The Ministry of electronics and information technology (MeitY) was appointed as the nodal ministry for online gaming. What is Online Gaming? Key Benefits Key concerns Game of Skill and Game of Chance
Category: Economy
RBI’s revised bank locker rules to come into effect from 1st of January 2023
The Reserve Bank of India (RBI) has mandated banks in the country to renew their locker agreements with existing locker customers by 1st January 2023. Key highlights
CBIC notifies Rules of Origin for India-Australia trade pact
The Central Board of Indirect Taxes and Customs has notified the Rules of Origin (RoOs) under the India-Australia economic cooperation and trade agreement (ECTA). Key points About Rules of origin Rules of origin are used:
CAG raises concerns over short-transfers of cess funds by Centre
The Comptroller and Auditor General (CAG) of India has raised concerns over utilisation of the proceeds of cesses and surcharges imposts. Key concerns About Cess About surcharge
Appeals which can be heard by National Company Law Appellate Tribunal (NCLAT)
Big Tech Google on 23 December said it has approached the National Company Law Appellate Tribunal (NCLAT), challenging the Competition Commission of India’s (CCI) order on unfair business practices in Android mobile device. Appeals which can be heard by National Read More …
IMF concludes Article IV consultation for India
The International Monetary Fund (IMF) underlined on December 23 that additional monetary tightening should be carefully calibrated. What is IMF-Article IV consultations?
Bharat auction system
The Bharat auction system for sale and purchase of tea in auction centres will be implemented in north India only after conducting adequate mock sessions and consultations with stakeholders, Tea Board India chairman said on December 22. Key points
Systemically Important Digital Intermediaries (SIDIs)
The Standing Committee on Finance’s has presented a report on ‘Anti-Competitive Practices by Big Tech Companies’ which was tabled in Parliament on December 22. Key recommendations
Govt appoints former SC judge Hemant Gupta as chief of NDIAC
The Government of India has appointed former Supreme Court Judge Hemant Gupta as the Chairperson of New Delhi International Arbitration Centre (NDIAC). About New Delhi International Arbitration Centre (NDIAC)
Camels’ number is declining in India
In a reply in the Lok Sabha, Minister for Agriculture and Farmers Welfare said the number of camels has come down from 4 lakh during the livestock census of 2012 to 2.52 lakh in the 2019 census, showing a decline Read More …
Govt may make ‘green steel’ mandatory: Jyotiraditya Scindia
Union Minister of Steel Jyotiraditya Scindia on December 19 told Rajya Sabha that the government was considering mandating the use of “green steel” in government projects. Strategy towards green steel Steps taken for promoting decarbonization in steel industry
No proposal to repeal SARFAESI law, says Finance Ministry
The Government of India has no plans or any proposal to repeal the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI law), the Lok Sabha was informed on December 19. About SARFAESI law
National Test House (NTH)
The Centre is set to start EV battery testing centres in Mumbai and Kolkata in the next fiscal year, Nidhi Khare, additional secretary of consumer affairs said. Key points
Nitin Gadkari launches one of India’s first-ever Surety Bond Insurance products
Union Minister for Road Transport and Highways Nitin Gadkari has launched one of India’s first-ever Surety Bond Insurance products from Bajaj Allianz. About Surety Bond Insurance
GST Council recommends to decriminalise certain offences
The 48th GST Council met under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via virtual mode on December 17. Key decisions Decriminalization under GST: The Council has recommended to – About GST Council