ICF rolls out Train 18, the NextGen Shatabdi News: India’s first engine-less semi-high speed train named “Train 18” was rolled out recently by the Integral Coach Factory (ICF) here and will eventually replace the Shatabdi Express for inter-city travel. Important News: 2. Features: This is the first long-distance train without separate locomotive (engine) and thus… Continue reading ICF rolls out Train 18, the NextGen Shatabdi
Tag: Economy
Time to talk: on Centre-RBI differences
Time to talk: on Centre-RBI differences News: The simmering tensions between the Reserve Bank of India and the Centre found spectacular release recently through a public speech by Deputy Governor Viral Acharya. Important Facts: 2. A certain amount of creative tension is systemically in-built between Reserve Bank of India and Centre given their different perspectives.… Continue reading Time to talk: on Centre-RBI differences
State ranked first with 10.5% growth
State ranked first with 10.5% growth News: Andhra Pradesh has achieved number one rank in the country with an average growth of 10.5% during the last four years, surpassing many developed States such as Maharashtra and Gujarat following “focused approach” Important Facts: 2. Andhra Pradesh (AP) achieved a growth rate of 10.5 per cent in… Continue reading State ranked first with 10.5% growth
Not just liquidity: on NBFCs crisis
Not just liquidity: on NBFCs crisis News: Non-banking financial companies are stuck in a liquidity crises which has now reached to the tumbling stock prices. Important Facts: About the crises: It started with defaults by Infrastructure Leasing and Financial Services Ltd (IL&FS), which has been classified as core investment company by RBI. This infrastructure lender… Continue reading Not just liquidity: on NBFCs crisis
A job at hand
A job at hand News The Union Ministry of Labour has urged States to issue orders permitting fixed-term employment (FTE) across industries. Important Facts: Fixed-term employment Fixed-term employment is a contract in which a company or an enterprise hires an employee for a specific period of time. Under fixed-term employment, workers are entitled to statutory… Continue reading A job at hand
India set to be third largest aviation market
India set to be third largest aviation market News: In its latest 20-year forecast for the aviation industry, the International Air Transport Association (IATA) has revealed that India will be the third largest aviation market globally in 6 years. Important Facts: 2. India is now expected to be among the top three countries by 2024… Continue reading India set to be third largest aviation market
Tribunal to try benami cases soon
Tribunal to try benami cases soon News: The government has approved the appointment of Adjudicating Authority and establishment of Appellate Tribunal for speedy disposal of cases related to benami transactions. Important Facts: The Adjudicating Authority and Appellate Tribunal has been created under Prohibition of Benami Property Transactions Act (PBPT), 1988. Salient Features of Adjudicating Authority… Continue reading Tribunal to try benami cases soon
Our fixation with metro rail projects
Our fixation with metro rail projects News: The article discusses about the viability metro rail system in India with regard to the economic viability and the transportation needs of cities. Important Facts: Metro projects in India: After the first metro project in Kolkata in 1984, India executed its second metro rail project in Delhi in… Continue reading Our fixation with metro rail projects
In the net
In the net News: The article discusses about the low share of direct taxes in the total pool of taxes inspite of the wider tax base in this net. Important Facts: Data: According to data released by the Central Board of Direct Taxes (CBDT), the total number of tax returns filed in the country increased… Continue reading In the net
Panel for adopting UN model on cross-border insolvency
Panel for adopting UN model on cross-border insolvency News: The Insolvency Law Committee (ILC) has suggested amendments to India’s Insolvency and Bankruptcy Code (IBC) to align it with United Nations’ model to handle cross-border insolvency cases. Important Facts: The ILC headed by Ministry of Corporate Affairs (MCA) secretary Injeti Srinivas recommended the adoption of the… Continue reading Panel for adopting UN model on cross-border insolvency
