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Current Affairs in: हिंदी

Government sets up panel to resolve issues of stressed thermal power assets

Jul 30, 2018
The Union Government has decided to set up a High-Level Empowered Committee headed by Cabinet Secretary to address the issue of stressed thermal power assets. The Government has asserted that the stressed thermal power assets are a cause of concern for the country.

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Invest India, Business France sign MoU to promote investment

Jul 26, 2018
Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities and exchange experiences to strengthen institutional knowledge.

Indian banks, financial institutions sign agreement to speed up bad loan resolution

Jul 24, 2018
Indian banks and financial institutions signed an inter-creditor agreement on July 23 to fast-track the resolution of stressed assets of Rs 500 crore or above that are under consortium lending. Under the pact, each resolution plan will be submitted by the lead lender to an Overseeing Committee.

GST Council cuts rate on 88 items, exempts Sanitary Napkins and Rakhis

Jul 23, 2018
Now, 5 percent GST will be levied on footwear having a retail sale price of up to Rs 1000 and Footwear having a retail sale price exceeding Rs 1000 will attract 18 percent GST.

RBI to issue new Rs 100 denomination banknote, bearing a motif of ‘Rani Ki Vav’

Jul 20, 2018
The new banknote bears a motif of ‘Rani Ki Vav’ on the reverse, depicting the country’s cultural heritage. The base colour of the note is Lavender.

India becomes Regional Head of Asia Pacific Region in WCO

Jul 16, 2018
India has become the Vice Chair of the Asia Pacific Region of World Customs Organisation (WCO) for a period of two years, from July 2018 to June 2020. The WCO is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations.

India becomes 69th shareholder of European development bank

Jul 12, 2018
India has formally become the 69th shareholder of the European Bank for Reconstruction and Development (EBRD), paving the way for more joint investment with Indian companies across the bank's regions of operation.

India becomes world's sixth largest economy, France pushed to seventh rank

Jul 12, 2018
India has surpassed France to become the world’s 6th largest economy, as per World Bank data on the gross domestic product (GDP) of countries for 2017. The data revealed that India recorded a GDP of USD 2,597,491 million in 2017, while France recorded a GDP of USD 2,582,501.

India, China agree to reduce tariffs on Chinese imports of Indian medicines

Jul 10, 2018
India and China have reached an agreement for the reduction of tariffs on Chinese imports of Indian medicines, particularly cancer drugs. China also agreed to increase imports of Indian medicines, particularly anti-cancer drugs, as a part of its moves to broaden its trade relations amidst its on-going trade war with the United States.

Asian Development Bank approves USD 503M worth lining project of Son canal in Bihar

Jul 10, 2018
The Asian Development Bank (ADB) has approved USD 503-million worth lining project of the Son canal in Shahabad-Bhojpur region of Bihar that would bring immense benefits to the agriculture sector of the region.

GST Panel recommends no extra tax incentives for digital transactions

Jul 9, 2018
Another ministerial panel chaired by Sushil Kumar Modi on Reverse Charge Mechanism (RCM) recommended replacing the present Section 9(4) with a new Section 9(4) which will permit the government to notify specific class of registered persons who would be covered under RCM provision.

IBBI amends Bankruptcy Norms, notifies procedures for home buyers under insolvency proceedings

Jul 5, 2018
In case the corporate debtor has classes of creditors, having at least ten creditors, the interim resolution professional shall offer a choice of three insolvency professionals in the public announcement to act as the authorised representative of creditors in each class.

Project Sashakt: Sunil Mehta Committee’s 5-pronged strategy to tackle NPAs approved

Jul 3, 2018
The 'Sashakt' Report highlights nine guiding principles aimed at the operational turnaround of the banking sector in a manner that will create jobs and enhance the value of public sector banks.

Income Tax Department launches ‘Instant’ PAN Card Service

Jul 3, 2018
Once the PAN is allotted to an applicant through his electronic Aadhaar-based verification system, in a few seconds, the applicant will be sent the PAN card by post.

NRL becomes first oil PSU to introduce online legal compliance

Jul 2, 2018
Numaligarh Refinery Ltd (NRL) in Assam has become the first oil public sector undertaking (PSU) to adopt an online legal compliance system by introducing 'Legatrix'.

Explained: One year of GST: Achievements and Challenges

Jul 2, 2018
The GST regime has resulted in ‘ONE NATION, ONE TAX, ONE MARKET’, replacing multi-layered, complex indirect tax structure with a simple, transparent and technology–driven tax regime.

Rupee falls to all-time low of 69.09 against US dollar

Jun 28, 2018
Crude oil prices were at their highest at USD 77 a barrel on June 27, 2018, the highest since 2014 as the oil inventories of the United States witnessed their biggest fall in over two years and its exports touched an all-time record.

India retaliates to US tariffs, hikes import duty on 29 US products

Jun 22, 2018
In a retaliatory move to the heavy tariffs imposed by the United States on imported steel and aluminium items, India has decided to raise customs duty on 29 US products including almond, walnut and pulses. The duty hike by India would have equivalent tariff implications for the US.

2nd edition of MSME Pulse report by SIDBI-TransUnion CIBIL released

Jun 22, 2018
The 2nd edition of MSME Pulse report by SIDBI-TransUnion CIBIL shows that the MSME segment has left behind the short-term impact of GST and demonetisation and they were firmly back on the growth path with the segment having exposure below Rs 25 crore growing at 15 per cent.

RBI revises housing loan limits under Priority Sector Lending

Jun 21, 2018
The housing loan limits were revised to bring union of the PSL guidelines for housing loans with the Affordable Housing Scheme of the Union Government and to give a stimulus to low-cost housing for the economically weaker sections and low income groups.