Finance Minister announces 102 lakh crore rupees project

On December 31, 2019, Finance Minister Nirmala Sitaraman announced 102 lakh crore worth projects to be implemented in next 5 years. During the announcement, she also released the report of Task Force on National Infrastructure Pipeline for 2019-2025. Highlights The infrastructure projects are to be introduced in railways, power, urban, irrigation, health and education. These ..

Month: Current Affairs - January, 2020

Category: Economy & Banking Current Affairs

Topics: 5 Trillion Dollar Economy • Economic growth • Finance Ministers of India • Finance Ministry • Growth rate • IMF • Infrastructure Development • nirmala sitaraman • World Bank

Major global cities to slow down according to research

New research studies have predicted that the growth in major cities around the world will slow down in 2020 and 2021. The Oxford economic researchers reported that out of 10 major cities across the world, 9 will slow down. Of the top 900 cities across the world, nearly two thirds is expected to experience slower ..

Topics: China • Countries • Economic development • Economic growth • Economy • Economy of Asia • Economy of India • Forms of government

Lok Sabha clears Taxation (Amendment) bill, 2019

On December 2, 2019, Lok Sabha passed the Taxation Laws (Amendment) bill, 2019. The main objective of the bill is to provide an option for the domestic companies to pay taxes at the rate of 22%. Key Features The bill replaced the ordinance promulgated by the President in September 2019. The ordinance reduced corporate taxes. ..

Month: Current Affairs - December, 2019

Category: Legal & Constitution Current Affairs

Topics: Bills and Acts • Bills and Amendements • CLAT • Economic growth • Finance Act 2019 • Income Tax Act 1961 • Investment • Lok Sabha • Ordinances • Taxation

NITI Aayog’s concerns on Vehicle Scrappage Policy

The Ministry of Road and Transport Highways recently released Draft Guidelines for Vehicle Scrapping Facility. The guidelines include land requirements, scrapping procedures, criteria for scrapping of vehicles. It applies to all automobile collection centers, vehicle owners, required audits and finances. The federal policy think tank on November 21, 2019, raised concerns on implementation of the ..

Month: Current Affairs - November, 2019

Topics: Automobile Sector • Economic growth • Ministry of Road Transport & Highways • NITI Aayog • Policy • Vehicle • Vehicle Scrappage Policy

Committee on Companies Act, 2013 submits its report to Finance Ministry

Ministry of Finance and Corporate Affairs constituted the Company Law Committee in September 2019. The Committee submitted its report to the Finance Minister on November 18, 2019. Objective of the Committee The Committee was constituted to decriminalize the Companies Act, 2013. This is being done to provide Ease of Living for Corporate in the country. ..

Month: Current Affairs - November, 2019

Category: Reports & Indexes Current Affairs

Topics: Companies Act 2013 • Corporate Sector • Economic growth • Growth rate • Ministry of Finance • NCLT