ITC Current Affairs, GK & News

Sanjiv Puri appointed ITC’s New Chairman

ITC Group’s present Managing Director (MD) Sanjiv Puri was elevated as new Chairman and Managing Director of company. His appointment comes after noted industry leader and erstwhile ITC Chairman Yogi C. Deveshwar died on 11 May 2019. Background Y C Deveshwar (aged 72) had stepped down from ITC’s executive role in 2017 but remained non-executive ..

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Y C Deveshwar, noted industry leader and ITC Chairman, passes away

Y C Deveshwar (72), the noted industry leader and ITC Chairman, has passed away in Gurugram on May 11, 2019. He was India’s longest serving CEO and had received the India’s third-highest civilian award ‘Padma Bhushan’ in 2011. Deveshwar took over as chairman of ITC group in 1996 when the company was going through its ..

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GST council reduces Tax rates on Housing

The GST council has decided to slash the tax rate on under-construction residential properties and the affordable housing projects category. Decision of GST council The GST council has reduced the GST rate for under construction from the present 12 per cent to 5 per cent. The GST rate for affordable housing category is now 1 ..

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ITC ties up with NITI Aayog to train 2 lakh farmers to increase their income

FMCG major ITC has joined hands with NITI Aayog to train 2 lakh farmers to increase their income and raise productivity of major crops in 25 “aspirational districts” across seven states in the country by 2022. These 25 aspirational districts are in Assam, Bihar, Jharkhand, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh. Key Facts The ..

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Indian Railway’s launches Mobile ticketing app for suburban commuters in Mumbai

Indian Railways launched a mobile ticketing application for unreserved tickets for commuters in Western Railway. It was launched by Union Railway Minister Suresh Prabhu. This mobile ticketing service will cover 35 stations between the 123 km long Churchgate -Dhauroad and facilitate a hassle free travel for lakhs of daily passengers in Mumbai. Key facts The ..

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