Mauritius to amend India-Mauritius DTAA

Mauritius Government has decided to amend Double Taxation Avoidance Agreement (DTAA) with India in order to go with OECD’s proposal on Base Erosion and Profit Shifting. What is Double Taxation Avoidance Agreement (DTAA)? The Double Tax Avoidance Agreement (DTAA) is ..

Category: Economy & Banking Current Affairs

VinFast to set up EV plant in Tamil Nadu

Vietnam-based electric vehicle maker VinFast Auto Ltd commenced construction work for establishing a new integrated EV manufacturing unit at Thoothukudi in southern Tamil Nadu where the company has planned to invest ₹4000 crore, spread over 5 years. Ground Breaking Event ..

Category: Economy & Banking Current Affairs

Household Consumption Expenditure Survey (HCES) 2022-23

The Ministry of Statistics and Programme Implementation (MoSPI) recently released highlights of the latest nationwide Household Consumption Expenditure Survey (HCES) conducted during 2022-23 by the National Statistical Office. The Household Consumption Expenditure surveys are held in a gap of five ..

Category: Economy & Banking Current Affairs

Golden Jubilee of AMUL

In February 2024, Prime Minister Narendra Modi gave a call to make Amul dairy cooperative the number one dairy company worldwide while addressing a grand 50-year celebration event of the Gujarat Cooperative Milk Marketing Federation (GCMMF) which markets all Amul ..

Category: Economy & Banking Current Affairs

Japan Commits Rs 12,800 Crore Loan to Finance Indian Projects

On February 21st, 2024, Japan’s government signed a yen loan agreement worth 232.209 billion yen, approximately Rs 12,800 crore, with India to fund development across nine crucial infrastructure and innovation promotion projects that aim to strengthen bilateral economic ties. Key ..

Category: Economy & Banking Current Affairs

RBI Restricts BPSP Transactions over Compliance Fears

The Reserve Bank of India (RBI) has recently directed prominent card networks like Visa and Mastercard to immediately stop enabling commercial transactions by a class of entities called Business Payment Solution Providers (BPSPs) until merchant compliance issues are addressed. RBI ..

Category: Economy & Banking Current Affairs

Bima Sugam – India’s Insurance E-Marketplace

The Insurance Regulatory and Development Authority of India (IRDAI) has issued draft regulations to establish Bima Sugam as a not-for-profit entity to serve as an online insurance marketplace catering to all stakeholders. Objective By promoting transparency and collaboration, Bima Sugam ..

Category: Economy & Banking Current Affairs

Maia-Sultanganj Port Trial

The first trial movement of vessels carrying stone aggregates was flagged off recently on the Maia-Aricha route, connecting Maia Port in India to Sultanganj Port in Bangladesh. The Bangladesh flag vessel MV Desh Bangla, carrying stone aggregates, was flagged off ..

Month: Current Affairs - February, 2024

Category: Economy & Banking Current Affairs • International / World Current Affairs