Current Affairs

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Current Affairs - December, 2016

India and Singapore ink 3rd Protocol for amending DTAA

India and Singapore have signed a Third Protocol to amend DTAA (Double Taxation Avoidance Agreement) for the avoidance of double taxation and prevention of fiscal evasion with respect...

December 31, 2016

CSL completes delivery of 20 FPVs to India Coast Guard

The Cochin Shipyard Limited (CSL) has delivered ICGS AYUSH, the 20th Fast Patrol Vessel (FPV) to the Indian Coast Guard.  With this, CSL has completed construction of 20...

December 31, 2016

CBDT extends deadline of Direct Tax Dispute Resolution Scheme

The Central Board of Direct Taxes (CBDT) has extended the last date for availing the Direct Tax Dispute Resolution Scheme to January 31, 2017 from the earlier deadline...

December 31, 2016

RBI extends period of enhanced Prepaid Payment Instruments limit

The Reserve Bank of India (RBI) has extended the period of enhanced Prepaid Payment Instruments (PPI) limit of Rs 20,000 as part of efforts to promote digital payments....

December 31, 2016

PM Narendra Modi launches UPI based mobile payment app called BHIM

Prime Minister Narendra Modi launched UPI based mobile payment application called BHIM (Bharat Interface for Money) at the Digi Dhan Mela held in Talkatora stadium, New Delhi, The...

December 30, 2016

Government constitutes committee to review institutionalisation of arbitration mechanism in India

The Union Ministry of Law and Justice has constituted a High Level Committee (HLC) to review institutionalisation of arbitration mechanism in India. The committee will be headed by...

December 30, 2016

Government meets PMUY target of 1.5 crore LPG connections

The Union Ministry for Petroleum & Natural Gas has met the 1.5-crore target for LPG connections that were to be added under the Pradhan Mantri Ujjwala Yojana (PMUY)...

December 30, 2016

Government proposes setting up Financial Data Management Centre

The Union Government has proposed setting up Financial Data Management Centre (FDMC) based on recommendation of a committee set up under the Department of Economic Affairs (DEC). The...

December 30, 2016

President gives assent to Payment of Wages (Amendment) Ordinance, 2016

President Pranab Mukherjee has given assent to Payment of Wages (Amendment) Ordinance, 2016, to enable industries to pay wages by cheque or credit into the bank accounts of...

December 30, 2016

Colombia passes FARC amnesty law

Colombia’s Congress passed a law granting amnesty to Marxist FARC (Revolutionary Armed Forces of Colombia) rebels as part of historic peace deal reached between rebels and Government. The...

December 30, 2016

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