|RBI releases Third Bi-monthly Monetary Policy Statement 2017-18||03 August 2017|
|PM Modi announces Rs 100cr corpus to study & find permanent solution to flood problem in North-East||02 August 2017|
|Union Government orders LPG prices to be hiked by Rs 4 per month||01 August 2017|
The note has other designs, geometric patterns that align with the overall colour scheme, both at the obverse and reverse sides.
The Union Cabinet has given its approval for raising Extra Budgetary Resources (EBR) of up to Rs 9020 Cr for Long Term Irrigation Fund as per the requirement during 2017-18.
The total food grain production in the country is estimated at 275.68 million tonnes, which is higher by 10.64 million tonnes (4.01%) than the previous record production of food grain achieved during 2013-14.
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Department of Investment and public Asset Management (DIPAM) for revision in the procedure and mechanism for strategic disinvestment.
To ensure the concessional crop loan reaches to genuine farmers, RBI has advised banks to ensure proper documentation including the recording of land details even when the farmer avails gold loans for such purposes.
Volume 2 of the Survey noticed a rekindled optimism on structural reforms in Indian economy riding on various factors such as Positive impacts of demonetization, Launch of the GST among others.
Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it on 10 August 2017; the Lok Sabha has already passed it.
Custodian of securities holds shares and other assets in electronic or physical form.
The economic growth forecast was retained at 7.3 per cent amid prospects of a better harvest even though the industrial sector continues to struggle.
PM Modi has announced Rs 2000 crore as an immediate aid for flood-hit Assam, Arunachal, Nagaland, Manipur and Mizoram.
Earlier, the government asked Indian Oil, Bharat Petroleum and Hindustan Petroleum to raise rates of subsidised domestic LPG by Rs 2 per 14.2-kg cylinder per month.
Tax authorities of the five BRICS nations signed a landmark document, the BRICS Taxation Cooperation Memorandum to establish a mechanism for taxation cooperation.
As per the changes, the investment limit per fiscal year has been increased to 4 kilogramme for individuals, 4 kilogramme for Hindu Undivided Family and 20 kilogramme for Trusts and similar entities notified by the Government from time to time.
It empowers RBI to issue other directions for resolution, appoint or approve authorities or committees to advise the banking companies for stressed asset resolution.
The Scheme can be purchased offline as well as online through Life Insurance Corporation of India which has been given the sole privilege to operate this scheme.
The NTFAP aims to improve ease of doing business by improving investment climate through better infrastructure and doing away glitches that trouble businesses to perform well.
The cess was increased to make the total tax incidence on cigarettes in GST regime at par with the total tax incidence in pre-GST regime.
India’s first 1600 HP solar-powered DEMU train was launched from Safdarjung railway station. It will run from Sarai Rohilla in Delhi to Farukh Nagar in Haryana.
The Directorate General of Analytics and Risk Management will function under the Central Board of Excise and Customs (CBEC) for data analytics and risk management.
Denying the reports that GST@18% is levied on fees being charged for lodging hostels, the finance ministry said that there is no change in tax liability relating to education and related services in the GST era, except the reduction in tax rate on certain items of education.
TISC offers several services like access to online patent and non-patent resources and assistance in searching and retrieving technology information among others.
While launching the Aaykar Setu, Arun Jaitley stated that this e-initiative would help in reducing physical interface between assesses and tax assessing authorities and thereby minimizing the chances of any tax harassment.
The aviation industry had been asking for relief as it was facing a dual levy of 5 per cent at the time of import and another 5 per cent at the time of payment of lease rent.
The Legal Metrology (Packaged Commodities) Rules, 2011 was amended to make manufacturers to sell a packaged product at same price across all platforms.
Before, only State Bank of India was authorised to collect contributions from employers and make payment to employees.
The Registered Brand Name is defined as the brand name or trade name, which is registered under the Trade Marks Act, 1999.
The manufacturers, traders and importers have been given a time till 30 September 2017 to sell out the pre-GST goods, i.e., stock lying with them prior to 1 July 2017.
Products to be made available at 5% concessional GST rates includes Braille writers and braille writing instruments & Optical, Environmental Sensors among others.
In Goa, the Office of the Commissioner of Commercial Taxes has set up GST facilitation centres in ward offices across the state and at the department’s head office in Panaji.
The Syrian Central Bank has put into circulation a new 2,000 Syrian Lira ($3.9) banknote with the face of country’s current President Bashar Assad.