Islands Development Agency (IDA) that was set up on June 1, 2017 following the Prime Minister’s review meeting for the development of islands, with focus on Holistic Development of Islands had its first meeting chaired by Union Home Minister Shri Rajnath Singh on Monday July 24, 2017, who presented vision of developing India’s maritime economy while preserving n...
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Category: Current Affairs
High technology interface to capture data regarding e-way bill – that will play a vital role in GST
Under GST (Goods & Services Tax) regime, e-way bill, or electronic way bill, that likely to kick in from October 2017, will be required to transport any goods worth more than Rs 50,000. IT platform for this e-way bill is being developed by the National Informatics Centre (NIC) along with GST-Network (GSTN). The e-way bill would rely heavily on technology, employing RFID chips and QR codes; t...
GST: Key Challenges for Indian Economy
Goods and Services Tax (GST) that has finally transformed India from being a political union to a political and economic union in the true sense was in itself a challenge considering how it has taken 17 long years us to get there, and how tortuous the journey has been. GST is undoubtedly India’s biggest piece of economic reforms that has also been the most complex reform...
Why GST was extremely important for economy like India
Goods and Services Tax (GST) rolled out as soon the clock chimed midnight on Saturday, July 1, 2017, the One Nation - One Tax - One Market, is the biggest tax reform in Indian history that promises to change the way India does business and has potential to add up to 2 percent to India’s GDP. GST that subsumes around 17 c...
GSLV – Mk III D1/GSAT-19 takes India to next generation Launch Vehicle
GSAT-19 advanced communication satellite lifted into space with successful launch of GSLV Mk III by Indian Space Research Organisation (ISRO) from the spaceport at Satish Dhawan Space Centre, Sriharikota, Andhra Pradesh on June 5, 2017 and with this India once again scripted history. Geosynchronous Satellite Launch Vehicle Mark-III or Mk3 D-1 injected the 3,136-kg GSAT-19,
G7 Taormina Summit Condemn Terrorism
Leaders of the G7, met for the 43rd G7 summit in Taormina, Sicily, Italy on May 26-27, 2017 to address, in a spirit of cooperation, the global challenges and to respond collectively to the greatest concerns of their citizens. The participants included the leaders of the G7 member states: Canada, France, Germany, Italy, Japan, UK, US; as well as representatives o...
SWAYAM to achieve access, equity and quality of Education
SWAYAM or Study Webs of Active–Learning for Young Aspiring Minds programme of Ministry of Human Resource Development, Government of India, will get a boost with Arvind Subramanian, Chief Economic Advisor, Govt. of India; conducting at IIT-Delhi; a 40 hour course in the form of a ten-day lecture series scheduled between late May and early June 2017; to focus on major ‘Trends in I...
SBI is now among Top Fifty Global Banks
SBI, the new acronym for the unified behemoth created by mega merger of associate banks - State Bank of Bikaner & Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad - into the parent bank, State Bank of India, on April 1, 2017; puts SBI among the top 50 global banks and will lead to:
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Reprieve for Kulbhushan Jadhav from International Court Of Justice
International Court of Justice (ICJ) has communicated to the Pakistani government on 9 May, 2017; an acceptance of provisional relief that India had requested in instituting proceedings against Pakistan at the ICJ requesting the ICJ, inter alia, to suspend the death sentence awarded to Kulbhushan Jadhav; to declare that the sentence of the Pakistani military court violated the provision...
RBI to Direct Banks on Resolution of Stressed Assets
Banking Regulation Act, 1949, has been amended by issuance of an ordinance by the Government of India on Friday May 05, 2017; by inserting two new Sections - 35AA and 35AB, after Section 35A; that enable Union Government to authorize Reserve Bank of India (RBI) - the banking regulator, to issue directions to banking companies to initiate insolvency resolution pr...