IGST rate for re-import of goods sent abroad for repairs
It is clarified that re-import of goods sent abroad for repairs attracts IGST on a value equal to the repair value, insurance and freight and not on the entire value of goods imported.
Relaxations on Children Education Allowance(CEA) to Central Government employees
The Central Government employees can submit CEA claims through a self-certification or printout of e-mail/ SMS of result/ report card/ fee payment, in addition to the existing modes of claims for academic years ending March 2020 and March 2021.
The Karnataka Contingency Fund (Amendment) Ordinance, 2021
The ordinance provides an increase in the Karnataka Contingency Fund to a total sum of one thousand five hundred crores from five hundred crores.
IBBI has specified the format of CIRP 8 under IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The Resolution Professional is duty-bound to find out if a corporate debtor has been subject to avoidance transactions, namely, preferential transactions, undervalued transactions, extortionate credit transactions, fraudulent trading and wrongful trading, and file applications with the Adjudicating Authority seeking appropriate relief.
Initiatives undertaken by the central government for the Food Processing industry.
MoFPI provides credit linked financial assistance (capital subsidy) in the form of grants-in-aid to entrepreneurs for setting up of food processing / preservation industries with farm level infrastructure like primary processing facilities, collection centers etc.
Initiatives taken by the Health Ministry to Promote Indian Health care industry.
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is a centrally sponsored scheme and it is an entitlement-based scheme. It provides financial risk protection against catastrophic health expenditure that impoverishes an estimated 6 crore people every year.
Stand Up India Scheme extended up to the year 2025.
The objective of the Stand Up India Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh and Rs.1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower per bank branch for setting up a green field enterprise in manufacturing, services or trading sector.
