Current Affairs

GK MCQs Section

Foreign Investment

What is Angel Tax?

The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. Say a startup SSS sells...

February 3, 2023

Kochi Water Metro Project

The Kochi Water Metro Project is a ferry transport project. It provides feeder service to the suburbs. With this Kochi has become the first city in India to...

January 10, 2022

CBDT exempts Sovereign Wealth Fund: Key Facts, Benefits, Types, Sources of Sovereign Wealth Fund

The Central Board of Direct Taxes recently exempted the interest, dividend and long term capital gains made by the Sovereign Fund MIC Redwood 1 RSC Limited of Abu...

November 4, 2020

Injeti Srinivas Committee submits report

On October 22, 2020, the Injeti Srinivas Committee submitted its second interim report to the chairperson of International Financial Services Centres Authority (IFSCA). It was an IFSCA Expert...

October 23, 2020

Defence Minister releases new Defence Acquisition Procedure

On September 28, 2020, the Defence Minister Raj Nath Singh released a new Defence Acquisition Procedure, 2020. It has special incentives for products that are designed and developed...

September 28, 2020

Google to invest 10 billion USD in India

On July 13, 2020, PM Modi interacted with the CEO of Google, Mr Sundar Pichai. After the interaction, the CEO announced that Google is to invest 10 billion...

July 13, 2020

RBI releases International Investment Position

On June 30, 2020, Reserve Bank of India released its data on International Investment Position, IIP. Highlights According to the data, the direct investment in the country rose...

July 1, 2020

GoI amends General Financial Rules

On May 21, 2020, the Government of India amended General Financial Rules to make sure the goods and services that are of value less than Rs 200 crores...

May 22, 2020

Claims against India under Bilateral International Treaty dismissed

The Bilateral International Treaty organization, an international arbitration tribunal recently dismissed all the claims against India. Highlights The claims against India was brought the organization by private firms...

January 22, 2020

Global Bio-India Summit: India’s first largest biotechnology conference

India’s largest biotechnology conglomerate was held in New Delhi between 21 November, 2019 and 23 November, 2019. The event was organized by the Department of Bio Technology under...

November 24, 2019

Archives

Archives

Archives