Activities Move towards Normalcy with Limited Local Lockdown, says FIEO President

FIEO/PUB/PR/23/2020-21 dated September 15, 2020

Implementation of Quality Testing (BIS Standards) of Toys Imports Extended to 31 Dec 2020

·    Standards to come into effect only from 1 Jan 2021

Order S.O. 3146(E) dated 15.09.2020

Piyush Goyal says Double Digit Growth in Exports Last Week Shows that Country is Showing Rapid Recovery;

·    Says time is Ripe for early Harvest Trade Deal with the UK

ABS News Service/16.09.2020

Customs’ Scrutiny to Check All Chinese Imports through FTA Countries from Sept 21

ABS News Service/16.09.2020

Chinese Investments Crash, Inflows nearly Half the Level Three Years Ago

ABS News Service/16.09.2020

25 Member Development Council for Footwear and Leather Industry Constituted, RK Gupta of Action Shoes Leads

ABS News Service/16.09.2020

House Panel for Abolishing Long-Term Capital Gains Tax on All Investments in Start-Ups

ABS News Service/16.09.2020

Government Working on Strong Legal Frameworks for Data Handling

ABS News Service/16.09.2020

WTO Members Discuss Participation of Developing Countries in World Trade

ABS News Service/16.09.2020

Pak, Others Will Benefit - Sharad Pawar Urges Onion Export Ban Rethink

ABS News Service/15.09.2020

Exporters Urge Govt to Sort Out Liquidity Issues to Help them Execute New Orders

ABS News Service/15.09.2020

No Retrospective Effect for Customs Duty Payment, Measure to Apply on Date and Time of the Notification Issued and not from the Midnight of the previous Day - Madras High Court Order in Peas Import Case

·   Customs Lose Case, Final Decision on Adjudication

ABS News Service/15.09.2020

Madras HC Directs Customs Authority for Provisional Release of Containers of Used Rubber Tyre Cut in Two Pieces upon Payment of Customs Duties

ABS News Service/15.09.2020

Importer Wins Case against Customs as matter time barred under Section 28(4) of Customs Act, 1962

ABS News Service/15.09.2020

MSME Instant Loan Approval Gains Popularity – Rs. 67k crs Sanctioned by End Aug

ABS News Service/15.09.2020

ICEA Seeks 25% Anti-Dumping Duty on Optical Fibre, Especially on Cheap Imports from China

ABS News Service/14.09.2020

ASEAN-India Ministerial Meeting

MEA New Delhi, September 12, 2020

CBIC Suspends Licences of 56 Customs Brokers Linked with Fraudulent Exporters

ABS News Service/14.09.2020

AP, Odisha Join 11 other States to Go for Borrowing

ABS News Service/14.09.2020

Export Benefits need to Seamlessly Flow to Exporters to help Execution of New Orders, says  FIEO President

FIEO/PUB/PR/22/2020-21 dated 14 September 2020

MSME Ministry writes to CMDs of top 500 Corporate Enterprises to show Solidarity with Smaller Units and Clear MSME Dues on Priority

·   Ministry of MSME Takes the Efforts even Deeper to Realise these Payments

·   After Government Agencies and Public Sector Units, Union Ministry takes up the matter with Private Corporates too

·   Enterprises with over Rs 500 crore turnover required to onboard TReDS platform to improve cash flow to MSMEs

MSME Press Release/14.09.2020

Establishment of Biofuel Stations

ABS News Service/14.09.2020

India Plans to Restrict Copper, Aluminium Imports with an Eye on China

ABS News Service/12.09.2020

Customs Seizes Smuggled Textiles worth Rs 3.3 crore on Fishing Trawler to Bangladesh

·   No Shortage of Textiles in India, Smuggling to good since Export Incentives are Saved

ABS News Service/12.09.2020

Achieving Divestment Target this year will be a Challenge, says CEA

ABS News Service/12.09.2020

CARE expects GDP to contract 8-8.2% in FY21

ABS News Service/12.09.2020

India, China Agree on Five Guiding Principles to Resolve Current Stand-Off

ABS News Service/12.09.2020

Aero Show Feb 2021 Countdown Begins

·   Raksha Mantri Launches Aero India 21 website; Space Booking Opens

ABS News Service/11.09.2020

Jaishankar, Singh Discussed Chabahar Port, other with Iranian Counterparts

ABS News Service/11.09.2020

Shipping Minister Launches Port Disputes Society through Arbitration

ABS News Service/11.09.2020

E-waste Authorities Threaten Action by EPR

ABS News Service/11.09.2020

Rajiv Mehrishi Panel to Recommend Interest Waiver and Moratorium in Covid-19 Period

ABS News Service/11.09.2020

Virtual Engineering Export Exhibitions Replace Traditional Expos for EEPC India, Webinars Replace Face to Face Meets

ABS News Service/10.09.2020

J&K Industry Leaders Interact with Union Finance Minister, Demand Separate Industrial Policy for UT

ABS News Service/10.09.2020

Supreme Court Grants Relief to Borrowers, Extends Loan Repayment Moratorium till Sept

ABS News Service/10.09.2020

India is Working on Clean Energy Mission with a Collective Mindset, says Piyush Goyal

·   Envisions that one day Power will almost become free in the World because of Renewable Sources

ABS News Service/10.09.2020

Aiming to enhance MSME contribution to GDP from about 30 % to 50%; and in exports from 49% to 60% : Mr. Gadkari

·   Targeting creation of 5 crore additional jobs in MSME sector in 5 years

·   ANIC - ARISE Challenges (Atal New India Challenges in Applied Research and Innovation for medium and Small Enterprises) launched

ABS News Service/10.09.2020

WTO Members to Debate how Aid for Trade can Address COVID-19 Impact on Developing Countries

ABS News Service/10.09.2020

Karnataka Clears Special Incentives Scheme for ESDM Sector

ABS News Service/09.09.2020

SOP for Partial Reopening of Schools for Students of 9th to 12th Classes on a Voluntary Basis

Ministry of Health & Family Welfare  Instruction dated 08.09.2020

Phase-wise Unlocking Activities for Skill or Entrepreneurship Training

Ministry of Health & Family Welfare  Instruction dated 08.09.2020

Pradhan Mantri Garib Kalyan Package - Progress so Far

·   More than 42 crore poor people received financial assistance of Rs 68,820 crore under PMGKP

FinMin Press Release/08.09.2020

Thailand, Indonesia Trade Policy Reviews for Remainder of 2020

ABS News Service/09.09.2020

Entire GST Shortfall will be Compensated, says Centre

ABS News Service/08.09.2020

Chennai Port Trust to Roll Out Special Voluntary Retirement Scheme

ABS News Service/08.09.2020

Tamil Nadu Releases Electronics Policy – Aims for 25% Exports Share by 2025

·   Proposes Two Fab Facilities

·   Incentive Packages for MSME Sector in ESDM

ABS News Service/07.09.2020

The 2.35 lakh crore GST Questions – Who will Borrow?

ABS News Service/07.09.2020

China Exports Up 9.5%

ABS News Service/07.09.2020

Samsung to Exit TV Production in China, LCD Panels Exit in Korea and China

ABS News Service/07.09.2020

Guidelines for Grant of Parole/Furlough to Inmates from Prison

MHA File No. 17013/23/2020-PR dated 3 September 2020

Draft Classification of Non-Notified Medical Devices

File No. 29/Miwsc.03/2020-DC (200) dated 3 September 2020

Draft Classification of Non-Notified Diagnostic Medical Devices (IVD Analyzers)

IVD/Misc/196/2020 dated 3 September 2020

Piyush Woos Japan Subsidy to Divert China Departing Japanese Investors towards India

ABS News Service/05.09.2020

India Disputes Memberships of Dispute Panels on Mobiles at WTO

ABS News Service/05.09.2020

DDG Agah Launches Preparatory Process for WTO’s End-of-Year Trade Monitoring Reports

ABS News Service/05.09.2020

Minister Meets Export Promotion Councils

·      Piyush Goyal says Country’s Exports and Imports are Showing Positive Trends; Trade Deficit is Narrowing

·      Capping of Rs 2 Crore for MEIS will not Affect 98% of the Exporters: Goyal

MoC&I Press Release/04.09.2020

India, Bangladesh Launch New Initiative to Connect Landlocked North East

ABS News Service/04.09.2020

Woman’s $26k Alligator Skin Bag Destroyed by Customs after Permit Mistake

ABS News Service/04.09.2020

No Bank Charges on Compulsory Electronic Mode Payment under Sec. 269SU of IT Act, 1961

CBDT Circular No. 16 dated 30th August 2020

Supreme Court says No Intervention in Anti-dumping Matters by Courts

ABS News Service/03.09.2020

Madras HC Orders Provisional Release of Used Tyres for Recycling after Duty Payment

ABS News Service/03.09.2020

Mundra Adani Port under Scrutiny Over Link with Chinese Link

ABS News Service/03.09.2020

CBI Arrests Former Retired CBIC Deputy Commissioner, Two others in Delhi over Toy Import Case

ABS News Service/03.09.2020

Government Blocks 118 Mobile Apps Which are Prejudicial to Sovereignty and Integrity of India, Defence of India, Security of State and Public Order

ABS News Service/03.09.2020

Nigerian with US-Nigeria Dual Citizenship in Fight with Kenya Minister Amina over WTO DG Post

ABS News Service/03.09.2020

Cabinet Approves MoU for Testing for the Japanese Market

ABS News Service/03.09.2020

Govt Entities to Pay MSME within 45 Days

·   Bill Discounting through TReDS also in Place

ABS News Service/03.09.2020

Rs. 86,449 crore of Gross GST Revenue Collected in the Month of August

·   States Show Significant Shortfalls, IGST Satisfactory

MoF Press Release/01.09.2020

Auto Sales & Manufacturing PMI see a Bounce

·   Manufacturing Output Expanded the Highest since March

ABS News Service/02.09.2020

Engineering Share in Total Exports Up, Shows 9.1% Growth on the Back of HRC Steel

ABS News Service/02.09.2020

FIEO Demands Action on Pending MEIS Claims, is very Unhappy on Rs. 2 Cr Ceiling with Rs. 5K Crs Ceiling

ABS News Service/02.09.2020

Australia-India-Japan Economic Ministers’ Joint Statement on Supply Chains Resilience

ABS News Service/02.09.2020

Mini Trade Deal with US is Cooking, says Piyush

ABS News Service/02.09.2020

India Ready to Sign the Initial Limited Trade Package with America, says Minister

ABS News Service/02.09.2020

PUBG MOBILE Game Among 118 Additional Chinese Apps Blocked by Government

ABS News Service/02.09.2020

DDG Wolff Announces Comoros, Timor-Leste in Queue to Join WTO, Ethiopia and Uzbekistan too Move Forward

ABS News Service/02.09.2020

At -23.9% in Q1, Worst-ever GDP Contraction as Lockdown Bites

ABS News Service/01.09.2020

Andhra Pradesh Industrial Development Policy 2020-13 Released

ABS News Service/01.09.2020

Second Set of Customs Officers Handling Gold in Kerala Airport get Marching Orders

ABS News Service/01.09.2020

Unlock 4 Opens Free Movement throughout India, Metro Services to Restart in Sept

MHA Order No. 40-3/2020-DM-I(A) dated 29th August 2020

India Asks for Review of ASEAN FTA by End of the Year in ASEAN Trade Ministers Meet

·    17th ASEAN-India Economic Ministers’ Consultations Held

ABS News Service/31.08.2020

FM to Review Fund Release by Banks and NBFCs in COVID-19 Program

ABS News Service/31.08.2020

India’s maintains its high Recovery Rate: total Recoveries cross 27 lakh

·    Recovered Patients are more than 3.5 times the Active Cases

ABS News Service/31.08.2020

India Crosses Another Landmark- Records Highest Ever Tests in a Single Day

·    More than 10.5 lakh COVID Tests Conducted in the last 24 hrs

·    All State/UTs conducting more than 140 tests/day/million, as advised by WHO

ABS News Service/31.08.2020

States to Discuss Two Options for GST Compensation Cess with Finance Secretary on 1 Sept

·    Cutting Expenditure to Reflect Poor Collection not an Option!

MoF Press Release/29.08.2020

Gujarat Leads in Investor Interest

·    Release Industrial Policy 2020

ABS News Service/29.08.2020

China and Vietnam Pick Cheap Indian HR Steel, Tata and Jindal Lead Export Push

ABS News Service/29.08.2020

GST Compensation Cess Shortfall to be met by More Borrowing from RBI – More Money Supply of Rs. 2.30 lakh crs in the Economy Forecast

·    41st GST Council Meeting Outcome: Key Highlights dated 27th August, 2020

ABS News Service/28.08.2020

Karnataka New Industrial Policy 2020-25 Notified

ABS News Service/28.08.2020

Home Secy Orders No Restriction on inter-State and intra-State Movement of Persons and Goods and Services

D.O.No.40-3/2020-DM-I(A) dated 22.08.2020

Jan Dhan Accounts Explained

·    Pradhan Mantri Jan-Dhan Yojana (PMJDY) - National Mission for Financial Inclusion, completes six years of successful implementation

·    PMJDY has been the foundation stone for the Modi government’s people-centric economic initiatives –Finance Minister

·    More than 40.35 crore beneficiaries banked under PMJDY since inception, amounting to Rs. 1.31 lakh crore

·    63.6% Rural PMJDY accounts; 55.2%Women PMJDY accounts

·    Under PM Garib Kalyan Yojana, a total of Rs. 30,705 crore have been credited in accounts of women PMJDY account holders during April-June, 2020

·    About 8 crore PMJDY accountholders receive Direct Benefit Transfer (DBT) from the Government under various schemes

PIB Press Release dated 28th August 2020

WTO Issues New Report Regarding Impact of COVID-19 Crisis on Agricultural Trade

·    Agri Trade Shows Rise in Staples but other Segments Fall

ABS News Service/28.08.2020

Coastal States Emerge as Leader in Export Preparedness

·    Rajasthan Leads in Landlocked Group

ABS News Service/27.08.2020

Cooperation, Collaboration and Commitment will Guide the Strategic Partnership between India and ASEAN Countries, says Piyush Goyal

·    India demonstrated itself as the trusted partner to the world, particularly in times of stress, Goyal

ABS News Service/27.08.2020

India Manages Pushback of Compliance of Implementation of Poultry Panel Report to March 2021

·    New Delhi Hopes to Convince US to Withdraw request for Authorisation to Impose Retaliatory Duties

ABS News Service/27.08.2020

Karnataka Govt Ordinance for Ease of Doing Business

Karnataka Ordinance No. 12 of 2020

FASTag made Mandatory for Availing All Discounts on the National Highways Fee Plazas

ABS News Service/27.08.2020

Mobility Worst Affected by Restriction following Covid-19

ABS News Service/27.08.2020

Structural Reforms are a Key Priority of the Government: Finance Minister

MoF Press Release/25.08.2020

Centre Mulls Introducing 2nd Stimulus Package only after COVID-19 Fears Subside: FinMin

ABS News Service/26.08.2020

‘No-GM’ Certificate Mandatory for 24 Food Crops from January 2021

·    No Action yet on Oil Seeds and Edible Oils

ABS News Service/25.08.2020

Delhi HC Clubs 40-Odd Pleas by HUL, Patanjali against Anti-Profiteering Rulings

·    Next Date 3 Nov

ABS News Service/25.08.2020

Study wants ₹3-lakh-crore Loans for MSMEs at 3.5-4% Interest

ABS News Service/25.08.2020

COVID-19: Delhi High Court extends All Interim Orders till October End

ABS News Service/25.08.2020

DPIIT Notifies Format for Bidders from Countries Sharing Land Border with India

DPIIT Office Memorandum dated 24.08.2020

Major Reform by Govt of Maharashtra for FDI cases above 50 crore will be provided Time Bound Clearances including Deemed Clearance

Resolution No. PSI-2020/C.R.73/INDUSTRY-8 dated 19 August 2020

Large Food Chains and Fast Food Joints to Display Calory Value on Menu from 1 Jan 2022

F. No. REG-18/Menu Labelling/ FSSAI-2018 dated 21st August 2020

FSSAI Releases Draft Standards for Max Pesticide Residues in Major Crops

F.No.01-SP (PAR) Notification-Pesticides/Stds-FSSAI/2017 dated 20th August 2020

FSSAI Circular on Adulteration of Edible Oils

F.No.12(3)2016/Edible Oil/RCD/FSSAI dated 19th August 2020

Refund of Wrong Payment in FSSAI

No.15(6)2020/FLRS/RCD/FSSAI dated 18th August 2020

FSSA 2006 Revived to More Papers

F.No.1-95/Std/Misc/ SP(L&C/A)/FSSAI-2015-PT-2 dated 17th August 2020

Credit Guarantee Scheme for Sub-debt may Benefit MSMEs...

ABS News Service/24.08.2020

Loan Restructuring Plan Will Help Revive Economy, says RBI Chief

ABS News Service/24.08.2020

Govt to Study Auto Supply Chain to Boost Localization

ABS News Service/24.08.2020

Kerala HC Prescribes EMI Shot for Covid-Hit Business - Permits GST Assessee to Pay Tax Dues in Equated Instalments

ABS News Service/24.08.2020

Tiktok to Challenge Trump's Crackdown in Court Amid Rising Dispute

ABS News Service/24.08.2020

Ministry of Information and Broadcasting Releases SOP for Media Production

ABS News Service/24.08.2020

From September 1, Imported Toys to be Let in only after Quality Testing, says Paswan

ABS News Service/22.08.2020

Details of Manufacturer, Date of Expiry, Price and other details of the Product should be Legibly given on Packages of All Products - Ram Vilas Paswan

ABS News Service/22.08.2020

DoCA will Launch One Nation One Standard Scheme for Standardization of All Products in the Country Soon

·    Ram Vilas Paswan Launches Online System of Registration and Renewal for Jewellers and Online System of Recognition and Renewal of Assaying and Hallmarking (A&H) Centers

ABS News Service/22.08.2020

Chinese Firm Sole Foreign Bidder, Railways Cancels Tender for Vande Bharat Trainsets

ABS News Service/22.08.2020

Adanis close to acquiring GVK’s 51% in Mumbai International Airport

ABS News Service/22.08.2020

Government Claims Issuing Over ₹88,000-crore Income-Tax Refund so far this Fiscal

·    ₹3,400-crore Fund for Pending Housing Projects Got Final Approval

ABS News Service/22.08.2020

Income Tax Department conducts searches in Bhopal

MoF Press Release/21.08.2020

Guidelines for Credit Guarantee Scheme for Subordinate Debt (CGSSD) for Stressed/NPA MSMEs

ABS News Service/22.08.2020

Indians to Get E-passports with Electronic Chip from Next Year

ABS News Service/21.08.2020

CBIC Notifies Eligible Importers may Avail Benefit of Deferred Import Duty Payment without Intimation

ABS News Service/21.08.2020

World Trade Crashes 18.5% in Q2 of 2020

·   L-Shape Recovery Round the Corner, says WTO

ABS News Service/20.08.2020

Engineering Goods Exporters Complain ''AatmaNirbhar'' Benefits Pocketed by Large Steel Sector

·   Pig Iron Price Rises by 3 per kilo

·   Exporters Demand Steel at “Export Parity” Price

ABS News Service/20.08.2020

Textile Ministry to Provide Certified Seeds to Jute Farmers: Smriti Irani

·   MoU Signed between NSC and JCI for Distribution of Seeds

ABS News Service/20.08.2020

Beirut Explosion of Ammonium Nitrate Shows Systems Failure in Clearing Cargo – Lessons for Indian Customs who Holds Up such Cargo for years

·   Seized Stocks in Chennai Port is a Ticking Time Bomb

ABS News Service/20.08.2020

MoEF Specifies 19 Integrated Regional Offices with Jurisdictions Over 33 States Covering Five MoEF Agencies from 1st October

ABS News Service/19.08.2020

Agri Exports Up 23% in Mar-June 2020 Quarter

·   Export Promotion Forums for Specific Agri Products under APEDA Formed at the Behest of Ministry of Agriculture, Comprehensive Action Plan Prepared

ABS News Service/19.08.2020

State Govt Claims No Exemption Certificate to Consulate for Diplomatic Baggage in Gold Smuggling Case

ABS News Service/19.08.2020

TKD Customs Appraiser Arrested by CBI in Chennai with 1 crore Cash

ABS News Service/19.08.2020

Food Supply to Migrants in Covid period

ABS News Service/19.08.2020

Construction, Agriculture, Electronics Demand for Skill Development in Garib Kalyan Movement

ABS News Service/19.08.2020

UP Releases New 2020 Electronics Policy

·   To attract investment worth INR 40,000 Cr

·   To establish three (3) Electronics Manufacturing Clusters (EMC) in the state

·   To establish three (3) Center of Excellence (CoE) in the state

·   To establish ESDM parks for Domestic/Foreign investors in the state

·   To attract investment in semiconductor manufacturing through FAB units

ABS News Service/19.08.2020

More than 300 Items in Electronics, Solar and Textiles due for Duty Hikes in Atmanirbhar Campaign

·   Textiles, Electronic Goods such as Cameras and Laptops, Solar Modules, Solar Panels, and Solar Inverters

ABS News Service/18.08.2020

Exports Pickup in July 2020, Textiles Improve

·   Gold Imports Up

·   General Imports Including Machinery Continue to Fall

ABS News Service/17.08.2020

Thermal Coal, Coking Coal Imports at Major Ports Dip 31 per cent in April-July, says IPA

ABS News Service/17.08.2020

Statement of EEPC India Chairman Mahesh Desai on Trade Data

ABS News Service/17.08.2020

Arrested Governor of Brazil Sergio Cabral Floated Dozens of Shell Companies in India

ABS News Service/17.08.2020

Draft EIA in Line with Green Rules, Court Rulings: Prakash Javadekar, Environment Minister

ABS News Service/17.08.2020

Prime Minister Narendra Modi Launches Platform for “Transparent Taxation - Honouring the Honest”

·   “Faceless should not be Heartless!”, says a Taxpayer

·   Tax System Aims to be Seamless, Painless, Faceless: PM

·   Says the number of taxpayers is significantly low with only 1.5 Crore paying taxes in a country of 130 Crore people

·   Prime Minister urges people to introspect and come forward to pay Income taxes due on them to build an AtmaNirbharBharat

·   With the launch of the Tax Charter, taxpayer is assured of fair, courteous and rational behavior: PM

·   Faceless appeal will be available across the country from 25th September i.e. Deen Dayal Upadhyay's Birth Anniversary: PM

·   “Banking the Unbanked, Securing the Unsecured, Funding the Unfunded and Honoring the Honest” - Focus of the Government: PM

·   Emphasis is on making every law and policy People Centric and Public Friendly rather than Power Centric: PM

ABS News Service/14.08.2020

PM: Tax System will be Made Seamless, Painless, Faceless

·   Modi Launches Taxpayer Charter; CBDT Restricts Power of Officers in surveys

ABS News Service/14.08.2020

Need to Upgrade Ordnance Factories to Lower Import Dependence, say Defence Experts

·   Local Manufacturers Eye Big Opportunities in ‘Local Push’; Confident of Achieving Targets

ABS News Service/14.08.2020

China Slaps Another Five Years Anti-dumping Duty on India-made Optical Fibre

ABS News Service/13.08.2020

NIA Officer Probing Kerala Gold Smuggling Case is Rewarded with Medal

ABS News Service/13.08.2020

Quran Book from UAE through Diplomatic Bag in Customs Net, Protocol Officer to give Statement

ABS News Service/13.08.2020

For Export Boots, CII Urges Extension of Interest Subsidy Scheme, Faster GST Refunds

ABS News Service/12.08.2020

Gadkari Calls upon AEPC for Taking Measures to Target increasing Exports by Two Times

·   Minister Stresses on Ensuring Quality at Competitive Cost to Meet needs of Global Market

·   Will Review Every Scheme from the Point of Adopting Digital Management System for increasing Transparency, Avoiding Project Delays and Resolving Grievances: Gadkari

ABS News Service/12.08.2020

Prime Minister Modi to Launch the Platform for “Transparent Taxation – Honoring the Honest” on the 13th August 2020

ABS News Service/12.08.2020

Around 68% rural Indians faced ‘high’ monetary difficulty during lockdown: Survey

·   Only 20% got Work under MGNREGA; but 74% are Satisfied with Govt’s Handling of the Pandemic

ABS News Service/11.08.2020

Import Embargo on 101 Items Beyond given Timelines to Boost Indigenisation of Defence Production

·    Domestic Companies Expected to Get Rs. 10,000 crs Orders every Year

·    MoD's Big Push to Atmanirbhar Bharat Initiative

MoD Press Release/09.08.2020

Import Embargo on Defence Items: Military-Industry Partnership Long Overdue, says Anand Mahindra

ABS News Service/10.08.2020

LCA, Akash Missile and Pinakarocket System are in Negative List of Import even if named Differently, Clarifies MoD

MoD Press Release/10.08.2020

Piyush Goyal Asks the Traders to Undertake Customer Awareness Drive to Promote Make in India Goods; Lauds their Role during Lockdown

·    National Traders Welfare Board will be Soon Constituted

ABS News Service/10.08.2020

New Industrial Registration for MSME – Official Clarification

MSME Office Memorandum dated 6 August, 2020

Coaching Classes are not eligible for GST Exemption, Rules Andhra Bench of AAR

ABS News Service/10.08.2020

Arvind Panagariya Cautions Govt: Import Licences will be a Complete Violation of WTO

ABS News Service/10.08.2020

Banks not Liable for Service Tax in International Trade Facilitation: CESTAT

ABS News Service/08.08.2020

Inherited Gold and Silver cannot be added to Income, Rules ITAT

ABS News Service/08.08.2020

CBIC Web Interaction on “In Bond Manufacturing & Other Operations”

ABS News Service/08.08.2020

PMP and PLI Schemes for White Goods

·    DPIIT Requests Inputs from Domestic Industry

ABS News Service/08.08.2020

Xiaomi Developing New Version of Compliant Browser in Phone

·    MD Manu Jain Threatens Legal Action against those Spreading Misinformation

ABS News Service/08.08.2020

WTO Members Discuss Cotton Development Assistance, Impact of COVID-19 on Cotton Trade

ABS News Service/08.08.2020

Luxury Auto Manufacturers and Exporters Pressurize DGFT for Easy Licences for Tyre Import from China

ABS News Service/07.08.2020

UAE Consulate Attaché in Trivandrum Threatened Customs Officials with Retaliation in Dubai over Diplomatic Baggage Carrying Gold

ABS News Service/07.08.2020

MSME Borrowers Eligible for Debt Restructuring under Existing Framework

ABS News Service/07.08.2020

IBBI Amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

PIB Press Release/06.08.2020

WTO Members Push for Increased Transparency on COVID-19 Measures in Farm Trade

ABS News Service/07.08.2020

Patanjali Chased Profits by Exploiting Public Fear - Madras HC Imposes Rs 10 lakh Fine on Firm

ABS News Service/07.08.2020

Messe Frankfurt says Virtual will Make Inroads in Exhibition Space but Face to Face Meetings will Remain

ABS News Service/07.08.2020

RBI Governor Keeps Rates Unchanged in MPC

·   Borrowing Up 90% (Current 75%) of Value Pledged against Gold and Jewellery Allowed

ABS News Service/06.08.2020

India, Japan to Hold Investment Forum

ABS News Service/06.08.2020

WTO Report Draws Attention to Impact of COVID-19 Trade Disruptions on Women

ABS News Service/06.08.2020

Pradhan Mantri Garib Kalyan Anna Yojana Phase-I: April 2020 to June 2020

ABS News Service/06.08.2020

India Bans more Chinese apps, including some from Xiaomi, Baidu

·   The bans are part of India's moves to counter China's dominant presence in the country's internet services market

·   The Govt in June banned 59 Chinese apps for threatening the country's 'sovereignty and integrity', including TikTok, UC Browser and Mi Community app

ABS News Service/05.08.2020

Trump on Track to Stop TikTok as Microsoft on Takeover Path

ABS News Service/05.08.2020

India Woos Maldives to Check China Neighbourhood

ABS News Service/05.08.2020

ASEAN-India FTA Review can Double Trade between the Two, says Puri

·   Cambodia, Philippines Seek Bilateral FTAs with India

ABS News Service/05.08.2020

CBIC Revamp Slow, Thousands of IRS Posts Vacant

ABS News Service/05.08.2020

Faceless Assessment: I-T Dept Hopes to Dispose of over 49,000 Remaining cases by Mid-Sept

ABS News Service/05.08.2020

WTO Members Adopt Report on Food Safety, Animal and Plant Health, Paving Way for New Work

ABS News Service/05.08.2020

Vivek Johri Joins Board, Appointment Cleared by the Cabinet Committee

ABS News Service/04.08.2020

Delhi International Airport Challenges 'Blocked ITC' Provision

·      Demand Credit or Refund, Delhi HC Double Bench Issues Notice

Delhi High Court Order dated 29.07.2020

India to Impose Import Restrictions to Counter Circumvention of China Origin Goods through FTA

ABS News Service/04.08.2020

Draft Defence Production and Export Promotion Policy 2020 Released, Aims to Hit 1.75 lakh crs of Export

MoD Press Release/03.08.2020

Defence Equipment Manufacturing Industry ‘Preparing a Negative List for Imports’

·      DAP 2020 provides Effective Framework to Encourage Industries take up Local Manufacturing

ABS News Service/04.08.2020

Govt Issues Guidelines for Reopening Gyms, Yoga Institutes

ABS News Service/04.08.2020

Customs Officials, Agent Booked by CBI for “Cheating” Chennai Port Trust on Refund of wharfage Charges

ABS News Service/04.08.2020

Foreign Direct Investment in Commercial Coal Mining in India

PIB Press Release dated 3rd August 2020

WTO Members Reviews ASEAN FTA

ABS News Service/04.08.2020

WTO Members Stress Role of IP System in Fighting COVID-19

ABS News Service/04.08.2020

Phase I

PLI Scheme for 4% to 6% Incentive Concludes, 22 Majors File Applications

·   Big Boys Apple and Samsung Dominate

·   Average Annual Rs. 2.3 lakh crs Incremental Production Expected in Rs. 41,000 crs Budget

·   Rs. 5.7 crs Extra Production for 5 years for every 1 crs Investment

·   Exports Linked Production and WTO Compatibility Main Feature

ABS News Service/03.08.2020

Public Suggestions on Enforcing BIS Certification for Two-wheeler Helmets Invited

Ministry of Road Transport and Highways (MLV Section) Notification dated 30.07.2020

Automatic Agarbatti Making and Powder Mixing Machines for “Hand Made” Khadi Industry under PPP Mode

·   Agarbatti Industry Reduced to Job Worker Status with Rs. 500 per day for workers and Rs. 300 for Mixers

ABS News Service/03.08.2020

Exports of Ventilators Allowed, Falling Case Fatality Rate Provides Opportunity

ABS News Service/03.08.2020

Kerala Gold Smuggling Case

Swapna, Sandeep Shifted to Judicial Custody from Customs Custody till August 21

ABS News Service/01.08.2020

General Council Agrees Guidelines for Final Stage of DG Selection

ABS News Service/01.08.2020

TEMA Demands Procurement Benefits under ‘Make in India’ for Private Sector also

ABS News Service/31.07.2020

Engineering Exporters Approach Commerce Minister for Urgent Restoration of MEIS Benefits

ABS News Service/31.07.2020

Saudi Arabia Appeals Panel Report regarding Intellectual Property Measures

ABS News Service/31.07.2020

Panels Established to Review Indian Tech Tariffs, Japanese Export Restrictions, EU Palm Oil Measures

ABS News Service/31.07.2020

Customs Officer Transferred in Gold Smuggling Case as he States No Pressure on him from CM Office to Release Gold Consignment

·   Diplomat Offered Rs. 750 per 10 gms Commission for Use of Diplomatic Bag

ABS News Service/30.07.2020

COVID-19 Unlock 3

Lockdown Continues in Unlock.3 with Only Gyms and Yoga Centres Opened Up, Transport Freeze Remains

ABS News Service/30.07.2020

Strict Enforcement of Lockdown in Containment Zones till 31st August 2020

ABS News Service/30.07.2020

Japan, Taiwan Get a WTO Panel each on Mobile Tariff Dispute, Total Three Panels now against India including EU Set Up in June 2020

ABS News Service/30.07.2020

WHO, WIPO, WTO Launch updated Study on Access to Medical Technologies and Innovation

ABS News Service/30.07.2020

Brajendra Navnit, Ambassador & Permanent Representative of India to the WTO presents letter of Credentials to Director-General, WTO

PIB Press Release/29.07.2020

20 Hawala Agents Involved in Gold Smuggling, Claims Customs

·   Faizal Fareed and Rabins Hide in Dubai

ABS News Service/29.07.2020

India Set to Ban Import of Weapons that can be Produced Indigenously

ABS News Service/29.07.2020

Artificial Sweetener Declaration must on Cups and Containers Sold through Vending Machines

FSSAI Notification dated 21st July 2020

No Sale Licence for Hand Sanitizers under DCA, 1940

Ministry of Health and Family Welfare Notification dated 27th July 2020

Minister Updates BIS Performance

ABS News Service/28.07.2020

All Provisions of the Consumer Protection Act, 2019 have come into force from 24th July, 2020 including the Consumer Protection (e-Commerce) Rules, 2020, says Paswan

ABS News Service/28.07.2020

India Bans 47 more Chinese Apps, Xiaomi App Zili too on Hit List

ABS News Service/28.07.2020

War of the Two Ladies: US Backs Nigerian while China is for the Kenyan for WTO Top Job

ABS News Service/28.07.2020

China woos India Neighbour Pak, Nepal and Afghanistan

ABS News Service/28.07.2020

Gold Smuggling Case: CPM Central Committee Pledges Support to Vijayan

ABS News Service/28.07.2020

Customs Acquires Control, Gets Custody of Swapna Suresh, Sandeep Nair in Kerala Gold Smuggling Case by Court Intervention

ABS News Service/28.07.2020

IAS Officer Grilled Further

ABS News Service/28.07.2020

Centre Pays ₹13,000 crore GST Compensation to States, UTs

ABS News Service/28.07.2020

Centre Released Rs. 1,65,302 Crore as GST Compensation to States/UTs for the FY 2019-20 against Cess Collection of Rs. 95,444 crore

MoF Press Release/27.07.2020

6940 Entries Received for Aatma Nirbhar Bharat App Innovation Challenge

MeitY Press Release/27.07.2020

Centre to Go Ahead with PSUs’ Divestment Cleared by Cabinet: Sitharaman

ABS News Service/28.07.2020

DGGI Books 3 Firms for Alleged Tax Evasion of more than Rs 600 Crore

ABS News Service/28.07.2020

Goods Council Agrees on 2020 Chairs for Subsidiary Bodies, India Missing in all 14 Chairs

ABS News Service/28.07.2020

FEMA Notification on Air Transport Services

Ministry of Finance Notification S.O. 2242(E) dated 27th July 2020

Customs Objects to Police Handing Over Gold Suspects to NIA

ABS News Service/27.07.2020

200 Investment Proposals from China Wait for Security Clearance by Home Ministry

ABS News Service/27.07.2020

After Ban on 59 Chinese Apps, 275 more on Radar; List includes PubG, Resso

ABS News Service/27.07.2020

Customs Department to Send Notice to Lokanath Behera

ABS News Service/27.07.2020

Extension of Issue of Certificate of Origin (CoO) from 60 days to 180 days under India-Chile PTA in case of Emergency

ABS News Service/27.07.2020

Fake GST Refund Claims

FinMin to Crack the Whip against over 1,400 ‘Risky Exporters’

ABS News Service/27.07.2020

Kerala Gold Smuggling Case: Swapna Suresh says UAE Head was Key in Gold Import. Hints that Trial may go Back to the Emir Himself

ABS News Service/25.07.2020

India Needs further Economic Reforms to attract more Investment, says IMF

ABS News Service/25.07.2020

INDIA-UK Affirm Shared Commitment to a Free Trade Agreement and towards that, Early Harvest Deals in a Staged Manner

ABS News Service/25.07.2020

Exporters Complain of Compliance Burden on Crackdown of IGST Refund Cases

ABS News Service/25.07.2020

China Orders Closure of US Consulate in Chengdu

ABS News Service/25.07.2020

Former RBI Governor Urjit Patel says New Bankruptcy Law caused Rift with Government

ABS News Service/25.07.2020

Donald Trump Eases Controls on Export of Armed Drones

ABS News Service/25.07.2020

WTO Report Shows Members Moving to Facilitate Imports even as Trade Restrictions remain High

ABS News Service/25.07.2020

WTO Members Appoint Costa Rica for Agriculture Talks

ABS News Service/24.07.2020

WTO Members Set Work Programme for Text-Based Phase of Fisheries Subsidies Talks

ABS News Service/24.07.2020

Brazil Underlines Bid to Join Government Procurement Pact, Côte d’Ivoire becomes Observer

ABS News Service/24.07.2020

Azevędo Farewell Remark to General Council of WTO

ABS News Service/24.07.2020

Restrictions on Public Procurement from certain Countries

ABS News Service/24.07.2020

After FDI Curbs, India Plans Stricter Check on FPIs from China and HK

ABS News Service/24.07.2020

Chinese Tech Companies with Government Links Face Curbs

ABS News Service/24.07.2020

Consumer Protection (E-Commerce) Rules, 2020

·   Short title and commencement

·   Scope and Applicability

·   Definitions.

·   Duties of e-commerce Entities

·   Liabilities of Marketplace E-commerce Entities

·   Duties of Sellers on Marketplace

·   Duties and Liabilities of Inventory E-commerce Entities

·   Contravention of Rules

Department of Consumer Affairs Notification G.S.R. 462(E) dated 23 July 2020

Gold Smuggling Case could Affect India-UAE Relations, says NIA

ABS News Service/24.07.2020

New Specified Health Warning on Tobacco Products Packs

ABS News Service/24.07.2020

Piyush Goyal Calls for All Nations to Enhance Transparency in their Trade and Build Trust

·   Goyal Participates in the 10th BRICS Trade Ministers Virtual Meeting

·   WTO Reform Process should be Inclusive, Balanced and Consensus Based

·   Minister Stresses on Removing Multiple Hurdles in Access to Medicines at Affordable Prices

ABS News Service/24.07.2020

Recovery in Petro Products Demand Falters

‘Stagnation’ Attributed to Partial Lockdowns in Parts of the Country

ABS News Service/24.07.2020

Sharp Rise in Iron and Steel Exports to China, Vietnam, Taiwan helped Arrest Slide in Engineering Exports in June: EEPC India analysis

ABS News Service/24.07.2020

Finance Minister Holds Review Meeting on Special Window for Stressed Residential Projects to Boost Investment in the Real Estate Sector

·   Rs. 8767 crore Approved for 81 Projects; Enable the Completion of almost 60,000 Homes across India

·   Activation of Construction Sites by the Special Window would provide Employment Opportunities for various Skilled and Semi-skilled Labourers

ABS News Service/24.07.2020

UK’s OneWeb Bid with India’s Bharti under Parliament Scrutiny

ABS News Service/24.07.2020

Expert Committee Invites Public Comments on Non-Personal Data Framework

ABS News Service/24.07.2020

Heavy Industries Releases 21 Broad Spectrum Machinery for Compulsory BIS Clampdown on Imports

·   In Addition “Safety” Components Listed to Create Hurdles on other Machinery

Ministry of Heavy Industries and Public Enterprises Draft Order dated July 2020

Conformity Assessment Scheme for Grant of licence to use or apply BIS Standard Mark for Goods and Articles for BIS Licence

Draft BIS Scheme-IX

Draft Omnibus Technical Regulation (OTR) on Machinery and electrical Equipment for Safety

Ministry of Heavy Industries and Public Enterprises Letter dated 17th July 2020

Voltage Switchgears and Control Gears under Compulsory BIS Mark on Imports

Ministry of Heavy Industries and Public Enterprises Draft Order dated July 2020

PLI (Production Linked Incentive) for Pharma Starting Materials, Intermediates and APIs

Ministry of Chemicals and Fertilizers Notification dated 21.07.2020

Scheme for Promotion of Medical Device Parks

No. 31026/08/2020-MD dated 21.07.2020

Amid Looming Chinese Presence, India Woos Bhutan with Trade and Connectivity

ABS News Service/23.07.2020

Brother of Raj CM Gahlot Exports Potassic Fertiliser in 2010, Lands in ED Lap Charged under PMLA for Proceeds of “Criminal” Activities

ABS News Service/23.07.2020

DGGI Detects Rs 72 crore of Cigarettes in Kota

ABS News Service/23.07.2020

Centre Ponders how to Define ‘Country of Origin’ for E-commerce Products

ABS News Service/23.07.2020

CCI Approves Acquisition of Krishnapatnam Port Company Limited by Adani Ports and Special Economic Zone Limited

ABS News Service/23.07.2020

Members Endorse Turkmenistan’s WTO Observer Status

·   A Dy DG at WTO may take as Acting DG from 1 Sept

ABS News Service/23.07.2020

Govt will bring Tariff Barriers to Protect Domestic Battery Manufacturers

·   Customs Duty on Imported Battery will Come, says RK Singh

ABS News Service/22.07.2020

Govt to Revamp FTA Strategy to Ensure Economic Benefits

ABS News Service/22.07.2020

India, US are Close to Quick Trade Deal, says Piyush Goyal

ABS News Service/22.07.2020

Govt will bring Tariff Barriers to Protect Domestic Battery Manufacturers

·   Customs Duty on Imported Battery will Come, says RK Singh

ABS News Service/22.07.2020

Form GSTR-4 now Available on GSTN Portal

ABS News Service/22.07.2020

Steel and Steel Products (Quality Control) Order, 2020 for Compulsory BIS Mark on Imports

·   List now Covers 120 Items in All, 2 Additions in Table 1

·   Input too must Qualify for BIS for 5 New Items totaled 7 items in Table 2

The current notification dated 17 July 2020 supersedes the previous notification number S.O. 1673(E), dated 27th May, 2020

Ministry of Steel Order S.O. 2379(E) dated 17 July 2020

PQ Order 2003

Stone Aggregate (Rodi) Dust for Construction – Nancowry and Port Meadow of Andaman & Nicobar Island Notified as Point of Entry for Non-Agricultural purposes from ASEAN

Min of Agri. Notification S.O. 2390(E) dated 20.07.2020

New Consumer Protection Act comes into force

ABS News Service/21.07.2020

India, US Trade deal

New Delhi seeks Preferential Treatment on Drugs, other Goods

ABS News Service/21.07.2020

MSME Status to be Determined from Income Tax Reruns

ABS News Service/21.07.2020

FinMin Rules Out Clarification, FAQ on ‘Google Tax’ (Equalisation Levy)

·    ₹200 cr has already been Collected so Far this Fiscal

ABS News Service/21.07.2020

Faceless Assessment more Important than Search, Survey and Probe: CBDT Chairman, Pramod Chandra Mody

ABS News Service/21.07.2020

MyGov (CBIC) Invites suggestions for Review of Existing Customs Exemption Notifications and Laws by 21 Aug 2020

ABS News Service/21.07.2020

Farmers’ Agreement on Price Assurance and Farm Services (Dispute Resolution) Rules, 2020

Ministry of Agriculture and Farmers’ Welfare Notification dated 20th July 2020

Health Warning on Tobacco Products (Image-2) to Continue till 30 Nov 2020

Ministry of Health and Family Welfare Notification dated 20th July 2020

Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Rules, 2020

Ministry of Agriculture and Farmers’ Welfare Notification dated 20th July 2020

Senators Introduce Bill to Allow Americans to Sue China Over COVID-19 Pandemic

ABS News Service/21.07.2020

“Decisions made at the WTO will matter” for Economic Recovery from COVID-19 Crisis, says DG Azevędo

ABS News Service/21.07.2020

WTO to Set Up Two More Dispute Panels against India on Japan, Taiwan’s Request in Mobile Phone Case

·   EU Request already in Pipeline

ABS News Service/20.07.2020

Amina Mohamed of Kenya with US Support Emerges an early WTO DG Front-Runner

·   Tracking COVID-19’s Impact on Trade

ABS News Service/20.07.2020

After Indian Railways shows Chinese Firm the Door, China Company Retaliates, Sues Railways

ABS News Service/20.07.2020

Finance Minister Attends the 3rd G20 Finance Ministers and Central Bank Governors Meeting

ABS News Service/20.07.2020

Kerala Gold Smuggling Case: Customs to Probe Phone Calls made to UAE

ABS News Service/20.07.2020

Time Limit for Availing Transitional Credit under GST is Mandatory, says Madras HC

ABS News Service/20.07.2020

Truck with Space Research Machinery Took a Year to Reach Kerala from Maharashtra

ABS News Service/20.07.2020

Type Approval for Mobile Import Returns as DoT Server Breaks Down

ABS News Service/20.07.2020

CBIC Claims 1,377 Exporters Fraudulently Claimed IGST Refund of ₹1,875 crore

ABS News Service/18.07.2020

FIEO Offers to Help Locate Untraceable Exporters

FIEO Press Release dated 18.07.2020

Madras HC Rules in Landmark Judgement that Enhanced Duty cannot be charged on Imports Cleared before Time of Notification Issue

·    Board must Refund old Cases where wrongful Duty Charged at Gun Point by Customs

ABS News Service/18.07.2020

Eight Candidates for WTO DG Race

·    WTO Members Meet the Candidates for Director-General

ABS News Service/18.07.2020

Beware the Silent Spreader – Covid Waste

·    Surging Biomedical Waste Generated from Residential and Containment Areas can Pose a Major Threat to People

ABS News Service/18.07.2020

Time to bring in the ‘Fourth’ Bin for Home Medical Waste

·    India needs to put a Tighter Lid on this Waste to contain the Spread of Covid-19

ABS News Service/18.07.2020

Kerala Gold Smuggling: Hawala Network, more Shipments over Rs 40 crore under Scanner

ABS News Service/18.07.2020

Joint Statement on U.S.-India Strategy Energy Partnership

ABS News Service/18.07.2020

New Form 26AS is the Faceless Hand-Holding of the Taxpayers

Min of Fin Press Release/18.07.2020

Air Conditioners under Compulsory BIS Regime – Imports Must Bear BIS Mark

MoC&I Order dated 5th December 2019

Rupee Gains by 30 paise against Dollar, Pegged at Rs. 76.10 w.e.f 17 July 2020

59-Cus(NT)/16.07.2020

India and Bhutan Launch Jaigaon-Ahllay for Pasakha Industrial Estate Trade Route

·   Alternate Route via Phuentsholing

ABS News Service/17.07.2020

Covid-19: Why Casual Workers and the Self-Employed are most likely to Lose their Work and Incomes

ABS News Service/17.07.2020

For home-grown 5G, RJio bets on free platform Open RAN

ABS News Service/17.07.2020

India-US FTA in the Making? – Tele-conversation held between Piyush Goyal and Ross

ABS News Service/17.07.2020

Kerala Gold Smuggling Case: UAE Consular Attache’s Gunman Missing, Allege Family

·   Diplomatic Baggage cannot be checked under Vienna Convention

·   Fazil Fareed and KT Ramees in Suspect List

·   Sivasankar IAS Suspended

ABS News Service/17.07.2020

Giriraj Singh Launches the Implementation Guidelines for Animal Husbandry Infrastructure Development Fund

·   Milk production is expected to rise to 330 million tons by 2024; Government trying to increase milk processing up to 40% - Giriraj Singh

·   AHIDF will facilitate incentivization of investments in establishment of infrastructure for dairy and meat processing and value addition, and establishment of animal feed plants in the private sector

ABS News Service/17.07.2020

Kolkata to North East via Chittagong Port Route Open

·   Union Shipping Minister Flags Off First Container Ship from Kolkata Port to Agartala via Chattogram Port

·   It’s a Historic move in Indian Maritime Sector and Economic Development of North East Region: Mandaviya

ABS News Service/17.07.2020

Government unable to give GST to Hand Sanitizers will Lead to Inverted Duty Rate

Min of Fin Press Release/15.07.2020

No BIS Certificate for ACs if both Indoor and Outdoor Units are Outsourced to Supporting Manufacturer

·   Guidelines for Certification of Air Conditioners (AC) having Indoor Unit (IDU) and Outdoor Unit (ODU)

ABS News Service/16.07.2020

Issue Notification to Ban RO Purifiers by year-end, NGT tells Govt

ABS News Service/16.07.2020

Agri Ministry Issues New Guidelines for New Farmer Producer Organisations

ABS News Service/16.07.2020

Ministry favours Scrapping Criminal Charges for Offences under Legal Metrology Act

ABS News Service/16.07.2020

India Records all time high Export of Coir and Coir Products

ABS News Service/16.07.2020

Exports, Imports Fall for 4th month in June, but Trade Turns Surplus after a Decade

ABS News Service/15.07.2020

Monthly Figure yet again Shows Drastic Arrest in the Decline of Exports as Business Activities Starts Across Major Economies of the Globe: Sharad Kumar Saraf, President, FIEO

FIEO Press Release dated 15.07.2020

No Sign of EU-India FTA Talks Resuming, New High-Level Trade Dialogue Established

ABS News Service/15.07.2020

Joint Statement of the 15th India-EU Summit (July 15, 2020)

MEA/New Delhi/July 15, 2020

EU-India Joint Declaration on Resource Efficiency and Circular Economy

ABS News Service/15.07.2020

India-EU Strategic Partnership: A Roadmap to 2025

ABS News Service/15.07.2020

US Calls for more IP Protection, Liberal Foreign Investment Norms, Policy Predictability at India-US CEO Forum

ABS News Service/15.07.2020

Union FPI Minister Highlights Champion Segments in Food Processing Sector for both Countries to Benefit Mutually

·   Smt. Harsimrat Kaur Badal addresses the Digital Indo- Italian Business Mission on Food Processing'; discusses the emerging trends and growth opportunities in the food processing sector

PIB Press Release dated 15.07.2020

Jio Ready with 5G Solution, Ropes in Google for Affordable Smartphone

ABS News Service/15.07.2020

Chinese E-commerce Firm Club Factory Finally Suspends India Operations; Puts Sellers’ Payments on Hold

ABS News Service/15.07.2020

Automobile Makers want GST Cut, Incentives-based Vehicle Scrappage Scheme

·         Passenger Vehicle Sales Fall to 20-Year Low in Q1

ABS News Service/15.07.2020

Low-cost Supercapacitor from Industrial Waste Cotton & Natural Seawater Electrolyte can help Energy Storage

ABS News Service/15.07.2020

Mandaviya Reviews the Development of India’s First Trans-shipment Hub - Vallarpadam Terminal of Cochin Port, Kerala

ABS News Service/15.07.2020

India-US CEO Forum 2020 Deliberates Current Issues, Piyush Inaugurates

ABS News Service/15.07.2020

CBIC Issues FAQ on Manufacture and other Operations in Customs Warehouse

CBIC Website

For strong, resilient and ‘’Aatma Nirabhar Bharat’’, trade bodies have an important role to play: Mr. Piyush Goyal

·    Commerce and Industry Minister addresses 184th AGM of Bombay Chamber of Commerce Industry

PIB Press Release dated 13.07.2020

Atmanirbhar Bharat’s First Boost to be made in China; 5 New Urea Plants to make India Self-Reliant

ABS News Service/14.07.2020

PM interacts with Google CEO Sundar Pichai

·    Google CEO appreciates PM’s leadership in the battle against the pandemic in India

·    Google CEO briefs PM on Google’s large investment plans in India

·    Technology has been of great benefit for farmers; immense potential of AI in agriculture: PM

·    Use of technology to expand the scope of online education and increasing access to technology in native language discussed

PIB Press Release dated 13.07.2020

Finance Minister Nirmala Sitharaman Reviews Pradhan Mantri Fasal Bima Yojana

·    Stresses the importance of carrying out awareness activities & need for States to release Premium Subsidy on time to ensure timely settlement of claims

PIB Press Release dated 13.07.2020

Finance Minister Reviews Implementation of Insurance Scheme for Health Workers Fighting COVID 19 Announced under PMGKP; Emphasizes the need for Speedy Settlement and Benefit Reaching Out to the Nominees at the earliest

PIB Press Release dated 13.07.2020

Road Ministry Advises States to not to insist upon Registration/Driving Licence for Road Building and Rehabilitation equipments and Heavy Earth Moving Machineries.

·    Heavy Road Making Machinery is not a Motor Vehicle, and is not covered under MV Act

PIB Press Release dated 13.07.2020

Income Tax Department Carries Out Search and Survey Operations in Rajasthan, Delhi and Mumbai

PIB Press Release dated 13.07.2020

NIA Suspects Terror Funding in Kerala Gold Smuggling Case

ABS News Service/14.07.2020

Iran Drops India from Chabahar Rail Project, Cites Funding Delay

ABS News Service/14.07.2020

U.S. Rejects China's Claims in South China Sea

ABS News Service/14.07.2020

Keeping Trade Open Amid COVID-19 crisis Central to Achieving SDGs and Economic Recovery, says WTO

ABS News Service/14.07.2020

Three Months Extension for Re import of Graded Diamonds to Get Post Covid Logjam

Min of Fin Press Release/ 12.07.2020

More Gold Seized at Kerala Airports following Controversial Smuggling Case

ABS News Service/13.07.2020

Boycott China Clamour Leaves Delhi Traders Mulling Options

ABS News Service/13.07.2020

China’s Central Bank Sells Stake in HDFC

ABS News Service/13.07.2020

China Out in Aatma Nirbhar Pact

MoF Press Release/12.07.2020

Cash Withdrawal from Banks

·    CBDT provides Utility to Ascertain TDS Applicability Rates on Cash Withdrawals

ABS News Service/13.07.2020

Taxman is Watching Your Cash Withdrawals from Banks

·    CBDT’s New Tool for Banks, Post Offices to Deduct Tax on Heavy Cash Withdrawals

ABS News Service/13.07.2020

MoRTH asks NIC to Ensure Capturing FASTag Details before New Vehicle Registration and while Issuing fitness Certificates for National Permit Vehicles

·    Besides facilitating smooth commutation/transit, the move to check Covid

·    NETC integration with VAHAN fully achieved

MoRTH Press Release/ 12.07.2020

Displaying Rule of Origin Mandatory for E-commerce Packaging

·   Compliance with Standards for Packaging and Labelling

MCA Notification No. WM-7(7)/2020 dated 03.07.2020

Bangladesh Gets Zero-Tariff on Exports to China

ABS News Service/11.07.2020

China Suspends Imports of Ecuador Shrimp on Coronavirus Risk

·   Exporter says Virus found only in Container Walls

ABS News Service/11.07.2020

Trump Says China Relationship "Severely Damaged," Rules Out Phase 2 of Trade Deal

ABS News Service/11.07.2020

Explained: How in Kerala Gold Smuggling Rackets, the Big Sharks always escape

ABS News Service/11.07.2020

WTO Debates Economy, Measures to Tackle Plastic Pollution

ABS News Service/11.07.2020

WTO, ICC and B20 Call for Action to Narrow the Growing Trade Finance Gap

ABS News Service/11.07.2020

At Over ₹1-lakh cr, Centre to Pay Stiff Interest on Recap Bonds

ABS News Service/11.07.2020

Draft Code on Wages (Central) Rules, 2020 Notified

·    Old Eight rules on Wages Combined in One

Ministry of Labour and Employment Notification dated 7 July 2020

Efficient Sivasankar in Gold Smuggling Case only for One Time Employment of Swapna through NIC

ABS News Service/10.07.2020

Kerala Gold Smuggling Case Shifted to NIA, No Expertise in Handling Gold which is a DRI Matter, Diplomat and UAE Govt in the Dock

ABS News Service/10.07.2020

No anticipatory Bail for Swapna Suresh

ABS News Service/10.07.2020

China Imports: India should Shun Knee-Jerk Reaction, says SBI Report

ABS News Service/10.07.2020

Modi, EU Leaders to discuss multilateralism, strategic partnerships at India-EU Summit

ABS News Service/10.07.2020

Gold Smuggling case Gets Murky, Alleged Smuggler Files Case in High Court

·   IAS Secy to CM Kerala Implicated

·   Big Fish in UAE are the Owners of the Gold, Swapna and Suresh are Small Fry

ABS News Service/09.07.2020

Display Country of Origin by August 1, Deadline Fixed for Ecommerce

ABS News Service/09.07.2020

China Delaying Clearance of Indian Seafood Consignments, Exporters Worried

ABS News Service/09.07.2020

Alcohol-based Hand-Sanitiser Makers under Scanner for Alleged GST Evasion

·   Misclassification of Products Hits Tax Revenue, says Govt source

ABS News Service/09.07.2020

Big Move! Flipkart, Amazon, E-commerce Players must Display 'Country of Origin' for Products, says DPIIT

ABS News Service/09.07.2020

Pradhan Mantri Garib Kalyan Anna Yojana – Allocation of Additional Foodgrain for further Five months from July to November, 2020

ABS News Service/09.07.2020

Cabinet Approves Central Sector Scheme of Financing Facility under 'Agriculture Infrastructure Fund'

ABS News Service/09.07.2020

Cabinet Approves Capital Infusion for the three Public Sector General Insurance Companies – Oriental Insurance Company Limited, National Insurance Company Limited and United India Insurance Company Limited

Press Release/08.07.2020

Spend Half of Annual Capital Expenditure Target by Q2 of Fiscal 2020-21, says Nirmala Sitharaman

ABS News Service/09.07.2020

Memorandum of Understanding (MoU) between CBDT and SEBI Signed for Data Exchange

ABS News Service/09.07.2020

World's E-Waste 'Unsustainable', Says UN Report Citing China, India, and US

ABS News Service/09.07.2020

United Kingdom Nominates Dr Liam Fox, Saud Arabia (Mr Mohammad Maziad Al-Tuwaijri) and Kenya (Ms Amina C. Mohamed) for WTO DG Race

ABS News Service/09.07.2020

Non WTO Compliant Port Barriers to Restrain “Cheap” Imports from China

·   India may Go beyond China to Cut Cheap Shipments

ABS News Service/09.07.2020

AIIMS Delhi Starts Tele-Consultation Guidance to State Doctors on COVID Clinical Management

·   To Strengthen Central Govt’s Efforts to Reduce COVID Mortality

·   10 Hospitals with more than 1000 Beds to participate in the First Session

·   Tele-Consultation Sessions Twice Every Week, on Tuesdays and Fridays

ABS News Service/09.07.2020

Covid-19 Antibody Test-It’s Advantage Private Labs

·   With No ICMR Norm, Laboratories are Charging Arbitrarily

ABS News Service/09.07.2020

Online Services Trade Challenges and Opportunities Amid COVID-19 Crisis Discussed at WTO

ABS News Service/07.07.2020

LDC Enhanced Integrated Framework issues 2019 Annual Report

ABS News Service/07.07.2020

Covid Effect: A Long Road to Normalcy for India Inc

ABS News Service/07.07.2020

Fighting Covid-19 with Pods and Robots

ABS News Service/07.07.2020

$12 bn worth Chinese Imports under Government Lens; Customs Duty may be Hiked

ABS News Service/06.07.2020

Relief on Chinese Goods Import to some Extent, 1 July Cases to be Covered Now

ABS News Service/06.07.2020

TV Manufacturer Complains on 100% Exam at Airports

ABS News Service/06.07.2020

Amazon, Google Face Tough Government E-Commerce Rules: Report

ABS News Service/06.07.2020

Complete Ban News on Import of Power Equipment from China Pushes up Share Prices of BHEL

ABS News Service/06.07.2020

Cache of Diplomatic Baggage in Trivandrum Yields 30 kg of Gold

ABS News Service/06.07.2020

Exporters want Flexibility in Fixing Rates under New RoDTEP Duty Refund Scheme

ABS News Service/06.07.2020

AatmaNirbhar (Self Reliance) App Launch in 2 Track Mode

·   Existing Apps are to be Promoted in Track 1 of App Innovation Challenge

·   The Track 2 of the Challenge Focuses on Development of New Apps

Press Release/04.07.2020

Covid-19 Hits 70% Start-Ups, FICCI-IAN Survey

ABS News Service/06.07.2020

June Merchandise Exports to Reach 88% Last year Figure, Commerce & Industry Minister Tells EEPC India New Chairman

ABS News Service/06.07.2020

World Bank and Govt of India Sign $750 mn Agreement for Emergency Response Programme for MSME

ABS News Service/06.07.2020

MSMEs Feel Heat Due to Delay in Clearance of Chinese Goods

ABS News Service/04.07.2020

Banning Power Equipment Imports from China, Pakistan, says Power Minister

ABS News Service/04.07.2020

Late Fee Capped at Rs. 500/- for each GSTR-3B Return

Min of Finance Press Release/03.07.2020

Minister Optimistic of Export Revival

·   Holds Meeting with Exporters to Discuss and Address their Issues

MoC&I Press Release/03.07.2020

Revised BIS Standards for Secondary Cells and Batteries for Nickel and Lithium Systems Notified

Revised Standards/02.07.2020

All Doctors Allowed to Prescribe Corona Tests

·   ICMR Guidelines Empowering Citizens for Testing SARS- Cov-2 Virus

Ministry of Health & Family Welfare Guidelines dated 01.07.2020

Customs Department gives Clearance to Cargo Imported from China

ABS News Service/03.07.2020

Clearance of Cargo as per Filing of Bills of Entry upto June 30 Irrespective of COO

Delhi Customs Brokers Association

Nitin Gadkari Asks Centre to Ensure Quick Release of Chinese Goods Stuck at Indian Ports

ABS News Service/03.07.2020

FedEx Joins DHL, Temporarily Suspends Chinese Import Shipments to India

ABS News Service/03.07.2020

India Customs Tightens Clearance Process for Chinese Imports

ABS News Service/03.07.2020

Chinese Imports Stalled at India’s Ports and Airports

The Straits Times

More than 2 Crore N95 Masks & more than 1 Crore PPEs distributed Free of Cost by Central Government to States

Press Release/03.07.2020

WTO Sets up Panel on Mobile Tariff Dispute on EU Request

·    Single Panel to Club Dispute Raised by Other Countries

·    13 Others including US, Japan, Taiwan and Pak Join as Third Country

ABS News Service/02.07.2020

CBDT Extends Tax Holiday to SEZ New Units by Sox months to 30 Sept, Industry Wants at least 31 March 2021

ABS News Service/02.07.2020

Minister Marks Third Anniversary of GST

ABS News Service/02.07.2020

Covid Tests Hits 1 cr Mark

ABS News Service/02.07.2020

Members Discuss Possible SPS Declaration for WTO’s 12th Ministerial Conference

ABS News Service/02.07.2020

Heads of WTO and Development Banks Voice Support for Trade Finance Amid COVID-19 crisis

ABS News Service/02.07.2020

New Portal for Udyam Registration (www.udyamregistration.gov.in) Launched by the MSME Ministry

·   New Process of MSME Registration Takes Off in the name of Udyam Registration from 1st July, 2020 as planned earlier

·   The Portal Guides the Entrepreneurs Step by Step as to what they should know, what they should do

·   Government has Organized a Full System of Facilitation for Registration Process

MSME Press Release/30.06.2020

Implementation of Amendments in the Indian Stamp Act, 1899 and Rules made from 1st July, 2020 for Rationalized Collection Mechanism of Stamp Duty across India with respect to Securities Market Instruments

ABS News Service/01.07.2020

Handicraft Exports may Fall 40% this Fiscal Due to Covid-19

ABS News Service/01.07.2020

Rs. 90,917crore gross GST Revenue Collected in the month of June

·   GST Revenue Collection for June, 2020

MoF Press Release/01.07.2020

Unregistered Pan Masala/Gutkha Manufacturing Unit in Delhi under GST Fire

MoF Press Release/01.07.2020

Domestic Flights may not See Immediate Rise

ABS News Service/30.06.2020

Sufficient Stock of Food Grains available with Food Corporation of India

·   FCI Procured total 388.34 LMT Wheat and 745.66 LMT Rice till June

·   Total 99,207 MT of Food Grains Distributed under AtmaNirbhar Bharat Package and 101.90 LMT Food Grains under PMGKAY to Beneficiaries

·   Most of the remaining States expected to implement One Nation One Ration Card scheme by December 2020

ABS News Service/30.06.2020

WTO Report on G20 Shows Moves to Facilitate Imports even as Trade Restrictions Remain Widespread

ABS News Service/30.06.2020

PM Addresses Nation and Announces Extension of Pradhan Mantri Garib Kalyan Anna Yojana

·   Scheme Extended till Deepawali & Chhath Puja, ie till the end of November: PM

·   5 kg Free Wheat/Rice to be provided to more than 80 crore people - to each Member of a Family - along with 1 kg free whole Chana per Family, per month

·   PM Credits Hardworking Farmers and Honest Taxpayers for Making the Scheme Possible

·   As the fight against Coronavirus Shifts to Unlock 2, PM Asks everyone to Follow Regulations with same Seriousness as during Lockdown

ABS News Service/30.06.2020

MHA Issues New Guidelines for Unlock 2

·   Unlock 2 Opens up more Activities Outside Containment Zones

·   Strict Enforcement of Lockdown in Containment Zones

MHA Press Release dated 29.06.2020

MHA DO Letter to Chief Secretaries and Administrators on Unlock.2

Home Secretary Letter dated 29.06.2020

Centre Bans 59 Chinese Apps, including TikTok

PIB Press Release dated 29.06.2020

Covid 19 Puts Brakes on Automobile, Auto Parts Exports in May, says EEPC

ABS News Service/29.06.2020

Home Ministry Slashes Treatment Costs by almost two-thirds in Delhi as Recommended by Committee Headed by NITI Aayog

·    Union Home Minister, Amit Shah said “The entire nation rallies behind Prime Minister in the fight against Corona”

·    Delhi has not reached community transmission stage, situation far better today in Delhi compared to June beginning, public need not to panic

·    Testing scaled by four times and beds availability to touch almost 30,000 by 30th June from 9,500 on 14th June

·    We have provided Delhi with 10,000 Pulse Oxymeters, 440 Ventilators and 500 Oxygen cylinders and directed more Ambulances for Delhi

·    Common strategy soon for tackling Corona crisis in Delhi NCR

ABS News Service/29.06.2020

Ministry of MSME Shows the Way to make MSMEs Break their Barriers and become Champions

·    New Classification Raises the Investment Limits and adds turnover as another criteria: this raises the hopes and aspirations of millions of MSMEs

·    Eases the Entry Rules beyond Comprehension; No Papers required for Registering an MSME called Udyam now Onwards

·    Effective Mechanism for Facilitation Set up Right from Registration Level

[MSME Press Release/ 26.06.2020]

Exclusion of Export Turnover from MSME Definition to be notified in 2-3 days, says Nitin Gadkari

ABS News Service/27.06.2020

Tackling Challenges Facing MSMEs is Critically Important, says DG Azevędo

ABS News Service/27.06.2020

WTO, UNCTAD, ITC Chiefs Announce Rollout of Revamped Trade Data Tool for Small Businesses

ABS News Service/27.06.2020

President Promulgates Banking Regulation (Amendment) Ordinance, 2020

·    Amendments to Ensure better Management & Sound Regulation of Cooperative Banks

·    Facilitates making of Reconstruction/Amalgamation Scheme in the Interest of Public/Depositors/Banking/Proper Banking Company Management

ABS News Service/27.06.2020

Health Ministry Issues Updated Clinical Management Protocol for Managing COVID-19 cases

·    Updated Protocol includes use Dexamethasone as an Alternative to Methylprednisolone for Managing Moderate to Severe Cases

ABS News Service/27.06.2020

Center Bolsters Efforts for COVID Management in Delhi

·    Diagnostic Material for 4.7 lakh RT-PCR Tests, and 50,000 Rapid Antigen Test Kits supplied Free of Cost to Delhi Govt by ICMR

·    “Sardar Patel Covid Care Centre” at Chhattarpur, a 2000-bedded facility, to be operated by Medical and other Personnel of Central Armed Police Forces

ABS News Service/27.06.2020

WTO Members Underline Importance of Facilitating Safe Agri-Food Trade in Times of Crisis

ABS News Service/27.06.2020

Fisheries Subsidies Negotiations Chair Introduces Draft Consolidated Text to WTO Members

ABS News Service/27.06.2020

Battery Swapping Facility Quick Interchange Service inaugurated in Chandigarh

·    We must leverage technology to scale up electric mobility in the country, says Dharmendra Pradhan

ABS News Service/27.06.2020

India Prepares for a Change in Electricity Sector through Proposed Electricity (Amendment) Bill 2020

ABS News Service/26.06.2020

Chennai Customs to Check Chinese Cargo based on ‘Specific Intelligence’

·   Detained Goods to Suffer Demurrage from 27 June after Expiry of Three Day Free Period

ABS News Service/26.06.2020

Pile-up of Chinese Goods at Indian Ports - Exporters Fear Retaliation

ABS News Service/26.06.2020

India Holds up Chinese Imports after Deadly Border Clash

ABS News Service/25.06.2020

Made-in-China Labels soon on Products Sold by E-tailers?

ABS News Service/25.06.2020

MSME Shishu Loan Scheme Recast - 2% subsidy for 12 month Offered

ABS News Service/25.06.2020

Rs. 20,000 crore of Guarantee Cover to two lakh MSMEs

·    Refinance for NPA MSMEs

ABS News Service/25.06.2020

Rs 15000 crore Animal Husbandry Infrastructure Development Fund Set-up

·    Additional Investment for further Development of Shwe Oil & Gas Project in Myanmar Approved – will Assist Strengthening of Energy Bridges with Neighbours

ABS News Service/25.06.2020

Cabinet Approves Establishment of Animal Husbandry Infrastructure Development Fund

ABS News Service/25.06.2020

Mandaviya Calls for Exploring the Possibility of Recycling of Dredging Material

ABS News Service/25.06.2020

Private Sector Participation in Space Activities Approved

ABS News Service/25.06.2020

IMF Scales Down Growth Projection, says Indian Economy will Contract by 4.5% this Fiscal

·    Expects a Bounce-back in FY 2021-22, Still Lowers Forecast

ABS News Service/25.06.2020

Korea Nominates Ms Yoo Myung-hee for Post of WTO DG

ABS News Service/25.06.2020

COVID-19 Farm Support Packages and Export-Restrictive Measures under Scrutiny at WTO

ABS News Service/25.06.2020

MEA Issues 1.22 crs Passports in 2019

ABS News Service/25.06.2020

Extension of various Time Limits under Direct Tax & Benami Laws

MoF Press Release/24.06.2020

Income Return Filing AY 2018-19 Extended to 31 July 2020, AY 2019-20 to Nov 2020

CBDT Notification dated 24.06.2020

E-Pass Non Issue Hinders Goods Movement in Chennai Customs

Circular dated 20.06.2020

Chaos in Ports as Customs Stops all Consignments from China for “Examination”

·   Importers Advised to Shift Boxes to Bonded Warehouse under Sec.49 of CA 1962 to Avoid Demurrage

ABS News Service/24.06.2020

CBIC Enables End to End Paperless Exports under Turant Customs

PIB Press Release dated 23rd June 2020

Government Declares Minimum Support Price for Mature Dehusked Coconut

·   More than 5 percent increase for the season 2020 to benefit millions of farmers

·   Central Government has given utmost importance to the interests of farmers growing all kinds of crops – Union Agriculture & Farmers’ Welfare Minister Shri Narendra Singh Tomar

ABS News Service/24.06.2020

Commerce and Industry Minister Piyush Goyal Meets Service Exporters

·   Exhorts them to Develop Competitive Advantage, Focus on Quality, and Explore New Destinations and Services

·   Calls the Services Sector to Reduce Import Dependence, and give Opportunity to Large and Varied Skilled Workforce within the Country

MoC&I Press Release/23.06.2020

Pharma Exports up 19% in May

·   Growth likely to Sustain on Demand for Covid-19 Drugs

ABS News Service/24.06.2020

Government Schemes for MSMEs & NBFCs Creating Significant Impact - Sanctions under Emergency Credit Line Guarantee Scheme (ECLGS) Cross Rs. 79,000 crore

ABS News Service/24.06.2020

India Seeks 50% Reduction in Pakistan High Commission Strength

ABS News Service/24.06.2020

Pick-up in Discretionary Spending unlikely as long as Covid Uncertainty Persists, says CEA

·   Cash Transfers won’t help as Money will be Used only to Purchase Essential Items

ABS News Service/24.06.2020

Statement issued by the Ministry of Ayush on Claims of Patanjali Ayurved regarding Treatment of COVID-19

PIB Press Release dated 23rd June 2020

Trump Move on Non-immigrant Visas may not Hit Indian IT Firms Hard

ABS News Service/24.06.2020

Suggestions Invited for Amending Motor Vehicle Rules to Defer BS-IV Emission Norms for Construction Equipment Vehicles, Tractors and Harvestors

PIB Press Release dated 23rd June 2020

Trade Falls Steeply in First Half of 2020

WTO Press Release dated 23rd June 2020

100 percent Examination of All Consignments of China Origin Goods

·   Port Clearance of China Origin Goods Arrested

ABS News Service/23.06.2020

Govt Mulls Stricter Curbs Amid India-China Faceoff

ABS News Service/23.06.2020

Information about Country of Origin by the Sellers made Mandatory on GeM to promote Make in India and Aatmanirbhar Bharat

MoC&I Press Release/23.06.2020

Kerala becomes the First State to Adopt Second Level Verification for New GST Registrations

ABS News Service/23.06.2020

New Opportunities Opening Up in Food Processing Sector

·   6 States and over 180 Investors participate in Webinar Chaired by Union FPI Minister

ABS News Service/23.06.2020

ITC cannot be Availed on GST Paid for Hiring Vehicles for Employee Transportation

ABS News Service/22.06.2020

Apparel Export Body Seeks Lifting of Export Ban on PPE Kits as Production Hits 8 lakh Units per Day

ABS News Service/22.06.2020

China Loses WTO Dispute to EU Over Market-Economy Status, may be Slapped with High Anti-Dumping Tariffs

ABS News Service/22.06.2020

“Chasing the Virus” in Dharavi, and Ensuring a Steep Decline of Daily Cases from an Average 43 in May to 19 in Third Week of June

PIB Press Release dated 21st June 2020

Fresh Demarcation of Containment Zones, Strict Monitoring and Control of Activities in these Zones

·      Union Home Minister Amit Shah chaired a high level meeting where report of Dr. V.K. Paul Committee on containment strategy of COVID-19 in Delhi was presented

·      Contact Tracing and Quarantining of Contacts of all infected persons, with the use of Aarogya Setu and Itihas App

·      Listing and monitoring of each household even outside containment zones, which will help in getting comprehensive information about Delhi

·      Serological survey to be conducted in all of Delhi from 27.06.2020 to 10.07.2020 involving sample testing of  20,000 persons

PIB Press Release dated 21st June 2020

India against Easing Farm Export Tariffs Amid Covid

ABS News Service/22.06.2020

The Number of Covid Recoveries Exceeds Active Cases by more than 50,000

·      Recovery Rate Improves to 55.49%

PIB Press Release dated 21st June 2020

Supreme Court Stays Delhi HC Judgment Directing Dept to Open GST TRAN-1 Till 30th June 2020

ABS News Service/20.06.2020

ITAT wants Larger Bench to Review Centre’s Decision on Granting Stay in Tax Disputes

ABS News Service/20.06.2020

MoRTH Invites Suggestions from Stakeholders including for Amending Motor Vehicle Rules for Facilitating MOUs with Neighbouring Countries Involving Movement of Passenger or Goods Vehicles

Press Release/20.06.2020

India - AIIB Sign an Agreement for $750 mn for COVID-19 Support for India

Press Release/19.06.2020

PM Modi Launches Garib Kalyan Rojgar Abhiyaan

·   Prime Minister Narendra Modi launches Garib Kalyan Rojgar Abhiyaan on 20th June 2020 to boost employment and livelihood opportunities for migrant workers returning to villages, in the wake of COVID-19 outbreak

·   Abhiyaan focuses on durable rural infrastructure and providing modern facilities like internet in the villages : Prime Minister

·   Skill Mapping of the rural migrant labour being done to help them work closer home : PM

·   Rs 50,000 Crore worth project to be implemented in a mission mode campaign in 125 days in 116 Districts of 6 States

ABS News Service/20.06.2020

Prime Minister Garib Kalyan Package-Progress So Far

·   More than 42 crore poor people received financial assistance of Rs 65,454 crore under the Pradhan Mantri Garib Kalyan Package

Press Release/20.06.2020

PM Holds All Party Meeting to Discuss Situation in India-China Border Areas

·   20 of our Brave Soldiers made the Supreme Sacrifice in Ladakh but also Taught a Lesson to those who dared to look towards our Motherland: PM

·   Neither is anyone inside our territory nor is any of our post captured: PM

·   India wants peace and friendship, but upholding sovereignty is foremost: PM

·   Armed forces have been given a free hand to take all necessary steps: PM

·   Govt has given primacy to development of border area infrastructure to make our borders more secure: PM

·   All necessary steps for national security and construction of infrastructure will continue at a fast pace: PM

·   Leaders of political parties express commitment to stand united with the government and repose faith in the leadership of PM

ABS News Service/20.06.2020

Government Closely Monitoring Transmission of Repo Rate Cut by the Banking Sector and Recognise Efforts of Wealth Creators in Scripting India’s Growth Story - Finance Minister in a Virtual Meeting with PHD Chamber

ABS News Service/20.06.2020

11% of India’s Medical Devices Imports are from China

ABS News Service/20.06.2020

COVID-19 Updates

Centre Writes to States to Follow the Guidelines for Effective Home Isolation

ABS News Service/20.06.2020

Charges for Isolation Beds in Private Hospitals for COVID Patients Slashed to about One-Third

·   From health surveys to testing and cap on in-patient private hospital costs, COVID-19 management in Delhi streamlined on directions of the Union Home Minister Shri Amit Shah

·   House-to-house health survey in 242 containment zones of Delhi completed; a total of 2.3 lakh people surveyed

·   Cheaper and faster Rapid Antigen testing started; a total of 7,040 people tested in 193 testing Centres; Testing to be ramped up in coming days

ABS News Service/20.06.2020

Centre Lauds Karnataka’s IT-based Model of Comprehensive Contact Tracing and House-to-House Survey

Press Release/19.06.2020

Domestic Production Capacity HCQ Tablets Increases three Fold from 10 Crore Tablets (Approx) per month to 30 Crore (Approx) Tablets per month

·   After providing for Enough/Surplus Stocks For Domestic Market, Ban on Export of HCQ Lifted

·   Inter-ministerial High-Level Empowered Committee reviews the situation regularly on Fortnightly basis

ABS News Service/20.06.2020

Harsimrat Kaur Badal Holds Video Conferences with Promoters of Agro-Processing Clusters

·   36 Projects Reviewed under Agro-processing Cluster Scheme

·   Monthly Virtual Inspections of Projects Carried Out

ABS News Service/20.06.2020

BIS SMART Registration – Discontinuation of Offline Test Reports

BIS, HQ - Registration Department

India Plans Extra Tariffs, Trade Barriers on 300 Imported Products– Sources

ABS News Service/19.06.2020

India Set to Re-enter UN Security Council

India’s candidature for 2021-22 for the lone seat from Asia Pacific had been unanimously endorsed by 55 members of the group last June.

ABS News Service/19.06.2020

India will be UN Security Council President for August, 2021

ABS News Service/19.06.2020

India’s Vision after Entry to UNSC

ABS News Service/19.06.2020

Finmin Seeks Expenditure Proposals for First Supplementary Demands

ABS News Service/19.06.2020

DoT Decides to Withdraw 96% of AGR Dues Demanded from PSUs

ABS News Service/19.06.2020

Used-Cars Segment Sees Renewed Buyer Interest

ABS News Service/19.06.2020

Fisheries Subsidies Work Resumes in Geneva as COVID-19 Restrictions Ease

ABS News Service/19.06.2020

Insurance Regulator Mulls including Covid-19 Home Treatment Costs under Health Cover

ABS News Service/19.06.2020

Advisory for Managing Health Care Workers Working in COVID and Non-COVID Areas of the Hospital

MoH&FW (EMR Division)/18.06.2020

India China Confrontation on the Border, Commanding Officer among 20 Die in Fight without Arms

ABS News Service/18.06.2020

Oppo Cancels Live Online Phone Launch in India Amid Calls to Boycott Chinese Goods

ABS News Service/18.06.2020

Gem, Jewellery Exports Plunge 82% as Covid takes Heavy Toll

ABS News Service/18.06.2020

No Merit in ‘Charging Interest on Interest’ for Deferred Payments during Moratorium, Supreme Court

ABS News Service/18.06.2020

Scheme for Relaxation of Time for Filing Forms related to Creation or Modification of Charges under the Companies Act, 2013

Ministry of Corporate Affairs General circular No. 23/2020 dated 17.06.2020

PM Holds Interaction with CMs to Discuss Situation Emerging Post Unlock 1.0

·   We must focus on both life and livelihood; boost health infrastructure, testing and tracing as well as increase economic activity: PM

·   We have tried to save each and every life; recovery rate in the country is now over 50%: PM

·   India is amongst the countries with least deaths due to coronavirus: PM

·   For the safety of self, family and community, no one should even think about venturing outside house without mask or face cover: PM

·   Due to recent efforts, several green shoots in economy now visible, which are encouraging us to forge ahead: PM

·   CMs provide feedback about ground situation in the states, give account of existing health infrastructure and steps taken for augmentation

ABS News Service/17.06.2020

PM sees Green Shoots in the Economy

ABS News Service/17.06.2020

Dharmendra Pradhan Stresses on Enhancing Domestic Steel Usage and Reducing Import Dependence for Meeting Oil & Gas Sector’s Steel Requirements

ABS News Service/17.06.2020

‘Jet Fuel Price Hike may not Impact Airlines Much’

ABS News Service/17.06.2020

Cooperation at the WTO would help the Global Economy Recover from COVID-19

ABS News Service/17.06.2020

Moldova Nominates Tudor Ulianovschi for Post of WTO DG

ABS News Service/17.06.2020

India May Exports Fall 36.47% to $19.05 bn, Trade Deficit Down to $3.15 bn

MoC&I Press Release dated 15th June 2020

May Figure Shows Drastic Arrest in Fall of Exports Due to Start of Businesses and Order Enquiries from US and EU, says FIEO President

ABS News Service/16.06.2020

CBIC Launches e-Office in all CGST and Customs Offices

ABS News Service/15.06.2020

India Joins Global Partnership on Artificial Intelligence (GPAI) in OECD Frame as a Founding Member

ABS News Service/15.06.2020

TN, Punjab likely to Get Additional Sum from Accumulated IGST of 2017-18

ABS News Service/15.06.2020

Union Home Minister Asks Delhi Government, all three Mayors and MCDs to Work Together

ABS News Service/15.06.2020

MoHA Clarification on Movement of Persons and Vehicles Plying on Highways between 9 PM and 5 AM

D.O. No. 40-10/2020-DM-I(A) dated 12th June, 2020

Nirmala says GST Collections only 45K crores per month in April and May

ABS News Service/13.06.2020

WTO Members Commend Efforts to Monitor Governments’ Trade Measures during COVID-19 Crisis

ABS News Service/13.06.2020

GST Council gives Little Relief to Tax Payers

·    Dismal Revenue Performance and Bleak Outlook

ABS News Service/12.06.2020

Enhanced Import Duty on Bamboo Sticks to give a Big Boost to Agarbatti and Bamboo Industries in India: KVIC

ABS News Service/12.06.2020

Government Issues Advisory to Streamline the Process for Import and Possession of Exotic Live Species in India

ABS News Service/12.06.2020

Shipping Ministry Approves Revised Cost Estimates to Augment Ship Repair Facilities in Andaman & Nicobar Islands

ABS News Service/12.06.2020

ILO Probes CTUs’ Complaint on Unfair Labour Laws

ABS News Service/12.06.2020

GDP Growth may Dip this year, says CEA

ABS News Service/12.06.2020

Special High Power Committee for FDI Clearances under Cabinet Secretary Notified

·    Indian Champions to be Promoted for Eight Sectors including Mobile and Electronics

DPIIT Order dated 10 June 2020

Department of Revenue to Provide Budget Support for ROSL after 7.3.2019 to Clear Back log

·    Cut-off Date Revised to 7.3.2019 from 1.4.2019

Ministry of Textiles Notification dated 9 June 2020

Nokia SEZ Size Cut by 4.774 hectares to Release area from Notification

MoC Notification/08.06.2020

LDCs Demand Medical Supplies for Covid-19

ABS News Service/11.06.2020

India’s economic growth profile will be ‘W’ shaped if the virus outbreak recurs: OECD India economist

ABS News Service/11.06.2020

QCI Celebrates the World Accreditation Day 2020

·    Role of credible, competent accreditation for improving food safety highlighted

ABS News Service/11.06.2020

Singapore, China Emerge as the only Positions for Engineering Goods Exports, says EEPC

·    Massive Contraction of Demand in US, EU, SAARC, UAE Seen

ABS News Service/10.06.2020

COVID Emergency Credit Facility Covers All Companies and not Just MSMEs, says Finance Minister

MoF Press Release/08.06.2020

Govt may Consider Extending Deadline for Availing 15% Corporate Tax Rate Benefit

ABS News Service/09.06.2020

India on the Mat on Six Quality Based Non-Tariff Barriers at WTO

ABS News Service/09.06.2020

Mexico Nominates Mr Jesús Seade Kuri for Post of WTO Director-General

ABS News Service/09.06.2020

SMS Returns Accepted for Nil Return under GSTR-3B from 8 June 2020

Ministry of Finance Press Release 8th June 2020

Revision of Public Procurement (Preference to Make in India), Order 2017

DPIIT Order dated 4 June 2020

Use of Digital Copy of Bill of Lading for Movement of Goods by Ships/Other Carrier

Indian Bank’s Association (IBA) Communication dated 5 June 2020

GST Council to Meet on June 12

GST Refrains from Revealing the Dismal Collections Figures for April and May (Believed to be one fifth the Normal 1 lakh cr per month)

ABS News Service/06.06.2020

Ordinance to Exclude Food Stuffs from ECA Issued with many “ifs and buts” to bring them back under Extra Ordinary Situations

Ministry of Law and Justice Ordinance dated 05.06.2020

What is the Essential Commodities Act, and how will amending it help?

ABS News Service/06.06.2020

Two Ordinances to “Boost to Rural India and Agriculture” Issued

PIB Press Release dated 05.06.2020

IBC Ordinance to Stop Insolvency Proceedings for Post March 25 Defaults Promulgated

IndiaLegal

Two Judgments on Transitional Credit

ABS News Service/06.06.2020

Clarification on Notification No. 26/2020-Cus dated 02.06.2020 regarding Basic Customs Duty on Imports of Lentils (Masur)

FinMin Press Release dated 4th June 2020

Centre Releases ₹36,400 crore as GST Compensation to States

ABS News Service/05.06.2020

Implementation of Paperless Process for Grant of Industrial Entrepreneur Memorandum (IEM)

ABS News Service/05.06.2020

Production Linked Incentive Scheme for Promotion of Domestic Manufacturing of Critical Key Starting Materials, Drug Intermediates and Active Pharmaceutical Ingredients

Department of Pharmaceuticals Notification dated 2 June 2020

Schemes for Promoting API Manufacturing in India

Department of Pharmaceuticals Notification dated 2 June 2020

Pak PM Aide Tells Exporters to Ship PPE

ABS News Service/05.06.2020

Motor Vehicle Rules Amendments Re-invited on Registration of New Vehicles, Driving Licences, and Recall of Old Vehicles

ABS News Service/04.06.2020

WTO Report Examines Impact of COVID-19 Pandemic on Small Businesses

ABS News Service/04.06.2020

India-Australia in Virtual Summits on 4 June

·    CEPA in Trade, RCEP to be discussed

·    Major Topics Health, Education, Defence

·    Many Pacts including Mutual Logistics Support Agreement to be signed

ABS News Service/04.06.2020

Disruptions in the Commercial Vehicle Market may Drive Truck Sales in the Post-lockdown Period: Survey

ABS News Service/04.06.2020

New Window for FDI Approval under Cab Sec

·   Government approves setting up of an “Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs)” in Ministries/ Departments for attracting investments in India

·   Proposal for Enhancing Investments in India

·   This will make India a more investor-friendly destination and to handhold and further smoothen investment inflows into the country. It will give a fillip to our domestic industries

·   EGoS and PDC is an important step in realising Prime Minister Narendra Modi’s vision of a $5 trillion economy

·   Will bring about synergies between Ministries/Departments and among the Central and State Governments in investment and related incentive policies

·   To give a boost to the economy and open up immense direct and indirect employment potential in various sectors

ABS News Service/03.06.2020

Cabinet Approves Two New Ordinances

·   Agri Trade

·   Another Ordinance to Amend Essential Commodities Act also Released

ABS News Service/03.06.2020

Foreigners Allowed to Enter India on Business Visa Issued by Indian Embassy – Four Categories Listed

ABS News Service/03.06.2020

DCGI Approves Remdesivir for Restricted Emergency Use for Covid-19 Treatment

ABS News Service/03.06.2020

Dharmendra Pradhan Holds Meeting with Steel Fabricators

·   Discusses Roadmap for Developing Steel Fabrication Cluster around Bhilai Steel Plant

ABS News Service/03.06.2020

Piyush Goyal Asks NPC to Leverage its Strengths for Expansion of its Advisory & Capacity Building Services

·   Online Review Meeting of National Productivity Council Held

ABS News Service/03.06.2020

Kolkata Port Trust Renamed as Syama Prasad Mookerjee Port

ABS News Service/03.06.2020

Guidelines for Implementation of Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme

File No. W-45/03/2020-IPHW-MeitY dated 01.06.2020

Guidelines for the Operation of Production Linked Incentive Scheme (PLI) for Large Scale Electronic Manufacturing

File No. W-28/1/2019-IPHW-MeitY dated 01.06.2020

Appraisal and Disbursement Guidelines for Effective Functioning of the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)

File No. W-18/30/2019-IPHW-MeitY dated 31.05.2020

Minister Releases Guidelines and Application Process for Production and Investment Linked Incentives for Electronics Industry

PIB Press Release dated 02.06.2020

New Science, Technology, and Innovation Policy (STIP) consultation Initiated

ABS News Service/02.06.2020

Five Tips on How to Live with Novel Coronavirus

ABS News Service/02.06.2020

Issue of GST Late Fee for the Past Period (August 2017 to January 2020) to be Discussed in the Next GST Council Meeting

ABS News Service/02.06.2020

Chemicals and Petrochemicals Prescribes Minimum 60%, 70% and 80 percent Local Contents for 2020-21, 2021-23 and 2023-25  in Public Procurement

ABS News Service/02.06.2020

Kisan Credit Cards (KCC) campaign launched for 1.5 crore dairy farmers

·   Special drive part of Prime Minister’s Atma Nirbhar Bharat package for Farmers

PIB Press Release dated 01.06.2020

Cabinet Approves Upward Revision of MSME Definition and Modalities

·   Road Map for Implementing Remaining Two Packages for MSMEs

(a) Rs 20k crore package for Distressed MSMEs

(b) Rs 50k crore equity infusion through Fund of Funds

·   Fully Paved Way for Energising the MSME Sector through Entire Gamut of 'Atmanirbhar Bharat Package'

Cabinet Committee on Economic Affairs (CCEA) Press Release dated 01 June 2020

PM Chairs First Cabinet Meeting of Second Year in Office

·   Historic Decisions for MSME Sector, Street Vendors and Farmers Taken

·   MSME Definition Revised for the First Time after 14 years

·   Definition of Medium Units Enhanced further to Rs 50 crore Investment and Rs 250 crore Turnover

·   Special Micro Credit Facility Scheme 'PM SVANidhi' for providing Affordable Loans to Street Vendors Launched

·   For Kharif season 2020-21, Government Keeps Its Promise of Fixing MSP at a Level of at Least 1.5 times of the Cost of Production

·   Repayment Dates for Short-term Loans for Agriculture and Allied Activities Extended; Farmers to also Get Benefit of Interest Subvention and Prompt Repayment Incentive

·   Caring for the Poor is the Top Focus of the Government

Cabinet Secretariat Press Release dated 1st June 2020

MSME Turnover Limit Enhanced; Support Price for Paddy Hiked

ABS News Service/02.06.2020

PM Modi Launches CHAMPIONS, Technology Platform to Empower MSMEs

Prime Minister’s Office Press Release dated 1st June 2020

Steel and Steel Products (Quality Control) Order 2020

·    BIS Steel Standards for another 111+2 Items

·    Implementation period for Half the Items Vary from 3 Months to 9 Months

Ministry of Steel Order S.O. 1673(E) dated 27 May 2020

Unlock 1 New Guidelines 1st June 2020

·   Strict Enforcement of Lockdown in Containment Zones, which are to be Demarcated by State/ UT Governments based on Health Ministry Guidelines

·   Phased Re-opening of All Activities Outside Containment Zones; Unlock 1 to have an Economic Focus

·   Night Curfew to Remain in Force on Movement of Individuals for All Non-essential Activities from 9 pm to 5 am

MHA Press Release/30.05.2020

Lifting of Curbs on Movement of Goods, Persons to Help Exporters Recover Business, says EEPC Chairman

ABS News Service/01.06.2020

IT Minister Launches National Artificial Intelligence (AI) Portal of India- www.ai.gov.in

·   Inaugurate Intel India’s Initiative to Promote AI among School Students

PIB Press Release dated 30th May 2020

Medical Device Industry to Get over ₹3,000 crore Boost

·   Financial Incentives on Anvil to Boost Local Manufacturing of Medical Devices over Five Years

ABS News Service/01.06.2020

GSTN Enables Registration Functionality for Companies under Insolvency and Bankruptcy Code (IBC)

PIB Press Release dated 31st May 2020

Grievance Cell of MoFPI Resolves 581 out of 585 Issues Received from Industry Amid Covid-19 Situation

·   Smt. Harsimrat Kaur Badal holds regular Video Conferences with Food Processing Industry Stakeholders to Assess Situation at Ground Level

PIB Press Release dated 30th May 2020

Food Movement and Regulatory Reform Big Achievement, says Minister

PIB Press Release dated 30th May 2020

The Centre Asks for and Gets 'One Tight Slap' from ILO

ABS News Service/01.06.2020

Production Linked Incentive Scheme for Promoting Domestic Manufacturing of Medical Devices

1.    Background

2.    Objective

3.    Quantum of Incentive

4.    Target Segments

5.    Eligibility

6.    Tenure of the Scheme

7.    Base Year

8.    Incentive Outlay

9.    Incentive per company

10.  Basis of Computation

11.  Approval and Disbursement Process

12.  Nodal Agency

13.  Empowered Committee (EC)

14.  Annexure A: Target Segments of Medical Devices Eligible under PLI

15.   Annexure B: Eligibility Threshold Criteria

Ministry of Chemicals and Fertilizers, Department of Pharmaceuticals Notification dated 28 May 2020

Amendments in Income Tax Rules, 1962

CBDT Notification dated 28 May 2020

Nominations for New WTO DG Invited from 8 June Onwards for One Month

ABS News Service/30.05.2020

WTO Report Looks at Impact of COVID-19 Pandemic on Services Trade

ABS News Service/30.05.2020

Meeting of BRICS Heads of Tax Authorities held on May 29, 2020 – Held through VC

PIB Press Release dated 29th May 2020

MeitY Calls for Proposal to conduct ICT Grand Challenge under National Policy on Software Products (NPSP)

Ministry of Electronic & Information Technology

India and EU Hold Talks on Pandemic, Upcoming Summit

ABS News Service/29.05.2020

WTO Members Highlight COVID-19’s Impact on Agriculture Negotiations

ABS News Service/29.05.2020

CBDT Notifies Minimum Fee for India based Fund Managers Managing Offshore Funds

ABS News Service/29.05.2020

CIEPT Centres at Murthal, Jaipur, Madurai and Lucknow have Developed Face Shield as a Protective Equipment to Fight against 'Coronavirus'

Press Release/27.05.2020

Commerce and Industry Minister Piyush Goyal Holds Meeting with the Industry and Trade Associations

·    Goyal says that Aatamnirbhar Bharat Implies a Confident, Self-reliant and Caring Nation, and not an Inward-Looking One

PIB Press Release dated 27.05.2020

Marcos Troyjo Takes Over New Development Bank (BRICS Bank) from Kamath

·    Anil Kishora is VP and CRO

ABS News Service/28.05.2020

Locust Swarms Sweeping in the Affected States of Rajasthan, Punjab, Gujarat and Madhya Pradesh

·    200 Locust Circle Offices and Temporary Camps Conducting Survey & Control Operations

·    Union Agriculture Minister Approves Procurement of Additional 60 Sprayers from UK, Drones to be Deployed Soon

PIB Press Release dated 27.05.2020

SBI says GDP to Fall 40% in April-June 2020 Quarter

ABS News Service/27.05.2020

FSSAI Extends Display of "Date of Manufacturing" and "Best before Date" on Non Packed Sweets to 1 Aug 2020 from 1 June 2020

FSSAI Order dated 21.05.2020

Economy Set to Fall Off a Cliff

ABS News Service/27.05.2020

NPPA Claims N-95 Mask Prices have Fallen by 47% after its Threats of Action under ECA

Press Note dated 25 May 2020

Chair of Agriculture Negotiations Announces he will Step Down on 30 June

ABS News Service/26.05.2020

ILO Expresses Deep Concern at ‘Suspension’ of Labour Laws in India

ABS News Service/26.05.2020

SOP for Foreign Travel also Issued

·   Only 7 days Institutional Quarantine for Arrivals

·   Non Scheduled Aircraft bringing back Stranded Indians can take Passengers to Source Countries on Return Leg

MHA Press Release dated 24th May 2020

Revised Advisory on the Use of Hydroxychloroquine (HCQ) as Prophylaxis for COVID-19 Infection

ABS News Service/25.05.2020

Emission Norms for L7 (Quadricycle) Category for BS VI Notified

PIB Press Release dated 24th May 2020

Notification for extension of validity of fee payment and extension of time period for paying fees as mandated under rule 32 and 81 of Central Motor Vehicle Rules 1989

PIB Press Release dated 24th May 2020

OCI Ban on Entry Lifted, Allowed to Enter India from Family Reasons

·   MHA Relaxes Visa and Travel Restrictions Imposed in response to COVID -19, Permitting certain Categories of OCI Cardholders Stranded Abroad, to Come Back to India

MHA Press Release dated 22 May 2020

Food and Immunity: Correlation to Combat against COVID-19

PIB Press Release dated 23rd May 2020

EEPC Chairman Calls for Cost Subsidies to Face “Existential Crisis” for Exporters

ABS News Service/22.05.2020

Violations of MHA Guidelines being reported at various places across the country

·    States/UTs must strictly implement all measures to contain COVID19; Local authorities must take all necessary steps to enforce the guidelines: MHA

MHA Press Release dated 21st May 2020

Textiles Committee Sets up Accredited PPE Testing Facility in Mumbai

PIB Press Release dated 21st May 2020

IMD Forecasts Saved Many Lives, 7 lakhs in WB and Orissa Evacuated in Time

PIB Press Release dated 21st May 2020

Local to Global: Khadi Cotton and Silk with Double Twisted Yarn Masks to Hit Foreign Markets

PIB Press Release dated 21st May 2020

Linking Borrowings with Reforms will Help States

ABS News Service/22.05.2020

No Change in Safe Harbour Rules in Income Tax for Fixed Transfer Price for AY 2020-21

·    The Central Board of Direct Taxes (CBDT) Notified Changes in Safe Harbour Rules (SHR)

ABS News Service/22.05.2020

Government Caps Minimum and Maximum Domestic Air Fares till August 24

ABS News Service/22.05.2020

Economic Viability is Crucial for Higher Educational Institutions- Nitin Gadkari

·    Vehicle Scrappage Policy will give a Major Push to Automobile Manufacturing Industry in the Country- Gadkari

PIB Press Release dated 21st May 2020

America could Shirk Its Debts to China

ABS News Service/22.05.2020

WTO Establishes Nomination Window for DG Selection

·    One Month Window from 8 June Set for Nominations to WTO DG

·    Current DG Azevędo to Step Down Aug End

ABS News Service/21.05.2020

Senate Passes Bill to Delist Chinese Companies like Alibaba and Baidu from Exchanges

ABS News Service/21.05.2020

Ministry of Steel Invites Comments from Stakeholders on the Draft Steel and Steel Products (Quality Control) Order 2020 for 30 Additional Steel Products

Ministry of Steel Order dated 14th May 2020

12 Standards Enforcement Delayed by Three Months from 23 April 2020

Ministry of Steel Order dated 22.04.2020

Stranded Persons Allowed Domestic Air Travel from 25 May 2020

·    Domestic air Travel of Passengers Removed from Prohibited List

·    MHA Amends Lockdown Guidelines to Facilitate Domestic Air Travel for Stranded Persons in India

MHA Press Release dated 20.05.2020

SOP for Domestic Air Travel Released

·    Only Web Checkin

·    No Covid +ve Cases

Ministry of Civil Aviation Order dated 21 may 2020

Lockdown Opened Up for Board Exams

ABS News Service/21.05.2020

New Scheme with 20K for Fisheries Development of Five Years

·    Cabinet Approves Pradhan Mantri Matsya Sampada Yojana for Boosting Fisheries Sector

·    Scheme Envisages an Investment of Over Rs.20 thousand crores in 5 years

ABS News Service/21.05.2020

WTO Report Looks at Standards and Regulations Notified by Members in COVID-19 Response

ABS News Service/21.05.2020

Electronic Components and Agri Raw Material Stable in Covid-19, Export Orders Index Falls to 83.3, Auto Production down to 79.7

·    WTO Goods Barometer Flashes Red as COVID-19 Disrupts World Trade

ABS News Service/21.05.2020

Business Leaders Stress Role of Trade and WTO in COVID-19 Response

ABS News Service/21.05.2020

Calls for Trade facilitation to Keep Global Supply Chains Moving

ABS News Service/21.05.2020

Chancellor Merkel, DG Azevędo and other Agency Heads Discuss COVID-19 Pandemic

ABS News Service/21.05.2020

Gadkari for Further Doubling of MSME Recognition Criteria to 50 crs Invest and 200 crs Turnover

ABS News Service/20.05.2020

Recovery in Steel Demand to be Delayed on Lockdown Extension

ABS News Service/20.05.2020

Brazil Submits Application to Join Government Procurement Pact (GPA)

ABS News Service/20.05.2020

Standard Operating Protocol (SOP) on Movement of Stranded Workers by Trains

PIB Press Release dated 19.05.2020

Guidelines on preventive measures to contain spread of COVID-19 in workplace settings

MoH&FW Press Release dated 18.05.2020

Dispel Rumours, give Clarity on Train/Bus Departures: MHA to States

·    Proactive coordination among States and Railways essential to run more trains for smooth transport of Migrant Workers; District Authorities must give their requirements to Railways

·    Run more Buses, ensure their Smooth Transition across States and inter-State borders

·    Create en-route Rest Places with basic amenities for people on foot, till they are guided to bus/rail stations

PIB Press Release dated 19.05.2020

No 5.8% Rebound Next Year in 2021, Warns IMF Chief

ABS News Service/19.05.2020

More Local Powers for Border Infra

PIB Press Release dated 18.05.2020

Home Ministry Withdraws Order Making Wage Pay Mandatory during Lockdown

ABS News Service/19.05.2020

Lockdown Extended up to May 31, 2020 – Limited List of Prohibitions Released

·    States to decide Zones and Activities

·    Air, Metro Not Allowed

·    Silence on Buses, Road and Rail Transport

MHA Order dated 17th May 2020

Nirmala Releases Across Seven Sectors - Fifth Stimulus Package to Fight COVID-19 under Aatma Nirbhar Bharat Abhiyaan

Key Highlights

·    Rs 40,000 crore  increase in allocation for MGNREGS to provide employment boost

·    Increased investments in Public Health and other health reforms to prepare India for future pandemics

·    Technology Driven Education with Equity post-COVID

·    Further enhancement of Ease of Doing Business through IBC related measures

·    Decriminalisation of Companies Act defaults

·    Ease of Doing Business for Corporates

·    Public Sector Enterprise Policy for a New, Self-reliant India

·    Increase borrowing limits of States from 3% to 5% for 2020-21 only & promoting State level reforms

ABS News Service/18.05.2020

Lockdown4.0 - States/UTs cannot dilute restrictions imposed in MHA guidelines, can only make them stricter based on local level assessment and Health Ministry Guidelines: MHA

PIB Press Release dated 18.05.2020

National Migrant Information System (NMIS) - a Central Online Repository on Migrant Workers - Developed by NDMA to Facilitate their Seamless Movement Across States

·    MHA writes to States to use NMIS for capturing the information on movement of migrants and for better inter-State co-ordination

PIB Press Release dated 17.05.2020

Power to Extend Lockdown

NDMA Order dated 17.05.2020

Physical Distancing and Behavior Etiquettes are Potent ‘Social Vaccines’ for Battling COVID-19

ABS News Service/18.05.2020

Relief Package Announced by Union Government for Different Sectors and New MSME Definition will give Huge Boost to Industry, says Gadkari

·    Nitin Gadkari Calls for Exploring Rating and Effective Implementation of Fund of Funds Announced for MSMEs

PIB Press Release dated 17.05.2020

Stimulus Package Announced by the FM Encouraging in Medium Term; however boost to demand, supply chain and bailout of overall trade and industry is the immediate need of the hour, says FIEO President

ABS News Service/18.05.2020

Covid-19 Cases Cross 90,000 in India

·    Highest Deaths also recorded in the Last 24 hours

ABS News Service/18.05.2020

India Opposes Rejoining RCEP over China Concerns

·    Narendra Modi had announced India’s decision to quit the grouping, which includes the 10 ASEAN nations

ABS News Service/18.05.2020

Finance Minister Announces New Horizons of Growth; Structural Reforms Across Eight Sectors Paving Way for Aatma Nirbhar Bharat

Key Highlights

·      Commercial Mining introduced in Coal Sector

·      Diversified Opportunities in Coal Sector

·      Liberalised Regime in Coal Sector

·      Enhancing Private Investments and Policy Reforms in  Mineral Sector

·      Enhancing Self Reliance in Defence Production

·      Policy Reforms in Defence Production

·      Efficient Airspace Management for Civil Aviation

·      More World-Class Airports through PPP

·      India to become a global hub for Aircraft Maintenance, Repair and Overhaul (MRO)

·      Tariff Policy Reform in Power Sector; Privatization of Distribution in UTs

·      Boosting private sector investment through revamped Viability Gap Funding Scheme in Social Sector

·      Boosting private participation in space activities

·      Reforms in Atomic Energy Sector

ABS News Service/17.05.2020

FM of 4th Tranche Presentation

Presentation of details of 4th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19

PIB Press Release dated 16.05.2020

FM 5th Tranche for Government Reforms and Enablers

Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19

PIB Press Release dated 17.05.2020

Atma Nirbhar Bharat Scheme to provide Free Food Grains to Migrant Labour Kicks Off

PIB Press Release dated 16.05.2020

FM 3rd Tranche for Agri and Food Sector

·    FM 3rd Tranche of Measures to Strengthen Infrastructure Logistics, Capacity Building, Governance and Administrative Reforms for Agriculture, Fisheries and Food Processing Sectors

PIB Press Release dated 15.05.2020

FM 3rd Tranche Presentation

·    Presentation of details of 3rd Tranche by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19

PIB Press Release dated 15.05.2020

Third Tranche of ‘Aatmanirbhar Bharat Abhiyan’: Agriculture Sector Gets ₹1.5-lakh-cr Booster

·    FM Proposes to Remove 6 Farm Produce from Essential Commodities Act

ABS News Service/16.05.2020

Modi Government's faith – India’s welfare only through Farmers’ Welfare; when Farmers are Empowered, Country would become Self-reliant: Mr. Amit Shah

·    Prime Minister Modi's sensitivity towards Farmers, even in adverse circumstances, is exemplary for the whole world: Home Minister

·    Modi government’s Aatmanirbhar Bharat Mission to result in unprecedented development, increase in income and employment: Mr. Amit Shah

PIB Press Release dated 15.05.2020

Mansukh Mandaviya Welcomes the Slew of Measures Announced under Aatmanirbhar Bharat Abhiyaan to Support Indian Economy in Fight against COVID-19

PIB Press Release dated 15.05.2020

HS says, Don’t send Migrant Workers on walk back home, and perform the journey only in buses & ‘Shramik’ Special Trains being run by the Government

Home Secretary Letter dated 15.05.2020

Delay in PF Condoned

Home Secretary Letter dated 15.05.2020

India Potash to Cut the Price of Muriate of Potash from Rs 19000 per MT to Rs.17500 per MT

ABS News Service/16.05.2020

38 New Mandis Integrated with eNAM

·    The pan-India electronic agri-produce trading portal reaches milestone of 1000 mandis across 18 States & 3 UTs

ABS News Service/16.05.2020

Permission for Bringing Workers to Factories in UP

UP Circular dated 13.05.2020

Payments to MSME by Public Sector

Central Public Sector Enterprises (32 Maharatnas and Navratnas) Due Payments to MSMEs

ABS News Service/16.05.2020

Exports Plummet by 60.3% in April, Imports by 58.7%

·    Food, Iron Ore and Pharma Hold Out

·    Services Steady

·    Crude Crashes along with Gold

·    FIEO Expects World Climate to Improve only in July as Measures in Developed Countries Show Results

MoC&I Press Release dated 15.05.2020

EEPC India Chairman Mr Ravi Sehgal says Sharp Drop in April Exports No Surprise

ABS News Service/16.05.2020

Face Masks Exports Seized in IGI Airport Customs Seizes Illegal Shipments of Medical Gear

ABS News Service/16.05.2020

DG Azevędo Hails G20 Pledges on Trade Cooperation in COVID-19 Response

·    (DG has resigned from WTO w.e.f Aug 2020 to leave the Space Open for Reform as Demanded by US and its Allies)

ABS News Service/16.05.2020

$1 Billion from World Bank to Protect India’s Poorest from COVID-19

PIB Press Release/15.05.2020

Project Signing: World Bank Project Agreement Signed to Reduce Flooding and Improve Irrigation in West Bengal

PIB Press Release/15.05.2020

Finance Minister Measures for Supporting the Poor, including Migrants, Farmers, Tiny Businesses and Street Vendors – 14 May 2020

·    Free food grains supply to Migrants for 2 months.

·    Technology system to be used enabling Migrants to access PDS (Ration) from any Fair Price Shops in India by March, 2021-One Nation one Ration Card

·    Scheme for Affordable Rental Housing Complexes for Migrant Workers and Urban Poor to be launched

·    2% Interest Subvention for 12 months for Shishu MUDRA loanees- Relief of Rs. 1500 crore

·    Rs 5000 crore Credit facility for Street Vendors.

·    Rs70,000 crore boost to housing sector and middle income group through extension of Credit Linked Subsidy Scheme for MIG under PMAY(Urban)

·    Rs 6,000 crore for Creating employment using CAMPA funds

·    Rs 30,000 crore Additional Emergency Working Capital for farmers through NABARD

·    Rs 2 lakh crore concessional credit boost to 2.5 crore farmers under Kisan Credit Card Scheme

ABS News Service/15.05.2020

In Second Tranche, FM Announces Nine Measures

ABS News Service/15.05.2020

India calls upon the G-20 nations to ensure access to essential medicines, treatments and vaccines at affordable prices;

·    Piyush Goyal, in G-20 Trade Ministers meeting, says staying true to our tradition of “Vasudhaiv Kutumbakam, India has unconditionally provided medical supplies to over 120 countries to combat this disease

·    India will emerge stronger after the implementation of the special economic package announced by the Prime Minister, says the minister

·    World has to come together to build partnerships among like-minded nations with shared values of democracy, rules-based and transparent business models and concern for humanity as a whole

MoC Press Release/14.05.2020

MHA Issues Standard Operating Protocol (SOP) for Movement of Passengers by Train

MHA Letter dated 14.05.2020

Karnataka Govt Reiterates Asymptomatic Travellers should not be subjected to any kind of Quarantine

Health and Family Welfare Service Order dated 14.05.2020

Odisha Govt Order for Standard Operating Protocol (SOP) for Passengers Travelling by Special Trains

Govt of Odisha Order dated 13.05.2020

Private Clinical Establishments should Provide Dedicated/Separate Fever Clinics following the Government of India and Govt of Tamil Nadu Guidelines

Health and Family Welfare Department, Tamil Nadu dated 09.05.2020

Prime Minister’s interaction with Mr. Bill Gates

ABS News Service/15.05.2020

Finance Minister Presentation of details of Tranche 2 under Aatmanirbhar Bharat Abhiyaan to Support Indian Economy in Fight against COVID-19

Govt of India/ 14.05.2020

Finance Minister Package for MSME

·     Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs

·     Rs 20,000 crore Subordinate Debt for Stressed MSMEs

·     Rs 50,000 crore equity infusion through MSME Fund of Funds

·     New Definition of MSME and other Measures for MSME

·     No Global tenders for Government tenders of uptoRs 200 crore

·     Extending the Employees Provident Fund Support for business and organised workers for another 3 months for salary months of June, July and August 2020

·     EPF Contribution to be reduced for Employers and Employees for 3 months to 10% from 12% for all establishments covered by EPFO for next 3 months

·     Rs. 30,000 crore Special Liquidity Scheme for NBFC/HFC/MFIs

·     Rs. 45,000 crore Partial credit guarantee Scheme 2.0 for Liabilities of NBFCs/MFIs

·     Rs 90,000 crore Liquidity Injection for DISCOMs

·     Relief to Contractors given by extension of up to six months for completion of contractual obligations, including in respect of EPC and concession agreements

·     Relief to Real Estate Projects the registration and completion date for all registered projects will be extended up to six months.

·     Tax relief to business as pending income tax refunds to charitable trusts and non-corporate businesses and professions to be issued immediately

·     Reduction in Rates of ‘Tax Deduction at Source’ and ‘Tax Collected at Source” by 25% for the remaining period of FY 20-21

·     Due Dates for various tax related compliances extended

ABS News Service/14.05.2020

FM Presentation under Aatmanirbhar Bharat Abhiyaan to Support Indian Economy in Fight against COVID-19

FinMin/13.05.2020

EPF Support to Continue for 3 more Months, Norms for Contribution Relaxed

ABS News Service/14.05.2020

Equalisation Levy on e-commerce Companies may be Deferred to Second Half of FY 2020-21

ABS News Service/14.05.2020

EEPC Welcome E-Market Linkage

ABS News Service/14.05.2020

Reduction in rate of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS)

PIB Press Release dated 13.05.2020

Security Repayment of 8.27% of 2020 Security - Issue of Press Communiqué

ABS News Service/14.05.2020

Guidelines for RT-PCR based Pooled Sampling for Migrant Returnees

ABS News Service/14.05.2020

Work From Home Frame

Ministry of Personnel Public Grievances and Pensions Office Memorandum dated 13.05.2020

States Fare at ₹97,100-crore Revenue Hit in April: Ind-Ra

ABS News Service/14.05.2020

PM Gives Atmanirbhar Bharat (Self Reliant) India

·     Comprehensive Package of Rs 20 lakh crore to be Announced

·     PM Gives a Call for Self-Reliant India; Lays Down Five Pillars of Atmanirbhar Bharat

·     It is time to become Vocal for our Local Products and make them Global: PM

PIB Press Release dated 12th May 2020

 

Prime Minister Narendra Modi’s Address to the Nation on 12.5.2020

PIB Press Release dated 12th May 2020

 

FIEO says Integration with Global Value Chain a Must for Exports

ABS News Service/13.05.2020

 

Gujarat Brings in Ordinance to Check APMCs, Opens Doors to Private Players

·     Cess only for Transactions in their Own Yards, Private Sector too can Set Up Yards

ABS News Service/13.05.2020

 

Materials and Digital Tech in Post Covid Focus

·     Experts at Digital conference on rebooting the economy through S&T

PIB Press Release dated 12th May 2020

 

Karnataka Woos Japan, Korea and the West for Investment

Government Order No. CI 120 SPI 2020 dated 11.05.2020

 

MHA Issues Standard Operating Protocol (SOP) to Facilitate Movement of Persons by Train

MHA Order dated 11th May 2020

 

MHA and Railways conduct Video Conference with State Nodal Officers to review operation of ‘Shramik Special’ Trains, to facilitate faster movement of stranded Workers to their Native places

ABS News Service/12.05.2020

 

NDMA (MHA) Issues Guideline on Restarting Manufacturing Industries after the Lockdown Period

·     Field Functionaries to Ensure Strict Compliance of Guidelines

MHA Press Release dated 10th May 2020

 

Prime Minister Interacts with the Chief Ministers of All the States and UTs

·     5th such Meeting with the Chief Ministers since 20th of March 2020

·     The Effort now should be to Stop the Spread of COVID19 in Rural Areas: PM Narendra Modi

·     India must Leverage the Opportunities that Arise in the Post COVID Era: PM

·     We Must all Plan for the New World Reality: PM

ABS News Service/12.05.2020

 

Rights Issue to Continue without Issues of Notices

·     Clarification on Dispatch of Notice under section 62(2) of Companies Act, 2013 by Listed Companies for Rights Issue Opening upto 31st July, 2020

Ministry of Corporate Affairs Circular No 21 dated 11.05.2020

 

Kerala Orders Total Lockdown on Sundays

·     COVID-19 - Regulations to contain the COVID-19 pandemic - total lock-down on Sundays - Orders issued. - G.O.(Ms) No. 94-GAD – Kerala

Kerala Govt order dated 09.05.2020

 

Ministry of MSME Launches CHAMPIONS Portal to Help “Small Industries Becoming Big”

·     A Technology driven Control Room-Cum-Management Information System

·     Based on modern ICT tools the network of control rooms is created in a Hub & Spoke Model

·     Aimed at assisting Indian MSMEs march into big league as National and Global CHAMPIONS

ABS News Service/12.05.2020

 

India Must Stop Buying and Depending on Foreign-Made Weapons says India Defense Chief

ABS News Service/12.05.2020

 

Ration Card Seeding with Aadhar Extended to 30 Sept 2020

ABS News Service/12.05.2020

 

Economic Activities to Gather Steam in Coming Days’

ABS News Service/12.05.2020

 

Senior IAS Officer Manivannan Shunted Out without New Posting for Taking Stiff View on Workers’ Wages during Lockdown Period

ABS News Service/12.05.2020

 

MHA Issues New Guidelines for Reopening Manufacturing Units, Insists on Safety

MHA Press Release dated 10th May 2020

 

Cabinet Secretary Chairs a Meeting with Chief Secretaries and Health Secretaries of all States and UTs to Review their Status of COVID-19 Management

PIB Press Release dated 10th May 2020

 

Movement of Migrant Workers in Buses and ‘Shramik’ Special Trains

PIB Press Release dated 11th May 2020

 

Movement of Medical Professionals and Para-Medical Staff

PIB Press Release dated 11th May 2020

 

Delhi Govt Order to District Magistrates for Enforcement of COVID-19 Lockdown Relaxations

Disaster Management Order dated 8th May 2020

 

Epass Facility

ABS News Service/11.05.2020

 

Gradual Resumption of Select Passenger Services by Indian Railways

PIB Press Release dated 10th May 2020

 

Central Helpline Number for Corona-Virus

ABS News Service/11.05.2020

 

Adequate Health Infrastructure and Health Facilities Set Up for COVID-19 Management

PIB Press Release dated 10th May 2020

 

Law Minister Holds Review Meeting with Attorney General, Solicitor General and all the Law Officers of Govt. of India

PIB Press Release dated 10th May 2020

 

DBT-BIRAC COVID-19 Research Consortium Recommends 70 Proposals for funding in Vaccines, Diagnostics, Therapeutics and other Technologies

PIB Press Release dated 10th May 2020

 

Chidambaram Welcomes Centre's Decision to Borrow Additional 4.2 lakh cr

ABS News Service/11.05.2020

 

India, Pakistan Grappling with Archaic Epidemic Law

Still to update 1897 British law, India, Pakistan see COVID-19 as Disaster to Enable Strict Government Response

ABS News Service/11.05.2020

 

Of Disasters and Epidemics- The Constitution (44th Amendment) Act, a Probe into the Wisdom of our Choices

ABS News Service/11.05.2020

 

The Epidemic Diseases Act- The Stench of Colonial Legislation?

ABS News Service/11.05.2020

 

Manufacturing Permitted, Workers Not Ready to Touch Imports from China

ABS News Service/11.05.2020

 

Revised Discharge Policy for COVID-19

ABS News Service/11.05.2020

 

Odisha Govt Order on Distancing for Migrant Workers

Govt of Odisha Order dated 8th May 2020

 

Commerce Ministry Working on Package to Bail Out Exporters

·     PMO asks Ministries to Suggest Measures to Support Respective Sectors

ABS News Service/09.05.2020

 

Basmati Rice Exporter Defaults on Rs 411 crore Loan, Flees Country

·     SBI Seeks CBI Help

ABS News Service/09.05.2020

 

Centre to borrow ₹4.20-lakh crore more; Fiscal Deficit may Widen to 5.4%

ABS News Service/09.05.2020

 

Interpreting Interpretation: Textual, Contextual, and Pragmatic Interpretative Methods of International Trade Law

Connecticut Journal of International Law, Vol. 35, No. 2, 2020 dated 04.05.2020

 

Supreme Court Issues Notice in Plea Seeking Exemption from Paying Wages to Workers who Voluntarily Stopped Reporting to Work

·     Matter Listed for Hearing on 15 May 2020

ABS News Service/09.05.2020

 

Trump to Push out China Supplies from US, The Elephant of India may Replace the Chinese Dragon

ABS News Service/09.05.2020

 

Unions Up in Arms as State Govts Dilute Labour Laws Via Ordinances

ABS News Service/09.05.2020

 

Labour Secretary says No Cuts in Wages regardless of whether He or She on Duty or Not

Ministry of Labour & Employment Letter dated 20.03.2020

 

IT and ITES Activity Allowed Outside SEZs Too, Only Containment Zone Excluded

UP Chief Secretary Letter dated 07.05.2020

 

Bangladesh, Nepal, Bhutan and Myanmar among we on Verge of Losing LDC Status at WTO

·     Textiles, Footwear and Fish Exports may be Affected

ABS News Service/09.05.2020

 

UP High Court on Guidelines in Courts

Allahabad High Court

 

No Insults to Public Allowed in Lockdown Period

Bombay High Court, Nagpur Bench Order dated 08.05.2020

 

Ban on Liquor in Tamil Nadu

Madras High Court Order dated 08.05.2020

 

Amit Shah Concerned Over Covid Spread in Central Armed Police

PIB Press Release dated 08.05.2020

 

PM Reviews Vishakhapatnam Gas Leak Incident

PIB Press Release dated 07.05.2020

 

No Limitation Period Accounting during Lockdown Period Beginning 15 March

·     Both the Litigants and Lawyers to get Relief from this Move

ABS News Service/08.05.2020

 

Covid-19 Tally Crosses 50,000

·     3,561 New Cases and 89 New Deaths Reported Over Past 24 hours

ABS News Service/08.05.2020

 

Train Runs Over Migrant Workers in Aurangabad District, at least 14 killed

ABS News Service/08.05.2020

 

Levy of IGST on Ocean Freight under RCM is Unconstitutional

ABS News Service/07.05.2020

 

Adani Ports ups Vessel Charges at Mundra from 16 May, Demand for Cargo Falls 20%

ABS News Service/07.05.2020

 

Lockdown Impact - Services PMI in April Crashes to 5.4 from 49.3 in March

ABS News Service/07.05.2020

 

Intellectual Property Rights and Innovation in the Times of Corona Epidemic

ABS News Service/07.05.2020

 

Pakistan’s Exports Plunge in April at $957mn are Down 55% Over March

ABS News Service/07.05.2020

 

Notice Period for Draft Environment Impact Assessment Notification(EIA), 2020 Extended till 30th June

Ministry of Environment, Forest and Climate Change Press Release/07.05.2020

 

MHA Issues SOPs for Movement for those Stranded outside the Country and India

·    Only Indian Nationals Covered

·    Persons Specified for Travel from Country include Visa Holders

MHA Press Release/05.05.2020

 

International Air Travel Advisory by Indian Govt following COVID-19

·    All existing Visas granted to Foreigners, except certain categories, to remain suspended till the Prohibition on International Air Travel of passengers from/to India is lifted

PIB Press Release/05.05.2020

 

Foreigners Visa to be Extended for Free

PIB Press Release/05.05.2020

 

Multiple Entry Visa for OCI Cardholders, to Remain in Abeyance till Prohibition on Passengers is Lifted

PIB Press Release/05.05.2020

 

GoM Reviews Current Status, Preparedness and actions for Management of COVID-19

·    Dr. Harsh Vardhan Emphasizes that Use of Technology is Integral for the Containment Strategy forCOVID-19

MoH&FW Press Release/ 05.05.2020

 

GST Assessees can Claim Transitional Credit Till June 30

DHC Ruling will not only Benefit Petitioner but All Affected Assessees

ABS News Service/06.05.2020

 

A Series of Medium-Sized Packages, Calibrated Approach Needed to Revive the Economy, says Sanjeev Sanyal

·    State Govts should Play Critical Role in Global Supply Chain, he says

ABS News Service/06.05.2020

 

PM Chairs a Meeting of the Task Force on Corona Vaccine Development, Drug Discovery, Diagnosis and Testing

PIB Press Release dated 05 May 2020

 

Delhi Hikes Petrol by Rs 1.67 per litre, Diesel Rs 7.10 More

Finance (Revenue-I) Department Notification dated 04.05.2020

 

Corona Fee on Liquor for Consumption “off” the Premises of Licensee

Finance (Revenue-I) Department Notification dated 04.05.2020

 

Excise Duty on Petrol Hiked by Rs 10, Diesel by Rs 13 Per Litre

ABS News Service/06.05.2020

 

WTO Report Looks at Role of E-commerce during the COVID-19 Pandemic

ABS News Service/05.05.2020

 

Top 40 Indian, Global Economists, Academics, Biz Leaders Piece Together Covid-19 Assessment

ABS News Service/05.05.2020

 

Corporate Affairs Ministry Sets up 7-Member Amarjit Chopra Panel to Control Big 4

ABS News Service/05.05.2020

 

Prime Minister Participates at the Online Summit of NAM Contact Group

PIB Press Release/04.05.2020

 

MHA Writes to States to Facilitate Movement of Stranded Migrants, Residents from Other States Not Covered

Home Secretary Letter dated 03.05.2020

 

MHA Control Room to be Utilised for Resolving Complaints of Drivers and Transporters on Passage of Goods Carriers including Empty Trucks

·     MoRTH Officials being Deputed to the MHA Control Room

·     MHA Helpline Number 1930 and NHAI Helpline number 1033 may be Used to Seek Assistance

MHA PIB Press Release/03.05.2020

 

Central Teams being Deployed to Districts with Highest Number of COVID-19 Cases

PIB Press Release/03.05.2020

 

Recycling Industry says Scrap Cargo Stuck at Ports, Charges not Waived; 6,000 Units Face Closure

ABS News Service/04.05.2020

 

MEIS and SEIS Incentives for Exports from Special Economic Zones/EOUs – No Relief as of Now

Min of Commerce Circular/29.04.2020

 

Lockdown Extended for Two More Weeks with some Relaxations

·     Zone wise Activities – Red Zone Reduced to Containment Zone

MHA Press Released/01.05.2020

 

Highlights of Red, Orange and Green Zones Restrictions and Liberalisation

Press Release/01.05.2020

 

Opened, but not Unshackled, Decoding the Lockdown Guidelines

ABS News Service/02.05.2020

 

West Bengal Govt Writes to Centre Over 'Erroneous' Assessment of Red Zones in State

ABS News Service/02.05.2020

 

Passenger Train Services Cancellation Extended till 17 May 2020

PIB Press Release/02.05.2020

 

Indian Missions should Identify Business and Export Opportunities Abroad

·     Piyush Goyal Calls upon the Indian Missions Abroad to Play an Important Role in Making India a Preferred Destination

·     Recovery path for India in the post-Covid era will be through Trade and Investment, says External Affairs Minister

MoC Press Release/01.05.2020

 

Commerce Minister Welcomes to Foreign Missions to Promote Business with India

MoC Press Release/01.05.2020

 

China’s New Export Orders Index at 33.5 – Container Shipping Demand in Free Fall

ABS News Service/02.05.2020

 

Bombardier Lowest Bidder for Delhi-Meerut RRTS’ 210 Coach Contract

·     Local Companies Far behind the MNCs, Plead for “Make in India”

ABS News Service/02.05.2020

 

MHA DO Letter to Chief Secretaries and Administrators to Allow Unhindered Movement of Trucks Carrying Goods

MHA Press Release/30.04.2020

 

Health Secy Issues Revised Guidelines on Red/Orange/Green Zones, No Case Permit Reduced to 21 from 28 Days

MoHFW Circular dated 30th April 2020

 

Special Trains to be Operated for Movement of Stranded Persons Across the Country, due to Lockdown Restrictions to fight COVID-19

MHA Order Dated 1st May 2020

 

PM Modi Holds a Meeting to Discuss Ways to Boost Defence and Aerospace Sector

ABS News Service/01.05.2020

 

Scrap Order on Waiver of Detention charges: Container Carriers Tells Government

ABS News Service/01.05.2020

 

G20 Digital Ministers Summit Calls for Coordinated Global Digital Response to Fight the Pandemic

PIB Press Release dated 30th April 2020

 

MHA Holds a Comprehensive Review Meeting on the Lockdown Situation in Wake of Spread of COVID-19

·   New Guidelines will come into effect from 4 May

ABS News Service/30.04.2020

 

Home Secretary Allows Movement of Persons across State Borders through Respective State Governments

MHA Press Release dated 29.04.2020

 

Commerce Minister Sees New Export Opportunities after COVID-19

ABS News Service/30.04.2020

 

Electronics Minister Meets Industry, Offers Little

·   Ravi Shankar Prasad Exhorts the Electronics Industry to Explore the New Opportunities Arising Out of the Adversity

·   Aarogya Setu App Reaches around 8 crore Mobile Phones in the Country

·   Industry Representatives Presented “Restart, Restore and Resurgence” Model to Capture the Global Opportunity in Electronics System Design and Manufacturing (ESDM) Sector

PIB Press Release/29.04.2020

 

Agri Minister Lists Nine Exemptions to Calm in Lockdown

PIB Press Release/29.04.2020

 

Finance Minister Rebuts Rahul Gandhi says 18,000 crs plus Assets of Nirav Modi-Mehul Choksi-Vijay Mallya Attached

ABS News Service/30.04.2020

 

National Infrastructure Pipeline Report Sees Rs 111 lakh crore Investment in Infrastructure in Next Five Years

ABS News Service/30.04.2020

 

Mamata Opens Up Home Delivery of Non-essential Goods in Bengal

ABS News Service/29.04.2020

 

Ravi Shankar Prasad Appreciated the Efforts of All States and UT in the Fight against Covid19

·   Minister Expressed his Vision to Realize 1 lakh digital villages that are self-sufficient with amenities such as digital education, digital health, digital payment etc

·   Minister made an appeal to all States to work unitedly, digitally and physically to pool together national and state level resources to fight against COVID-19 and assured all the help from Central Government in this effort

PIB Press Release dated 28th April 2020

 

WFH for IT Sector Extended till July 31

Union Minister IT Minister to Interact with Heads of IT Firms to Understand Problems

ABS News Service/29.04.2020

 

GoM Reviews Current Status, and Actions for Management of COVID-19

·   Dr. Harsh Vardhan Commends the Collective Efforts of All Stakeholders in Combating COVID-19

PIB Press Release dated 25th April 2020

 

Guidelines for Home Isolation of Mild Symptomatic COVID-19 Cases

Ministry of Health & Family Welfare

 

RBI wrote off over Rs 68 thousand crore loans, Choksi among 50 top wilful defaulters: RTI

ABS News Service/28.04.2020

 

Guidelines under FEMA for FDI in Insurance Sector

S.O. 1374(E) dated 27.04.2020

 

Lockdown period Excluded in Insolvency Proceedings with effect from 17 April, 2020

No. IBBI/2020-21/GN/REG060 dated 20.04.2020

 

IFSC Gandhinagar Gujarat Notified under the IFSC Authority Act, 2019 – An Important Section coming into force on 27 April 2020

·   International Financial Services Centre Authority carrying the powers of RBI, SEBI and IRDAI for IFSC at GIFT City would have it’s head office at Gandhinagar, Gujarat.

·   GoI notifies April 27, 2020 as date for the establishment of IFSC Authority, Head Office and few sections of the IFSC Authority Act.

·   Gujarat to house first central regulatory authority … big boost for GIFT City to emerge as Global Financial Hub.

S.O. 1383(E) dated 27.04.2020

 

IT Officers Pitch for 40% Tax on Super Rich, New Covid Cess

ABS News Service/28.04.2020

 

Pay Demurrage under Protest, says Material Recycling Association

Ports Violate Govt Orders Charge Demurrage in Lockdown

ABS News Service/28.04.2020

 

WTO Issues New Report on Treatment of Medical Products in Regional Trade Agreements

ABS News Service/28.04.2020

 

India must Aim at Medical Devices Import Substitution; Import Dependence @ 70-90 % - EEPC India - Deloitte Report

ABS News Service/28.04.2020

 

E-commerce Allowed only to Essential Goods like Foodstuff only, Neighbourhood Shops Registered under Shops and Establishment Act (10 or more persons) can Open, No Shops to Open in Containment Zones

·   Liquor Shops will Remain Closed

·   Markets Like Connaught Place or Karol Bagh to Remain Closed

MHA Press Release dated 25.04.2020

 

MHA Allows Neighbourhood Shops to Open but States yet to Comply, Shops in Rural Areas Also to Open but many Restrictions Still Operate (Sl No. 13 in Original order Missing!)

MHA Press Release dated 25.04.2020

 

Maritime Logistics Players Openly Defy Shipping Ministry Order on Waiving Charges

ABS News Service/25.04.2020

 

Post Lockdown: Big Units Get Ready, MSMEs see Roadblocks to Restart

ABS News Service/25.04.2020

 

RBI Moratorium: At least 328 Firms, including JSW Steel, Air India Express, seek COVID-19 Relief Package

ABS News Service/25.04.2020

 

Centre Suspends DA Hikes till July 2021 with No Arrears after Announcing it in March

ABS News Service/25.04.2020

 

Recovery of Interest for Late GST Payment Needs to be Adjudicated in Case of Dispute, says HC

ABS News Service/24.04.2020

 

Home Secy Clarifies that No Arrests or Factory Sealing of Owners if Worker Found Corona Positive

·   MHA Clarifies Misplaced Apprehensions of Industry Associations regarding Legal Liability on Company CEOs, if Employees Found COVID-19 Positive

·   No Separate/Fresh Permissions required from Authorities for Industries already permitted to operate prior to 15.04.2020, in areas falling outside Containment Zones

MHA Press Release dated 23.04.2020

 

Global Container Shipments Set to Fall 30% in Next Few Months

ABS News Service/24.04.2020

 

As Government Wields Stick, EXIM Logistics Players Fall in Line

·   The Director General of Shipping made it more ‘binding’ on carriers not to levy container detention charges on export-import shipments till May 3

ABS News Service/24.04.2020

 

145 Indian Crew Disembark at Mumbai Port from German Cruise Ship following MHA’s SOP of Sign-on/ Sign-off

Ministry of Shipping Press Release dated 23.04.2020

 

WTO Report Finds Growing Number of Export Restrictions in Response to COVID-19 Crisis

ABS News Service/24.04.2020

 

Promulgation of an Ordinance to Amend the Epidemic Diseases Act, 1897 in the Light of the Pandemic Situation of COVID-19

PIB Press Release/22.04.2020

 

Ordinance Issued to Amend Epidemic Diseases Act  to Punish those Committing “Acts of Violence” to Covid-19 related Health Care Personnel Doctors and below to Asha Health Worker and Property

·   Offences Cognizable and Non-bailable

·   Minimum Three  Months Imprisonment and Rs. 50,000 Fine Stipulated

·   Investigation to be Completed within One month of FIR

·   Day to Day Hearing and Trial to be Completed within One year

·   Compounding of Offences Allowed but with the Permission of the Victim Doctors

·   Presumption of Offences in Grievous Hurt Caused to Doctor Cases

·   “Culpable Mental State” Presumed for Offences, Accused to Prove the Contrary

·   Offender Liable to Pay Compensation of Twice the Value of Damaged Property

·   Inspection of Transport Vehicles in Epidemic period given Legal Status

Ministry of Law and Justice (Legislative Department) Ordinance No.5 OF 2020 dated 22nd April, 2020

 

Principal Employer of Outsourced Work Liable to Pay the Outsourcing Agencies for Payment of Workers Wages, says Chief Labour Commissioner

Min of Labour & Employment Circular/22.04.2020

 

UP to Bill Commercial Consumers on the basis of Actual Consumption, Fixed Charges Recovery to be Postponed

UPPCL Notice

 

NDMA Issues Guidelines for Heat Wave Expected in 2020

MHA D.O. No. 1-38/2016-PP dated 20.04.2020

 

Pulses and Oil seeds Procurement on Target

PIB Press Release dated 22.04.2020

 

Senior Citizens Caregivers, Prepaid Mobile Recharge, Food Processing Units Subject to Social Distancing Exempted from Lockdown

MHA Press Release dated 21st April 2020

 

Government Exempts Additional Agricultural and Forestry items

·   Shops of Educational Books for Students and Shops of Electric Fans Exempted from Lockdown Restrictions to Fight COVID19

·   MHA Issues SOPs on Sign-on/Sign-off for Indian Seafarers at Indian Ports and their Movement

MHA Press Release dated 21st April 2020

 

Home Secy Threatens West Bengal

Home Secretary Letter dated 21.04.2020

 

Home Secretary Calls for Tough Action for Security of Doctors and other Health Care Professionals, Cabinet Approves Ordnance to Amend Epidemic Diseases Act, 1897

·   DO Lr. Dt. 22.4.2020 to Chief Secretaries Administrators DGPs reg. security to healthcare professionals

Home Secretary Letter dated 22.4.2020

 

Three Month Waiver of Shipping Demurrage and Deferment and Step Down of Payment for Services to August 2020

·   Action on Airport Front Awaited

Min of Shipping Notification dated 21.04.2020

 

G20 Farm Ministers’ Met Global Food Security

ABS News Service/22.04.2020

 

Congress Calls for Revival of Budget Review through Parliament Committee to take Another Look at Economy in the light of COVID-19 Developments

ABS News Service/21.04.2020

 

CBDT Defends Action to Adjust Disputed Demands with Refund Claims

PIB Press Release/21.04.2020

 

WHO and WTO Call for Open Trade on Medical Supplies to Combat COVID-19

ABS News Service/21.04.2020

 

Now Resident Workers of Bengal to get One Thousand Rupees from Government on Mobile App

Department of Disaster Management and Civil Defence Notification dated 20.04.2020

 

Commerce Ministry Considering Licensing Barriers on Key Consumer Goods like Mobile Phones, Televisions, Food Articles and Textiles to check Imports from China and Vietnam

ABS News Service/20.04.2020

 

e-Commerce Companies to Continue to Operate for Essential Goods as has been Allowed Earlier

·      States Must Ensure Smooth Movement of the Entire Supply Chain of Essential Goods, including by e-Commerce

MHA Press Release dated 19th April 2020

 

No Relaxation in Lockdown in Delhi, says Kejriwal

ABS News Service/20.04.2020

 

Central Government Constitutes 6 Inter-Ministerial Teams to make Assessment of Situation and Augment State Efforts to Fight and Contain Spread of COVID-19 Effectively

PIB Press Release dated 20.04.2020

 

Chidambaram on How to Deal with Corona

ABS News Service/20.04.2020

 

UP may not Allow Industrial Activity in Noida, Greater Noida and Yamuna till 03 May

ABS News Service/20.04.2020

 

Fish Gills Used to Develop Efficient Low-Cost Electro-Catalysts for Rechargeable Metal-Air Battery

PIB Press Release dated 20.04.2020

 

I-T Return Forms to be Modified – Returns only after 31 May as New Software will be Issued

ABS News Service/20.04.2020

 

All Fresh FDI from China under Approval Route Now

DPIIT issued Press Note 3 (2020 series) on 17 April 2020

 

MRAI says Ports not Honouring Demurrage Waiver Circulars!

ABS News Service/18.04.2020

 

WTO Members Discuss Use of Virtual Platforms during COVID-19 Lockdown

ABS News Service/18.04.2020

 

RBI Equates High Quality Liquid Assets with SLR to Negate Basel and Help Banks

DOR.BP.BC.No.65/21.04.098/ 2019-20 dated 17 April 2020

 

RBI Allows Accounting Fiction on NPA Classification to Help Banks during COVID-19 Period – A Case of Ostrich Shutting Eyes?

·   No Dividend from Past Reserves

·   Reverse Repo Cut by 0.23 percent to Push Lending to Consumers

·   Governor Maintains Silence on Export and Import Crisis

Governor’s Statement, April 17, 2020

 

More Additions for Small and Medium Sectors in Exemption List for Lockdown

MHA Press Release dated 17th April 2020

 

International Travel Advisory by Indian Government Following COVID-19

ABS News Service/17.04.2020

 

Green Peas Import Quota of 75k MT Released but Port Restriction of Kolkata, MIP of Rs. 200 per kg Remains

MoC&I Notification S.O. 1260(E) dated 16th April 2020

 

EEPC Not Happy with RBI Measures, Asks for Special Package to Face Covid Recovered China which will Flood the Market

ABS News Service/17.04.2020

 

Agri Minister Launches All India Agri Transport Call Centre Numbers 18001804200 and 14488 to facilitate Inter-state Movement of Perishables during Lockdown

PIB Press Release on 15 APR 2020

 

Customs Offices to re-open on 20 April with all Officers on Duty

CBIC Order dated 15th April 2020

 

Nirmala Attends G20 Virtual Meet, says USD 3.9 bn Disbursed to 33 crores Poor

PIB Press Release dated 15th April 2020

 

Health and Family Welfare Ministry Frames Criteria for Hotspots

Ministry of Health and Family Welfare Notification dated 15.04.2020

 

Exports plummet 34.57% in March

·   Exports in 2019-20 decline 4.78 %, imports fall 9.12%, trade deficit shrinks

·   Lockdown of Transport Hits Movements from and to Ports

·   Engineering Goods Exports Worst Hit

·   Capital Goods, Steel Imports Totter

·   Pile Ups in Ports as Local Transport and Rail Movements Come to Grinding Halt

ABS News Service/16.04.2020

 

FIEO claims 50% of the Orders Cancelled, says Delay in special Relief Package will be “Catastrophic”

·   Demands Interest free working capital and waiver of EPF and ESIC contributions

·   Extension of credit from 90 to 180 days, Forex cover extension without interest and penalty

·   Price Crash Feared as Competition Intensifies

FIEO/PUB/PR/6/2020-21 dated April 15, 2020

 

MHA Issues Consolidated Revised Guidelines with effect from 15 April 2020

ABS News Service/15.04.2020

 

5,516 MT of Pulses Dispatched to States for Distribution under PMGKY

·    Initiatives of Department of Agriculture, Cooperation & Farmers Welfare to Promote Farming and allied sectors during lockdown

PIB Press Release dated 14th April 2020

 

IMF Cuts India GDP Growth to 1.9%, Projects Sharp Contraction in Global Economy

ABS News Service/15.04.2020

 

FIEO President Welcomes Opening of Manufacturing and Exporting Unit

ABS News Service/15.04.2020

 

CBDT Issues Important Circular Clarifying TDS Process – Taxpayers Alert

ABS News Service/15.04.2020

 

PM Addresses the Nation for 4th Time in 4 Weeks in India’s Fight against COVID-19

·   Announces extension of lockdown till 3rd May

·   High Risk Areas and Hotspots to be under constant vigil

·   Ease of Certain Restrictions in Low Risk Areas from 20 April

·   Detailed guidelines to be issued by the Government tomorrow

·   PM seeks support for seven things including taking care of elderly and adhering to social distancing and lockdown

Prime Minister’s Office, Press Release dated 14th April 2020

 

USD 155mn Sale of 10 Missile ($92mn), 16+3 Torpedoes ($63mn) to India

ABS News Service/14.04.2020

 

Government Initiates Dialogue to Resurrect Agri Sector Exports in the Aftermath of Current COVID-19 Crisis

Following directions from Agriculture Minister Narendra Singh Tomar, Secretary DAC&FW held video conference with Associations of producers/exporters of agri commodities to resolve their issues

ABS News Service/14.04.2020

 

Home Secy Lifts Lockdown for Truck Movements

·   Movement of Inter and Intrastate Cargo, Trucks, Workers and functioning of Warehouse and Cold Storages Exempted from Lockdown

ABS News Service/13.04.2020

 

Migrant Labour Welfare in Host State Must

·   MHA Writes to All States to Ensure Compliance of Supreme Court Directions on Welfare of Migrant Labourers Housed at Relief Camps

ABS News Service/13.04.2020

 

DPIIT Secy Mohapatra Asks for Priority to Open Electronics, Textile, Auto Industry at 25% Capacity

·   Lists 17 other Industries to be Opened on Single Shift Operations

·   Industry not Happy as Partial Production not Viable

DPIIT Letter dated 11th April 2020

 

FIEO Welcoming DPIIT Letter to Home Secretary Listing Industries for Early Opening up

FIEO Press Release dated 13.04.2020

 

Exporters Trapped in Forex Hedge

·   Buyers Cancel Orders, Domestic Units not able to Pay Wages

ABS News Service/13.04.2020

 

Teva Ships $2mn Hydroxychloroquine from India to the US

ABS News Service/13.04.2020

 

SEZs want Domestic Market at Discounted Import Duty as Buyers Cancel Orders, 50% of 2.5mn Labour may be Retrenched

ABS News Service/13.04.2020

 

Steel Importers want LC on Korean Exporters Cancelled but BHC Says No

·   “Force Majeure” Clause in Contract doesn’t Help, Condition only to Help Exporters

ABS News Service/13.04.2020

 

KVIC Develops Double Layered Khadi Masks

·   KVIC to Supply 7.5 Lakh Masks Soon to J&K

·   Chairman KVIC Appeals to KVIC Centres to Provide 500 Masks Free to District Collectors

ABS News Service/13.04.2020

 

Fish and Aquaculture Exempted from Lockdown – Movements of Goods and Workers Included

MHA Press Release dated 10th April 2020

 

Plain Medium Density Fibre Board Anti-dumping Investigation – Questionnaire Response Time Extended to 30 April 2020

F. No. 7/6/2020-DGTR dated 10 April 2020

 

Home Secretary Orders Ban on Religious Congregation

·    Social Media Vigil against Objectionable Content

D.O. No. 40-3/2020-DM-I(A) dated 10th April 2020

 

COVID-19 – Frequently Asked Questions on Corporate Social Responsibility

MCA General Circular No. 15 dated 10th April 2020

 

Agri Minister Conferences with State Ministers – Pulses and Oilseeds Procurement Prolong to 90 Days

ABS News Service/11.04.2020

 

Punjab Extends Curfew Till May 1, Task Force to Decide on Exit Strategy

·    There was general consensus in the medical community that the lockdown curbs would only delay the spread of the disease, he said, hoping that some medication/cure would be found soon

ABS News Service/11.04.2020

 

Health Ministry says has 3.28 cr Hydroxychloroquine Tablets in Stock as against Domestic Demand of 1.6 cr Tablets

·    Only 1.8% SARS Cases Found Positive

ABS News Service/11.04.2020

 

More than 300 Respond with Proposals to DST Call for COVID Combat Devices

ABS News Service/11.04.2020

 

FinMin’s Monthly Report Indicates Fiscal Deficit may Widen in FY2019-20

ABS News Service/11.04.2020

 

G20 Extraordinary Energy Ministers Meeting – India Minister wants Low Price

ABS News Service/11.04.2020

 

India Organises South Asia less Pak Video Meet on Trade – Highlights

·   Prov Clearance of Imports

·   Digital and Scanned Copies for COO, Payments

·   India to Coordinate Focal Facilitation Points in each Member

ABS News Service/10.04.2020

 

Cigarette Prices Rise 50-80% above MRP

·   No Production in ITC, Godfrey Phillips Factories

·   Gutkha being Sold at Twice MRP

ABS News Service/10.04.2020

 

Cold India Sells on LC to Users Instead of Advance Payment to Help Users

ABS News Service/10.04.2020

 

Piyush Expects Workers to Return Back after Corona Declines

ABS News Service/10.04.2020

 

₹15,000 crore sanctioned for States to Combat Covid-19

ABS News Service/10.04.2020

 

Harsh Vardhan Chairs GoM Meet on Combating COVID, Gen Rawat CDS Present

ABS News Service/10.04.2020

 

US Gives India 3569 MT Increase in TRQ of Raw Sugar

ABS News Service/10.04.2020

 

Trump Thanks Modi for Lifting Ban on Export of Key Drug

·   Trump said the US had secured 29 million doses of HCQ from India

·   India on 4 April banned exports of HCQ through a notification, without exemptions on humanitarian or other grounds

ABS News Service/09.04.2020

 

Kerala Permits Mobile Phones and Computer Shops Function on Sundays from 10.00 am to 5.00 pm

Kerala Government Order dated 8th April 2020

 

Dubai Allows Alcohol Home Delivery as Virus Shuts Down Bars

ABS News Service/09.04.2020

 

Orissa Extends Lockdown Till 30 April 2020

·    Recommends Continuation of Train or Air Services Suspension

·   Free Movement of Goods Transport, Agro, Animal Husbandry Allowed

ABS News Service/09.04.2020

 

Piyush Goyal Holds consultation with EPCs

ABS News Service/09.04.2020

 

One Time Relaxation (upto 30 Sept 2020) of MRP Revision Allowed on Sticker Following GST Hike

·   Both Old and New Price to be Stated on Sticker

·   Notification Issued by Consumer Affairs Ministry

Ministry of Consumer Affairs Notification dated 1st April 2020

 

WTO Forecasts 13-32 percent Fall in 2020 Trade

·   Double Digit Fall in Trade Volumes

·   Electronics and Auto with Import Intensity in for special hit

·   Transport and Travel Restrictions likely to Kill Services Trade

WTO Press Release dated 8th April 2020

 

All Refunds of GST and Income Tax Refund upto 5 lakhs to be Released Immediately

DoR Press Note dated 08.04.2020

 

Opposition Lambasts Centre for Lifting Ban on Drugs Export

ABS News Service/08.04.2020

 

As Crude Prices Plummet, India’s Tanks are Only Half Full

ABS News Service/08.04.2020

 

Jute Mills Closure in Lockdown Forces Govt to Raise Plastic Bag Limit to 2.62 lakhs from 1.80 lakhs for Agri Goods Transport

·   Textiles Ministry Extends Limit for HDPE/PP Bags from 1.80 lakh bales to 2.62 lakh  to Tide Over Crisis of Packaging of Foodgrains Due to Closure of Jute Mills during Lock down

·   Writes to Governments of All Jute Growing States to Allow Movement, Sale and Supply of Jute Seeds, Fertilizers and other Farming Aids

·   Ministry Committed to Protect Interest of Jute Farmers and Workers

Ministry of Textiles Press Release/07.04.2020

 

CBIC Names 20 Nodal Officers for Corona-19 Customs Clearances

ABS News Service/08.04.2020

 

Lockdown may be Extended, Decision by End of Week Depending upon Progress in Combating Corona Spread

ABS News Service/08.04.2020

 

Bhalla for Action under ECA on Traders to Control Prices, States may also Get Powers of Detention

ABS News Service/08.04.2020

 

MHA Writes to States to give Special Attention on Keeping the Supply of Medical Oxygen Smooth and Hassle-Free Across the Country

ABS News Service/08.04.2020

 

No MPLADS for Two Years (2020-21 and 2021-22) for Managing COVID 19 – Rs. 7000 crs plus Impact on Development Funds and Ongoing Projects

ABS News Service/08.04.2020

 

No Container Detention Charge, Waiver of Demurrage

·   Ministry of Shipping plays a pro-active role towards ensuring smooth shipping operations in COVID-19 situation and lockdown in the country

·   Total traffic handled at Major Ports from April to March 2020 shows 0.82% growth in tonnage

·   Over 46,000 crew/passenger thermal- scanned at ports

·   Penalties, demurrage, charges, fee, rentals levied by the Major ports waived off on any port user

·   Hospitals across the Major Port Trusts are prepared for Covid-19

·   Over Rs. 59 crore Contributions from Salary and CSR funds to PM CARES Fund;

·   DG, Shipping provides reliefs concerning Seafarers, Waivers, Shipping Lines, Sanitization, Safety certificates

ABS News Service/08.04.2020

 

India's Fiscal Response to Covid-19 Inadequate Compared to other Countries, says Industry Body

ABS News Service/08.04.2020

 

Income Tax Appellate Tribunal Holds All India Video Conference on ‘The Direct Tax Vivad Se Vishwas Act, 2020’

·   ITAT President Justice P.P. Bhatt Encourages Stakeholders to Avail the Scheme so as Reduce Pending Tax Litigation

·   Government Open to Suggestions for Better Implementation of the Scheme and Propose Amendments to the Bill, says Mr. P.C. Mody, Chairman, CBDT

ABS News Service/08.04.2020

 

Agro Included in Lockdown Lifting

MHA issues an Addendum to exempt Shops of Agricultural machinery, spare parts & repair; Truck repair shops and Tea industry from Lockdown Restrictions to fight COVID-19

ABS News Service/04.04.2020

 

Agro Operations Liberalised

D.O. No. 40-3/2020-DM-I(A) dated 03.04.2020

 

Clarifications on Scope of “Essential”

·   MHA clarifies on ground level issues being faced by States in ensuring smooth flow of supply chain of Essential Items during National Lockdown to fight COVID-19

·   States advised to inform District authorities and field agencies regarding the Clarifications so as to avoid any ambiguity at the ground level

MHA Press Release/03.04.2020

 

State Disaster Risk Management Fund

ABS News Service/04.04.2020

 

Worldwide Trade in COVID-19

ABS News Service/04.04.2020

 

India for Renewal of WTO Bali Declaration to Maintain MSP to Farmers

·    India's Food Security Discussed at WTO Amidst Covid-19 Pandemic

·    WTO Rules Restrict India’s Ability to Build its Food Stock as the Procurement of Food Grains at MSP is subject to Strict Limits

ABS News Service/ 04.04.2020

 

WTO and ICC to Formulate Response to COVID-19

ABS News Service/ 04.04.2020

 

Mandis, Agriculture Direct Marketing, and Ayush Exempted from Lockdown

ABS News Service/ 04.04.2020

 

Home Secy Orders Criminal Cases on Lockdown Violators

ABS News Service/ 04.04.2020

 

Now, Planes will Fly Medical Equipment, Essential Drugs

ABS News Service/ 04.04.2020

 

Payment of Wages to Migrant Workers during Coronavirus Lockdown: Supreme Court Issues Notice in PIL by Harsh Mander and Anjali Bhardwaj

ABS News Service/ 04.04.2020

 

Lockdown Shows Signs of Relaxation as PM goes into Dialogue with CMs

·   Modi seeks formulation of common exit strategy in meeting with Chief Ministers

ABS News Service/ 03.04.2020

 

Govt to Foot PF for Employees below Rs. 15K per month

ABS News Service/ 03.04.2020

 

UP Cuts Electricity Prices for Units under Lockdown

ABS News Service/ 03.04.2020

 

MSME Units in J&K and Ladakh given One More year for Registration

DPIIT Notification dated 31st March, 2020

 

Eight Out of Twenty Major Countries in the World are not in Lockdown

ABS News Service/ 03.04.2020

 

Demurrage on Held up Cargo at Airport Halved Till 16 April 2020

Ministry of Civil Aviation (ER Division) Order dated 1st April 2020

 

Exporters Given 15 Months from Export Date to Realize Proceeds, Present 9 Months Period Extended

·      States Credit Upped by 30% for Six months

·      Banks Buffer Capital Reserve Inactivated for One Year

·     Present Measures in Addition to those Announced Last Week

ABS News Service/ 02.04.2020

 

Rs. 97.6K Crore of Gross GST Revenue Collected in Mar, IGST of Rs. 18K crs on Import Falls by 23%

·     Only Haryana and Gujarat in Positive Territory in March 2020

Min of Finance Press Release/01.04.2020

 

MeitY Advisory to Curb False News on Corona Virus

MeitY Advisory dated 20.03.2020

 

Oil Prices can Fall below Zero, Storage Capacities Exhausted

ABS News Service/ 02.04.2020

 

Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020

GST Council to Get Power to Extend Last Dates on Account of Force Measures like Corona Virus with Retrospective Effect

Ř Direct Taxes & Benami

Ř Indirect Taxes:

Ř PM Cares Fund

Ministry of Finance/31.03.2020

 

Finance Minister attends the 2nd Extraordinary G20 Finance Ministers and Central Bank Governors Virtual Meeting

ABS News Service/ 01.04.2020

 

Medical Devices Notified as Drugs w.e.f. 1st April 2020 vide Notification dated 11 February 2020 issued by Ministry of Health & Family Welfare to be Governed under the provisions of Drugs (Prices Control) Order, 2013

ABS News Service/ 01.04.2020

 

India Calls for further Enhancing Affordable Access to Medicines and Facilitating Easier Movement of Health Professionals Across National Borders

·    Piyush Goyal says India has been a dependable and affordable source of efficacious and high quality medical and pharma products

·    G20 Trade and Investment Ministers decide to keep their markets open, and ensure smooth and continued operation of the logistics networks

ABS News Service/ 01.04.2020

 

Revision of Ceiling Price of Scheduled Formulations

Ministry of Chemicals and Fertilizers/31.03.2020

 

Ministry of Shipping Issues Direction to All Major Ports not to Levy any Penalties/Charges/Fees on any Port user for any delay caused Due to COVID-19

Ministry of Shipping/31.03.2020

 

RBI Moratorium on EMI - Frequently Asked Questions

Ministry of Finance Press Release dated 01.04.2020

 

Foreign Trade Policy 2015-2020 Extended for One Year

·   MEIS at 2% Extended for One year minimum, No Sunset Clause in Handbook Notification as before (Old Position Continues) but Ad hoc Extra 2% on Mobile Phones for Jan-March 2020 period sunset Automatically till 31 March 2020

·  Other Immediate Relief Measures also Announced

MoC&I Press Release/31.03.2020

 

Existing foreign trade policy likely to be extended

·    Schemes like MEIS, EPCG may continue for some more months providing stability to exporters

ABS News Service/31.03.2020

 

More than 280 Units in SEZs, Manufacturing Essential Items like Pharmaceuticals and Hospital Devices, are Operational

MoC&I Press Release/31.03.2020

 

Office of Principal Scientific Adviser issues manual on homemade masks: Masks for Curbing the Spread of SARS-CoV-2 Coronavirus

PIB Press Release dated 31.03.2020

 

Validity of expired Driving Licences and Vehicle Registration Extended Till June 30

·    Includes fitness, permits, driving licence, registration and other motor vehicle documents

ABS News Service/31.03.2020

 

Government of India Gazette Notification regarding 75% of Advance will Permissible to those Members who Effected with the Lock Down Due to Epidemic

Ministry of Labour and Employment Notification dated 27th March 2020

 

Helpdesk Operationalized by DGFT for COVID-19 on Export or Import Issue

DGFT Press Release/26.03.2020

 

Allow us to work with half the regular workforce: Exporters to Central Government

ABS News Service/28.03.2020

 

Points Raised by FIEO in the Video Conferencing with the Honble Commerce and Industry Minister on March 27, 2020 at New Delhi

ABS News Service/28.03.2020

 

DPIIT Sets up a Control Room to Monitor the Status of Transportation and Delivery of Goods, Manufacturing, and Delivery of Essential Commodities

ABS News Service/28.03.2020

 

MHA Issues SOPs for Maintaining Supply of Essential Goods during 21-day Nationwide Lockdown to Fight COVID-19

ABS News Service/28.03.2020

 

Extraordinary Virtual G20 Leaders’ Summit

ABS News Service/28.03.2020

 

Govt of India Issues Orders Prescribing Lockdown for Containment of COVID-19 Epidemic in the Country

ABS News Service/25.03.2020

 

WTO Members Asked to Share Information on Trade Measures related to COVID-19 on the lines of H1N1 Flue Break in 2009-10

ABS News Service/25.03.2020

 

COVID-19 Hits WTO Kazakhstan Govt says No to June WTO Ministerial Meet in Astana (Nur-Sultan)

·    Geneva HQ Out of Bounds till April End

ABS News Service/25.03.2020

 

World Port Report after Corona

·    Empty Container Shortages Squeeze Trade

·    Payment Delays and Tight Money Affects Trade

ABS News Service/25.03.2020

 

Tax Filing Dates Extended, Business Rules Eased, ATM, Bank Charges Waived Off in Covid-19 Relief Measures

ABS News Service/24.03.2020

 

Lockdown in India Leads to Lock Out at Ports

·    Closing Ports will Lead to Disaster for India People

ABS News Service/24.03.2020

 

ATF Price Cut by 12 per cent; Petrol, Diesel Prices Untouched

ABS News Service/24.03.2020

 

Bogus Input Tax Credit of around Rs 281 Crores claimed by Moradabad-Meerut- Delhi Axis

ABS News Service/24.03.2020

 

Lockdown on Goods Transport Freezes Movement of Imports and Exports

-Arun Goyal-

·      Shipments Delayed as Buyers Cancel Orders, Payments Crisis Round the Corner

·      The Transport Lockdown Affects Movement to Airports and Ports, Customs Staff in then Attendance, Provisional Clearance for Regular Importers and Exporters must to Clear Bottlenecks and Keep Supply Chains moving

·      District Border Sealed as Police make no Distinction between Goods (Free) and Passengers (Restricted)

·      Incoming and Outgoing International Flights may be Allowed for Goods Transport, regret even Courier Services are Closed Down by the Police

·      No Trade Facilitators Appointed by the States, even Movement of Food Supplies and Essential Medicine Affected

·      Curfews by State Governments Anvil worsen situations

·      Lockdown are based only on Risk Assessment World over, only in India Road and Rail are Totally Closed, Police Check Post have taken over

·      Postponements of all GST and Duty Changes must till Situation Stabilises

ABS News Service/23.03.2020

 

Lok Sabha Passes Finance Bill without Discussion

·   Global Income of NRIs will not be Taxed in India Now

·   TDS on Dividends for Foreign Companies Set at 20%, No Tax for Dividend Already Paid

ABS News Service/23.03.2020

 

ASEAN and Japan FTA under Review

·      Study Finds FTA Utilization in Korea for Steel, Plastics for Singapore and Malaysia for Auto Parts

ABS News Service/20.03.2020

 

Central Govt Implements Kalyani Committee Recommendations for SEZ

ABS News Service/20.03.2020

 

European Commission Delists 14 Establishments and Seafood Consignments for Using Antibiotics

ABS News Service/20.03.2020

 

India Improves Examination Time for Trade Mark and Patent Applications

ABS News Service/20.03.2020

 

WTO Ruling against India

ABS News Service/19.03.2020

 

India under No Obligation to Implement WTO's Dispute Panel Recommendations on Export Schemes: Goyal

ABS News Service/19.03.2020

 

Formulation of the National e-Commerce Policy and the New Industrial Policy under Consideration of the Government

ABS News Service/19.03.2020

 

APEDA signs MoU with Small Farmers Agribusiness Consortium (SFAC)

ABS News Service/19.03.2020

 

Exporters to Gear Up for Difficult Times with Drop in Demand Globally particularly in Advance Economies, says President, FIEO

FIEP Press Release dated 18 March, 2020

 

Exports from India

ABS News Service/19.03.2020

 

Customs Duty on e-transmissions-India, South Africa make New Submission at WTO

ABS News Service/16.03.2020

 

Excise Duty on Petrol, Diesel up by Rs 3 per litre as Oil Prices Decline

·      Special Excise Duty on Petrol Hiked by Rs 2 to Rs 8 per litre and to Rs 4 in case of Diesel

·      Road and Infrastructure Cess on Petrol and Diesel Raised by Rs 1 per litre to Rs 10

ABS News Service/14.03.2020

 

Govt Brings Masks and Hand Sanitizers under the Essential Commodities Act

Press Release dated 13 March 2020

 

Govt Invoke Disaster Management Act to Ensure Prices Regulation and Availability of Surgical and Protective Mask, Hand Sanitizer and Gloves

Press Release dated 13 March 2020

 

Exports Increase 2.9% in Feb, but Outlook Grim on Coronavirus Scare

MoC&I Press Release dated 13.03.2020

 

Modest Growth in Exports Amidst pandemic is Satisfactory, says FIEO President

ABS News Service/14.03.2020

 

DG Azevędo provides Urgent Information to WTO Members on MC12 Date and Venue

ABS News Service/14.03.2020

 

India’s on-Going Trade Negotiations

ABS News Service/14.03.2020

 

Tax on Cotton and Man-Made Fibres

ABS News Service/14.03.2020

 

Cabinet Approves Scheme for “Remission of Duties and Taxes on Exported Products (RoDTEP)” to Boost Exports Scheme for Enhancing Exports to International Markets

·      To make Indian exports cost competitive and create a level playing field for exporters in International market

·      RoDTEP scheme is WTO compliant, will reimburse taxes/duties/levies at the Central, State and Local Level, which are currently not being refunded

·      To give a boost to employment generation in various sectors

·      Items will be shifted in a phased manner from existing scheme MEIS to RoDTEP with proper monitoring & audit mechanism

PIB Press Release dated 13th March 2020

 

Services Trade Growth Weakens as COVID-19 Crisis Hits Global Economy

ABS News Service/13.03.2020

 

Trade Impact of Coronavirus for India estimated at $348 mn: UN Report

ABS News Service

 

INR at All Time Low: Rupee Falls Beyond 74 per US Dollar

ABS News Service/06.03.2020

 

CBDT Issues FAQs on Direct Tax Vivad se Vishwas Scheme, 2020

ABS News Service/06.03.2020

 

Ministry of Shipping Reviews Preparedness against COVID-19 at All Major and Non- Major Ports of the Country

ABS News Service/06.03.2020

 

APEDA Signs MoUs with 13 Clusters for Implementation of Agri Export Policy

ABS News Service/05.03.2020

 

TDS Surveys by Income Tax Department Unearths Defaults in Deduction and Deposit

MoF Press Release dated 4 March 2020

 

Govt Restricts Export of 26 Drug Formulations

ABS News Service/04.03.2020

 

Current Status of Availability of Coronavirus Drugs in India

Press Note dated 3 March 2020

 

DSB Meeting Suspended Over Disagreement between the Philippines and Thailand in Cigarette Dispute

ABS News Service/04.03.2020

 

TBT on Self-drive Cars and Medical Tools at WTO

·    India on the Mat on Food Standards, Liquor Labelling

ABS News Service/03.03.2020

 

Fake Invoicing of Rs.7896 crore for False ITC Credit Involving Network of 23 Shell Companies

·    Two Unnamed Accused Arrested & Remanded to 14 Days Judicial Custody

ABS News Service/03.03.2020

 

Fake Invoices to Claim Input Tax Credit of Goods worth Rs 436 crores Detected

·    Bank Employees said to Partner

ABS News Service/03.03.2020

 

Minister Goyal Convenes Meet on 3 Mar to Deliberate on Corona Disruption of Supply Chain

MoC&I Meeting Notice dated 28h February 2020

 

PIB Press Release on “Two Corona Cases Detected in India”

PIB Press Release

 

New Explosive Detection Device, Developed by DRDO & IISc Bangalore, Unveiled in Pune

ABS News Service/02.03.2020

 

GST Revenue Collection for February, 2020

·      ₹1,05,366 crore Gross GST Revenue Collected in February

ABS News Service/02.03.2020

 

WTO Holds Meet to Prepare for Agri at Nur-Sultan Ministerial

ABS News Service/29.02.2020

 

BIS Issues Standards for Toys

·   Standards to come into effect from 1 Sept 2020

·   Compulsory Apply to All Domestic Goods and Imported Goods, Exports Exempted

MoC&I Order S.O. 853(E) dated 25th February 2020

 

Agencies Start Collecting API Data to Facilitate Imports from China

·   Commerce Ministry Assessing Impact on Pharma Ingredient Supplies from China

ABS News Service/28.02.2020

 

Mundra Port to Gain Access in the Dedicated Freight Corridor from Dadri, JNPT Upset over Delay

ABS News Service/28.02.2020

 

Central Asia, China to Sign WTO Government Procurement Agreement

ABS News Service/28.02.2020

 

India Faces WTO Heat to Exempt Food for Humanitarian Needs from Export Curbs

·   New Delhi has been resisting move as it could compromise food security

ABS News Service/ 27.02.2020

 

Third Anniversary of Trade Facilitation Agreement Sees Increasing Implementation Rate

ABS News Service/25.02.2020

 

MoEF Releases Draft Rules for EPR (Extended Producers Liability) for Battery Scrap over and above the Hazardous Waste Rules, 2008

·   Battery Waste Management Rules, 2020

·   Application

·   Definitions

·    Prohibitions and Labelling Requirement

·   Responsibilities

·   Computerization of Records and Returns

·   Procedure for seeking authorization and registration for handling battery wastes

·   Sch. I – Classification of Batteries

·   Table 2 – Classification of Batteries in-purview of regulations and mandates

·   Sch. III – Targets for extended producer responsibility – Authorisation

Ministry of Environment, Forest and Climate Change Notification dated 20.02.2020

 

Shooters can now keep 12 Additional Weapons as again 7 earlier

·   Amendments in Arms Act, 1959 and Arms Rules, 2016 Notified

Ministry of Home Affairs Press Release dated 24 Feb 2020

 

BIS Standards for 26 New Items Released with effect from 30 Jan 2020

BIS Notification PUB/3/3/2019-20 dated 03.02.2020

 

AEPC says PTA Anti-dumping Duty Hurting Exports of Synthetic Fibre Apparel

ABS News Service/ 21.02.2020

 

India Issues Import Licences for 1.1mn tonnes of RBD from Indonesia, Malaysia Still on Hit List

ABS News Service/ 21.02.2020

 

CGST Wing Detects Input Tax Credit Fraud of more than Rs 214 crores in Delhi, 1 Held

ABS News Service/ 20.02.2020

 

CBIC Prepares to Launch “Faceless e-Assessment” Releases Consultation Paper with 3 Mar 2020 as Last Date

·    “Faceless” Assessment Commissionerates in Different Commodity Groups (Group I to Group VI) to be Set All Over India without Contact with Importer

·    Examination of Goods Duty Payment at Port of Import at Jurisdiction Port

·    Automatic RMS, e-SANCHIT and Turant Systems Provide Support

·   Model Copies Faceless Assessment of Income Returns in Bangalore

ABS News Service/19.02.2020

 

Services Exports from SEZ Shoots Up by 22.6%, Mechandise Share in Total SEZ Exports Falls from 47% to 42%

·   FTWZ Do Well, Diamonds, Leather and Textiles Up

MoC&I Press Release dated 18 February 2020

 

FTA in Foreign Country to be Declared in SB

·   GSTIN must in Export and Import Declaration

·   Origin District Required in Export Declaration

Min of Finance Press Release/17.02.2020

 

Minister Calls for Special Steel Manufacture in Steel Meet

·   More Steel Items in Quality Control Order on the Anvil

ABS News Service/ 18.02.2020

 

Finance Commission Enters Agro Export Promotion from States Scene

·   High Level Commission under ITC Chairman Puri Constituted

ABS News Service/ 18.02.2020

 

Current World Trade Trends Drop by 1.1 percent Point

·   Agro Shipping, Electronic Components Worst Affected

·   Coronavirus will Worsen Trend

ABS News Service/ 18.02.2020

 

Export Fall Once again in Jan, Imports Static but Crude, Capital Goods Rise while Official Gold Falls

MoC&I Press Release dated 14th February 2020

 

WTO Members Prepare to Firm up Legal Text for Fisheries Subsidies Agreement

ABS News Service/ 17.02.2020

 

China Urges WTO Members not to Slap Trade Restrictions on Account of Corona Virus

ABS News Service/ 14.02.2020

 

Aid for Trade Discussed in WTO

ABS News Service/ 14.02.2020

 

SC Stays Order of Raj HC Extension of Deadline for Filing GSTR 9 and GSTR 9C Annual Return, No Later Fees till 12 Feb

ABS News Service/ 13.02.2020

 

Regulation of Check Wrong ITC Credit Issued, says Minister in Reply to Parliament Question in GST Claims

ABS News Service/ 13.02.2020

 

CBIC Destroys Cannabis, Heroin and other Drugs in Eight Centres

MoF Press Release dated 11 Feb 2020

 

States Refuse to Lift Onions Imported by MMTC

ABS News Service/ 13.02.2020

 

Japan Initiates Second WTO Dispute Complaint on Korean Support for Shipbuilders

ABS News Service/ 13.02.2020

 

WTO Members Discuss LDC Technology Transfer, Highlight Progress on Transparency Obligations

·   e-TRIPS Online to Make Submissions by Members Activated

·   Technology transfer to LDCs

·   Notifications and transparency

·   IP and innovation; IP and the public interest

·   Non-violation and situation complaints

·   Cross promotion

·   TRIPS amendment

ABS News Service/ 13.02.2020

 

Anand Mahindra Supports Proposed EU Legislation for Common Charger Across All Devices

ABS News Service/ 13.02.2020

 

FIEO Cries Foul as DGFT Withdraws Additional MEIS from Back Date

·   Complain that No Money Released on Pending Incentive Claims for Nearly One Year

ABS News Service/ 11.02.2020

 

Key Highlights of Economic Survey 2019-20

ABS News Service/ 31.01.2020

 

Thalis are more Affordable for the Common Person Now, Says the Economic Survey

ABS News Service/ 31.01.2020

 

Textile Exporters Bleed as Govt Asks them to Repay Sops Availed

ABS News Service/ 31.01.2020

 

STDF Launches 2020-2024 Strategy for Safe and Inclusive Trade

ABS News Service/ 31.01.2020

 

Just One Out of 4 Assessees Submitted GST Audit Conciliation Report So Far for FY18

·    Last Date for Filing FY Annual Return is January 31

ABS News Service/ 29.01.2020

 

Members Adopt Panel Ruling in Australia-Indonesia Paper Duty Dispute

ABS News Service/ 29.01.2020

 

CBIC Moves Away from President, Awards to Revenue Officers on Republic Day and WCO Day Handed by MoS to 63 Officers Plus One CHA

·   3 DRI Officers in Border Areas Recognized

·   Only 26 Field Officers in 63 Awarded, Balance 37 from DRI or Staff Functions like TRU

ABS News Service/28.01.2020

 

Adani Arm Set to Buy GMR Group’s Greenfield Port/SEZ in Kakinada

ABS News Service/ 23.01.2020

 

JNCH Issues Guidelines on Electronic based E-waste in its Premises as the Bulk Consumer

JNPH Public Notice No. 12/2020 dated 21.01.2020

 

GST Taxpayers can File their GSTR-3B Returns in a Staggered Manner

ABS News Service/ 23.01.2020

 

Potato Cluster Notified under Agri Export Policy

·    APEDA Organizes Awareness Camp for Potato Exports in Agra

·    APEDA Expediting Cluster Development in States

ABS News Service/ 23.01.2020

 

India Achieves Complete Phase Out of One the Most Potent Ozone Depleting Chemical

ABS News Service/ 23.01.2020

 

Central Government Notifies National Startup Advisory Council

·    Commerce & Industry Minster to Chair National Startup Advisory Council

ABS News Service/ 23.01.2020

 

FIEO Seeks Export Development Fund, Double Tax Deduction for MSMEs

ABS News Service/ 23.01.2020

 

As Agreement Deadline Nears, First Set of 2020 Fisheries Subsidies Talks Get under Way

ABS News Service/ 23.01.2020

 

Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu gives TWD 4.5 million for LDCs at Ministerial Conference

ABS News Service/ 23.01.2020

 

APEDA Adds 135 Agri Products Testing Laboratories

·    Recognition of Laboratories Simplified; will boost Agri Exports from States

ABS News Service/ 20.01.2020

 

Commerce Ministry Wants Curbs Imposed on Duty-Free Sale of Alcohol, Tobacco Products

ABS News Service/ 20.01.2020

 

United States Notifies Decision to Appeal Compliance Panel Ruling in Steel Dispute with India

ABS News Service/ 18.01.2020

 

Trump’s Trade Deal with China is Communism with American Characteristics

ABS News Service/ 18.01.2020

 

India Believes in Multilateralism and Strengthening WTO

·    Trade Policies will have to be people Centric– Piyush Goyal

ABS News Service/ 17.01.2020

 

World Bank and Govt of India Sign $88 mn Loan Agreement for Implementation of Assam Inland Water Transport Project

ABS News Service/ 17.01.2020

 

No Imports in ‘Others’ Category without HSN Code

·   New ERA of Quality Production Being Established in India

·   Government to Support Industry to Establish International Quality Standards– Piyush Goyal

ABS News Service/ 16.01.2020

 

FIEO Prez Demands Release of Incentives Claim Pending for more than Five Months as Trade Continues to Shrink

ABS News Service/ 16.01.2020

 

India's Exports Fall for Fifth Straight Month in December

·   Imports Fall 8.83 percent, Trade Deficit Shrinks to $11.25 bn

ABS News Service/ 16.01.2020

 

India’s Foreign Trade: December 2019

MoC&I Press Releasse dated 15 January 2020

 

India-China Trade Dips by Nearly $3 bn in 2019, Deficit Still High at $57 bn

ABS News Service/ 15.01.2020

 

Central Government may Address Inverted Duty Structure, say sources

ABS News Service/ 14.01.2020

 

Revenue Dept Cautions DGFT on ‘Star’ Exporters Getting GST Refunds Using Fake Invoices

ABS News Service/ 06.01.2020

 

Finance Ministry Notifies Norm Limiting ITC to 10% in case of GST Details Mismatch

ABS News Service/ 28.12.2019

 

Steel Ministry Releases 5-Point Plan for Steel Role in $5tn Economy

Ministry of Steel Press Release dated 24.12.2019

 

Tech Limitations cannot be Ground to Deny Input Tax Credit under GST, says Delhi HC

ABS News Service/ 24.12.2019

 

No Denial of Input Tax Credit Due to System Failure

ABS News Service/ 24.12.2019

 

Commerce and Industry Minister Meets Export Promotion Councils and Boards

·   Review of Foreign Trade Policy; Performance of EPCs discussed

·   Rationalization of EPCs Essential, says Piyush Goyal

ABS News Service/ 20.12.2019

 

Commerce and Industry Minister Inaugurates Exports Summit 2019

·   Industry must Reduce Dependence on Imported Goods, says Piyush Goyal

·   To make Industry Competitive and Proactive Government and Industry must work together

ABS News Service/ 19.12.2019

 

Nirmala Sitharaman Holds Pre-Budget Consultation with Finance Ministers of State/UTs

ABS News Service/ 19.12.2019

 

Rs 1550 Crs Food Processing SEZ in Tripura is a First

ABS News Service/ 19.12.2019

 

Budget 2020 – Finance Minister to hold consultations from December 16

ABS News Service/ 17.12.2019

 

The Recycling of Ships Bill, 2019 Becomes an Act after Receiving Assent of President of India

ABS News Service/ 17.12.2019

 

Interim Arrangement to Resolve Global Trade Disputes in the Works

·    European Union Suggests Multi-Party Interim Appeal Arbitration Arrangement

ABS News Service/ 17.12.2019

 

Indonesia Initiates WTO Dispute Complaint against EU Biofuels Measures

ABS News Service/ 17.12.2019

 

Exports Fall Marginally to $25.98 bn in November

ABS News Service/ 14.12.2019

 

Report Shows Trade Restrictions by WTO Members at Historically High Levels

ABS News Service/ 14.12.2019

 

FIEO Launches “2nd LOGIX INDIA 2019” - International Buyer Seller Meet on 12 Dec 2019 at New Delhi

ABS News Service/ 13.12.2019

 

WTO Members Agree to Extend E-commerce, Non-violation Moratoriums

ABS News Service/ 11.12.2019

 

Parliament Passes Ship Recycling Bill

ABS News Service/ 10.12.2019

 

Draft National Logistic Policy

ABS News Service/ 07.12.2019

 

DG Azevędo Urges WTO Members to Find Ways Forward on the Dispute Settlement System

ABS News Service/ 07.12.2019

 

Eighth China Round Table Underlines Contributions of Accessions to WTO Reform

ABS News Service/ 07.12.2019

 

US Blocks Early Decision in Pending Cases before Appellate Body

·      India Appellant is 3 Out of 14 Pending Cases

ABS News Service/ 06.12.2019

 

Kazakhstan Submits Application to Join Government Procurement Pact

ABS News Service/ 04.12.2019

 

WTO Claims 163 Countries Agree to Make Changes in Rules Governing Trade Dispute Resolution

·      New Rules for Appellate Body Appointment Drafted by WTO General Council

·      Decision to be taken in 9 Dec Meeting to Get Appellate Body working again as last but One Member Retires on 11 Dec

ABS News Service/ 02.12.2019

 

Hallmarking of Gold Jewellery & Artefacts will be mandatory across the nation from 15th January, 2020: Ram Vilas Paswan

ABS News Service/ 02.12.2019

 

India Trade Policy Review at WTO in Sept 2020

ABS News Service/ 02.12.2019

 

SAFEGUARD MEASURES

WTO Committee Reviews Record Number of Safeguard Actions

·    A record 45 notifications of safeguard actions taken by WTO members

·    United States Launches 28 Safeguard Investigations

ABS News Service/ 27.11.2019

 

Double Taxation Avoidance Agreement between India and Chile Approved

ABS News Service/ 27.11.2019

 

Cabinet Approves Extension of Norms for Mandatory Packaging of Foodgrains and Sugar in Jute Materials

ABS News Service/ 27.11.2019

 

Appellate Body at WTO may Become Dysfunctional from December 11

ABS News Service/ 25.11.2019

 

Top USTR Team in India to Finalise Mini-Trade Package

ABS News Service/ 25.11.2019

 

Trade Restrictions among G20 Economies Remain at Historic Highs

ABS News Service/ 25.11.2019

 

Monitoring System for Steel Imports

ABS News Service/ 23.11.2019

 

Steel Imports - Japan Flags Concern over Dumping Probe by India at WTO

ABS News Service/ 23.11.2019

 

Members Press EU and UK to Address Concerns of Reduced Market Access following Brexit

·   EU's trade remedies and non-tariff barriers

·   China's restrictions on imported scrap materials

·   Indonesia's trade policies and practices

·   India's quantitative restrictions on imported pulses

·   Progress on beverage taxes and car import measures

·   United States measures on ICT products

ABS News Service/ 23.11.2019

 

TECHNICAL BARRIERS TO TRADE

WTO Members Discuss Product Quality, Safety and Standards, Debate New Trade Concerns

ABS News Service/ 22.11.2019

 

“Electronic Components Trade Falls, WTO Index for Trade in this Segment Falls to 88.2 below Baseline Value of 100”

·    Falling Trend Shows Shrinkage in World Market for Electronics

ABS News Service/ 22.11.2019

 

European Union Initiates WTO Dispute against Colombian Duties on Frozen Fries

ABS News Service/ 22.11.2019

 

Cabinet Approves Taxation Laws (Amendment) Bill, 2019

ABS News Service/ 22.11.2019

 

Cabinet Approves Proposal For enactment of Recycling of Ships Bill, 2019

·    Accession to the Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships, 2009

ABS News Service/ 22.11.2019

 

DGTR Simplifies Process to Protect Domestic Industry from Unfair Trade Practices

·    Two Cases of Bilateral Safeguards Filed this Year

MoC&I Press Release dated 20.11.2019

 

Export-Import of Agricultural Products

ABS News Service/ 22.11.2019

 

Cabinet Clears Bill to Replace Ordinance on Tax Reduction

ABS News Service/ 22.11.2019

 

Tax Exemptions to Indian Exporters

ABS News Service/ 22.11.2019

 

India Appeals Panel Report regarding Export Promotion Measures

ABS News Service/ 20.11.2019

 

India, South Africa Adopt Tough Stand on E-commerce Moratorium

ABS News Service/ 20.11.2019

 

MRPL Makes First Export Shipment of BS-VI-Grade Diesel

ABS News Service/ 20.11.2019

 

Defence Export Policy Opened up, Minister Highlights Past Actions

Min of Defence Press Release dated 18.11.2019

 

India Hosts KPCS (Kimberley Process for Diamond Origin) Plenary 2019 on 18 to 22 Nov’2019

MoC&I Press Release dated 18 November 2019

 

Oct Exports Fall by 1.11 percent, Imports Decline Showing Slow Down in Economy

·    FIEO Complains of Hold up in MEIS Disbursal Drawback too affected as Liquidity Dries up in Government System

·    FIEO Calls for Action on MEIS and Drawback and GST Refund

ABS News Service/16.11.2019

 

BRICS Business Council Created A Roadmap to Achieve $ 500 billion Intra-BRICS Trade Target by the next Summit, says PM Modi

·      PM requests BRICS Countries and NDB to Join Coalition for Disaster Resilient Infrastructure Initiative

·     PM Modi Participates in Leaders Dialogue with BRICS Business Council and New Development Bank

ABS News Service/15.11.2019

 

India to Host the 8th International Conference on Agricultural Statistics in New Delhi from 18 to 21 Nov’2019

·     Union Agriculture Minister Narendra Singh Tomar to inaugurate the event and Bill Gates to be the Chief Guest

ABS News Service/15.11.2019

 

Norms of Aadhaar KYC are Eased, not of the Change of Address in Aadhaar

Ministry of Finance Press Release dated 14.11.2019

 

Racket of Issuance of Fake Invoices Involving GST of Rs 22 crores Busted

Min of Finance Press Release dated 15.11.2019

 

SANITARY AND PHYTOSANITARY MEASURES

SPS Committee Addresses New Trade Concerns, Hears Update on Transparency

ABS News Service/15.11.2019

 

GSTR-9 and GSTR -9C Annual Return Simplified, Many Fields Declared Optional

·    Tax Payers need not give breakup on ITC

·    HSN Level Information to be provided only from Next Financial Year, 2019-20 Onwards

·    Previous Year HSN for 2017-18 and 2018-19 not Required

Ministry of Finance Press Release dated 14.11.2019

 

No Refunds if Claim is not Filed in Time in Appeal

·  Note on CVD Refund – Impact Post ITC Judgement of SC(1)

ABS News Service/12.11.2019

 

Prime Minister to Attend BRICS Summit at Brazil from 13th to 14th November

PMO Press Release dated 11 November 2019

 

Peter Varghese, Former Foreign Secy of Australia Calls India to RCEP

·    Points to Scope in Services and Minerals in India Aussie Relations

ABS News Service/12.11.2019

 

Govt Notifies Steel Scrapping Policy, Mandates Discounts on Junking Old Cars

·      OEMs, dealers to aid the collection of old vehicles, recyclable spares through the take-back scheme, or by setting up scrapping centres or through tie-ups with such facilities

ABS News Service/ 09.11.2019

 

Any ‘Further Decision’ on RCEP can be taken only if other Members Address our Concerns, says MEA

ABS News Service/08.11.2019

 

RCEP Members will Work with India to Sort Its Sensitivities: New Zealand Trade Minister

ABS News Service/08.11.2019

 

WTO Members Review Preferences Granted to LDCs’ Service Suppliers

·    Enhancing LDCs' participation in services trade

·    Improving transparency

·    Concerns about cybersecurity measures

·    Access to markets for foreigners

·    Workshop on financial technology

ABS News Service/ 07.11.2019

 

Azevędo Urges Ministers to Step Up Work on the Road to MC12

Pleads for Continuous Reform, Specific Reform Program not a Good Idea

ABS News Service/ 07.11.2019

 

Khadi Gets Separate Unique HS Code, Export to Get a Boost

ABS News Service/ 07.11.2019

 

Agriculture Ministry Relaxes Fumigation Condition on Imported Onion upto 30 Nov 2019

Min of Agriculture Press Release dated 6 November 2019

 

Cabinet Approves Protocol Amending Double Taxation Avoidance Convention (DTAC) between India and Brazil

ABS News Service/ 07.11.2019

 

Cabinet Approves Special Window for Funding of Stalled Affordable and Middle-Income Housing Projects

ABS News Service/ 07.11.2019

 

India Exploring Trade Agreements with USA & EU

·   FTAs with Japan, Korea & ASEAN being Reviewed

·   No Trade Agreements in a hurry, says Piyush Goyal

MoC&I Press Release dated 5 November 2019

 

No Separate Environmental Clearance Required to Produce Additional Ethanol from B-heavy Molasses, says Javadekar

MoE&F Press Release dated 5 November 2019

 

Pre-import in Advance Authorisation and IGST – Supreme Court to Rule – DRI Complicates Export Promotion

ABS News Service/05.11.2019

 

Agriculture Committee Adopts Report on Implementation of Bali Decision on Tariff Quotas

ABS News Service/05.11.2019

 

India Out of RCEP for the Time Being

ABS News Service/05.11.2019

 

India comes in the Way of Concluding RCEP in Bangkok Meet

·   Final Signing Postponed to Feb 2020

·   India does want Negotiation from 2010 Tariff Rates when Peak Tariff was 10%, after this we raised duties to 20% on some 4000 plus Tariff Lines

·   Transition Period for India should start with Current base Year and not 2010 as Demanded by China

·   US Downgrades Summit, Trump does not come Personally but Deputes Commerce Secy Ross to Substitute

ABS News Service/04.11.2019

 

Prime Minister Participate in East Asia and RCEP Summit in Bangkok

PIB Press Release dated 4th November 2019

 

ATITHI: Mobile App for International Travelers to File the Customs Declaration in Advance of Landing

·   Finance Minister Launches Two New IT Initiatives -ICEDASH & ATITHI for improved Monitoring and Pace of Customs Clearance of Imported goods and facilitating arriving international passengers

·   ICEDASH: Ease of Doing Business monitoring dashboard of the Indian Customs helping public see the daily Customs clearance times of import cargo

PIB Press Release dated 4th November 2019

 

Ease of Doing Business – Manufacturing in BOND, a Substantial Initiative of the Government of India, Trade should make full use of it and benefit, don’t worry, its WTO Compliant

Nishchal Padhya- Foreign Trade Consultant & Managing Director – Siddhartha Logistics FTWZ Pvt. Ltd. Dated 04.11.2019

 

US wants India to Open Up more Sectors for Its Companies

·    New Delhi Asks for Chabahar Port in Iran to be Exempted from Economic Sanctions

·    Oil Supplies from Iran may be Substituted from other Sources

·    India Prepares for G20 Presidency in 2022

ABS News Service/02.11.2019

 

WTO Dispute Settlement Panel Finds Leading Export Promotion Schemes Incompatible with its Rules on Prohibition of Export Subsidies

·      Four Schemes viz. MEIS, EPCG, SEZ/ EOU and DFIA shot down.

·      Only Advance Authorisation (Import before Export) and Duty Drawback remain, along with specific subsidies for particular industries (Transport and Market Assistance for Agro export).

·      120 days’ time granted for withdrawal, 180 days for SEZ.

·      India may appeal; but Appellate body dysfunctional from December 2019.

·      India’s refusal to implement can result in countervailing duty in importing countries. 12 other countries including China, Korea, European Union etc. join disputes as third parties.

USTR Press Release dated 31.10.2019

 

Rs 95,380 crore Gross GST Revenue collected in October

Ministry Finance Press Release dated 01.11.2019

 

Status Report on Implementation of Several Measures Announced by Finance Minister to Boost Economy

Ministry of Finance Press Release dated 31 October 2019

 

Fear-psychosis Around FTAs must be Overcome, says Goyal

·         Govt will weigh all aspects carefully before signing pacts, says Commerce Minister

ABS News Service/ 31.10.2019

 

Japan Tries to Convince China to Relax Demands on India in RCEP Deal

·    Sections of Indian industry, farmers and dairy sector have expressed concerns over the mega trade deal

ABS News Service/ 30.10.2019

 

Commerce Ministry Considers 5-Year Extension of Income Tax Benefits for SEZ Units

ABS News Service/25.10.2019

 

China Submits Revised Offer for Joining Government Procurement Pact

ABS News Service/25.10.2019

 

Members Debate Way Forward on Non-violation Complaints at TRIPS Council

·   Non-violation and situation complaints

·   IP and innovation: public-private collaborations in innovation

·   IP and the public interest: R&D costs and pricing of medicines and health technologies

·   Inclusive approach to transparency and notification requirements

·   Incentives for technology transfer to least-developed countries

ABS News Service/25.10.2019

 

WTO Members Mark Milestone in Implementation of Trade Facilitation Agreement

ABS News Service/25.10.2019

 

Amit Yadav Appointed as New DGFT

No. 36/02/2019-EO(SM-1) dated 23 October 2019

 

Direct Shipment Requirements on Preference Use by LDCs Kills Trade

·   Only Half the LDC Shipments Get the Benefit in Land Locked Countries

·   China Emerges as Biggest Defaulter

ABS News Service/24.10.2019

 

Norway gives NOK 12mn to Help Poorer Countries Take Part in Multilateral Trade Talks

·   Emphasis on Fisheries

ABS News Service/24.10.2019

 

Sitharaman has a Word with US Treasury Secy on Trade Talks

ABS News Service/21.10.2019

 

New Rules of Origin Initiative to Help Firms Better Utilize Trade Preferences

·    Rules of Origin Facilitator provides firms with free access to a unique searchable database on duty savings in trade agreements

ABS News Service/18.10.2019

 

WTO General Council Elects Bakhyt Sultanov of Kazakhstan as Chair for MC12

ABS News Service/18.10.2019

 

Export Shrink 6.57% in Sept 2019, Imports 13.85%

ABS News Service/16.10.2019

 

Facilitators Consult Members on Latest Fisheries Subsidies Proposals

ABS News Service/16.10.2019

 

Power Minister RK Singh Approves Amendments in Electric Vehicle (EV) Charging Guidelines and Specifications

·    ‘Revised Guidelines will Address the Concerns of EV Owners’ says the Minister

·    At least one Charging Station to be available in a grid of 3 Km x 3 Km in the Cities and one Charging Station at every 25 Km on both sides of Highways/Roads

·    All Mega Cities & Expressways Connected to these Mega Cities to be taken up for Coverage in first Phase, other Big cities to be taken up in Second Phase

·    For Inter-city Travel, Fast Charging Station to be Installed at every 100 Kms

·    Bureau of Energy Efficiency (BEE) Nominated as the Central Nodal Agency to Facilitate Installation of Charging Infrastructure

Press Release dated 04.10.2019

 

RCEP in Vietnam for Final Talks

·    Final RCEP Result Due in Two Months

ABS News Service/ 24.09.2019

 

Indonesia Launches Safeguard Investigation on Fabrics, Yarn and Curtains

ABS News Service/ 24.09.2019

 

Income Tax Window for Project Imports @15% Tax with Used Machinery Opens from 1 October 2019

The Taxation Laws (Amendment) Ordinance, 2019 No 15 of 2019 dated 20th September 2019

 

GST Council Decisions on GST Rate on Goods Reduction

·   Changes effective from 1 Oct 2019

Ministry of finance Press Release dated 20 September 2019

 

GST Council Decisions on GST Rate Changes on Services

·   Hospitality and tourism