Govt. raised its contribution in National Pension System to 14% from 10%

Union Cabinet has decided to raise contribution of Central Government to National Pension System (NPS) corpus of its employees from 10% to 14%. This will increase in eventual accumulated...

India and Japan signed record USD 75-billion currency swap deal

India and Japan signed a pact to raise the scope of a bilateral currency swap arrangement to a record USD 75 billion, aimed at bringing in greater stability in...

WEF launched Centre for Fourth Industrial Revolution in India

The World Economic Forum (WEF) has announced its new Centre for Fourth Industrial Revolution in India.. The Centre will be based in Maharashtra. It was launched by Prime Minister...

Government launched Niryat Mitra mobile app

Union Ministry of Commerce and Industry has launched Niryat Mitra mobile application for exporters and importers of the country. The app developed by Federation of Indian Export Organisations (FIEO),...

GST council formed committee to address MSME woes

GST council in its 29th meeting decided to create a sub-committee headed by MoS Finance Shiv Pratap Shukla for the Micro, Small and Medium Enterprises (MSME) sector. It will address the...

CBIC developed GST Verify mobile app

The Central Board of Indirect Taxes and Customs (CBIC) has developed mobile app ‘GST Verify’ to protect interest of consumers. It is android app to verify if the person...

BSE,1st Indian stock exchange gets US SEC’s DOSM recognition

BSE Ltd (earlier known as Bombay Stock Exchange) became first Indian exchange to be designated as Designated Offshore Securities Market (DOSM) by United States Securities and Exchange Commission (US-SEC). DOSM...

Investment limit doubled for senior citizens under PMVVY

The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). It also extended time limits...

India, Finland settled Nokia tax dispute under MAP

India and Finland have reached an agreement on the tax dispute with Nokia under Mutual Agreement Procedure (MAP) system. The resolution covers disputes pertaining to Nokia India as well...

India has second largest unbanked population: World Bank

The Global Findex Report released by World Bank, about 190 million Indian adults still don’t have a bank account, second only to China, despite the account ownership more than...

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