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  • 12-Jan-2019
  • GST Registration Threshold Limit Increased To Rs 40 Lakh

    The 32nd Meeting of GST Council was concluded in New Delhi. The Limit of annual turnover for composition scheme increased to 1.5 crore rupees effective from April 1, 2019.
    The Council has decided to increase the GST registration threshold limit to 40 lakh rupees from 20 lakh. The Taxpayers who are giving Services of up to Rs 50 lacs per annum will be taxed under 6% under Composition Scheme.

  • 07-Jan-2019
  • All You Need to Know About New Rs10 Banknote in Mahatma Gandhi Series

    The Reserve Bank of India has announced to issue Rs10 denomination banknotes in the Mahatma Gandhi (New) Series. The new denomination has the motif of Sun Temple, Konark on the reverse, depicting the country's cultural heritage.
    The base colour of the note is Chocolate Brown. The dimension of the banknote will be 63 mm x 123 mm.

  • 05-Jan-2019
  • NGT Imposes Rs 100 Cr Fine On Meghalaya Govt

    The National Green Tribunal has imposed a fine of 100 crore rupees on Meghalaya government for its failure to curb illegal coal mining in the state.
    The amount of the fine has to be deposited with the Central Pollution Control Boardwithin two months. The action comes after a high-level committee submitted an adverse report to a bench headed by NGT chairperson AK Goel.

  • 31-Dec-2018
  • Pakistan Cabinet Approves Issuance Of 'Panda Bonds' In Chinese Currency

    Pakistan's cabinet has approved the issuance of first-ever renminbi-denominated 'Panda Bonds' to raise loans from China's capital markets, as the country moved a step forward to give the Chinese currency status at par with the US dollar.
    The Finance Ministry did not seek the Cabinet's nod for the size of the bond, but it expects to raise $500 million to $1 billion in various tranches.

  • 25-Dec-2018
  • PM Modi Unveiled Projects Worth Rs 14,500 Crore In Odisha

    Prime Minister Narendra Modi will launch a host of projects besides dedicating the new campus of IIT Bhubaneswar to the nation during his one-day visit to the State on December 24.
    He will lay the foundation stone for the Indian Institute of Science Education and Research (IISER), Berhampur from the IIT campus. On the occasion of bicentenary celebration of the historic Paika Rebellion, the Prime Minister will also release commemorative coin of Rs 200, postage stamp and inaugurate a Chair at Utkal University in memory of Baxi Jagabandhu who led the country’s first independence movement.

    Briefing the media on the PM’s visit jointly with Union Minister of State for Culture Mahesh Sharma in New Delhi on Thursday, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said Modi will lay foundation stones for several infrastructure projects worth Rs 14,523 crore during his visit.

  • PM Releases Commemorative Rs 100 Coin In Honour Of Atal Bihari Vajpayee

    Prime Minister Narendra Modi releases a 100 rupees commemorative coin in honour of former Prime Minister and Bharat Ratna Atal Bihari Vajpayee.

    Atal Bihari Vajpayee’s birth anniversary, which falls on 25th December, is celebrated as 'Good Governance Day'. He was conferred with the Bharat Ratna was in 2014.

     

  • 17-Dec-2018
  • India Announces $1.4 billion Package for Maldives, Agreements Signed

    India on Monday declared an aid of $1.4 billion to the Maldives. The financial package that was prepared over the last month was formally announced at a joint press conference held by President Ibrahim Mohamed Solih of the Maldives and Prime Minister Narendra Modi.

    Mr. Modi said both sides were connected by mutual faith in democracy and development. “Cooperation between our countries is necessary for maintaining stability in the Indian Ocean region and we are willing to take our bilateral relationship to its fullest extent.”

  • 12-Dec-2018
  • Israel Becomes Permanent Member of  Financial Action Task Force

    Israel became a full member of the Financial Action Task Force (FATF), an international body set up to combat money laundering, terrorist financing and other threats to the international financial system.
    The Jewish state has now taken its place alongside 37 other members including most of the G20, the world’s 20 leading industrialized and emerging economies just 16 years after being blacklisted by the organization.

  • 11-Dec-2018
  • Centre’s Contribution To NPS Hiked To 14% of Basic Salary

    In a bid to make retirement income scheme more attractive for central government employees, the government has agreed to chip in a higher 14 per cent of the basic salary of an individual as its contribution to the National Pension System (NPS), a top source said.

    The move would benefit over 36 lakh central government employees.

    Also, individual contributions, which will continue to be capped at a maximum of 10 per cent of the basic salary, will be exempt from taxable income.

  • Centre’s Contribution To NPS Hiked To 14% of Basic Salary

    The Union Cabinet on Monday approved a slew of measures to offer more benefits to members of the National Pension Scheme (NPS). Under the new approved changes, the Centre’s contribution to NPS has been increased to 14 per cent of from 10 per cent of the basic salary, said Finance Minister Arun Jaitley.

    Addressing the press conference, Jaitley said NPS subscribers will now be able to withdraw 60 per cent of the accumulated corpus without having to pay any tax on it.

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