India-made goods to be duty-free at airports

The Finance Ministry has notified that Duty-Free-Shops (DFSs) at airports in India will be allowed to sell goods manufactured in India without paying any duty. Objective: To promote ‘Brand India’. Till now the DFSs located at arrival halls of international airports have been selling duty-free imported goods. Indigenous goods are also sold but not exempted ..

Month: Current Affairs - May, 2013

Topics: Economy • Ministry of Finance

Strategic IAF airbase at Thanjavur ready to serve nation

Indian Air Force (IAF) will dedicate a newly upgraded Air Force Station in Thanjavur Tamil Nadu to the nation on May 27, 2013. Earlier, the airbase was a vintage airfield of World War I which has been added with modern infrastructure and facilities to add to the capabilities of Southern Air Command. The Indian Air ..

Month: Current Affairs - May, 2013

Topics: Tamil Nadu

China ink MoU with Pak to build transport corridor passing through PoK

Chinese PM Li Keqiang, who recently concluded his India visit followed by two-day visit to Pakistan, signed an MoU with Pakistan which aims at formulating long term plan b/w both countries for the China-Pakistan economic corridor project and gradually push forward its construction. What is India’s concern? China is going ahead with the project which ..

Month: Current Affairs - May, 2013

Topics: China • India China • India- Pakistan • India-International Relations • Pakistan

Malayalam to get ‘Classical Language’ status

The Union Cabinet has approved classifying Malayalam as a ‘Classical Language’. What is a ‘Classical Language’ ? A classical language is a language with a literature (art of written work) that is classical. U.C.Berkeley linguist George L. Hart defined Classical Language as follows: “It should be ancient, it should be an independent tradition that arose mostly ..

Month: Current Affairs - May, 2013

Topics: Current Affairs - 2017 • Entertainment • IBPS • Socio-Economic

Government to create 20,751 additional posts in IT Dept

The Cabinet has approved the proposal for creation of 20,751 additional posts in the Income Tax Department in various cadres. Of them, 1349 posts will be in the Indian Revenue Services (IRS) cadre and 19,402 posts in the non-IRS cadres. This will help the Income Tax Department collect more revenue and provide better services to tax payers. The addition of posts is likely ..

Month: Current Affairs - May, 2013

Topics: IBPS • Socio-Economic