The Central Board of Indirect taxes(CBIC) has set up three working groups to suggest ways to facilitate exports, especially through e-commerce, and improve compliance by way of curbing tax evasion. The working groups will focus on (a) improving the legislative structure of customs tariff and update it to suit the emerging and future needs of… Continue reading CBIC working groups to boost exports
Category: Daily Factly articles
OIC outreach hints at reset of ties
India has been invited to a ministerial meeting of the Organisation of Islamic Countries (OIC), a powerful block of Muslim nations. This is the first time India has been invited to the OIC after 1969, when then Indian minister was disinvited on arriving at Morocco, after Pakistan’s President protested against Indian participation. Organisation of Islamic… Continue reading OIC outreach hints at reset of ties
World Bank, UN, SIDBI launch Rs 300 crore Women’s Livelihood Bond
World Bank, UN Women, and Small Industries Development Bank of India (SIDBI) have collaborated to launch a new social impact bonds exclusively for women, called Women’s Livelihood Bonds (WLBs), with an initial corpus of Rs 300 crore. The proposed bond will enable individual women entrepreneurs in sectors like food processing, agriculture, services and small units… Continue reading World Bank, UN, SIDBI launch Rs 300 crore Women’s Livelihood Bond
President unveils the Mahatma’s statue at Hindi Prachar Sabha
The President of India unveiled a statue of Mahatma Gandhi at the Dakshina Bharat Hindi Prachar Sabha in Chennai. Dakshina Bharat Hindi Prachar Sabha was established in the year 1918 by Father of the Nation Mahatma Gandhi with the sole aim of propagating Hindi in southern states.The first Pracharak was Devadoss Gandhi son of Mahatma… Continue reading President unveils the Mahatma’s statue at Hindi Prachar Sabha
Hunt Down Rohingya, Assam Govt tells Cops
The Assam government has ordered a crackdown on Rohingya Muslims believed to have been settled down with the help of some vested interests. Rohingya is an ethnic group, largely comprising Muslims, who predominantly live in the Western Myanmar province of Rakhine. They speak a dialect of Bengali, as opposed to the commonly spoken Burmese language… Continue reading Hunt Down Rohingya, Assam Govt tells Cops
Audit source code of VVPATs, EVMs
Supreme Court has sought the Election Commission’s view on a petition demanding an audit of the source code, which is considered the brain of the EVMs. Source code is the list of instructions that cause the computer to display screens, record votes, tally votes, and perform all other functions both visible and invisible. For example,… Continue reading Audit source code of VVPATs, EVMs
White House receives proposed regulation to end work authorisation for spouses of H1-B Visa holders
White House has received the proposed changes in the existing regulations to end the work authorisation for spouses of the holders of H-1B visas. The H-1B visa is a non-immigrant visa.It allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.Dependents of H-1B visa holders get H-4 visas. In… Continue reading White House receives proposed regulation to end work authorisation for spouses of H1-B Visa holders
Centre lists projects to stop flow of India’s share of water to Pak
Government has listed out the details of the projects being implemented by India to stop the flow of water to Pakistan that belongs to India. The Indus system comprises Indus river, Jhelum, Chenab, Ravi, Beas and Sutlej. The basin is mainly shared by India and Pakistan with a small share for China and Afghanistan, Under… Continue reading Centre lists projects to stop flow of India’s share of water to Pak
India, Russia close to inking multi-billion agreement for AK-103 assault rifles
India and Russia are finalising an Inter-Governmental Agreement (IGA) for a multi-billion deal to locally manufacture AK-103 assault rifles. According to the arrangement with Russia, a Kalashnikov factory will be set up in India in collaboration with the OFB (Ordnance Factories Board). It would cater to the forces for hinterland and counter-insurgency operations. The Indian… Continue reading India, Russia close to inking multi-billion agreement for AK-103 assault rifles
Labour Bureau submits report on jobs created by MUDRA loans
The Labour Bureau has submitted its report on jobs created by MUDRA scheme. In 2017, the Labour Ministry had asked the Labour Bureau to initiate the survey on jobs created through the MUDRA scheme. Labour Bureau is an attached office under Ministry of Labour and Employment. It is responsible for the collation, collection and publication… Continue reading Labour Bureau submits report on jobs created by MUDRA loans
