Page-4 of Economy & Banking Current Affairs

Telangana T-Hub 2.0

Chief Minister of Telangana K Chandrasekhar Rao is scheduled to inaugurate the new facility of business incubator T-Hub on June 28, in Hyderabad. About T-Hub The T-Hub (Technology Hub) was established in 2015, at IIT Hyderabad. It is an innovation hub and ecosystem enabler based in Hyderabad. This hub was set up in “public private ..

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BIS Performance standards for EV batteries

The Bureau of Indian Standards (BIS) has created performance standards for batteries being used in electric vehicles, after the recurring incidents of fire. Key Facts BIS has released standard test specifications for lithium-ion traction battery packs and systems (performance testing) for the vehicles. Standard IS 17855:2022 was created for these battery packs and systems has ..

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Extension of GST Compensation Cess

Central government has extended the time to levy GST compensation cess, till March 31, 2022. Highlights Time to levy GST compensation cess has been extended by around 4 years. Thus, according to Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022, compensation cess will continue to be levied from July 1, 2022 ..

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New CEO of NITI Aayog

On June 24, 2022, retired IAS officer Parameswaran Iyer was appointed as the new CEO of NITI Aayog, by Union Government. Key Points Parameshwaran Iyer is a 1981-batch IAS officer from UP cadre. He will replace Amitabh Kant and become the third chief executive officer of the public policy think tank of the government. His term ..

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BRO Cafes to be set up at 75 locations

Ministry of Defence has allowed to open BRO Cafes soon at different sections of border roads with Border Road Organisation (BRO). About BRO Cafes BRO Cafes will shortly open at 75 locations in 12 states and Union Territories. These cafes are aimed at providing basic amenities and comfort to tourists. They will lead to boosting ..

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