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The new limit for carrying currency in cash without declaration on arrival or departure from the country increased from BRL 10,000 (USD 1.900) to USD 10,000.
Finance Ministry issues draft SoP for e-commerce jewellery exports through courier route
08 march 2021 22 february 2021 Lately, the Indian diamond industry, on the whole, had been reeling with the effects of the implementation of GST and demonetization with several diamond polishers losing their jobs. The Indian diamond trade has asked the Government for an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zone (SNZ) in Mumbai; and exemption of two-per cent equalization levy on rough diamond sales. According to industry members, miners could pay a ‘turnover tax’ not exceeding 0.16%, which is the prevailing rate in Belgium. Labourer...
Increased funding to working capital grants program will help prevent bankruptcies - PM Karins 2021-02-18 Photo: Saeima RIGA - Increased funding to the working capital grants program will enable businesses to avoid bankruptcies, Prime Minister Krisjanis Karins (New Unity) said at the government meeting Thursday. The government has endorsed the Economics Ministry's proposal to increase the amount of funds available under the working capital grants program more than fourfold up to EUR 310.8 million. Karins pointed out that his Cabinet is sometimes criticized for not providing sufficient supp...
How can Budget 2021 unleash greater potential for healthcare and pharma sector Similar to the anticipation for the COVID-19 vaccination, the healthcare industry is also looking forward to an incentive booster in the upcoming Union Budget The medical devices sector and pharma sector play an indispensable role in improving healthcare access The Indian healthcare industry has significantly evolved in the last decade. However, healthcare provision still remains inequitable. The basic challenge is accessibility to quality and affordable healthcare in most parts of the country. Further, factors suc...