Automatic Exchange Of Information: India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual information exchange, under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries. This is the fourth tranche of information that India has received from Switzerland […]
Category: Economics Current Affairs
National Industrial Corridor Development Corporation
National Industrial Corridor Development Corporation: 4th NICDC Investors’ Roundtable Conference to be held in Mumbai. The 4th NICDC Investors’ Roundtable Conference organized by Maharashtra Industrial Township Limited (MITL). The Investors Roundtable Conference has previously been hosted in Delhi, Kochi, and Ahmedabad. The 4th edition of the conference will showcase the development of upcoming greenfield industrial […]
E-Rupee
E-Rupee: The Reserve Bank of India (RBI) will soon commence pilot launches of Central Bank Digital Currency (CBDC), referred to as Digital Rupee (e₹), for specific use cases. The RBI in its concept note detailed various aspects including the technological measures to operationalise its electronic currency, its underlying digital infrastructure and various technological options the […]
Quality Council Of India (QCI)
Quality Council Of India (QCI): The Quality Council of India is set to celebrate its Silver Jubilee at the Ambedkar International Centre in New Delhi Quality Council of India was set up in 1997, jointly by the Government of India and the Indian Industry represented by the three premier industry associations i.e. Associated Chambers of […]
Windfall Tax
Windfall Tax: The government recently cut the windfall tax on domestically-produced crude oil to Rs 8,000 per tonne from Rs 10,500, and halved the levy on export of diesel to Rs 5 per litre. The taxes were introduced on July 1, as the Centre felt that elevated crude prices were allowing oil companies to make […]
National Disaster Management Authority (NDMA)
National Disaster Management Authority (NDMA): The National Disaster Management Authority (NDMA) celebrated its 18th Formation Day on 28th September, 2022. Theme 2022: Volunteerism in Disaster Management. The National Disaster Management Authority (NDMA) is India’s apex statutory body for disaster management. The NDMA was formally constituted on 27th September 2006, by the Disaster Management Act, 2005. […]
Scheme Special Assistance To States For Capital Investment For 2022-23
Scheme Special Assistance To States For Capital Investment For 2022-23: The Government has launched a Scheme Special Assistance to States for Capital Investment for 2022-23. Under this Scheme, financial assistance is provided to the States Governments in the form of 50-year interest free loan for capital investment projects. For the 2022-23 Financial Year (FY) a […]
Popular Front Of India (PFI)
Popular Front Of India (PFI): The Central Government has declared Popular Front of India (PFI) and its associates and affiliates as an unlawful association with immediate effect for a period of five years. Union Home Ministry said the PFI and its associates and affiliates including Rehab India Foundation, Campus Front of India, All India Imams […]
Foreign Trade Policy By Six Months
Foreign Trade Policy By Six Months: The Union Commerce Ministry announced the extension of the existing foreign trade policy by six months. The reason behind the development is currency volatility and global uncertainty. The ministry said, the geo-political situation is not suitable for long-term foreign trade policy. Earlier, the government had extended the due date […]
Fund Of Funds For Startups
Fund Of Funds For Startups: Fund of Funds for Startups (FFS), launched under Startup India initiative in 2016 by the Prime Minister Narendra Modi has committed Rs. 7,385 crore to 88 Alternative Investment Funds (AIFs) as of 24th September 2022. These AIFs in turn have invested Rs. 11,206 crore in 720 startups. FFS has been […]
