According to a recent report,Goods and Services Tax (GST) which was introduced in 2017 has seen the Indirect tax collections increased.However, shift in trade towards a formal economy has been slower than expected. The report also said that under GST regime,the manufacturing sector witnessed an increase in working capital requirements while the services sector has… Continue reading Shift to formal trade slower than expected
Category: Daily Factly articles
U.S. upset as Russian planes land in Venezuela
The Russian foreign ministry has said that two planes consists of Russian specialists has landed in Venezuela.The presence of Russian specialists in Venezuela is governed by a military-technical cooperation agreement between the two countries that was signed in 2001. Russia has long been an ally of Venezuela,and has provided military and economic support.Russia has also… Continue reading U.S. upset as Russian planes land in Venezuela
Young Scientist Programme (Yuvika) – Online Registration
Indian Space Research Organisation has started the online registration process for Young Scientist programme.This program is also called asYUva VIgyani KAryakram(YUVIKA). The Young Scientist Program is primarily aimed at imparting basic knowledge on Space Technology,Space Science and Space Applications to the younger ones with the intent of arousing their interest in the emerging areas of… Continue reading Young Scientist Programme (Yuvika) – Online Registration
Japan gives UN World Food Programme $69m
Japan has donated $69 million to the United Nations World Food Programme to provide vital aid to 28 countries in the Middle East, Africa, and Asia, with the biggest share of the money being earmarked for Yemen and Iraq.Japan is one of WFP’s top donors and has contributed $958 million to the UN agency since… Continue reading Japan gives UN World Food Programme $69m
Indian Navy’s maiden nuclear, biological and chemical training facility inaugurated in Lonavla
Chief of Naval Staff inaugurated the nuclear,biological and chemical training facility(NBCTF) ‘Abhedya’ at INS Shivaji in Lonavala, Maharashtra.This facility has been built by Goa Shipyard Limited. The word “Abhedya” means ‘impenetrable’.It symbolises the protective cover that is provided on naval ships fitted with nuclear,biological and chemical detection and protection systems. This training facility will assist… Continue reading Indian Navy’s maiden nuclear, biological and chemical training facility inaugurated in Lonavla
Pakistan okays plan to open Sharda Peeth corridor for Hindu pilgrims in PoK
Pakistan Government has approved proposal to establish Sharda Peeth corridor that will allow Hindu pilgrims especially Kashmiri Pandits from India to visit the Sharda Peeth,an ancient Hindu temple and cultural site in Pakistan-occupied Kashmir. The Sharda Peeth corridor when opened will be the second religious tract after Kartarpur corridor in Pakistan-controlled territory that will connect… Continue reading Pakistan okays plan to open Sharda Peeth corridor for Hindu pilgrims in PoK
VVIP chopper deal case: ED arrests another accused Sushen Mohan Gupta
The Enforcement Directorate (ED) has arrested a defence agent in the Rs 3,600-crore AgustaWestland VVIP choppers deal case.He was arrested by ED under the Prevention of Money Laundering Act (PMLA). In 1999,Indian Air Force had floated a proposal for acquisition of 12 VVIP helicopters to ferry top government functionaries.In 2010,the deal was granted to AgustaWestland.… Continue reading VVIP chopper deal case: ED arrests another accused Sushen Mohan Gupta
Let Finance Commission function the way it does now
According to former Reserve Bank of India Governor,Finance Commission should be allowed to function in the same manner as it is doing currently.He said that the permanent structure would dilute the neutrality of the Finance Commission between the Union and the States through a process of continuous association with the government. Earlier,Present RBI Governor had… Continue reading Let Finance Commission function the way it does now
China destroys 30,000 ‘incorrect’ world maps
Customs officials in China have destroyed nearly 30,000 world maps printed in the Country. This is because the maps did not show Arunachal Pradesh and Taiwan as part of its territory. China claims Arunachal Pradesh as South Tibet, a part of part of the Tibet Autonomous Region. China bases it claim on the argument that… Continue reading China destroys 30,000 ‘incorrect’ world maps
Garibi Hatao 2.0: Rahul promises to wipe out poverty
As part of the Congress manifesto for general elections 2019, Congress chief Rahul Gandhi has announced that 20% of the poorest families in India would be annually given Rs. 72,000 each under the Nyuntam Aay Yojana (NYAY) or minimum income guarantee scheme, if his party was voted to power. Under the NYAY, the income threshold… Continue reading Garibi Hatao 2.0: Rahul promises to wipe out poverty
