National Sports Development Fund

The Security Printing & Minting Corporation of India recently contributed 1 crore INR to the National Sports Development Fund as part of Corporate Social Responsibility.  About the Fund: The NSDF was established and notified in 1998 under the Charitable Endowments Act of 1890. It was created to mobilise funding for developing sports in the country. ..

Topics: CSR • Income Tax • Ministry of Youth Affairs and Sports • National Sports Development Fund

National Pension Scheme for traders: Not successful as expected

The National Pension Scheme for traders, Shopkeepers and Self-Employed persons, also called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana was launched in July 2019. It aimed at benefitting 3 crore small traders and shopkeepers Highlights The Government set a target of 50 lakh enrolment by the end of March 2020. However, only 25,000 persons have ..

Month: Current Affairs - January, 2020

Category: Government Schemes Current Affairs

Topics: Income Tax • Ministry of Labour and Employment • national pension scheme • Pension • Pension Scheme for Traders • Pension Schemes

Tripura gets its first Special Economic Zone(SEZ)

The Ministry of Commerce and Industry on Monday, 16th December 2019 has notified the setting up of the first-ever Special Economic Zone(SEZ) in Tripura. The Special Economic Zone(SEZ) in Tripura will be set-up at the Paschim Jalefa region of Sabroom in the South Tripura District, which is about 130 km away from the capital city ..

Category: India Nation & States Current Affairs

Topics: Agartala • Bamboo • Income Tax • Industries • Special economic zones • Textile • Tripura • Tripura Industrial Development Corporation

CBDT inaugurates Web Portal for exchange of information on Income Tax

Central Board of Direct Taxes (CBDT) has inaugurated the Web Portal for Exchange of Information on Income Tax which will consolidate all relevant Automatic Exchange of Information (AEOI) related information at one place. This portal will help in convenient access by public, financial institutions as well as departmental officers at large. Web Portal for Exchange ..

Month: Current Affairs - November, 2019

Category: Economy & Banking Current Affairs

Topics: AEOI • Automatic Exchange of Information • CBDT • Central Board of Direct Taxes • Income Tax • IT Department • Web portal

Government launches National E-Assessment Scheme

The National E – assessment scheme was launched to make income tax assessment faster, smoother and hassle – free. The system focuses on eliminating the middle men between the tax payer and the officer. It aims at communicating directly to the tax payer when an issue arises in the process of tax assessment. Highlights of ..

Month: Current Affairs - October, 2019

Category: Economy & Banking Current Affairs

Topics: Income Tax • Income Tax act of India • IT act of India • National E - assessment Center • Tax