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As On 19-Aug-2022 15:59 PM
SENSEX
59,646.15
-651.85 (-1.08%)
NIFTY
17,758.45
-198.05 (-1.10%)
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  • ACMA Asks For Upward Revision Of RoDTEP Rates

    Upward Revision of RoDTEP rates: The RoDTEP Scheme (Remission of Duties and Taxes on Export Products) was introduced effective 1st January, 2021, replacing the MEIS scheme (Merc...Upward Revision of RoDTEP rates: The RoDTEP Scheme (Remission of Duties and Taxes on Export Products) was introduced effective 1st January, 2021, replacing the MEIS scheme (Merchandise Exports Incentive Scheme). However, the rates notified for auto components sector at 1% or lower, are inadequate to cover the incidence of unrefunded taxes and duties borne on export products. This is deterring the competitiveness of the Indian Auto Component industry. Investment Allowance: Provision to reintroduce investment allowance at 15% for manufacturing companies that invest more than Rs. 25 crore in plant and machinery. This will motivate manufacturers to invest in new technologies, specifically e-mobility and its components/ ancillaries related plant and machinery. Incentivising R&D Spend: To encourage domestic R&D and testing, it is recommended to retain the weighted tax deduction on R&D expenditure is critical. The 2016-17 Budget reduced weighted deduction benefit from 200% to 150% and has further restricted the deduction to 100% from 1st April 2020.



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Flash News 19-Aug-2022
  •  ( 14:43) Realty stocks edge lower  
  •  ( 14:43) Barometers trade with deep cuts  
  •  ( 10:52) ICRA upgrades credit rating of Greenpanel Industries  
  •  ( 09:23) Wipro bags multi year contract from HM Treasury  
  •  ( 08:48) Asian stocks trading mixed  
  •  ( 08:01) Metropolis Healthcare relieves CEO Vijender Singh  
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19 August 2022 15:57
3482.30
(-1.51 %)
758.90
(-0.79 %)
7301.20
(-2.53 %)
16292.85
(-3.08 %)
732.35
(-0.12 %)
4199.95
(-0.61 %)
2460.85
(-1.45 %)
969.45
(-0.45 %)
1493.45
(-1.19 %)
2633.00
(-1.79 %)
870.35
(-1.66 %)
1062.85
(-3.82 %)
1597.40
(0.93 %)
312.20
(-1.03 %)
1877.35
(-1.40 %)
1935.85
(2.20 %)
1239.15
(-1.75 %)
8777.50
(-1.81 %)
19405.55
(-0.82 %)
157.80
(-1.84 %)
227.75
(-1.49 %)
2613.60
(-1.77 %)
520.40
(-2.25 %)
901.80
(-1.52 %)
110.00
(-2.27 %)
3385.25
(0.12 %)
1103.60
(-0.15 %)
2439.65
(-1.55 %)
6649.95
(-0.79 %)
432.80
(-0.51 %)
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