Overseas Citizens Of India (OCI): People of Indian origin and the Indian diaspora having Overseas Citizens of India (OCI) cards will not have to carry their old, expired passports for travel to India, as was required earlier, according to a government notification. OCI cardholders: The government of India launched the ‘Overseas Citizenship of India […]
Category: Economics Current Affairs
Supreme Court on National Company Law Appellate Tribunal (NCLAT)
Tata Group’s Decision To Remove Cyrus Pallonji Mistry As The Executive Chairman And Director Of Tata Sons: The Supreme Court overturned the National Company Law Appellate Tribunal (NCLAT) decision and upheld Tata Group’s decision to remove Cyrus Pallonji Mistry as the Executive Chairman and Director of Tata Sons. Supreme Court Observations: Minority shareholders or their […]
Right To Information (RTI) Requests In 2019-20
Right to Information (RTI) requests in 2019-20: The Centre has only rejected 4.3% of all Right to Information (RTI) requests in 2019-20, the lowest ever rate, according to the Central Information Commission’s annual report. However, almost 40% of these rejections did not include any valid reason, as they did not invoke one of the permissible […]
Cryptocurrencies and Companies
Cryptocurrencies: The corporate affairs ministry has announced companies will have to disclose any holding or dealings in cryptocurrencies or virtual currencies in their financial statements filed with the Registrar of Companies. This is a major step towards regulating the crypto assets in India and will bring in a lot of transparency in reporting/filing of crypto […]
Business Responsibility And Sustainability Report (BRSR)
Business Responsibility And Sustainability Report (BRSR): The Securities and Exchange Board of India (SEBI) has decided to introduce new requirements for business sustainability reporting by listed entities. This new report will be called the Business Responsibility and Sustainability Report (BRSR) and will replace the existing Business Responsibility Report (BRR). SEBI, in 2012, mandated the top […]
Electoral Bonds
Electoral Bonds: Supreme Court of India, on March 26, 2021, refused to stay the sale of a fresh set of electoral bonds from 1 April. Supreme Court, while refusing the stay, underlines that these bonds were allowed to be released in 2018 and 2019 without any interruption. There exists no justification to stay these bonds […]
CSC and IEPFA App : Important Points
Central Scrutiny Centre (CSC) And Investor Education And Protection Fund Authority’s (IEPFA) Mobile App: Union Minister for Corporate Affairs launched Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App — two tech-enabled initiatives by Ministry of Corporate Affairs (MCA). Central Scrutiny Centre (CSC): MCA is one of the key primary […]
Commercial Coal Mining India : 2nd Tranche Of Auction
India launched Its 2nd Tranche Of Auction For Commercial Coal Mining: India launched its 2nd Tranche of the auction for commercial coal mining offering 67 mines for the sale of coal. Union Coal Minister launched the auction process. This is the highest number of mines on offer in a particular tranche of the auction after […]
What is GST Compensation Cess
GST Compensation: The Centre will release ₹30,000 crore as GST compensation to States this month, from the compensation cess collections during the year. The pending compensation dues to States for 2020-21 are expected to be more than ₹77,000 crore. The GST Compensation Act, 2017 guaranteed States that they would be compensated for any loss of […]
The Standing External Advisory Committee (SEAC) : RBI
The Standing External Advisory Committee (SEAC): RBI The Reserve Bank of India (RBI) has set up a five-member Standing External Advisory Committee (SEAC), headed by former RBI Deputy Governor Shyamala Gopinath, for evaluating applications for universal banks and Small Finance Banks (SFBs). The Standing External Advisory Committee (SEAC) will be comprising eminent persons with […]
