Finex

21/06/2024

New lows showing growing import dependency of India

he rupee fell 4 paise to 83.48 against the US dollar due to firm American currency and an upward trend in crude oil prices overseas

https://www.hindustantimes.com/business/rupee-hits-record-low-against-us-dollar-weakens-past-8358-101718874085360.html?telegram

18/06/2024

Filing of return by 15th July is mandatory for all subsidiaries of foreign companies and Indian companies having Foreign subsidiaries.

16/06/2024

Compliance under the law is mandatory for all hiring more than 30 people

The Apprentice Act in India, enacted in 1961, stands as a cornerstone in the evolution of the country's vocational education and skill development framework. Conceptualized with the primary aim of bridging the gap between theoretical education and practical training, the Act facilitates the creation...

15/06/2024

in India is a milestone step. The Rules are similar to and thus, the businesses needs to review their existing to accomodates changes pursuant to the changes in the law.

The government is also working on building a digital platform through which the DPDPA will be fully implemented

15/06/2024

number is very important under for to enable self certification of

The Registered Exporter (REX) system represents a significant advancement in the international trade landscape, designed to streamline the process of certifying the country of origin for goods. Established by the European Union (EU), the REX system was officially introduced on January 1, 2017, to re...

13/06/2024

AEO scheme under customs is one of the best way for importers and exporters to reduce compliance burdens by improving custom clearances.

The concept of Authorized Economic Operator (AEO) status has become a cornerstone of modern global trade. Introduced by the World Customs Organization (WCO) as part of its SAFE Framework of Standards, the AEO program aims to enhance the security and efficiency of international supply chains. AEO sta...

13/06/2024

pose significant threat of Read our article on the machine processing rights to know more

The rapid advancement of generative AI technologies has sparked significant debate over the need for stronger intellectual property (IP) laws to ensure that the rights of original creators are adequately protected. This is particularly due to the ability of the machine to process humungous data to g...

13/06/2024

File your FLA return by 15th July to avoid non compliance

The Reserve Bank of India (RBI) mandates that all eligible entities file the Return of Foreign Liabilities and Assets (FLA) through the Foreign Liabilities and Assets Information Reporting (FLAIR) portal. The deadline for submission of the FLA return for the financial year ending 31st March 2024 is....