The Union Cabinet on Tuesday gave its ex post facto approval to the changes to the Finance Bill, 2021 which try to create timely earnings to its government and supply fairness and inclusiveness to taxpayers. The Cabinet gave its nod into your Memorandum of Understanding between India and also Bangladesh- authorized on March 27- to install an frame of collaboration in the region of trade healing measures and dissuade unfair trade practices.

“The main objective of this MoU will be to promote collaboration between both countries within the region of Trade Remedies, since the extensive activities associated with change of advice, project capacity building tasks and tasks relative to several requirements of World Trade Organization from the locale of anti-dumping, countervailing and safeguard measures in bilateral commerce between India and also Bangladesh,” the federal government said in a statement.

The Cabinet also approved a Mutual Recognition Agreement involving your Institute of Chartered Accountants of India (ICAI) and Chartered Accountants Australia and New Zealand, which could lead to greater job opportunities for Indian CAs and greater remittances back again to India.

“The MoU provides for reciprocal understanding of eligibility of all members of additional human body, who’ve achieved registration by completing the exam, professional program and also working experience membership demands of both parties,” the federal government said.

The ICAI and also CA ANZ try to set a mutual co operation frame for its advancement of accounting knowledge, intellectual and professional development over the three nations.