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Lubrizol partners Prince Pipes for Corzan CPVC material and piping
The collaboration expands the portfolio and offers sustainable products for industrial piping systems in India. Corzan CPVC will be available across India through Prince Pipes and Fittings Ltd starting September 2021.Read more
Two third of rated mid-sized companies fit for restructuring: Crisil
According to Crisil, two thirds of its rated mid-sized companies are eligible for restructuring under 2.0.Read more
India may benefit from G-7 countries’ minimum 15% Corporate Tax Pact
Experts feel that India is likely to benefit from the global minimum 15% corporate tax rate pact inked by the world's richest G-7 nations. It is a landmark step toward reforming the global tax system.Read more
More than 5.5L companies benefit with extension of CFSS and LSS schemes
These schemes provided opportunity to companies to make good of any filing related defaults, regardless of duration of defaults, and make a fresh start as a fully compliant company.Read more
Scrappage Policy proposes setting up of PPP-based registered scrapping centres
The Scrappage Policy announcement is in-line with the government vision to make scrap recycling an organised sector. Ministry of Mines has recently issued National Non-Ferrous Metal Scrap Recycling Framework, 2020 covering key non-ferrous metals like Aluminium, Copper, Zinc and Lead. The framework has been released with an objective to promote formal and well-organised recycling ecosystem, quite similar to the Scrappage Policy.Read more
Stand up India scheme benefited over 1,10,019 beneficiaries
The scheme was aimed to boost MSME sector to kick start more manufacturing to strengthen tier-2 connect.Read more
PLI scheme to benefit Indian MSMEs: PM Narendra Modi
Production worth about $ 520 billion is estimated in the next five years in India only through the Production-Linked Incentives (PLI) scheme with the entire ecosystem associated with the sector benefiting from the scheme, said the Prime MinisterRead more
Budget 2021 aims to rationalise duties; proposes changes to benefit MSMEs
To benefit MSMEs, budget proposes to increase duty on steel screws, plastic builder wares and on certain auto parts. The budget 2021 proposes to review 400 old exemptions in the custom duty structure this year.Read more
Government caps MEIS benefits to Rs 2 crores
The government has announced discontinuation of MEIS as a new WTO-compliant scheme, the Remission of Duties or Taxes On Export Product (RoDTEP) which will replace starting 1 January, 2021. Read more
Escorts Q1 profit up by 5.3 per cent to Rs 92.2 crore
In this prolonged pandemic, the company is finding new ways to connect with its customers to provide uninterrupted service.Read more