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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 become the first state in India to provide maternity benefits in the private educational sector. ..
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 the Limited Liability Partnerships Act 2008. Mandate of the Committee The committee will look into ..
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), Contingency Fund (CF), Asset Development Fund (ADF). The CGRA is the largest and makes up ..
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 & would continue till 31st December 2019. The two main components of the Scheme are dispute ..
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 come into effect from the 1st of August 2019. The Council also approved an exemption ..
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 and Agriculture minister Narendra Singh Tomar are now ex-officio members of the think tank that ..
Union Defence Minister Rajnath Singh will chair the Cabinet Committee on Parliamentary Affairs and be part of the all-important panel on political affairs headed by Prime Minister Narendra Modi. Singh was also made a member of two new committees set up by the Modi government — the Cabinet Committee on Investment and Growth and the ..
The Indira Gandhi National Open University (IGNOU) has launched an awareness programme on Goods and Services Tax (GST) in collaboration with Bombay Stock Exchange (BSE) Institute Limited to help small scale businesses. The purpose of the GST programme is to impart basic knowledge and skills required to fulfil various requirements under the GST Act. It ..