The Government of India has allowed RBI to import gold without paying import levies Indian gold importers need to pay basic customs duty and Agriculture Infrastructure and Development Cess (AIDC). Key facts
Category: Economy
Electric Mobility Promotion Scheme 2024
Recently the Union Ministry of Heavy Industries launched Electric Mobility Promotion Scheme 2024 (EMPS 2024) scheme.
India-EFTA signed a Trade and Economic Partnership Agreement (TEPA)
India-European Free Trade Association (EFTA) signed a Trade and Economic Partnership Agreement (TEPA) on 10th March 2024. Key Highlights About EFTA
RBI’s new directions on credit cards
The Reserve Bank of India (RBI) has directed credit card issuers to give customers an option to choose from multiple card networks. Key points
e-Kisan Upaj Nidhi (Digital Gateway)
Union Minister for Consumer Affairs, Food & Public Distribution launched the ‘e-Kisan Upaj Nidhi’ (Digital Gateway) of Warehousing Development and Regulatory Authority (WDRA). Key points
Acing Development of Innovative Technologies with iDEX (ADITI) scheme
India’s Defence Minister launched Acing Development of Innovative Technologies with iDEX (ADITI) scheme to promote innovations in critical and strategic defence technologies, during DefConnect 2024 in New Delhi on March 04, 2024. Key points
PM Modi launches ONGC’s first oil taker ‘Swarna Sindhu’ from KG block
Prime Minister Narendra Modi on March 2 flagged off the first tanker “Swarna Sindhu” carrying crude oil produced in state-owned ONGC’s Krishna Godavari deepwater block.
Country’s 1st Green Hydrogen Plant in Stainless Steel Sector
Union Steel Minister Jyotiraditya Scindia on 4 March 2024 virtually inaugurated India’s 1st Green Hydrogen Plant in the Stainless Steel Sector at Jindal Stainless Limited, Hisar.
Vadodara Municipal Corporation Issues Asia’s First Certified Green Municipal Bonds
Gujarat’s Vadodara Municipal Corporation has raised Rs 100 crore by issuing Asia’s first certified green municipal bond.
Urban Frame Survey (UFS)
The NSSO (FOD) under Ministry of Statistics and Programme Implementation (MoSPI) has entered into a Memorandum of Understanding (MoU) with the National Remote Sensing Centre (NRSC) to facilitate Urban Frame Survey (UFS) in a digital mode.
Comoros and Timor-Leste became new WTO members
The island nations of Comoros and Timor-Leste became WTO members at the 13th Ministerial meeting in Abu Dhabi, becoming the 165th and 166th members of the body .
New disciplines on good regulatory practice for services trade enter into force
The World Trade Organisation (WTO) on 27 February adopted an agreement on domestic services regulation (new disciplines on services domestic regulation). Key points
National Science Day 2024 Theme
The National Science Day (NSD) is celebrated every year on 28 February to commemorate the discovery of the ‘Raman Effect’.
International IP Index 2024
India ranked at 42 out of the 55 countries in the International IP Index 2024 with an overall score of 38.64 per cent. The index was released by US Chamber of Commerce on 28 February 2024.
UAE Removed from FATF Grey List
The United Arab Emirates’ (UAE) exited from the the grey list on 24th February 2024, nearly two years after its inclusion by the Financial Action Task Force. Financial Action Task Force (FATF)