Category: Economics Current Affairs

The 43rd GST Council: The 43rd GST Council met under the Chairmanship of the Union Finance Minister. The GST Council has made the following recommendations: As a COVID-19 relief measure, a number of specified COVID-19 related goods such as medical oxygen, oxygen concentrators, and other oxygen storage and transportation equipment, certain diagnostic markers test kits […]

Ayush Clinical Repository (ACCR) portal: Union Minister for Ayush Kiren Rijiju will launch the Ayush Clinical Case Repository (ACCR) portal and the third version of Ayush Sanjivani App on MAY 27, 2021. Ayush Clinical Repository (ACCR) portal: The Ayush Clinical Repository (ACCR) portal (https://accr.ayush.gov.in/) will serve as a platform to support both Ayush practitioners and […]

New Rules For Increased FDI In Insurance Sector:   The Ministry of Finance amended Indian Insurance Companies (Foreign Investment) Rules, 2015, and clarified the final rules for increased FDI (Foreign Direct Investment) in the Insurance Sector. Parliament had passed the Insurance Amendment Bill 2021 to increase the FDI limit in the insurance sector to 74% […]

The Pension Fund Regulatory and Development Authority: The Pension Fund Regulatory and Development Authority (PFRDA) crossed the milestone of Rs 6 lakh crore (Rs 6 trillion) of Assets Under Management (AUM) under the National Pension System (NPS) and Atal Pension Yojana (APY), after 13 years. Pension Fund Regulatory and Development Authority (PFRDA) is the statutory […]

Institute Of Cost Accountants Of India (ICoAl) And Institute Of Company Secretaries Of India (ICSI): The Union Cabinet has granted ex-post facto approval to the MoUs entered into by the Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with various Foreign Countries/Organisations. The Institute of Cost Accountants of […]

MCA 21 Version 3.0: Digital Corporate Compliance Portal: The government launched the first phase of the latest update to its digital corporate compliance portal, Ministry of Corporate Affairs (MCA) 21 Version 3.0. It will help in improving the Ease of Doing Business in India. India ranked 63rd out of 190 countries in Ease Doing Business […]

Mandatory Hallmarking Of Gold Jewellery And Artefacts: The Centre further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic. In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from […]

Foreign Direct Investment (FDI): Measures Taken By The Government: Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in India’s Foreign Direct Investment are: India has attracted highest ever total […]

SITA Passenger Service System: National carrier Air India has notified its passengers of a data breach that occurred in February 2021 at the SITA passenger service system. The airline said the breach involved data of 45 lakh passengers being leaked. SITA or Société Internationale de Télécommunications Aéronautiques is a multinational information technology company providing IT […]