Category: Politics
RBI Launches Regulatory Review Cell to Modernize Financial Regulations, ETCFO
The new Regulatory Review Cell (RRC) set up within the Reserve Bank of India’s Department of Regulation will give a structure to regulatory changes, help quicken the review process and allow financial institutions to flag redundant rules and give feedback on dated regulations, bankers and analysts said. A permanent review mechanism for old regulations will institutionalise […]
‘Reckless’ H1-B fee will have negative impact on IT industry, say US lawmakers and community, ETCFO
New York/Washington, US lawmakers and community leaders voiced concern over US President Donald Trump’s plan to impose a USD 100,000 fee on H-1B visa applications, calling the move “reckless” and “unfortunate” that will have a “huge negative” impact on the IT industry. Trump’s USD 100,000 H-1B visa fee is a “reckless attempt to cut America off […]
Nearly Rs 2 lakh cr will be in people’s hand due to GST reforms: FM Sitharaman, ETCFO
Madurai (Tamil Nadu), Union Finance Minister Nirmala Sitharaman on Friday said with the slew of GST reforms set to come into effect from September 22, a total of Rs 2 lakh crore will be in the hands of the people, boosting domestic consumption. With the simplification of the Goods and Services Tax from the earlier four […]
Piyush Goyal likely to visit Washington soon for trade talks, ETCFO
With the India-US trade talks moving in the right direction, Commerce and Industry Minister Piyush Goyal is expected to visit Washington soon, sources said. The visit comes in the backdrop of recently concluded daylong discussions here between US Chief Negotiator Brendan Lynch and his Indian counterpart Rajesh Agrawal on the proposed bilateral trade agreement. “The commerce […]
Registrars may get power to verify land records before deals, ETCFO
New Delhi: The Centre’s new Registration Bill will allow states to prepare rules for enabling registrars to verify land rights records thoroughly before registration. The step is aimed at curbing fraud in land deals and reducing litigation, Manoj Joshi, land resources secretary, told ET. Extant rules do not require such scrutiny by registrars. The latest proposal […]
Trump to impose $100,000 fee for H-1B worker visas, White House says, ETCFO
Trump imposes $100,000 application fee on H-1B visa By Aditya Soni, Kristina Cooke and Nandita Bose Sept 19 – U.S. President Donald Trump plans to impose a new $100,000 application fee for H-1B worker visas, a White House official said, potentially dealing a big blow to the technology sector that relies heavily on skilled workers from […]
Trump introduces million-dollar ‘Gold Card’ for US permanent residency, ETCFO
Washington, DC [US], September 20 (ANI): The Trump administration has launched a premium immigration programme targeting wealthy individuals worldwide, offering US permanent residency through expensive “Gold Cards” that could generate billions in revenue for the American Treasury. Commerce Secretary Howard Lutnick announced the initiative on Friday, describing it as a fundamental shift in how America approaches […]
Centre to help ITIs become AI-driven training centres: FM Sitharaman, ETCFO
New Delhi, Sep 18 (IANS) The Union government plans to transform Industrial Training Institutes (ITIs) across the country into Artificial Intelligence (AI)-driven training centres, Finance Minister Nirmala Sitharaman said on Thursday. New Delhi, The Union government plans to transform Industrial Training Institutes (ITIs) across the country into Artificial Intelligence (AI)-driven training centres, Finance Minister Nirmala Sitharaman […]
After GST revamp, another critical reform is loading, ETCFO
In a significant step towards next-generation economic reforms, the Indian government is preparing to roll out a comprehensive, integrated electronic database of land records that will clearly delineate ownership rights across both rural and urban areas. This was confirmed by Land Resources Secretary Manoj Joshi in an exclusive interaction with ET. The initiative is being seen […]
EU eyes deeper India partnership despite concerns over Moscow ties, ETCFO
AI generated image. By Philip Blenkinsop BRUSSELS -The European Commission set out plans on Wednesday to deepen cooperation with India in fields such as defence, technology and trade despite tensions over New Delhi’s closer ties to Moscow. The European Union and India are in the final stages of negotiating a free trade agreement both sides aim […]
