The Pension Fund Regulatory and Development Authority (PFRDA) has made ‘penny drop’ verification mandatory for the withdrawal of funds by subscribers of the National Pension System (NPS) for the timely transfer of money. Key points
Category: Economy
National Cooperative Exports Limited (NCEL)
Union Home Minister and Minister of Cooperation Shri Amit Shah addressed the ‘National Symposium on Cooperative Exports’ organized by the National Cooperative Exports Limited (NCEL) in New Delhi. About National Cooperative for Exports Limited
Isabgol (Psyllium)
With the launch of the National Cooperative Exports Limited (NCEL), the cooperative will act as a link between the farmers and the global demand for milk products, Isabgol (Psyllium), cumin, ethanol and a variety of organic products. About Isabgol India Read More …
Natural gas import from Qatar
Qatar is India’s largest source of liquefied natural gas (LNG), accounting for more than half of overall import volumes of the fuel. LNG is a gas that has been super cooled to liquid form so that it can be transported Read More …
Jamrani Dam Multipurpose Project
The Cabinet Committee on Economic Affairs (CCEA) has approved inclusion of Jamrani Dam Multipurpose Project of Uttarakhand under Pradhan Mantri Krishi Sinchayee Yojana-Accelerated Irrigation Benefit Programme (PMKSY-AIBP) of Department of Water Resources, River Development and Ganga Rejuvenation. Jamrani Dam Pradhan Read More …
Nutrient Based Subsidy (NBS)
The Union Cabinet has approved the proposal of the Department of Fertilizers for fixing the Nutrient Based Subsidy (NBS) rates for Rabi Season 2023-24 (from 01.10.2023 to 31.03.2024) on Phosphatic and Potassic (P&K) fertilizers. Benefits: NPS policy
Leniency plus programme
The Competition Commission of India (CCI) has released the draft of revised lesser penalty regulations that provides for introduction of a “leniency plus” programme. Key points
RBI allows retail investors to invest in Floating Rate Savings Bonds
The Reserve Bank of India (RBI) has expanded the basket of products offered through its Retail Direct Portal by allowing individual investors to subscribe to Floating Rate Savings Bonds (FRBs), 2020 (Taxable). About Floating-rate bonds
New SIM card sale rules
The department of telecommunications (DoT) has given an additional two months’ time to telecom operators for complying with the new SIM card sale rules. These rules were notified by the government in August 2023. The new rules will now kick Read More …
License fee by telecoms to be treated as capital expenditure: Supreme Court
Recently, the Supreme Court held that payment of entry fee as well as variable annual licence fee under New Telecom Policy of 1999 is to be regarded as capital expenditure and amortised in accordance with Section 35ABB of the Income Read More …
Super Power Retailer Program
To empower the retailer community in the states of Odisha and Uttar Pradesh, the National Skill Development Corporation (NSDC), working under the aegis of the Ministry of Skill Development & Entrepreneurship (MSDE), announced a partnership with Coca-Cola India to launch Read More …
Vizhinjam port
The Vizhinjam port along Kerala’s coastline has been developed by Adani Ports and SEZ Ltd. in collaboration with the local state government. Key ports
Online Information Database Access and Retrieval (OIDAR)
The Goods and Services Tax (GST) authorities have sent notices to a bunch of foreign companies such as Facebook, Google, Netflix and Spotify, to ensure compliance with new GST regualtions. Key points About OIDAR
G20 finance leaders adopt roadmap on crypto assets
Finance ministers and central bank governors (FMCBG) from G20 nations on 13th October 2023 adopted a roadmap for regulating crypto assets proposed by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) at their meeting at Marrakesh in Read More …
Cabinet approves royalty rates for mining of three critical minerals
The Union Cabinet approved amendment of Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 (‘MMDR Act’) for specifying rate of royalty in respect of 3 critical and strategic minerals, namely, Lithium, Niobium and Rare Earth Elements Read More …