Nine new forms Subject :Economy Section: Context: The Corporate Affairs Ministry (MCA) on Wednesday announced the next big step in the rollout of Version 3.0 of MCA21, India’s first mission mode e-governance project. It has decided to, from September 1, on-board corporates currently on Version 2.0, sources said. MCA has identified as many […]
India said to plan sops for rupee use in Russia trade Subject: Economy Section: External sector Details: India may give incentives to exporters settling trades using rupees to boost the acceptability of the currency and increase sales of goods to Russia, which has fallen because of western sanctions, according to government and industry […]
135AA of the Customs Act Subject :Economy Section :External Sector Context: The Central Board of Indirect Taxes and Customs (CBIC) has announced ₹1 lakh penalty for the first offence under section 135AA of the Customs Act. Details: Union Budget 2022 inserted section 135AA to protect the import and export data submitted to Customs […]
Corporate Bond Subject: Economy Context: In FY22, the amount of money raised through public issuances of corporate bonds was just about 2 percent of the amount of money raised through private placement as per a deputy governor of the Reserve Bank of India (RBI) Concept: Corporate Bonds: Corporate Bonds are debt instruments that […]
I-T dept issues notice to Anil Ambani for holding funds worth Rs 814 cr in two Swiss bank accounts Subject :Economy Section: Fiscal Policy Context: The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed […]
Highways Sector Subject :Economy Section: Infrastructure Context: Union Road Transport & Highways Minister Nitin Gadkari said that the highways sector in India has immense potential as a driver of growth in the economy. Concept: Models of highway development: There are combinations of models used in India — BOT (build operate transfer)- This is […]
Labour Codes Subject: Economy Section: Unemployment Context: Prime Minister Narendra Modi will inaugurate the two-day conference at Tirupati on Thursday which will deliberate on various issues: Details of deliberations Reforms and social security for informal workers, Vision-2047 for workforce Proposed implementation of the four labour codes. Central government is aiming for consensus with […]