New Delhi – The Union Budget 2021-22 proposes to notify rules for removing the hardship of Non-Resident Indians returning to India, on the issue of their accrued incomes in their foreign retirement account. It proposes to make dividend payment to REIT/InvIT exempt from TDS. For Foreign Portfolio Investors, the Budget proposes deduction of tax on dividend income at lower treaty rate. The Budget provides that advanced tax liability on dividend income shall arise only after the declaration or payment of

New Delhi – Prime Minister Narendra Modi spoke to His Excellency Benjamin Netanyahu, Prime Minister of Israel on telephone . Prime Minister conveyed his strong condemnation of the terror attack near the Israeli Embassy in New Delhi on 29 January 2021. He assured Prime Minister Netanyahu that India accords the highest importance to the safety and security of Israeli diplomats and premises, and would deploy all its resources to find and punish the perpetrators. Both leaders expressed satisfaction about the

On 28 January 2021, the statue of Mahatma Gandhi at the Central Park in the City of Davis, California was vandalised by unknown persons. The statue was a gift to the City of Davis by the Government of India in 2016. The Government of India strongly condemns this malicious and despicable act against a universally respected icon of peace and justice. The Embassy of India in Washington D.C. has taken up the matter with the U.S. Department of State for

Growth rate for India in 2021 is projected 11.5 by IMF. With the latest projections, India regains the tag of the fastest developing economies of the world. India actually has taken very decisive action, very decisive steps to deal with the pandemic and to deal with its economic consequences said International Monetary Fund Managing Director Kristalina Georgieva. India’s economy is projected to grow by 6.8 per cent in 2022 and that of China by 5.6 per cent by International Monetary

New Delhi – India has crossed a crucial milestone in its fight against the global pandemic. 9,102 daily new cases were added to the national tally in the last 24 hours after 237 days. The daily new cases were 9,304 on 4th June, 2020. With a sustained, pro-active and calibrated strategy of the Centre based on ‘whole of government’ and ‘whole of society’ approach, the daily new cases have seen a consistent decline. This has ensured a steady fall in

New Delhi – India continues extends a steady shoulder of a friend in need to its partner countries. Morocco,Seychelles,Myanmar and Mauritius received India made COVISHIELD vaccine . Spokesman of Ministry of External Affairs Anurag Srivastava said it will ensure that domestic manufacturers have adequate stocks to meet domestic requirements of covid vaccine while supplying to other countries.India will continue to supply COVID-19 vaccines to partner countries over the coming weeks and months in a phased manner. Many other countries of