Increase In Direct Tax Collections: India’s direct tax collections in the first two and a half months (April – June) of 2021-22 stand at nearly Rs. 1.86 lakh crore, which is double the collections over the same period of last year that was affected by the national lockdown. The collections last year over the same […]
Category: Economics Current Affairs
Flash Sales Ban: Consumer Protection (e-Commerce) Rules 2020
Flash sales: The government proposed changes to the Consumer Protection (e-commerce) Rules 2020, banning all “flash sales” in order to monitor the deep discounts offered on e-commerce websites. Conventional flash sales by third party sellers are not banned on e-commerce platforms but only the predatory ones. Small businesses complain of misuse of market dominance and […]
Swiss Banks: Funds Of Indians Have Risen
Swiss Banks: Funds Of Indians Have Risen Certain reports have appeared in the media on 18.06.2021 stating that funds of Indians in Swiss Banks have risen to over Rs 20,700 crore (CHF 2.55 billion) at the end of 2020 from Rs 6,625 crore (CHF 899 million) at the end of 2019, reversing a 2 year […]
NFRA : National Financial Reporting Authority
NFRA (National Financial Reporting Authority): NFRA has invited suggestions from public on consultation paper on NFRA’s engagement with its stakeholders. NFRA is an independent regulatory body set up under Section 132 of the Companies Act. It was established by the Central Government in October 2018. After the Satyam scandal took place in 2009, the Standing […]
Udyog Aadhaar Memorandum
Udyog Aadhaar Memorandum: Ministry of Micro, Small and Medium Enterprises Extends Validity of Udyog Aadhaar Memorandum from 31st March, 2021 to 31st December, 2021. The Ministry for MSME in September 2015 notified Udyog Aadhaar to ensure ease of registration and wider coverage of MSMEs to avail the benefits under various Schemes of Central/ State governments. […]
Cross-Disability Early Intervention Centres
Cross-Disability Early Intervention Centres: Minister for Social Justice & Empowerment inaugurated 14 Cross-Disability Early Intervention Centres located at 7 National Institutes and 7 Composite Regional Centres. These have been established under the Department of Empowerment of Persons with Disabilities (DEPwD), Ministry of Social Justice and Empowerment. These have been set up at 7 National Institutes […]
BRICS Network Universities
BRICS Network Universities: A three-day virtual Conference of BRICS Network Universities on the theme of electric mobility was inaugurated at IIT Bombay. This conference is part of the engagements that India is hosting under the education stream during its Chairship of the 13th BRICS Summit this year. BRICS Network University is a union of higher […]
5th Edition Of VivaTech
5th Edition Of VivaTech: Prime Minister Shri Narendra Modi delivered the keynote address at the 5th edition of VivaTech on 16th June 2021. The 5th edition of VivaTech is scheduled between 16-19 June 2021. He invited the world to invest in India based on the five pillars of Talent, Market, Capital, Eco-system and, Culture of […]
44th GST Council Meeting : Highlights
44th GST Council Meeting: The 44th GST Council met under the Chairmanship of the Union Finance Minister. The Council in its meeting has decided to reduce the GST rates on various items being used in Covid-19 relief and management till 30th September 2021. Key highlights: It decided to waive the tax levied on two critical […]
El Salvador First In The World To Adopt Bitcoin As Legal Tender
El Salvador First In The World To Adopt Bitcoin, As Legal Tender: El Salvador, a small coastal country in Central America has become the first in the world to adopt Bitcoin, as legal tender. Legal tender is the legally recognized money within a given political jurisdiction. Bitcoin: Introduced in 2009, it is a type of […]
