Topic: Economies

Petroleum minister Dharmendra Pradhan visits oil field

The Sakhalin oil field in Russia is a prolific oil producing field like Bombay High. Exxon Mobil, Rosneft, Japanese SODECO and ONGC Videsh are the partners in this...

October 30, 2019

Government Proposes Major changes in Corporate Tax Rates

The Union Minister of Finance Nirmala Sitharaman has announced big cuts in the corporate tax rate, giving a ₹1.45 lakh crore stimulus aimed at reviving private investment and...

September 21, 2019

Cabinet approves 5 year extension of Biomedical Research Career Programme

The Union Cabinet approved the extension of the Biomedical Research Career Programme and Wellcome Trust (WT)/DBT India Alliance beyond its initial 10-year term to a new five year...

March 29, 2019

China largest producer of crude steel in world

As per latest report of the World Steel Association (WSA), China is the largest producer of crude steel accounting for more than 51% of production. While, India has...

January 30, 2019

UK partner country at International CII Agro Tech 2018

On December 1, President Ram Nath kovind inaugurated the 13th edition of International CII Agro Tech 2018 with theme ‘Technology in Agriculture: Increasing Farmer’s Income’. The 4-day International...

December 1, 2018

Sushil Modi to head Group of Ministers to examine modalities for ‘calamity tax’ under GST

The Government of India (GoI) has recently constituted a 7-member ministerial panel headed by Bihar Deputy Chief Minister Sushil Modi to examine modalities for revenue mobilisation in case...

October 3, 2018

RBI tightens norms for LRS by making quoting of Permanent Account Number (PAN) mandatory even for transactions below $25,000

On June 19, the Reserve Bank of India (RBI) has tightened norms for Liberalised Remittance Scheme (LRS) by making quoting of the Permanent Account Number (PAN) mandatory even...

June 20, 2018

Recent Government Steps to Make Savings Process simpler for Small Savers

The government has taken steps to make the life easier for small savers and also ensure the motto of ‘minimum government, maximum governance’. Steps taken to ease the...

May 19, 2018

Capital Gains versus Capital Receipts

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings {a prelims...

May 2, 2018

World Bank projects India’s growth rate at 7.3% for 2019 and 7.5% for 2020

The World Bank has projected India’s growth rate at 7.3% for 2019 and 7.5% for 2020. The bank also noted that Indian economy has recovered from the effects...

April 17, 2018

Long Term Capital Gains

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings. Capital...

April 12, 2018

Hasmukh Adhia committee committee on exports constituted by Union Finance Ministry

The Union government has constituted a GST Committee on Exports headed by revenue secretary Dr Hasmukh Adhia to look into issues of export sector and to recommend suitable...

September 19, 2017