Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The government has classified bookkeeping, accounting, taxation, and financial crime compliance services as financial services under the International Financial Services Centres Authority Act of 2019. According to a notification dated January 18, these services qualify as financial services when offered by units in an International Financial Service Centre regulated by IFSCA to non-residents, provided that the businesses are not formed through the restructuring of an existing business in India. Additionally, these units should not provide financial services by transferring or receiving contracts from their group entities in India. Financial crime compliance services, as mentioned in the notification, encompass activities related to adhering to Anti-Money Laundering norms, Countering the Financing of Terrorism measures, and Financial Action Task Force recommendations.
Also Read : Businesses Rush to Meet 31st March GST & MSME Deadlines Trump's 50% tariff on Steel & Aluminium could hurt India's engineering goods exports: EEPC India
The 63rd Central Geological Programming Board (CGPB) meeting, organised by the Geological Survey of...
Press Releases 20-Jan-2024
· Govt reportedly evaluating merger of SAIL, NMDC with debt-laden RINL. · ...
Announcement 07-Apr-2025
REC Limited recently disclosed its financial performance for the quarter and nine months ending Dece...
Press Releases 23-Jan-2024
India has no restrictions on importing electric vehicles from any country, including China, under a...
Notification 02-Apr-2024
✅ New policy mandates domestic steel use in govt procurement contracts.✅ Supports "Atmanirbhar Bha...
Announcement 03-Apr-2025
India's fuel usage is predicted to go up by 2.7% in the upcoming fiscal year starting April 1, as pe...
Notification 25-Jan-2024