Kerala becomes first Indian state to provide maternity benefits in private educational sector

In a path-breaking development, the Central Government has recently approved the Kerala Government’s decision to bring teachers and other staff of private educational institutions under the Maternity Benefit Act. When the amendment to the Act comes into force, Kerala would ..

Tags: Employee benefits • Family • Family law • Maternity Benefit (Amendment) Act • Modi administration

Injeti Srinivas Committee to look into offences under the Companies Act

The government has constituted a committee under Injeti Srinivas, secretary of the Corporate Affairs Ministry to look at recategorization of certain offences under the Companies Act as civil offences as well as review other provisions of the Companies Act and ..

Tags: Business law • Corporate law • Indian company law • Law • Legal entities

RBI Surplus Transfer to Government

The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government from its own reserves. RBI Reserves The following three funds of RBI constitute the Reserves. They are: Currency and Gold Revaluation Account (CGRA), ..

Tags: Contingency Fund • Economy of India • Finance • Modi administration • Public Sector

Government of India notifies Sabka Vishwas – Legacy Dispute Resolution Scheme 2019

The Government of India (GoI) has recently notified the Sabka Vishwas – Legacy Dispute Resolution Scheme 2019 to reduce legacy service tax and central excise cases in the pre-GST era. The scheme will be operationalized from 1st September 2019 & ..

Tags: Modi administration • Tax • Taxation in India

GST Council to reduce GST Rate on Electrical Vehicles from 12% to 5%

In a bid to promote electric mobility, the GST Council has decided to reduce GST Rate on Electrical Vehicles from 12% to 5% and on charger or charging stations for Electric vehicles from 18% to 5%. The new rates will ..

Tags: Charging stations • Electric bus • Electric vehicle • Electric vehicles • Government of India

Rajiv Kumar appointed as vice chairman of NITI Aayog

Prime Minister Narendra Modi has recently reconstituted the federal policy think-tank National Institution of Transforming India (NITI) Aayog by introducing key Cabinet ministers as members as ex-officio members. Defence minister Rajnath Singh, Home minister Amit Shah, Finance minister Nirmala Sitharaman ..

Tags: Defence Ministers of India • Ex officio member • Government of India • Modi administration • Narendra Modi ministry