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Tags : "incentives"

Andhra announces new industrial policy with key fiscal incentives, also

HYDERABAD: Andhra Pradesh on Monday announced a new industrial development policy which seeks to offer fiscal incentives and interventions across infrastructure, ease of doing business, skill development, and business enablement, apart from setting up a multi-faceted capability center to offer support services to the units. In a statement, the government said the new multi-faceted capability […]Read More

Blocking of online system for tax incentives under MEIS to

New Delhi: Blocking of the online system for exporters to apply for tax incentives under the export incentive scheme MEIS has created an “extremely precarious situation” for aluminium exports, the Aluminium Association of India (AAI) said on Wednesday. The move will further render exports vulnerable and uncompetitive, the industry body added. The commerce ministry has […]Read More

Government extends validity of scrips under export incentives schemes for

NEW DELHI: The government on Monday extended the validity of scrips or certificates, provided under export incentive schemes, which are expiring between March 1 and June 30 this year till September 30. The Foreign Trade Policy (FTP) provides tax incentives for goods and services under the Merchandise Exports from India Scheme (MEIS) and Services Exports […]Read More

Amazon to end $2 per hour pandemic pay raise, OT

Amazon says it will be ending its pandemic-related pay incentives for workers in its Canadian warehouses at the end of the month. Company spokesperson Kelly Cheeseman confirmed Saturday the online retail giant will stop paying employees the extra $2 per hour and double overtime incentives they had been receiving since the COVID-19 pandemic began. Amazon’s […]Read More

Govt Incentives to help MSMEs, says Dye Chem Industries chief

Mumbai: The government’s incentives for the medium and small scale industries will be considerably helpful in helping them out of the Covid-19 crisis, said an industry executive. But specific sectors need more handholding and customised measures to turn around in the next six to nine months. “We have faced losses. Exports have dried up. We […]Read More

Incentives can be given to exporters, but they have to

New Delhi: Incentives can be given to exporters, but they have to be justified, reasonable and compliant with global trade rules, Commerce and Industry Minister Piyush Goyal said on Wednesday. He was interacting with representatives of different export promotion councils, including apparel, leather, gems and jewellery, pharma and engineering – through video conferencing. The minister […]Read More

Infosys closes Simplus acquisition

Infosys said it closed its $250 million acquisition of Salesforce platinum partner Simplus. The Bengaluru-headquartered IT services company announced the deal in February. Infosys made a previous Salesforce acquisition Fluido in 2018. Simplus has over 500 employees and offices in North America, Sydney, Melbourne, London and a delivery centre in Manila. The company had about […]Read More