What Is Post Devolution Revenue Deficit?

Post Devolution Revenue Deficit: The Ministry of Finance has released the second monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 9,871 crore for the year 2021-22 to 17 States. About the Post Devolution Revenue Deficit (PDRD): The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of […]

Unique Disability Identification Portal

Unique Disability Identification Portal: The Ministry of Social Justice & Empowerment has issued a notification making it mandatory for all States/UTs to grant certificates of disability through online mode only using UDID (Unique Disability ID) portal. Unique Disability Identification (UDID) Portal: The project is being implemented with the view of creating a National Database for […]

Database Of Companies And Auditors: NFRA

Database Of Companies And Auditors: NFRA: National Financial Reporting Authority (NFRA) has prepared a provisional database of companies and auditors. The National Financial Reporting Authority is a regulatory body set up under Section 132 of the Companies Act to oversee compliance with Accounting and Auditing Standards by companies that can be described as Public Interest […]

NPCI on Cryptocurrency Transactions

Cryptocurrency Transactions: National Payments Corporation of India (NPCI) has refused to ban cryptocurrency transactions. Further, it has put the onus on banks whether to ban transactions of cryptocurrency trades or not. It told banks to make a decision based on the advice of their legal and compliance departments. The National Payments Corporation of India (NPCI) […]

Global Innovation Partnership (GIP)

Global Innovation Partnership (GIP): The Union Cabinet has given ex-post facto approval to the signing of MoU between the Ministry of External Affairs of India and Foreign, Commonwealth, and Development Office (FCDO) of the United Kingdom on Global Innovation Partnership (GIP) Through this MoU, India, and UK agree to launch the Global Innovation Partnership. GIP […]