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Union Ministry of Corporate Affairs notified the Companies (Amendment) Act, 2014

Published on: 28-MAY-2015
Important for Exam: 1 people agreed

The act received the assent of the President of India in early May 2015.

Union Government approved 21 FDI proposals worth 281 crore rupees

Published on: 26-MAY-2015
Important for Exam: 3 people agreed

These FDI proposals were based on recommendations of the Foreign Investment Promotion Board (FIPB).

Expert committee on Health Insurance recommended changes in disclaimer wordings

Published on: 25-MAY-2015
Important for Exam: 7 people agreed

The committee recommended changing the wording of disclaimer, “Insurance is a subject matter of solicitation”, in all their advertisements to “Before buying, know the conditions and exclusions, to make a well-informed decision.”

Union Cabinet approved revised FDI norms for NRIs, PIOs and OCIs

Published on: 25-MAY-2015
Important for Exam: 8 people agreed

The decisions are expected to result in increased investments leading to economic growth of the country.

Union Cabinet gave its approval for setting up Ammonia-Urea Complex at Namrup in Assam

Published on: 22-MAY-2015
Important for Exam: 9 people agreed

It will be of 8.64 lakh metric tonnes annual capacity and will be operationalised with an investment of 4500 crore rupees.

SEBI notified the Securities and Exchange Board of India (Mutual Funds) Regulations, 2015

Published on: 20-MAY-2015
Important for Exam: 11 people agreed

The rules are aimed at making easier for domestic mutual funds to manage offshore pooled assets.

Union Ministry of Finance released draft outline of Gold Monetization Scheme (GMS)

Published on: 20-MAY-2015
Important for Exam: 7 people agreed

The scheme is intended to mobilize unutilised gold from household and institutions and make them available to gems and jewellary sector.

Union Government sanctioned 30 new cold storage projects

Published on: 19-MAY-2015
Important for Exam: 3 people agreed

These cold storage which will help in reducing the wastage of food will attract an investment of about 400 crore rupees.

Union government allocated 5000 crore for development of AYUSH

Published on: 18-MAY-2015
Important for Exam: 10 people agreed

AYUSH comprises Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy.

RBI allowed Tap And Pay without PIN for transactions up to 2000 rupees

Published on: 15-MAY-2015
Important for Exam: 17 people agreed

RBI decided to relax current guidelines on the needs for additional factor authentication (AFA) for small value card present transactions only using contact-less cards.

CCEA gave its approval for 5% disinvestment in NTPC and 10% in Indian Oil Corporation

Published on: 14-MAY-2015
Important for Exam: 8 people agreed

Disinvestment in these two Maharatna companies will fetch government over 13000 crore rupees at current market price.

Rajya Sabha passed The Companies (Amendment) Bill, 2014

Published on: 14-MAY-2015
Important for Exam: 8 people agreed

The bill seeks to amend the Companies Act, 2013 that came into effect on 1 April 2015 and the amendments are designed to address some issues raised by stakeholders.

Lok Sabha approved Negotiable Instruments (Amendment) Bill, 2015

Published on: 14-MAY-2015
Important for Exam: 9 people agreed

The bill intends to amend the Negotiable Instruments Act, 1881 which fails to specify the territorial jurisdiction of the courts related to the complaints of cheque bounce cases.

RBI released the report titled State Finances: A Study of Budgets of 2014-15

Published on: 13-MAY-2015
Important for Exam: 15 people agreed

The report is an annual publication that provides data, analysis and an assessment of the finances of state governments. It provides the snapshot of the changing dynamics of fiscal federalism over the years.

Moody's released the report Global Macro Outlook: 2015-16

Published on: 13-MAY-2015
Important for Exam: 8 people agreed

India’s GDP will grow at a strong pace of 7.5 percent 2015-16, which is the highest among G20 economies, helped by the reforms drive and lower oil prices.

RBI advised all Public Sector Banks to appoint Internal Ombudsman

Published on: 13-MAY-2015
Important for Exam: 26 people agreed

The internal ombudsman will be a forum available to bank customers for grievance redressal before they can even approach the Banking Ombudsman.

PM Narendra Modi launched Atal Pension Yojana (APY) for unorganised sector workers

Published on: 12-MAY-2015
Important for Exam: 18 people agreed

The scheme is intended to enhance old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS).

PM Narendra Modi launched Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accidental Insurance Cover

Published on: 12-MAY-2015
Important for Exam: 15 people agreed

It is an Accident Insurance Scheme offering death and disability cover on account of an accident.

PM launched Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in Kolkata

Published on: 12-MAY-2015
Important for Exam: 14 people agreed

The scheme is intended to provide for life insurance cover of 2 lakh rupees per annum to the eligible subscribers.

PM inaugurated upgraded IISCO Steel Plant in Burnpur housing largest blast furnace plant of India

Published on: 11-MAY-2015
Important for Exam: 30 people agreed

After modernisation, the plant's production capacity has increased from 0.85 million tonnes per annum (mtpa) to 2.9 mtpa.

Union Government, ADB signed loan agreement worth 31 Million US dollars

Published on: 08-MAY-2015
Important for Exam: 13 people agreed

The agreement will boost water availability in selected river basins in Karnataka and ensure improved water efficiency in irrigation.

Union Cabinet gave nod for revised Double Taxation Avoidance Agreement (DTAA) with South Korea

Published on: 07-MAY-2015
Important for Exam: 7 people agreed

The revision in the 1985 agreement has become necessary in the backdrop of growing investment flows and increased movement of working professionals between the two countries in recent years.

Union Cabinet approved foreign investments into Real Estate Investment Trusts (REITs)

Published on: 07-MAY-2015
Important for Exam: 17 people agreed

The decision allows REITs to access foreign investment inflows into the completed rent yielding real estate projects, which is, as of now, prohibited under the FEMA Regulations.

CCEA approved hike in investment limit for cases requiring prior approval of FIPB

Published on: 07-MAY-2015
Important for Exam: 7 people agreed

The decision to increase the limit up to 3000 crore rupees from the present 2000 crore rupees is aimed at expediting foreign investment clearance process there by increased investment flows into the economy.

CCEA Permitted Central Government agencies to invest beyond 26 percent in Mega Food Parks

Published on: 07-MAY-2015
Important for Exam: 9 people agreed

The new regulation is expected to trigger further investment in the food processing sector and ensure smooth implementation of the scheme particularly projects at initial phases of the implementation.

Lok Sabha passed the Goods and Services Tax Bill, 2014

Published on: 06-MAY-2015
Important for Exam: 47 people agreed

The bill needs to be passed in Rajya Sabha after which more than a half of India's 29 states must approve it before the central and state governments would get equal powers to tax goods and services.

Union Government made PAN mandatory for Central Excise Registration

Published on: 06-MAY-2015
Important for Exam: 9 people agreed

The applicant will have to quote his e-mail address and mobile number in the application form for communication with the department.

DoT extended deadline of full implementation of Mobile Number Portability (MNP) till 3 July 2015

Published on: 02-MAY-2015
Important for Exam: 11 people agreed

The earlier deadline of implementing the Mobile Number Portability was 3 May 2015.

Union finance Ministry exempted MAT for foreign investors

Published on: 01-MAY-2015
Important for Exam: 36 people agreed

However, MAT would not be applicable on sale of units of real estate investment trusts (REITs).

Lok Sabha passed the Finance Bill, 2015

Published on: 01-MAY-2015
Important for Exam: 39 people agreed

The bill deals with the income side (basically tax proposals) of the Union Government for the financial year 2015-16 as proposed in the budget which was introduced in the Parliament on 28 February 2015.

Union Government approved continuation of 1000 rupees Monthly Pension Scheme under EPS

Published on: 30-APR-2015
Important for Exam: 15 people agreed

The move would benefit over 20 lakh pensioners under social security scheme run by Employees Provident Fund Organisation (EPFO).

RBI imposed a fine of 1.5 crore rupees each on three Public Sector Banks for violating KYC norms

Published on: 30-APR-2015
Important for Exam: 25 people agreed

These three PSBs are Bank of Maharashtra, Dena Bank and Oriental Bank of Commerce.

CCEA gave approval for engaging Maharashtra Cotton Growers Federation to undertake MSP operations

Published on: 30-APR-2015
Important for Exam: 3 people agreed

The CCEA also approved additional fiscal allocation under Non-Plan Grant to meet the anticipated losses in disposal of cotton.

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