GoI amends FDI policy

On April 18, 2020, the Government of India amended the Foreign Direct Investment (FDI) policy. This has been done to prevent opportunistic acquisitions of Indian companies due to COVID-19 economic crisis. The amendments has been made to the Consolidated FDI policy, 2017. What is the current rule? Under the current rule, any non-resident entity from ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: Atomic Energy • Defence • FDI • India China • India's Neighbourhood • neighbourhood first policy • space

CBDT releases relief funds to MSME

The Central Board of Direct Taxes (CBDT) issued Rs 5,204 cores as relief funds to MSME (Micro Medium and Small Enterprises) sector. Around 8.2 lakh small businesses have received Income Tax Refunds so far. Highlights In the last 10 days, CBDT issued Rs 5,204 crores as Income Tax refunds. The funds were issued to help ..

Month: Current Affairs - April, 2020

Category: Economy & Banking Current Affairs

Topics: CBDT • Central Board of Direct Taxes (CBDT) • COVID-19 • liquidity • MSME • Tax

Nigerian Chief Aide of President Muhammadu Buhari dies of COVID-19

Nigerian President Muhammadu Buhari’s Chief Aide Abba Kyari died of COVID-19 on April 17, 2020. He had tested positive for the disease and had been receiving treatment for the disease. Abba Kyari Abba Kyari controlled access to Nigerian President Muhammadu Buhari. He was a former military ruler and had tested positive after his visit to ..

Month: Current Affairs - April, 2020

Category: Awards, Persons & Places in News

Topics: Abba Kyari • Balance of Payments • COVID-19 • Diseases • Genral Muhammadu Buhari • Germany • Military Coup • Nigeria

National List of Intangible Cultural Heritage of India launched

On April 18, 2020, the Union Minister of culture Shri Prahlad Singh Patel launched the National List of Intangible Cultural Heritage. The list is to include 13 elements that are already included in UNESCO Representative list of Intangible Cultural Heritage of Humanity. Highlights The initiative is a part of Vision 2024 of Ministry of Culture. ..

Month: Current Affairs - April, 2020

Category: Art & Culture Current Affairs

Topics: Customs • Intangible cultural heritage • Intangible Cultural Heritage list • Intellectual Property • Social policy • UNESCO • UNESCO Intangible Cultural Heritage Lists

Revised draft of Electricity (Amendment) bill, 2020 launched

The Ministry of Power has made changes to the Electricity (Amendment) bill, 2020. This is being done to promote electricity generation from renewable sources. Key Features of the bill Electricity Contract enforcement Authority is to be created Launch of National Renewable Energy Policy Payment security has been made necessary to schedule distribution of electricity and ..

Month: Current Affairs - April, 2020

Category: Legal & Constitution Current Affairs

Topics: Central Electricity Authority • CLAT • DISCOMs • electricity act • Electricity Contract Enforcement Authority • Hydropower • national renewable energy policy • Renewable energy