NITI Aayog Report on Gig and Platform Economy

NITI Aayog recently published its report titled “India’s Booming Gig and Platform Economy”. Key recommendations of the report In its report, NITI Aayog has proposed fiscal incentives for companies, such as tax breaks or start-up grants. It proposed to provide incentives ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

SBI Ecowrap report on Income Inequality

The State Bank of India published its Ecowrap report on Income Inequality in India. Findings of the report According to Ecowrap report, income inequality in India has been declining since Financial Year 2017. India also did well during covid-19 pandemic, ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs

Telangana T-Hub 2.0

Chief Minister of Telangana K Chandrasekhar Rao is scheduled to inaugurate the new facility of business incubator T-Hub on June 28, in Hyderabad. About T-Hub The T-Hub (Technology Hub) was established in 2015, at IIT Hyderabad. It is an innovation ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs • India Nation & States Current Affairs

BIS Performance standards for EV batteries

The Bureau of Indian Standards (BIS) has created performance standards for batteries being used in electric vehicles, after the recurring incidents of fire. Key Facts BIS has released standard test specifications for lithium-ion traction battery packs and systems (performance testing) ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

Extension of GST Compensation Cess

Central government has extended the time to levy GST compensation cess, till March 31, 2022. Highlights Time to levy GST compensation cess has been extended by around 4 years. Thus, according to Goods and Services Tax (Period of Levy and Collection ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

New CEO of NITI Aayog

On June 24, 2022, retired IAS officer Parameswaran Iyer was appointed as the new CEO of NITI Aayog, by Union Government. Key Points Parameshwaran Iyer is a 1981-batch IAS officer from UP cadre. He will replace Amitabh Kant and become the ..

Month: Current Affairs - June, 2022

Category: Awards, Honours & Persons in News • Economy & Banking Current Affairs

BRO Cafes to be set up at 75 locations

Ministry of Defence has allowed to open BRO Cafes soon at different sections of border roads with Border Road Organisation (BRO). About BRO Cafes BRO Cafes will shortly open at 75 locations in 12 states and Union Territories. These cafes ..

Month: Current Affairs - June, 2022

Category: Defence Current Affairs • Economy & Banking Current Affairs

Coal India Ltd. to set up Power Generation Unit

The South Eastern Coalfield Limited (SECL), an undertaking of Coal India Limited (CIL), has announced to venture into power production. Key facts For the purpose, SECL has inked an MoU with Madhya Pradesh Power Generation Company Limited (MPPGCL) to set ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

RBI extends deadline for tokenisation of debit and credit cards

Reserve Bank of India (RBI) has extended the timeline for tokenisation of debit and credit cards by three months. Tokenisation can now be done till September 30, 2022. Key Points This decision was taken in consultation with stakeholders, in order ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs

PM Modi inaugurates Vanijya Bhawan & NIRYAT Portal

On June 23, 2022 Prime Minister Narendra Modi inaugurated the new “Vanijya Bhawan”. Key Facts While inaugurating the Vanijya Bhawan, he asked the industry and exporters to fix long-term export targets for themselves as well to suggest ways to government for achieving ..

Month: Current Affairs - June, 2022

Category: Economy & Banking Current Affairs