MCA issues revised FAQs on Corporate Social Responsibility
Use of corporate innovations and management skills in the delivery of ‘public goods’ is at the core of CSR implementation by the companies. Therefore, CSR should not be interpreted as a source of financing the resource gaps in Government Schemes.
Revised Capital Value Added Property Tax for Visakhapatnam Municipal Corporation
Visakhapatnam Municipal Corporation to implement the Capital Value Added Property Tax as a matter of duty and to reduce the proposed tax on residential buildings from 0.15 percent to 0.12 percent on their capital value, and to impose a tax of 0.30 per cent on residential buildings on their capital value, as well as a tax on vacant land at 0.50 percent.
T.N Government issues timelines for business institutions to avail benefits under welfare schemes
The due date for providing Sanction of individual based subsidy/Interest subvention in case of an Application for New Entrepreneur cum-Enterprise Development shall be 30 days. Disbursement after the issue of valid sanction Scheme (NEEDS) order/letter, subject to the availability of necessary funds shall be completed within 15 days.
CBIC allows import of Soya De-oiled and crushed cakes
Therefore, it is allowed to import 12 lakh metric ton of Soya De-oiled and crushed cake till 31st October 2021 or until further orders. The import is allowed only through INNSAI port or INPTPB port.
Temporary relaxation for restrictions on extension of tea cultivation
The Central Government has suspended the operation of sections 12 to 16, section 39 and section 40 of the Tea Act, 1953 until further order. The provisions that restricted and regulated extension of tea cultivation is thereby suspended.
