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 […]
Category: Economics Current Affairs
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 […]
Global Economic Prospects 2021 : World Bank
Global Economic Prospects: World Bank: The World Bank has released its June 2021 Global Economic Prospects where it has forecast India’s GDP growth to be 8.3% for the year 2021-22. India’s economy is expected to grow at 8.3% for Fiscal Year 2021-22, 7.5% for 2022-23 and 6.5% for 2023-24. The world economy is expected to […]
CHATT : Confederation Of Hospitality, Technology & Tourism Industry
Confederation Of Hospitality, Technology & Tourism Industry (CHATT): Airbnb, EaseMyTrip, OYO and Yatra have established a new industry association called “Confederation of Hospitality, Technology & Tourism Industry (CHATT)”. CHATT will help small companies and travel & hospitality technology players. CHATT association: It will promote domestic tourism and help in digital transformation of domestic tourism. It […]
