GST Council forms 12-member panel
News:The Goods and Services Tax(GST) Council has constituted a 12-member committee of officials from states and Centre to suggest steps to augment revenue and improve compliance under the GST regime. …
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Moody’s cuts India GDP growth forecast to 5.8%
News:International rating agency Moody has announced the lowering of India’s Gross Domestic Products(GDP) growth to 5.8% from 6.2%. Facts: The reasons for lowering the growth rate are (a)investment-led slowdown (b)weak …
Read MoreInput tax Credit
News:Government has decided to restrict input tax credit under the goods and services tax to 20% of the eligible amount for an entity if its supplier has not uploaded relevant …
Read MoreEmpowered Group for Privatization of Railways
News: The Ministry of Railways will form an Empowered Group to oversee the entry of private operators for 150 trains and development of 50 railway stations as per global standards. …
Read MoreEffects of global slowdown more pronounced in India: IMF chief
News:The International Monetary Fund(IMF) President has said that the world economy is experiencing a synchronized slowdown and emerging economies such as India and Brazil are the most affected by the …
Read MoreGlobal Competitiveness Index
News:The Global Competitiveness Index (GCI) compiled by the World Economic Forum(WEF) has been released. Facts: About the Global Competitiveness Index(GCI): The Global Competitiveness Index is released by the World Economic …
Read MoreIndia International Cooperative Trade Fair
News:A three-day India International Cooperative Trade Fair will be held in New Delhi from 11th October,2019. Facts: About the India International Cooperative trade fair: The trade fair is aimed at …
Read MoreGreen Channel
News:The Competition Commission of India (CCI) has given its approval under the ‘green channel’ route to acquisition of Essel Mutual Fund by BAC Acquisitions Pvt Ltd, a Sachin Bansal-owned entity. …
Read MoreGovt sets up high-level panel to check money laundering activities
News:Government has set up a 19-member Inter-Ministerial Coordination Committee for better cooperation among government departments to curb money laundering. Facts: About the committee: The committee will be chaired by the …
Read MorePublic Finance Management System(PFMS)
News:Punjab government has directed all government procurement agencies to link the bank accounts of farmers with the Public Finance Management System (PFMS) portal before the procurement of paddy begins. Facts: …
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