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Regional Air Connectivity- UDAN: CCEA approves revival of un-served and under-served air strips

Mar 8, 2019
The revival of these un-served and under-served air strips will be carried out at the total cost of Rs 4500 crore with the budgetary support of the Union Government under the Regional Connectivity Scheme (RCS) - UDAN (Ude Desh ka Aam Naagrik).

NABL launches quality assurance scheme for basic composite medical laboratories

Mar 7, 2019
NABL has launched a new quality assurance scheme for sensitising small laboratories to basic doable quality practices. The scheme will help to bring quality at the grass root level of India’s health system where laboratories follow the imperatives of quality in all their processes.

Cabinet approves new measures to promote Hydro Power Sector

Mar 7, 2019
The Union Cabinet has approved measures to promote the Hydro Power Sector, which include declaring large hydropower projects as a renewable energy source. As per the existing practice, only hydropower projects less than 25MW are categorized as a renewable energy source.

India, World Bank sign $250 million agreement to boost rural income

Mar 6, 2019
The Indian Government has signed a $250 million loan agreement with the World Bank for the National Rural Economic Transformation Project that aims to promote women-owned and women-led farm and non-farm enterprises across value chains.

India, Brunei sign pact on exchange of tax information

Mar 3, 2019
The Union Government and Brunei have signed an agreement for the Exchange of Information and Assistance in Collection with respect to Taxes in New Delhi on February 28. The agreement provides for mutual assistance in collection of tax revenue claims between both countries.

Textiles Minister launches scheme for development of knitwear sector

Mar 2, 2019
The Union Ministry of Textiles has launched a comprehensive scheme for the development of knitting and knitwear sector under PowerTex India in New Delhi. Knitting is a major segment in the entire textile value chain.

Centre, ADB sign 926 million dollar loan agreement to operationalise two lines of Mumbai Metro

Mar 2, 2019
The Union Government has signed a 926 million dollar loan agreement to operationalise two of the Mumbai Metro Rail System. The move will ease the distress of millions of commuters each day and help provide a cleaner and less congested city.

CCEA approves financial support for non-communicable diseases, e-Health

Mar 1, 2019
The Cabinet Committee on Economic Affairs has approved the continuation of the implementation of the Tertiary healthcare programmes for non-communicable diseases and E-Health up to 2020 with an outlay of Rs 2551.15 crore.

Afghanistan begins export to India through Chabahar port

Feb 26, 2019
Afghanistan has begun exporting goods to India for the first time through Iran’s Chabahar port, bypassing the Pakistan route. Twenty-three trucks carrying 570 tonnes of dried fruits, textiles, carpets and mineral products were dispatched from the western Afghan city of Zaranj to Chabahar in Iran.

GST Council reduces GST Rate on Real Estate projects; approves 5% rate for under-construction houses

Feb 25, 2019
The GST Council undertook such decisions after considering that the Real Estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of people.

Relief for Angel Investors, Government clears proposal to encourage investments in Start-Ups; hikes tax exemption cap

Feb 20, 2019
The Section 56(2)(viib) of the Income Tax Act provides that the amount raised by a start-up in excess of its fair market value would be deemed as income from other sources like angel investors and would be taxed at 30 percent. This section was introduced in 2012 and the tax was named as the ‘Angel Tax’.

Anoop Satpathy-led Expert Committee submits report; recommends National Minimum Wage at Rs 375 per day

Feb 16, 2019
It recommended the fixation of need based National Minimum Wage for India at Rs 375 per day or Rs 9,750 per month irrespective of sectors, skills, occupations and rural-urban locations for a family comprising of 3.6 consumption units.

RBI penalises seven banks for violating various norms

Feb 13, 2019
Earlier in January 2019, the apex bank had imposed monetary penalty on Axis Bank, Syndicate Bank, and UCO Bank for their non-compliance with directions contained in circulars of the RBI.

NITI Aayog signs agreement to document systemic transformation in education

Feb 13, 2019
The NITI Aayog has signed a Statement of Intent with the Michael & Susan Dell Foundation to codify, document and share best practices to improve learning outcomes in public school education through systemic reforms, based on their collective experiences of working with various state governments in India.

Textiles Ministry to organise outreach programme for stakeholders

Feb 12, 2019
The Union Ministry of Textiles would be organising an outreach programme for textiles sector MSMEs in New Delhi to hold interactions with the stakeholders to help them avail the support and outreach for 100 days programme announced by the Prime Minister.

UK government approves Vijay Mallya's extradition order

Feb 5, 2019
UK Home Secretary Sajid Javid has signed the order to extradite Indian business tycoon and liquor baron Vijay Mallya from the United Kingdom to India. Mallya now has a 14-day window to appeal against the order to a higher court.

Interim Budget 2019: How Income Tax slabs have changed since 2014?

Feb 5, 2019
As per the Interim Budget, the direct tax collection has increased substantially. The number of returns filed have increased from 3.79 crore to 6.85 crore, showing 80 percent growth in tax base since four years.

Budget 2019: List of all Schemes

Feb 4, 2019
The Union Minister Piyush Goyal announced various schemes in the Interim Union Budget 2019-20 on February 1, 2019. These Budget schemes have been announced with the objective to uplift the poor, women and farmers.

Union Budget 2019: Major Highlights; Finance Minister Piyush Goyal presents Interim Budget 2019-20

Feb 4, 2019
Considering that the declining prices of agricultural commodities and food inflation led to reduced returns for farmers, the Government felt the need for structured income support for farmers to procure seeds and labour and introduced a new scheme was for farmers’ welfare.

In Detail: Union Budget 2019-20

Feb 2, 2019
The Interim Budget 2019 furthers the agenda of the Modi Government for the all-inclusive growth of the nation. Though it announces the launch of a few schemes such as Pradhan Mantri Shram-Yogi Maandhan and Pradhan Mantri Kisan Samman Nidhi, it also takes us through the various schemes already introduced by the Narendra Modi-led government in the past years.

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