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    IICA and MCA hold inter-ministerial workshop on ‘Responsible Business Conduct in India’ in partnership with the United Nations Development Program...
    CBDT releases new functionality in AIS for taxpayers to display status of information confirmation process in real-time
    5th Joint Group of Customs (JGC) meeting between India and Bhutan was held on 6th-7th May, 2024 in Leh, Ladakh
    DFS Secretary Dr. Vivek Joshi chairs a half-day workshop with Law Enforcement Agencies (LEAs) and Start-ups and Fintech ecosystem partners
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    May 22, 2024
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    Responsible Business Conduct: inter ministerial mapping and compendium to align policies with business and human rights standards.
    Responsible Business Conduct policy alignment was advanced through an inter ministerial workshop to map ministry policies and schemes against the nine principles of the National Guidelines on Responsible Business Conduct and to produce a compendium of relevant initiatives. The workshop connected administrative levers-including institutional promotion by corporate affairs, social justice schemes for disadvantaged groups, and finance sector measures for transparency and digital traceability-with international frameworks such as the United Nations Guiding Principles on Business and Human Rights and the National Action Plan to inform collaborative, sectoral implementation.
    May 14, 2024
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    Information confirmation status in AIS shows source responses and whether reporting sources must file correction statements.
    The Annual Information Statement now displays the information confirmation status for taxpayer feedback on transactions reported by Tax Deductors/Collectors and Reporting Entities, indicating whether feedback was shared with the Source, the dates of sharing and Source response, and the Source's substantive response, with accepted feedback requiring the Source to file a correction statement.
    May 8, 2024
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    Customs cooperation expanded to include new land crossings, digitised transit procedures and electronic cargo movement for trade facilitation.
    The 5th Joint Group of Customs meeting committed to operational measures to facilitate cross-border trade, including opening new Land Customs Stations and trade routes, developing border infrastructure, automating and digitising transit processes, preventing smuggling, coordinating cross-border management, exchanging pre-arrival customs data, and enabling movement of transit cargo under an electronic cargo system, alongside continued capacity building and training for Bhutan's customs administration.
    May 1, 2024
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    Fintech-law enforcement collaboration to strengthen cybercrime prevention, real-time monitoring, and expedited account freezing for fraud mitigation.
    The workshop set out coordinated public-private measures for combating cybercrime and digital financial frauds, urging Fintech-LEA collaboration, development of an indigenous AML and transaction-monitoring system, and operational steps including appointment of a nodal officer, real-time data monitoring, geotagging of transactions, creation of a suspicious registry, regular digital KYC audits, and protocols for freezing and unfreezing accounts to expedite recovery.

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