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

9 hrs ago
Important for Exam: 0 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

1 day ago
Important for Exam: 3 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

2 days ago
Important for Exam: 2 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

2 days ago
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: 6 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: 2 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: 5 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: 6 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: 1 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.

Delhi Budget 2017-18

Mar 9, 2017
Important for Exam: 3 people agreed

Out of the total Budget of Rs 48,000 crore, the AAP government has allocated Rs 11300 crore for education, Rs 5,736 crore for health, Rs 5,506 crore for Transport and Rs 3,467 for Social Security and Welfare.

EPFO extends Digital Life Certificate submission through Jeevan Pramaan Patra by March 31

Mar 9, 2017
Important for Exam: 3 people agreed

The retirement fund body said that in case a member has not been allotted Aadhaar number, a copy of Aadhaar enrolment ID slip is sufficient for settlement of claim under EPS.

Funds transferred from Provident Fund to National Pension System not taxable PFRDA

Mar 8, 2017
Important for Exam: 5 people agreed

The subscriber should approach the recognised provident or superannuation fund trust through the current employer requesting transfer to the NPS account.

China overtakes eurozone as world’s biggest bank system

Mar 8, 2017
Important for Exam: 2 people agreed

The analysis indicates China’s increasing global influence and its reliance on growth driven by debt.

India's accession to the Customs Convention on International Transport of Goods approved

Mar 7, 2017
Important for Exam: 3 people agreed

Accession to the TIR Convention does not result in any direct financial implication for India as it pertains to India's accession to an international convention.

Cabinet approves development of 50 un-served and under-served airstrips

Mar 7, 2017
Important for Exam: 0 people agreed

The approved 50 un-served, under-served airports & airstrips will be revived at an estimated cost of Rs 4500 crore in 3-financial years starting from 2017-18.

Trade Mark Rules 2017 came into effect on 6 March

Mar 7, 2017
Important for Exam: 1 people agreed

The Trade Mark Rules, 2017, which replace the erstwhile Trade Mark Rules 2002, will streamline and simplify the processing of trade mark applications.

GST Council approves the CGST Bill and IGST Bill

Mar 6, 2017
Important for Exam: 2 people agreed

A State-wise single registration will be required for a taxpayer for filing returns, paying taxes and to fulfil other compliance requirements.

Suresh Prabhu launched freight sector initiatives to transform Indian Railways

Mar 3, 2017
Important for Exam: 1 people agreed

On this occasion, the pilot project for green transportation was inaugurated for the National Capital Region to reduce congestion on Delhi roads.

SC appointed SIT detects 70 thousand crore rupees Black Money

Mar 3, 2017
Important for Exam: 8 people agreed

After a high-level meeting of SIT on black money, Justice Arijit Pashayat that SIT is hopeful that the amount will rise substantially further in the coming days.

Union Government notifies Specified Bank Notes (Cessation of Liabilities) Act, 2017

Mar 3, 2017
Important for Exam: 5 people agreed

Section 5 of the Act bars any person from knowingly or voluntarily, holding, transferring or receiving any specified bank note after the expiry of grace period.

CBDT signs 10 unilateral APAs with taxpayers

Mar 1, 2017
Important for Exam: 1 people agreed

In the current financial year, a total of 76 APAs (7 Bilateral APAs and 61 Unilateral APAs) have already been signed by CBDT.

Trump calls for 'merit-based' immigration system in address to Congress

Mar 1, 2017
Important for Exam: 3 people agreed

The President of United States, Donald Trump on 1 March 2017 called for the introduction of a new immigration system based purely on merit.

OECD launched Economic Survey of India 2017

Mar 1, 2017
Important for Exam: 3 people agreed

The survey observed that reaffirmation of fiscal rules and the implementation of inflation targeting have improved predictability of macroeconomic policy and policy outcomes.

CBEC launched a mobile application for Goods and Services Tax

Feb 25, 2017
Important for Exam: 8 people agreed

GST Mobile Application is an initiative of CBEC towards improving ease of doing business and providing outstanding taxpayer services.

Digital payments industry to hit USD500 billion by 2020: Google-BCG study

Feb 23, 2017
Important for Exam: 2 people agreed

The report said that more than 50 per cent of India's Internet users will use digital payments by 2020, when the size of digital payments industry in the country will be 500 billion dollars.

CCEA approved SJVN’s investment proposal in Arun-3 Hydro Electric Project

Feb 22, 2017
Important for Exam: 7 people agreed

The power from the project shall be exported from Dhalkebar in Nepal to Muzaffarpur in India.

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