24 October 2016
|RBI eases norms for foreign investment in startups||
24 October 2016
|India, World Bank sign $650 Million agreement for Eastern Dedicated Freight Corridor||
22 October 2016
Any FVCI, registered with market regulator SEBI, will not require any approval from Reserve Bank of India and can invest in unlisted Indian companies.
It also noted that denial of interconnection by these operators to Reliance Jio appears to be with the ulterior motive to stifle competition and is anti-consumer.
The scheme UDAN envisages providing connectivity to un-served and under-served airports of the country through revival of existing air-strips and airports.
EDFC-III project will benefit industries of Northern and Eastern India, which rely on railway network for transportation of material inputs and exports.
The company was granted a formal licence on 14 October 2016. It was granted licence to market Motor Spirit (petrol) and High Speed Diesel (diesel). With this, BP became the 10th company to enter the lucrative fuel retailing sector.
The GST Council discussed the possible GST rates, including a four-slab structure of 6, 12, 18 and 26 with lower rates for essential items and highest band for luxury goods.
The MoU aims at establishing a cooperation framework in accordance with the national laws and regulations, besides skills transfer and knowledge sharing amongst the signatories.
The administered price of ethanol for the Programme will be 39 rupees per litre for the next sugar season from 1 December 2016 to 30 November 2017.
In the absence of an international arbitration centre in the country, the majority of global disputes earlier landed at the International Arbitration Centre of Singapore and London.
The thrust of the recommendations is to facilitate financial inclusion by ensuring availability of banking services in all centers through low cost delivery channels and mapping the footprints of various banking channels.
The acquisition is in line with ONGC’s stated objective of adding high quality international assets to India's exploration and production portfolio.
PDMC will have PDMC will have only advisory functions to avoid any conflict with the statutory functions of RBI. It will have only advisory functions to avoid any conflict with the statutory functions of RBI.only advisory functions to avoid any conflict with the statutory functions of RBI.
The policy repo rate under the liquidity adjustment facility (LAF) was reduced by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect.
The Members of the Monetary Policy Committee appointed by the Union Government will hold office for a period of four years, with immediate effect or until further orders, whichever is earlier.
In the last one year, the Employees Provident Fund Organisation (EPFO) has invested 6577 crore rupees. The investment yielded a good return of 13.24 per cent.
IT project Saksham will help integrate system of Central Board of Excise and Customs with the GST network before the roll out in April 2017.
This Capital Grant will encourage the supply of eco-friendly fuel at affordable tariffs to industries and will encourage industrial development in these states.
The agreement will stimulate the flow of exchange of information between the two nations for tax purposes which will help curb tax evasion and tax avoidance.
The new policy balances the interests of domestic consumers, producers and processors, and ends the cumbersome licensing system for import of Marble & Travertine blocks.
The HEFA will be jointly promoted by the identified Promoter and the Ministry of Human Resource Development (MHRD) with an authorised capital of 2000 crore rupees. The Government equity will be 1000 crore rupees.
Under the new norms, flexi-funds in each CSS have been increased from the current 10 per cent to 25 percent for states and 30 percent for Union Territories.
e-nivaran was started with an aim to reduce instances of harassment of the public when it comes to complaints related to the Income Tax (IT) department.
Following the cancellation of registration certificate, these companies will not be able to transact the business of a non-banking financial institution as laid down under clause (a) of Section 45-I of the Reserve Bank of India Act, 1934.
The facility available only for confirmed and RAC ticket passengers will not be applicable for children up to 5 years of age and foreign citizens.
CLMV countries namely Cambodia, Laos, Myanmar and Vietnam have a unique position in the regional value chains and offer a gateway for market access to China/EU and other markets due to various trade agreements.
The Union Cabinet on 31 August 2016 approved the proposal for dissolution of Central Inland Water Transport Corporation Limited (CIWTC).
UPI, a product of NPCI, will help move India towards a cashless economy and will allow account holders across banks to send and receive money from their smartphones using virtual payments address without entering bank account details.
All women SHGs will be eligible for interest subvention on credit up to 3 lakh rupees at 7 percent per annum under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission in 250 districts.
With the revision of the treaty now approved by the Cabinet, capital gains will be taxed in India for entities resident in Cyprus, subject to double tax relief.