Current Affairs - December, 2016
India and Singapore ink 3rd Protocol for amending DTAA
India and Singapore have signed a Third Protocol to amend DTAA (Double Taxation Avoidance Agreement) for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. It was signed in line with India’s treaty ..
Month: Current Affairs - December, 2016
CSL completes delivery of 20 FPVs to India Coast Guard
The Cochin Shipyard Limited (CSL) has delivered ICGS AYUSH, the 20th Fast Patrol Vessel (FPV) to the Indian Coast Guard. With this, CSL has completed construction of 20 FPVs for the Indian Coast Guard. ICGS Ayush will be operated from ..
Month: Current Affairs - December, 2016
CBDT extends deadline of Direct Tax Dispute Resolution Scheme
The Central Board of Direct Taxes (CBDT) has extended the last date for availing the Direct Tax Dispute Resolution Scheme to January 31, 2017 from the earlier deadline of December 31, 2016. This extension aims to give companies one more ..
Month: Current Affairs - December, 2016
RBI extends period of enhanced Prepaid Payment Instruments limit
The Reserve Bank of India (RBI) has extended the period of enhanced Prepaid Payment Instruments (PPI) limit of Rs 20,000 as part of efforts to promote digital payments. The limit has been extended till the completion of review of the ..
Month: Current Affairs - December, 2016
PM Narendra Modi launches UPI based mobile payment app called BHIM
Prime Minister Narendra Modi launched UPI based mobile payment application called BHIM (Bharat Interface for Money) at the Digi Dhan Mela held in Talkatora stadium, New Delhi, The app is rebranded version of UPI (Unified Payment Interface) and USSD (Unstructured ..
Month: Current Affairs - December, 2016
Government constitutes committee to review institutionalisation of arbitration mechanism in India
The Union Ministry of Law and Justice has constituted a High Level Committee (HLC) to review institutionalisation of arbitration mechanism in India. The committee will be headed by Justice B N Srikrishna, the retired Judge of Supreme Court. It will ..
Month: Current Affairs - December, 2016
Government meets PMUY target of 1.5 crore LPG connections
The Union Ministry for Petroleum & Natural Gas has met the 1.5-crore target for LPG connections that were to be added under the Pradhan Mantri Ujjwala Yojana (PMUY) in the 2016-17 financial year. This Target was achieved within a span ..
Month: Current Affairs - December, 2016
Government proposes setting up Financial Data Management Centre
The Union Government has proposed setting up Financial Data Management Centre (FDMC) based on recommendation of a committee set up under the Department of Economic Affairs (DEC). The Committee was headed by Ajay Tyagi, Additional Secretary in Union Finance Ministry ..