Page-2 of Current Affairs - December, 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) in the 2016-17 financial year. This Target was achieved within a span ..

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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 Committee was headed by Ajay Tyagi, Additional Secretary in Union Finance Ministry ..

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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 workers. The ordinance amends the Payment of Wages Act, 1936 to encourage ..

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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 Senate passed the bill 69-0 votes after the House of Representatives approved ..

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FIPB clears 6 FDI proposals worth Rs 1,200 crore

The Foreign Investment Promotion Board (FIPB) has approved six Foreign Direct Investment (FDI) proposals worth Rs 1,200 crore. Decision in this regard was taken by FIPB meeting headed by Economic Affairs Secretary Shaktikanta Das. It has approved the proposals of, ..

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CBDT inks 2 unilateral APAs with taxpayers

The Central Board of Direct Taxes (CBDT) signed two unilateral Advance Pricing Agreements (APAs) with Indian taxpayers pertain to the Information Technology and automobile sectors. The international transactions covered in these two agreements include software development services, IT enabled services ..

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