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The Punjab government has approved industrial reforms to simplify converting leasehold industrial plots and sheds into freehold. Cabinet Minister Sanjeev Arora said the conversion fee is set at 5 per cent, with a one-time stamp duty exemption for conversions completed by 30 April 2026. Measures also streamline documentation and post-allotment services. The Punjab government cleared a set of industrial reforms that changed how industrial plots and sheds were managed. Cabinet Minister Sanjeev Aro ...Read More >
Chandigarh: The Punjab govt has approved major reforms to its existing policy to streamline the conversion of industrial plots and sheds from leasehold to freehold status, industries minister Sanjeev Arora said on Tuesday.The amended policy fixes the conversion fee at 5% and offers a 100% stamp duty exemption for all conversions completed by April 30, 2026.To expedite the transition, the govt has simplified documentation by replacing notarised affidavits with self-declarations and allowing bank ...Read More >

New Delhi, March 31 (SocialNews.XYZ) The Central Board of Direct Taxes (CBDT) has entered into a record 219 Advance Pricing Agreements (APAs) in FY 2025-26 with Indian taxpayers, taking the total number past the 1,000 mark to an aggregate of 1,034 APAs since the inception of the programme, according to an official statement issued on Tuesday. The figure comprises 750 unilateral APAs (UAPAs) and 284 bilateral APAs (BAPAs). The BAPAs were signed pursuant to entering into mutual agreements with 1 ...Read More >
New Delhi: India and Brazil on Thursday agreed to deepen their economic engagement by expanding the scope of their Preferential Trade Agreement (PTA) under the Mercosur framework. As a part of this effort, the two countries have set a new bilateral trade target of $20 billion by 2030, up from $12 billion in 2024. At the India-Brazil Business Dialogue in New Delhi, Brazil's Vice President and Minister for Development, Industry, Trade & Services, Geraldo Alckmin, said the two nations were "comple ...Read More >
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