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Current Affairs in: हिंदी

Department of Commerce, CII sign MoU for development of Logistics sector

19 hrs ago
The Department of Commerce has signed a Memorandum of Understanding (MoU) with the Confederation of Indian Industry (CII) for setting-up of an institutional mechanism for the integrated development of Logistics sector in the country.

Cabinet approves continuation of MPLAD Scheme beyond 12th Plan

Jan 10, 2018
The Cabinet Committee on Economic Affairs (CCEA) led by the Prime Minister has given its nod to the continuation of Members of Parliament Local Area Development Scheme (MPLADS) till the term of the 14th Finance Commission i.e. 31st March 2020.

India to regain top spot with GDP pegged at 7.3% in 2018-19: World Bank

Jan 10, 2018
According to the World Bank’s Global Economic Prospects report, India’s economy will grow by 6.7% during the current fiscal year, higher than the 6.5% estimate by the Indian government. The report said that With this growth, India is set to regain the top spot in world's fastest-growing economies.

RBI introduces Rs 10 banknote in Mahatma Gandhi (New) Series

Jan 5, 2018
The new denomination has motif of Sun Temple, Konark on the reverse, depicting the country's cultural heritage. The base colour of the note is Chocolate Brown. The dimension of the banknote will be 63 mm x 123 mm.

GOI launches 7.75% Savings (Taxable) Bonds, 2018

Jan 5, 2018
The Government of India has launched 7.75% Savings (Taxable) Bonds, 2018 scheme to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling. This new saving scheme will commenced on 10th January 2018.

CCEA approves construction, operation and maintenance of Zojila tunnel in J&K

Jan 4, 2018
The construction of this tunnel will provide all weather connectivity between Srinagar, Kargil and Leh and will bring about all round economic and socio-cultural integration of these regions. The project excludes approaches on Srinagar-Leh section connecting NH-1A at Km 95.00 and at Km 118.00.

CCEA approves mandatory packaging of foodgrains in Jute Materials

Jan 4, 2018
CCEA approved the mandatory packaging norms under the Jute Packaging Material (JPM) Act, 1987. The approval mandates that 90 per cent of the food grains and 20 per cent of the sugar products shall be mandatorily packed in jute bags. It's provision for 100 per cent packing of food grains in jute bags is subjected to the ability of the jute industry to meet the requirement.

Government notifies terms of Electoral Bonds

Jan 3, 2018
In a bid to cleanse the system of political funding in the country, the Government of India notified the Scheme of Electoral Bonds. With the issuance of electoral bonds, the donors can purchase electoral bonds from specific State Bank of India (SBI) branches, and receiving political parties can encash them only through a designated bank account.

Saudi Arabia, UAE become first Gulf nations to introduce VAT

Jan 2, 2018
Saudi Arabia and the United Arab Emirates (UAE) introduced the Value Added Tax (VAT) for the very first time on 1 January 2018. The move is a first for the Gulf region, which has long boasted of a tax-free system.

India signs USD 40 Million Loan Agreement with World Bank for UP Tourism

Dec 29, 2017
The Project will support the state government’s priority of re-structuring tourism benefiting poor residents and local entrepreneurs such as rickshaw drivers, local artisans and street vendors.

India signs US$ 125 million worth financing agreement with World Bank

Dec 20, 2017
India has signed a financing agreement worth US$ 125 million with the World Bank for ‘Skills Strengthening for Industrial Value Enhancement Operation (Strive) Project”.

Niti Aayog to set up Methanol Economy Fund

Dec 20, 2017
The Niti Aayog is planning to set up a Methanol Economy Fund with a corpus of Rs 4,000-5,000 crore to promote production and use of the clean fuel. Methanol can be used as a transportation fuel, energy producing fuel and cooking fuel. It could play a huge role in bringing down India’s oil import bill by an estimated 20% over the next few years.

CBDT extends deadline for linking of Aadhaar with PAN to 31 March 2018

Dec 8, 2017
All taxpayers having Aadhaar Number or Enrolment Number are required to link Aadhaar with Permanent Account Number as per the provisions of recently introduced section 139AA of the Income-tax Act, 1961.

RBI releases Fifth Bi-monthly Monetary Policy Statement 2017-18

Dec 7, 2017
After assessing the current and evolving macroeconomic situation in the economy, the Monetary Policy Committee (MPC) decided to keep the Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.0 per cent. Consequently, the Reverse Repo Rate was also kept unchanged at 5.75 per cent and the Marginal Standing Facility (MSF) Rate and the Bank Rate remained at 6.25 per cent.

RBI rationalises charges on debit card transactions

Dec 7, 2017
The Reserve Bank of India, In order to promote digital payments, came out with differentiated merchant discount rates (MDR) for debit card transactions, prescribing separate caps for small and large traders. The shift is aimed at giving a boost to the digital transactions in the country, as the government is not seeing any expected result despite giving a major thrust to digital payments.

India submits document to oppose e-commerce talks at WTO

Dec 4, 2017
India has for the first time submitted a formal document opposing any talks on e-commerce at the World Trade Organisation (WTO). The submission comes ahead of the key ministerial conference of the WTO, where India is likely to face pressure from many countries to begin talks to open cross-border digital trade. The document submitted by India at WTO is a proposed agreement that could become an actual announcement if enough members are in agreement with it and pertinent changes are made to it to suit all.

Finance Minister Arun Jaitley launches Paytm Payments Bank

Nov 30, 2017
Paytm Payments Bank aims to bring Indians into 'digital economy'. With the launch of the Bank, Paytm account holders can enjoy the benefits like zero-balance account, free IMPS, NEFT, RTGS, UPI transactions and a complimentary virtual Rupay cards for online transactions.

15th Finance Commission constituted under the chairmanship of NK Singh

Nov 28, 2017
The other members of the 15th Finance Commission are Shaktikanta Das, former Secretary to Union Government and Anoop Singh, Adjunct Professor at Georgetown University. While, Chairman of Bandhan Bank Ashok Lahiri and Member of NITI Aayog Ramesh Chand will be the Part time members of the Commission. Arvind Mehta will be the Secretary to the Commission.

CCEA approves expansion of Beti Bachao Beti Padhao for Pan India coverage

Nov 23, 2017
The expansion includes Multi sectoral intervention in 244 districts in addition to existing 161 districts and 235 districts will be covered through Alert District Media, Advocacy and Outreach.

Cabinet approves setting up of the 15th Finance Commission

Nov 23, 2017
The Union Cabinet led by Prime Minister Narendra Modi has approved the setting up of the 15th Finance Commission. The decision was a constitutional obligation under Article 280 (1) of the Constitution. The Terms of Reference for the 15th Finance Commission will be notified soon.

Moody's upgrades India's sovereign rating after 14 years

Nov 17, 2017
US credit rating agency Moody's raised India's sovereign rating to Baa2 from its lowest investment grade of Baa, while changing the outlook for the country's rating to stable from positive. Since 2004, Moody raised the sovereign rating for the first time ignoring a haze of short-term economic uncertainties to bet on the nation’s prospects from a raft of policy changes by the government.

Cabinet approves the establishment of the National Anti-profiteering Authority under GST

Nov 17, 2017
The Union Cabinet led by the Prime Minister Narendra Modi has given its consent for the creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority (NAA) under GST. The decision was followed up immediately after the sharp reduction in the GST rates of a large number of items of mass consumption. This paves the way for the immediate establishment of this apex body, which is mandated to ensure that the benefits of the reduction in GST rates on goods or services are passed on to the ultimate consumers by way of a reduction in prices.

Union Government launches BHARAT-22 Exchange Traded Fund

Nov 15, 2017
Union Government's key Economic Reforms may also benefit ETF. These reforms are Insolvency and Bankruptcy Code 2016, Digital Economy, Bank recapitalization, GST, Liberalization of FDI, Introduction of Daily Fuel pricing, Revival package for DISCOMs, etc.

India to be third largest economy by 2028, says report

Nov 14, 2017
India is likely to achieve strong growth over the next decade and emerge as the world’s third-largest economy, overtaking Japan in nominal GDP by 2028, says a report titled ‘India 2028’ by Bank of America Merrill Lynch.

Cabinet approves Joint Interpretative Declaration between India and Colombia

Nov 12, 2017
The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing the Joint Interpretative Declaration (JID) between India and Colombia.

RBI directs banks to provide doorstep banking facilities to senior citizens, differently-abled

Nov 10, 2017
The Reserve Bank of India has asked banks to provide doorstep banking facilities to senior citizens who are more than 70 years of age and differently-abled persons by December 2017.

GST rate on various mass consumption items reduced to 18 per cent

Nov 10, 2017
All types of chewing gum, chocolates, preparation for facial make-up, shaving and after-shave items, shampoo deodorants, washing powder detergent and granite and marble will now attract 18 per cent GST rate.

RBI to launch public awareness campaign through text messages

Nov 9, 2017
The Reserve Bank of India would soon be launching a new public awareness campaign through text messages to educate public about various banking regulations and available facilities.

India slips to 7th position in Business Optimism Ranking

Nov 9, 2017
According to the most recent Grant Thornton International Business Report India has slipped to the 7th position in the Business Optimism Index (BOI) in the September quarter, from the second position in the previous three months. The survey suggests that this ranking is showing the clear signs of lag in the economy.

Haryana government signs Rs 20,000 Cr worth MoU to set up trading hub

Nov 3, 2017
The state government Haryana on 2 November 2017 signed a memorandum of understanding (MoU) with an integrated trade facilitation services organisation - Verbind - to set up a logistics and trading hub in the state.

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