Page-44 of Business
Commerce Ministry to devise strategy on product standards
The Union Ministry of Commerce and Industry has released draft Indian National Strategy for Standardisation for standardisation of products and services to provide level playing field to domestic industry and adopt best global practices. The strategy will play an active ..
Month: Current Affairs - March, 2018
Iraq overtakes Saudi Arabia as India’s biggest Oil Supplier
Iraq has overtaken Saudi Arabia to become India’s top crude oil supplier by supplying 38.9 million tonnes (MT) crude oil in the current financial year. It was fifth of the India’s oil needs. India is 80% dependent on imports to ..
Month: Current Affairs - March, 2018
Government sets up Subhash Chandra Garg Committee to regulate fintech sector
The Union Government has set up 8 member steering committee look into the development and regulation of the financial technology (fintech) sector in India. It will be headed by Economic Affairs Secretary Subhash Garg. The move follows an announcement by ..
Month: Current Affairs - March, 2018
Services PMI contracts to 47.8 in February 2018
The Nikkei India Services Business Activity Index contracted at 47.8 in February 2018 compared with 51.7 in January 2018. A reading above 50 implies an expansion while one below 50 denotes a contraction. The contraction shows that activity and new ..
Month: Current Affairs - March, 2018
India 12th largest overseas holder of US securities in 2017
According to recent figures compiled by US Treasury Department, India is 12th largest overseas holder of US government securities. India’s exposure to it has risen sharply to high of US $144.7 billion at end of 2017. The preliminary data from ..
Month: Current Affairs - March, 2018
Cabinet approves establishment of National Financial Reporting Authority
The Union Cabinet approved establishment of National Financial Reporting Authority (NFRA) as an independent regulator for the auditing profession. It aims to tighten regulatory oversight over auditors and plug loopholes. It will be independent from those it regulates for enforcement ..
Month: Current Affairs - March, 2018
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 ..