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World Bank’s Ease of Doing Business
India was raked 63rd in World Bank’s Ease of Doing Business ranking released on October 24, 2019. The ranking comes when the leading financing institutions including RBI, World Bank and IMF are slashing country’s growth forecasts. In 2014, India was ..
Month: Current Affairs - October, 2019
CBIC launches programme to strengthen Make in India
Central Board of Indirect Taxes and Customs (CBIC), India’s nodal national agency responsible for administering Central Excise, Service Tax, Customs, GST, & Narcotics has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India ..
Month: Current Affairs - October, 2019
India to conduct 1st National Time Release Study for faster movement of Cargo
Department of Revenue, under Union Ministry of Finance, is conducting India’s 1st National Time Release Study (TRS) for enabling faster movement of cargo across borders to benefit traders. TRS is an internationally recognized tool advocated by Brussels based World Customs ..
Month: Current Affairs - August, 2019
Cabinet approves signing UN Convention on Mediation
Union Cabinet chaired by Prime Minister Narendra Modi has approved signing of United Nations Convention on International Settlement Agreements (UNISA) resulting from mediation by India. It is scheduled to be signed in Singapore on 7th August, 2019 or at the ..
Month: Current Affairs - August, 2019
Code on Wages Bill
The Union Cabinet of India has approved the Code on Wages Bill. This bill will subsume existing laws and make the code easier for doing business by various businesses in India. What has happened? The new code will subsume a ..
ESI Rate Cut
The government has reduced the rate of contribution for medical care under the ESI (Employees State Insurance) Act to 4% from 6.5%. How does ESI work? The medical services being provided by the ESI Scheme in the respective states and ..