Procurement from Chinese Companies through GeM Portal in India

Information

Procurement from Chinese Companies through GeM Portal in India

GeM (Government e-Marketplace) is a national public procurement platform. This is an online platform designed specifically for the government departments and government companies for any kind of procurement. Government bodies, i.e., Central Government, State Government, Public Sector Undertakings (PSUs) and municipal bodies, are required to place through tender on GeM and all eligible suppliers are free to submit quotations for such tender.

24/10/2023

License required to import Laptops, Personal computer & Tablet| Applicable from 01.11.2023

Information

License required to import Laptops, Personal computer & Tablet| Applicable from 01.11.2023

With intent to promote domestic manufacturing and to improvise security measures, The Government has imposed restriction on import of Laptop, Tablets, All-in-one Personal Computers and ultra small form factor computers and servers (Falling under HSN 8471).

29/08/2023

RBI Norms For Semi-Closed Wallets In India

Information

RBI Norms For Semi-Closed Wallets In India

Concept of Prepaid Payment Instruments (PPIs) or digital wallets or e-wallets (Electronic Wallets) has spread widely in India over the last few years. PPIs or e-wallets are almost used everywhere to procure goods and services and for transfer of funds from one person to another. Accepting payments through digital wallets also accelerates business turnover. To promote a cashless environment, digitalisation and contact less payments, the government is taking all the possible steps to promote PPIs. Various PPIs have been issued so far in India such as Bharatpe, Paytm, UPI, Phonepe etc. and PPIs is issued by both banking and non-banking companies.

21/08/2023

Information

Introduction to Retail Direct Scheme

The retail Direct scheme is a one-stop solution provided to Individual investors to facilitate investment in Government Securities. Under this scheme, Individual Retail investors can open a Gilt Securities Account – “Retail Direct Gilt (RDG)” Account with the RBI.

21/11/2022

7 New Production Linked Incentive (PLI) Scheme | Micro Small and Medium Enterprises (MSMEs) are real beneficiaries

News and Announcements

7 New Production Linked Incentive (PLI) Scheme | Micro Small and Medium Enterprises (MSMEs) are real beneficiaries

On 1st October, The government announced 7 new PLI schemes which are not part of the original program, and these schemes are provided to promote manufacturing in India. As per government officials, the PLI scheme has been very well received.

17/10/2022

Revision in Minimum Wages by the Government of National Capital Territory of Delhi

Labour codes

Revision in Minimum Wages by the Government of National Capital Territory of Delhi

On 11th November 2021, vide F.No.12 (142)/02/MW/VIII/Part file 4456, the Government of National Capital Territory of Delhi had revised the rates of minimum wages which shall be applicable w.e.f 1st October 2021. The revised rates in respect of unskilled, semiskilled, skilled and clerical and supervisory staff categories in all schedules employment.

10/12/2021

RoDTEP

Terms of Issuance of Duty Credit under RoDTEP

Now, vide Notification No. 76/2021-Customs (N.T.) dated 23rd September 2021, the Central Government has provide the manner to issue duty credit for goods exported under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme in accordance with Foreign Trade Policy. Benefit under the scheme shall be granted subject to such restrictions and conditions as specified in this notification.

12/10/2021

FSSAI

Mandatory to mention FSSAI License Number on Invoices/Bills/Receipts etc.

To resolve issue of limit access of FSSAI License number to consumers, Food Safety and Standard Authority of India has made it compulsory to mention 14 digits FSSAI license or registration number on all cash receipts/purchase invoices/cash memo/bills/receipts etc. by all FBOs.

30/09/2021

RoDTEP

Guidelines for Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme

On 17th August, 2021, Ministry of Commerce & Industry provided detailed guidelines of RoDTEP scheme and made necessary modifications in Foreign Trade Policy 2015-2020 with immediate effect.

24/08/2021

FSSAI

Guideline on how to obtain FSSAI Licenses for E-commerce food sellers and operators

The FSSAI guidelines, enlisted in the month of February 2018, made it essential for e-commerce food operator platforms to display FSSAI license or Registration number of the listed business.

25/05/2021

Archives

Procurement from Chinese Companies through GeM Portal in India

License required to import Laptops, Personal computer & Tablet| Applicable from 01.11.2023

RBI Norms For Semi-Closed Wallets In India

Introduction to Retail Direct Scheme

7 New Production Linked Incentive (PLI) Scheme | Micro Small and Medium Enterprises (MSMEs) are real beneficiaries

Revision in Minimum Wages by the Government of National Capital Territory of Delhi

Terms of Issuance of Duty Credit under RoDTEP

Mandatory to mention FSSAI License Number on Invoices/Bills/Receipts etc.

Guidelines for Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme

Guideline on how to obtain FSSAI Licenses for E-commerce food sellers and operators

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