News:The GST Council has decided to set up a grievance redressal mechanism for taxpayers. Facts: About Grievance Redressal Committee(GRC): The Grievance Redressal Committee(GRC) at zonal and state levels will be set up as a redressal mechanism for taxpayers. It will consist of both central tax and state tax officers, representatives of trade and industry and… Continue reading GST Council to set up grievance redressal mechanism for taxpayers
Category: Daily Factly articles
Govt forms expert panel for time-bound resolution of disputes in oil & gas sector
News:Government has constituted a Committee of External Eminent Persons/Experts for time-bound resolution of disputes in Oil and gas sector. Facts: About the committee: The committee will consist of three members.It will help the oil and gas sector get rid of disputes without having to resort to tardy judicial process. The committee will have a tenure… Continue reading Govt forms expert panel for time-bound resolution of disputes in oil & gas sector
NITI Aayog to launch 2nd edition of SDG India Index
News:NITI Aayog will launch the second edition of the Sustainable Development Goals(SDG) India Index and Dashboard on 30th December,2019 in New Delhi. Facts: About SDG India Index: SDG India Index and Dashboard has been developed by NITI Aayog in collaboration with the Ministry of Statistics & Programme Implementation (MoSPI), Global Green Growth Institute and the… Continue reading NITI Aayog to launch 2nd edition of SDG India Index
Indian Armed Forces set to get their first chief of defence staff
News:Cabinet Committee on Security (CCS) has approved the creation of Chief of Defence Staff (CDS) post. Facts: Background: The proposal for a Chief of Defence Staff(CDS) has been there for two decades. It was recommended by the K.Subrahmanyam committee appointed after the Kargil conflict of 1999 to recommend higher military reforms. However,it did not move… Continue reading Indian Armed Forces set to get their first chief of defence staff
Rohtang tunnel in Himachal Pradesh named as Atal tunnel
News:The Union Cabinet has decided to name the Rohtang Tunnel under Rohtang Pass after former Prime Minister Atal Bihari Vajpayee. Facts: About Atal Tunnel: Atal tunnel is an 8.8-kilometre-long under Rohtang Pass.It will become the world’s longest highway tunnel above 10,000 feet. The tunnel is present on the Pir Panjal Range of Himalayas.The tunnel project… Continue reading Rohtang tunnel in Himachal Pradesh named as Atal tunnel
Govt approves restructuring of Railway Board, unification of services
News:Union Cabinet has approved the restructuring of the Railway Board. Facts: About Railway Board: The Railway Board is the apex body of the Indian Railways which reports to the Parliament via the ministry of railways.At present,the railway board includes eight members. The Cabinet has now restructured the board.It will now consist of four members and… Continue reading Govt approves restructuring of Railway Board, unification of services
India in the midst of significant slowdown:IMF
News:The International Monetary Fund (IMF) has released its consultations report on India. Facts: Key takeaways from the report: The report has said that India’s rapid economic expansion in recent years has lifted millions of people out of poverty. However in 2019, a combination of factors led to subdued economic growth in India. India is now… Continue reading India in the midst of significant slowdown:IMF
Economic revival key to banks’ health
News:The Reserve Bank of India has released a report titled Trend and Progress of Banking in India 2018-19. Facts: Key Highlights from the report: What are the positives in the Banking sector? The Indian banking sector’s financial parameters such as bad loans and capital adequacy have shown an improvement in recent times. In 2018-19, the… Continue reading Economic revival key to banks’ health
RBI launches Prepaid Payment Instrument for your daily digital payments
News:The Reserve Bank has introduced a new type of prepaid payment instrument (PPI) for daily digital payments. Facts: Features of PPI introduced by RBI: The prepaid payment instrument(PPI) could be used only for purchase of goods and services up to a limit of ₹10,000 per month. PPIs shall be issued by bank and non-bank PPI… Continue reading RBI launches Prepaid Payment Instrument for your daily digital payments
South India has higher prevalence of mental disorders: study
News:India State-Level Disease Burden Initiative has released the first report on disease burden attributable to mental health from 1990. Facts: Key Highlights of the report: The study finds that roughly one in seven Indians or 197 million people suffered from mental disorders of varying severity in 2017.Among these,depression and anxiety disorders are the commonest mental… Continue reading South India has higher prevalence of mental disorders: study
