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India becomes world’s fifth largest military spender

11 hrs ago
Important for Exam: 4 people agreed

As per the data of SIPRI, the United States remains the world’s largest military spender.

I-T department launches 2nd phase of Operation Clean Money to probe 60000 people

Apr 15, 2017
Important for Exam: 5 people agreed

All the cases where no response is received shall also be subjected to detailed enquiries.

PM Narendra Modi launches BHIM-Aadhaar Pay app

Apr 14, 2017
Important for Exam: 3 people agreed

To further the digital payments revolution of India, the Prime Minister Narendra Modi launched several crucial initiatives including BHIM-Aadhaaar app.

President Pranab Mukherjee gives assent to four GST related legislations

Apr 14, 2017
Important for Exam: 3 people agreed

In the case of J&K, the law will not be applied due to Article 370 that gives special status to the state. For its inclusion into the new tax regime, the state will have to legislate its own law and integrate with the GST regime.

CCEA approves listing of 11 CPSEs on stock exchanges

Apr 13, 2017
Important for Exam: 0 people agreed

Listing of these CPSEs will foster public accountability and will unlock the true value of these companies.

Petrol, diesel prices to be fixed daily in five cities

Apr 13, 2017
Important for Exam: 0 people agreed

The pilot scheme would be launched in five cities from 1 May 2017, which will be gradually extended all over the country.

CBDT to issue PAN and TAN within 1 day to improve Ease of Doing Business

Apr 12, 2017
Important for Exam: 1 people agreed

Once the data of incorporation is sent to CBDT by MCA, the PAN and TAN will then be issued immediately.

RBI keeps Repo Rate unchanged in its First Bi-Monthly Monetary Policy Statement 2017-18

Apr 10, 2017
Important for Exam: 2 people agreed

The Marginal Standing Facility (MSF) Rate and the Bank Rate were fixed at 6.50 per cent.

Fake house rent receipts may not work anymore to lower tax burden

Apr 6, 2017
Important for Exam: 0 people agreed

In the recent past, the ITAT Mumbai had struck down the HRA exemption claim of a salaried individual for rent paid to her mother.

Education, healthcare to stay out of GST ambit

Apr 4, 2017
Important for Exam: 3 people agreed

Revenue Secretary Hasmukh Adhia said the approach of the GST would be to avoid any shock in first year and thus the rate will be decided after a review in second or third year.

Five associate banks, Bharatiya Mahila Bank merged with SBI

Apr 3, 2017
Important for Exam: 4 people agreed

With this merger, SBI will join the league of top 50 banks globally in terms of assets.

Tax evasion over Rs 5 crore will be non-bailable offence under new GST regime

Apr 3, 2017
Important for Exam: 2 people agreed

During the arrest for a cognizable offence, the person should be informed in writing about the grounds of his arrest and he/she must be produced before a magistrate within 24 hours of his arrest.

Cabinet approved signing of Agreement for establishment CIRDAP Centre

Apr 3, 2017
Important for Exam: 9 people agreed

A Cabinet meeting chaired by PM Narendra Modi approved the signing of an agreement for the establishment of Centre on Integrated Rural Development for Asia and the Pacific in Hyderabad.

India signs loan agreement with NDB for development of roads project in Madhya Pradesh

Mar 31, 2017
Important for Exam: 5 people agreed

Madhya Pradesh Government and the Madhya Pradesh Road Development Corporation (MPRDC) are the implementing agencies of the project.

Lok Sabha passes four GST Bills

Mar 30, 2017
Important for Exam: 56 people agreed

It empowers the centre to impose an additional tax of up to 1 per cent on the inter-state supply of goods for two years or more.

Union Government sanctioned 101 Integrated Cold Chain Projects

Mar 28, 2017
Important for Exam: 9 people agreed

These new projects will lead to the reduction in wastage in agri supply chains and will create huge employment opportunities.

Cabinet Committee on Economic Affairs approved winding up of CHBL & ICBL

Mar 26, 2017
Important for Exam: 1 people agreed

The approval was given at a meeting of the CCEA, chaired by the Prime Minister Narendra Modi, in New Delhi.

Union Cabinet approved amendments to existing Acts to facilitate implementation of GST

Mar 25, 2017
Important for Exam: 2 people agreed

This approval paves the way for the roll out of the Goods and Services Tax (GST) on 1 July 2017.

CCEA approved North East Road Network Connectivity Project Phase I

Mar 24, 2017
Important for Exam: 5 people agreed

The execution of the Phase I of the North East Road Network Connectivity Project will give a boost to the socio-economic development of Meghalaya and Mizoram.

Union Cabinet approves proposal to establish a Fund of Funds for Start-ups

Mar 23, 2017
Important for Exam: 5 people agreed

The Union Cabinet in 2016 approved the proposal to establish a Fund of Funds for Start-ups (FFS) with a total corpus of Rs 10000 crore.

CCEA approves Policy for extension of oilfield contracts

Mar 23, 2017
Important for Exam: 2 people agreed

It will enable the contractors to extract not only the remaining reserves but also the additional reserves by implementing new technologies.

Bharatiya Mahila Bank to be merged with State Bank of India

Mar 21, 2017
Important for Exam: 9 people agreed

After associate banks, the Union Government has decided to merge Bharatiya Mahila Bank with State Bank of India.

Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017

Mar 21, 2017
Important for Exam: 7 people agreed

The branches of all five associate banks of SBI will begin functioning as branches of SBI from 1 April 2017. They are merging with parent SBI.

Union Cabinet approved four GST related Bills

Mar 20, 2017
Important for Exam: 6 people agreed

The approval paves the way for the roll-out of the Goods and Services Tax (GST) on 1 July 2017.

G20 meet of finance ministers and central bank governors to begin in Germany

Mar 17, 2017
Important for Exam: 6 people agreed

The G20 finance ministers and chiefs of the central bank are scheduled to meet from 17 to 18 March in Germany to mainly discuss strengthening of global economic resilience in finance and digitalisation and to promote free trade.

World Bank Board approves USD 175 million National Hydrology Project of India

Mar 17, 2017
Important for Exam: 7 people agreed

This loan from the International Bank for Reconstruction and Development (IBRD) of World Bank will have a 6-year grace period and a maturity of 23 years.

CCEA approves setting up of 50 new Kendriya Vidyalayas

Mar 16, 2017
Important for Exam: 4 people agreed

New KVs will be opened from classes I to V for which 650 regular posts shall be created in all 50 Kendriya Vidyalayas.

Sale of 24% equity in Lubrizol India by Indian Oil to Lubrizol Corporation, USA approved

Mar 16, 2017
Important for Exam: 2 people agreed

The sale will help the LIPL to have access to the latest global additive technologies developed by the Lubrizol Corporation, USA.

Centre to Launch Pilot Project on Ornamental Fisheries

Mar 10, 2017
Important for Exam: 0 people agreed

The pilot project on ornamental fisheries will be implemented by National Fisheries Development Board through the Fisheries departments of states and union territories.

IDFC Bank launches Aadhaar Payment App

Mar 9, 2017
Important for Exam: 5 people agreed

To get the app, the merchants are required to visit the nearest branch of IDFC bank.

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