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Entertainment, cable, DTH to attract lower taxes under GST

9 hrs ago
Important for Exam: 0 people agreed

Cable TV and Direct-To-Home (DTH) services will attract 18 per cent GST.

PM Narendra Modi calls for creation of Asia-Africa growth corridor for development of Africa

11 hrs ago
Important for Exam: 0 people agreed

The meeting focuses on achieving high 5s–strategy that includes which include agriculture, energy, industrialisation, regional connectivity and improved quality of life.

CBDT signs two Advance Pricing Agreements with Indian taxpayers

14 hrs ago
Important for Exam: 1 people agreed

With the signing of these two APAs, the number of APAs signed in Financial Year 2017-18 is now four.

Petroleum Minister co-chairs India OPEC Institutional Dialogue at Vienna

17 hrs ago
Important for Exam: 0 people agreed

Pradhan said that OPEC should work towards responsible pricing, which is important for India for socio-economic and developmental reasons.

GST Council fixes 4-tier tax slab for services

1 day ago
Important for Exam: 0 people agreed

Education, Healthcare and Third Tier Railway Travel will be exempted from GST.

GST Council announces GST Rates of 1211 items

May 19, 2017
Important for Exam: 0 people agreed

GST Rates of 1211 items were finalised by the GST council with 81 per cent of them facing a levy of up to 18 per cent.

Anti-dumping duty imposed on imports of chemical, aluminium foil from China

May 19, 2017
Important for Exam: 0 people agreed

Anti-duty imposed on aluminium foil is up to $1.63 per and up to $8.71 per kg duty was slapped on imports of amoxicillin, used in pharmaceuticals.

CCEA approves electrified doubling line between Phephana-Indara and Mau-Shahganj in UP

May 18, 2017
Important for Exam: 2 people agreed

The estimated cost of the Project will be Rs 1028.95 crore with expected completion cost of Rs 1190.98 crore.

CCEA approves new Coal Linkage Policy 2017

May 18, 2017
Important for Exam: 2 people agreed

The coal allocation of linkages in future will be transparent and bidding based, barring some exceptions as per Tariff Policy.

CCEA approves restructuring plan for Hindustan Organic Chemicals Ltd

May 18, 2017
Important for Exam: 0 people agreed

The restructuring plan involves closing down the operations of all the non-viable plants at Rasayani unit of HOCL except Di-Nitrogen Tetroxide (N2O4) plant which is to be transferred to ISRO.

Union Government launches Operation Clean Money portal

May 17, 2017
Important for Exam: 0 people agreed

It will enable Transparent Tax Administration by sharing status reports and thematic analysis reports.

Union Government revises Base Year of WPI to 2011-2012 from 2004-05

May 15, 2017
Important for Exam: 9 people agreed

The base year of WPI was revised in order to align it with the base year of other macroeconomic indicators like the Gross Domestic Product (GDP) and Index of Industrial Production (IIP).

India-Chile expanded PTA to come into effect on 16 May

May 15, 2017
Important for Exam: 0 people agreed

The expanded PTA would immensely benefit both sides as a wide array of concessions has been offered by both sides on a number of tariff lines which will facilitate more two-way trade.

IT Department simplifies linking PAN with Aadhaar for taxpayers

May 12, 2017
Important for Exam: 3 people agreed

In a rare case, where Aadhaar name is completely different from name in PAN, then the linking will fail.

RBI tightens JLF rules, directs banks not to break any norms

May 8, 2017
Important for Exam: 11 people agreed

The entire model of JLF is based on the ground of collective action of banks against a borrower for recovery.

President gives assent to ordinance for resolution of non-performing asset crisis in banking system

May 6, 2017
Important for Exam: 31 people agreed

The new ordinance passed by the President Mukherjee will be known as Banking Regulation (Amendment) Ordinance, 2017.

CCEA approves Central Sector Scheme SAMPADA

May 4, 2017
Important for Exam: 11 people agreed

The objective of SAMPADA is to supplement agriculture, modernize processing and decrease agri-waste.

India expected to achieve 7.1% growth in 2017: UN report

May 4, 2017
Important for Exam: 0 people agreed

The report says, “Despite the overall fiscal tightening, capital expenditure under the budget for fiscal year 2017/18 is about 25 per cent higher than that in the preceding budget.

Union Cabinet approves modifications in 7th CPC recommendations

May 4, 2017
Important for Exam: 6 people agreed

The benefit of the proposed modifications will be calculated with effect from 1 January 2016, the date of implementation of 7th CPC recommendations.

Union Cabinet approves issuing ordinance to resolve NPAs of banks

May 4, 2017
Important for Exam: 0 people agreed

The amendment to the existing Banking Regulation Act will empower the RBI to set up panels that will shield bankers from later action by probe agencies looking into loan recasts.

Madhya Pradesh becomes 1st state to shift to January to December financial year

May 3, 2017
Important for Exam: 10 people agreed

Changing the financial year to January-December would mean shifting the tax assessment year, changes in infrastructure, especially at the company level.

RBI issues draft guidelines for Cross Border Mergers & Acquisitions

Apr 27, 2017
Important for Exam: 2 people agreed

The draft regulations will be known as 'Foreign Exchange Management (Cross Border Merger) Regulations'.

India becomes world’s fifth largest military spender

Apr 25, 2017
Important for Exam: 21 people agreed

As per the data of SIPRI, the United States remains the world’s largest military spender.

I-T department launches 2nd phase of Operation Clean Money to probe 60000 people

Apr 15, 2017
Important for Exam: 6 people agreed

All the cases where no response is received shall also be subjected to detailed enquiries.

PM Narendra Modi launches BHIM-Aadhaar Pay app

Apr 14, 2017
Important for Exam: 5 people agreed

To further the digital payments revolution of India, the Prime Minister Narendra Modi launched several crucial initiatives including BHIM-Aadhaaar app.

President Pranab Mukherjee gives assent to four GST related legislations

Apr 14, 2017
Important for Exam: 5 people agreed

In the case of J&K, the law will not be applied due to Article 370 that gives special status to the state. For its inclusion into the new tax regime, the state will have to legislate its own law and integrate with the GST regime.

CCEA approves listing of 11 CPSEs on stock exchanges

Apr 13, 2017
Important for Exam: 1 people agreed

Listing of these CPSEs will foster public accountability and will unlock the true value of these companies.

Petrol, diesel prices to be fixed daily in five cities

Apr 13, 2017
Important for Exam: 2 people agreed

The pilot scheme would be launched in five cities from 1 May 2017, which will be gradually extended all over the country.

CBDT to issue PAN and TAN within 1 day to improve Ease of Doing Business

Apr 12, 2017
Important for Exam: 4 people agreed

Once the data of incorporation is sent to CBDT by MCA, the PAN and TAN will then be issued immediately.

RBI keeps Repo Rate unchanged in its First Bi-Monthly Monetary Policy Statement 2017-18

Apr 10, 2017
Important for Exam: 5 people agreed

The Marginal Standing Facility (MSF) Rate and the Bank Rate were fixed at 6.50 per cent.

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