One Nation, One ITR Form: The Central Board of Direct Taxes (CBDT) has proposed a single income tax return (ITR) form for all taxpayers. There are seven kinds of ITR forms, which are used by different categories of taxpayers. According to the proposal, all taxpayers, barring trusts and non-profit organisations (ITR-7), will be able to […]
Category: Economics Current Affairs
70th Foundation Day Of EPFO
70th Foundation Day Of EPFO: Union Minister for Labour & Employment, Environment, Forest & Climate Change, Shri Bhupender Yadav recently inaugurated the 70th Foundation Day of EPFO(Employees’ Provident Fund Organisation) It was established in 1952. It is under the administrative control of the Union Ministry of Labor and Employment. It is tasked to assist the […]
International Open Access Week-2022
International Open Access Week-2022: CSIR-NIScPR recently celebrated “International Open Access Week-2022”. International Open Access Week is celebrated worldwide to create awareness about the open access scholarly publishing among researchers and publishers. It is celebrated globally during the last full week of October. International Open Access Week is organized by SPARC in partnership with the Open […]
DISHA Meeting To Review Progress On Centrally Sponsored Schemes
DISHA Meeting To Review Progress On Centrally Sponsored Schemes: Union Minister Dr Jitendra Singh presides over a DISHA meeting to review progress on various Centrally Sponsored Schemes (CSS) being implemented in the Kishtwar district. Kishtwar in Jammu and Kashmir has emerged as North India’s power hub with a series of active power projects, in total […]
Goddess Lakshmi And Lord Ganesh On New Currency Notes
Goddess Lakshmi And Lord Ganesh On New Currency Notes: Delhi Chief Minister Arvind Kejriwal recently appealed to the Union government to print images of Goddess Lakshmi and Lord Ganesh on new currency notes for the country’s “economic prosperity. Section 22 of The Reserve Bank of India Act, 1934, gives RBI the “sole right” to issue […]
Financial Action Task Force : Pakistan Is Off The ‘Grey List’
Financial Action Task Force : Pakistan Is Off The ‘Grey List’: Pakistan is off the ‘grey list’ of the Financial Action Task Force (FATF) after four years. The FATF is a global watchdog that was founded to tackle money laundering initially but its role became prominent post the 9/11 terror attacks. Following the attacks, the […]
National Curriculum Framework
National Curriculum Framework: The Union Education ministry launched the National Curriculum Framework for foundational stage education of children in the three to eight years age group. The framework focuses on the ‘panchakosha’ concept – the ancient Indian emphasis on the body-mind connection. The NCF says its five parts are physical development (sharirik vikas), development of […]
Big Techs
Big Techs: Report by Reserve Bank of India (RBI), large non-financial technology firms, referred to as “big techs,” pose challenges to financial stability owing to their technological advantages, large user base, wide-spread use by financial institutions and network-effects. Big techs include companies such as Alibaba, Amazon, Facebook, Google, and Tencent. They usually hold service licenses […]
Single Integrated Pensioners Portal
Single Integrated Pensioners Portal: Union Minister of state for Science and Technology recently launched the Single Integrated Pensioners’ Portal. Single Integrated Pensioners’ Portal developed in collaboration with State Bank of India and aimed at “Ease of Living” for the Central Government Pensioners. All the remaining 16 Pension disbursing banks shall now begin their integration with […]
National Highways Infra Trust (NHAI InvIT)
National Highways Infra Trust (NHAI InvIT): According to the Union Minister for Road Transport and Highways, National Highways Infra Trust (NHAI InvIT) is looking to raise additional ₹3,800 crore and around Rs 1,500 crore were being garnered through an issue of non-convertible debentures (NCDs) with a long-dated maturity of 24 years. These InvIT bonds will […]
