DAC Approves Procurement of Equipment Worth Rs 9,100 Crores 

The defence ministry on Tuesday accorded approval for procurement of military equipment and weapons worth Rs 9100 crore, officials said.

The procurement will include two regiments of Aakash missile systems, they said.

No Withholding Tax On Interest Payment Of Masala Bonds 

The Central Board of Direct Taxes (CBDT) announced that no withholding tax will apply on interest payments made by an Indian company or a business trust to a non-resident in respect of offshore rupee-denominated bonds issued between September 17, 2018 and March 31, 2019.