The Central Board of Direct Taxes (CBDT) has decided to enter into a memorandum of understanding(MoU) with GST Network(GSTN). The MoU will allow income tax department to share details including sales and profits that businesses have reported in their income tax returns with GSTN to scale up scrutiny and check tax evasion. This move will… Continue reading I-T Dept.,GSTN to sign MoU for sharing data to prevent anomalies
Category: Daily Factly articles
NSE fined ₹1,000 crore in co-location case
Securities and Exchange Board of India(SEBI) has barred National Stock Exchange(NSE) from raising money on securities markets for six months and has also fined NSE Rs 1000 crore under NSE co-location scam. Under the NSE co-location facility,trading members can place their servers in the exchange’s data centre,where they get faster access to the price feed,helping… Continue reading NSE fined ₹1,000 crore in co-location case
Now a portal to register e-vehicles
Maharashtra Government has announced its State Electric Vehicle Policy. Under this policy,Maharashtra has launched a new web portal for the registration of battery-operated vehicles.This portal will work as a gateway for sanction and disbursement of fiscal incentive to the buyers of Electric Vehicle (EVs), As per the approved policy,an enabling environment will also be created… Continue reading Now a portal to register e-vehicles
Indonesia to move capital out of Jakarta
Indonesia has decided to move its capital from Jakarta by establishing a new center of government outside Java.However,the exact location is still to be decided and could take up to 10 years to implement. The reason for shifting the capital is (a)to ensure a more equitable development of the country amid environmental concerns and overcrowding… Continue reading Indonesia to move capital out of Jakarta
Nirmala Sitharaman attends SCO Defence Ministers’ conclave at Bishkek
Indian Defence Minister has attended the Shanghai Cooperation Organisation(SCO) Defence Ministers conclave at Bishkek in Kyrgyzstan. During the conclave,participating members discussed ways to boost defence and security cooperation among the member countries in the wake of evolving security challenges in the region. The Shanghai Cooperation Organisation,also known as the Shanghai Pact,is a Eurasian political,economic,and military… Continue reading Nirmala Sitharaman attends SCO Defence Ministers’ conclave at Bishkek
Muslim Brotherhood may be put on terror list
USA President has advocated to designate the Muslim Brotherhood as a terrorist organization. The designation would impose sanctions on the group and those who do business with it. The Muslim Brotherhood is a missionary movement founded in Egypt in 1928 by Hassan al-Banna, a schoolteacher. He argued that an Islamic religious revival would enable the… Continue reading Muslim Brotherhood may be put on terror list
Sri Lanka lifts social media ban imposed after Easter blasts
The Sri Lankan government has lifted a nationwide blanket ban on social media which it had put after the recent devastating Easter Sunday bombings. The government has also the public to share content on social media sites with “utmost responsibility” while bearing in mind the current situation of Sri Lanka The ban on social media… Continue reading Sri Lanka lifts social media ban imposed after Easter blasts
Sushma asks U.S. for Iran oil import waiver
The Government of India has urged the United States to continue waiver on sanctions for India on import of Iranian crude oil after the May 2 deadline was imposed by the U.S. administration. India has also emphasised that it would not be easy for India an alternative source for 23.5 million tonnes of oil,which is… Continue reading Sushma asks U.S. for Iran oil import waiver
Fani is India’s strongest April cyclone in 43 years, say meteorologists
According to records from the India Meteorological Department (IMD), Cyclonic storm Fani is the first severe, cyclonic storm to have formed in April in India’s oceanic neighbourhood since 1976. Severe cyclones generate maximum wind speeds of 89-117 kmph. They generally are concentrated in November, after the monsoon or around May, when the monsoon prepares to… Continue reading Fani is India’s strongest April cyclone in 43 years, say meteorologists
68 painted stork carcasses buried
Carcasses of 68 Painted Storks have been buried at the Koonthankulam Birds’ sanctuary. The birds had died after heavy winds uprooted trees in the sanctuary. The Painted Stork is a large wading bird in the stork family. Their distinctive pink tertial (flight) feathers of the wing are pink and give them their name. It is… Continue reading 68 painted stork carcasses buried
