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CCEA approves Ghatampur Thermal Power Project in Uttar Pradesh

Published on: 21-JUL-2016
Important for Exam: 0 people agreed

The project will be installed through a Joint Venture Company named Neyveli Uttar Pradesh Power Limited, which is formed jointly by Neyveli Lignite Corporation Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited.

CCEA approves construction of new Dry Dock within Cochin Shipyard Limited

Published on: 21-JUL-2016
Important for Exam: 0 people agreed

The project will augment the shipbuilding/ship repair capacity essentially required for tapping the market potential of building specialized and technologically advanced large vessels.

CBDT signs seven Unilateral Advance Pricing Agreements with Indian taxpayers

Published on: 19-JUL-2016
Important for Exam: 0 people agreed

The international transactions covered in these agreements include software development Services, IT enabled Services, Engineering Design Services & Business Support Services.

RBI sets up Sudarshan Sen-headed Inter-regulatory Working Group on Fin Tech and Digital Banking

Published on: 15-JUL-2016
Important for Exam: 4 people agreed

It will view the growing significance of Fin Tech innovations and their interactions with the financial sector as well as the financial sector entities.

Time schedule for making payments under Income Declaration Scheme 2016 revised

Published on: 15-JUL-2016
Important for Exam: 3 people agreed

As per the revised schedule, a minimum amount of 25% of the tax, surcharge & penalty can be paid by 30 November 2016 and further amount of 25 % by 31 March 2017. The balance amount can be paid on or before 30 September 2017.

Union Cabinet approves disinvestment of 15% in NBCC

Published on: 14-JUL-2016
Important for Exam: 2 people agreed

NBCC, a Navratna company, was incorporated with an objective of becoming a leading company in the field of construction, engineering and project management consultancy services.

Union Cabinet approves revival of defunct Fertilizer Units in Gorakhpur, Sindri and Barauni

Published on: 14-JUL-2016
Important for Exam: 0 people agreed

The setting up of new units at Sindri, Gorakhpur and Barauni will help in meeting the growing demand of urea of Bihar, West Bengal and Jharkhand.

CBDT notifies Rules for calculating Fair market value of Assets

Published on: 01-JUL-2016
Important for Exam: 2 people agreed

The Fair Market Value of listed companies will be computed on the basis of a formula taking into account its market capitalisation, book value of liabilities and total number of shares.

Union Cabinet considers Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2016

Published on: 29-JUN-2016
Important for Exam: 2 people agreed

The Model Bill would bring about uniformity in the legislative provisions across the States and Union Territories. It also seeks to facilitate the ease of doing business and generation of employment opportunities across the country.

Union Cabinet approves recommendations of 7th Pay Commission

Published on: 29-JUN-2016
Important for Exam: 9 people agreed

Now, the central government employees and pensioners will get a hike of at least 23.55 percent in their salaries. The rate of annual increment for employees will be 3 percent.

RBI publishes Payment and Settlement Systems in India: Vision-2018

Published on: 28-JUN-2016
Important for Exam: 12 people agreed

Vision-2018 revolve around 5 Cs – coverage, convenience, confidence, convergence and cost, which can be achieved with focus on four strategic initiatives, viz., responsive regulation, robust infrastructure, effective supervision and customer centricity.

Union Cabinet approves largest-ever Spectrum Auction

Published on: 25-JUN-2016
Important for Exam: 8 people agreed

It will put up 700 MHz band, which is used for offering high-speed broadband services, for sale for the first time at a reserve price of 11485 crore rupees per MHz pan-India.

Special package for employment generation and promotion of exports in Textile and Apparel sector approved

Published on: 22-JUN-2016
Important for Exam: 5 people agreed

The package includes a slew of measures which are labour friendly and would promote employment generation, economies of scale and boost exports.

Union Cabinet approved establishment of Fund of Funds for Startups

Published on: 22-JUN-2016
Important for Exam: 4 people agreed

The 10000 crore rupees corpus fund could potentially be the nucleus for catalyzing 60000 crore rupees of equity investment and twice as much debt investment.

IWAI and IPGPL signed MoU on Kaladan Multimodal Transit Transport Project

Published on: 21-JUN-2016
Important for Exam: 2 people agreed

The MoU has been signed for implementation additional works, which are independent of the on-going works, like Container handling facilities at Sittwe & Paletwa.

Union Government introduces Radical changes in FDI Policy regime; Grants 100% FDI in Defence Sector

Published on: 20-JUN-2016
Important for Exam: 17 people agreed

Changes introduced in the policy include increase in sectoral caps, bringing more activities under automatic route and easing of conditionality for foreign investment.

Union Cabinet approved Bill to fast track recovery of bad loans

Published on: 16-JUN-2016
Important for Exam: 5 people agreed

The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016 seeks to improve ease of doing business by fast tracking recovery of bad loans.

Union Cabinet approved merger of SBI with its five subsidiaries

Published on: 16-JUN-2016
Important for Exam: 22 people agreed

Apart from this, the Bharatiya Mahila Bank will also be merged with the SBI and the cabinet had cleared this proposal too.

Union Government launches Scheme for setting up 1000 MW Wind Power Project connected to CTU

Published on: 15-JUN-2016
Important for Exam: 13 people agreed

Solar Energy Corporation of India (SECI) has been designated as nodal agency for implementation of the scheme.

RBI introduces Scheme for Sustainable Structuring of Stressed Assets

Published on: 14-JUN-2016
Important for Exam: 7 people agreed

The guidelines were issued with an aim to further strengthen the lenders’ ability to deal with stressed assets and to put real assets back on track.

NIIF, Qatar Investment Authority signed MoU to facilitate investment in Indian infrastructure sector

Published on: 10-JUN-2016
Important for Exam: 7 people agreed

The objective of the Memorandum of Understanding is to facilitate QIA to study investment opportunities in the infrastructure sector in India.

ADB and Union Government signed Loan Agreement to upgrade 176 Km of roads in Jharkhand

Published on: 07-JUN-2016
Important for Exam: 2 people agreed

It will upgrade existing sections of four State roads to two lane standard and will also support improvements in the design, safety and maintenance of the network.

CCEA approved Minimum Support Prices for Kharif Crops for 2016-17 Season

Published on: 03-JUN-2016
Important for Exam: 8 people agreed

The prices will come into effect from effective from 1 October 2016.  The higher MSPs would increase investment and production through assured remunerative prices to farmers.

Singapore International Arbitration Centre to open Representative Office at GIFT City

Published on: 03-JUN-2016
Important for Exam: 3 people agreed

The representation office will be located in the Gujarat International Finance Tec-City (GIFT City). The center will be instrumental in resolving international commercial disputes.

Cabinet Committee on Economic Affairs approves Mau-Tarighat Railway line project

Published on: 03-JUN-2016
Important for Exam: 13 people agreed

The total length of this new broad gauge line will be 51 kilometers.

Union Cabinet approves setting up of India Post Payments Bank

Published on: 02-JUN-2016
Important for Exam: 6 people agreed

Its services will be available across the country through 650 payments bank branches, linked post offices and alternative channels riding on modern technology.

Index of Industrial Production of Eight Core Industries for April 2016 released

Published on: 01-JUN-2016
Important for Exam: 4 people agreed

The total of Indices of Eight Core Industries stands at 176.4 in April 2016 which is 8.5 percent more than that of April 2015. Its cumulative growth during April to March 2015-16 was 2.7 percent.

Direct Tax Dispute Resolution Scheme 2016 comes into force

Published on: 01-JUN-2016
Important for Exam: 6 people agreed

The declarations under this Scheme may be made on or before the 31 December 2016 in respect of tax arrears & specified tax.

India and World Bank sign agreement to improve efficiency and attractiveness of City Bus Services

Published on: 01-JUN-2016
Important for Exam: 12 people agreed

Demonstration cities where the various initiatives for improving city bus services will be undertaken are Mira Bhayandar in Maharashtra, Chandigarh, Jaipur, and Bhopal.

National GDP Provisional Estimates for 2015-16 released

Published on: 01-JUN-2016
Important for Exam: 34 people agreed

India continued to remain a bright spot in world economy with robust macro-economic and fiscal parameters.

Union Government approves third NIMZ of India in Odisha

Published on: 27-MAY-2016
Important for Exam: 14 people agreed

For execution of the project, 4241 crore rupees have been approved of which 3816 crore rupees will be invested for the first phase of the project which will be completed by 2020.

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