Prime Minister Shri Narendra Modi on October 20 inaugurated three airports, developed under the Regional Connectivity Scheme (RCS) – UDAN (Ude Desh Ka Aam Nagrik), from Varanasi in Uttar Pradesh. RCS- UDAN
Category: Economy
HAL gets Maharatna Status
Hindustan Aeronautics Limited (HAL) has attained the prestigious Maharatna status, becoming the 14th Central Public Sector Enterprises (CPSE) in India to receive this recognition. About Maharatna status To qualify for this status, companies must meet specific criteria, which include: About Read More …
All India Rural Financial Inclusion Survey (NAFIS) for 2021-22
NABARD has published the findings from its second All India Rural Financial Inclusion Survey (NAFIS) for 2021-22. Key findings
Totalisation agreement
According to a recent report, India will have to wait to take forward its discussion with the US on the long-pending totalisation pact and restoration of GSP benefits for Indian exporters at least till the forthcoming US presidential elections are Read More …
Ancillary services market
Unlike traditional energy sources that provide a consistent and predictable output, renewable energy generation fluctuates based on weather conditions, posing a risk to grid stability. There are three kinds of ancillary services:
India, UAE bilateral investment treaty (BIT) comes into effect from August 31
The central government on October 7, 2024 said bilateral investment treaty (BIT) signed between India and the UAE has been enforced from August 31, 2024. India-FTAs At present India has FTAs with about a dozen countries and regions. It includes:
World Bank’s Business Ready (B-READY) Report
Business Ready (B-READY) is a new data collection and analysis project of the World Bank Group to assess the business and investment climate worldwide, accompanied by an annual corporate flagship report. Differences between B-READY and Doing Business project B-READY 2024 Read More …
India becomes fourth nation to cross $700 billion forex reserves
India has become the fourth economy in the world to surpass 700 billion US dollars in foreign reserves. India’s gross foreign exchange reserves
Centre reconstitutes Monetary Policy Committee
The central government on 1 October appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as the new external members to the Reserve Bank of India’s (RBI) monetary policy committee.
KABIL obtains non-invasive exploration permits for lithium blocks in Argentina
KABIL (Khanij Bidesh India Ltd), has obtained permission for carrying out non-invasive exploration in three out of the five recently acquired lithium blocks in Argentina. Key points
Direct Tax Vivad Se Vishwas Scheme, 2024
In pursuance of the announcement in Union Budget 2024-25, the Central Board of Direct Taxes (CBDT) has notified the Direct Tax Vivad Se Vishwas Scheme, 2024 (referred as DTVSV, 2024) to resolve pending appeals in the case of income tax Read More …
New mergers and acquisitions rules
Fair trade regulator Competition Commission of India (CCI) has relaxed its rules for mergers and acquisitions, making hostile takeovers easier. Key points
PM lays foundation stone of PM MITRA Park in Amravati
The Prime Minister, Shri Narendra Modi addressed the National PM Vishwakarma Program in Wardha, Maharashtra on September 20. PM MITRA Park Acharya Chanakya Skill Development Scheme
India-S. Korea start sharing the bill of lading in an electronic transfer mode
India and South Korea have started sharing the bill of lading in an electronic transfer mode between the customs of both sides, a move that will help promote ease of doing business.
President Droupadi Murmu bats for lac farming
President Droupadi Murmu on September 20, 2024 batted for lac farming while taking part in the centenary celebration of the ICAR-National Institute of Secondary Agriculture (NISA) in Ranchi. About Lac