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CBDT achieves important milestone of signing 200 APAs
The Central Board of Direct Taxes (CBDT) has crossed an important milestone of having signed 200 Advance Pricing Agreements (APAs). It was achieved after it entered into seven more APAs in February 2018. All the seven were Unilateral APAs and ..
Month: Current Affairs - March, 2018
Union Cabinet approves Action Plan for Champion Sectors in Services
Union Cabinet has approved the proposal of Ministry of Commerce and Industry to give focused attention to 12 identified Champion Services Sectors (CSS) for promoting their development and realizing their potential. 12 identified CSS are Information Technology & Information Technology ..
Month: Current Affairs - March, 2018
42nd Civil Accounts Day (CAD-2018) celebrated on 1 March
The 42nd Civil Accounts Day (CAD-2018) was celebrated by Indian Civil Accounts Service (ICAS) on March 1 in New Delhi to mark the 42nd anniversary of the beginning of the ICAS on this day in 1976. The ICAA is one ..
Core sector grows at 6.7% in January 2018
According to index of eight core industries released by Ministry of Commerce and Industry, Core sector growth has grown at faster pace of 6.7% in January 2018 against 3.4% in January 2017. The eight core sectors had grown by 4.2% ..
Month: Current Affairs - March, 2018
Manufacturing growth falls to four-month low in February 2018: PMI
According to Nikkei India Manufacturing Purchasing Managers Index (PMI), India’s manufacturing sector activity fell to four-month low in February 2018 as factory output and new business orders rose at slower pace. The monthly PMI fell to 52.1 in February 2018 ..
Month: Current Affairs - March, 2018
AIIB approves $1.5 billion in loans to India for infrastructure projects
China-based Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018. The funds will be used for investment in India’s energy, roads and urban development projects. It also includes $200 million commitment ..
Month: Current Affairs - February, 2018
India’s first Aviation Multi Skill Development Centre launched in Chandigarh
India’s first Aviation Multi Skill Development Centre (MSDC) was launched at Chandigarh Airport’s old terminal. The Centre is a CSR initiative of Airports Authority of India (AAI) and will initially train 2,360 students free of cost in three years. Aviation ..
Month: Current Affairs - February, 2018
Government appoints IIFT, ICAI, NICMAR to improve World Bank's 'Doing Business' ranking
The Union Commerce and Industry ministry has appointed four institutes to interact with stakeholders and suggest measures to push India’s ranking in World Bank’s Ease of Doing Business Index. They are National Institute of Construction Management and Research (NICMAR), Indian ..
Month: Current Affairs - February, 2018
RBI raises ETCD trading limit to $100 million
Reserve Bank of India (RBI) has raised exposure limit under exchange traded currency derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving Indian rupee. This decision aims to help entities engaged ..
Month: Current Affairs - February, 2018
Inclusive Internet Index 2018: India ranks 47th
India was ranked 47th out of 86 countries in Inclusive Internet Index (III) 2018 report. India has slipped by 11 positions compared to 36th rank in 2017 III report due to low internet usage and poor quality. The report was ..