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...

Government announced new Rs 20 coin

The Centre has announced a new Rs 20 coin which will come in 12-edged polygon (dodecagon) shape. The government is also planning to release new coins of Re 1,...

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...

GST council reduced 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. The GST council has reduced the GST rate for...

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...

Govt. to set-up a Unified Authority for Regulating Entities in IFSC

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in...

J P Morgan became first US Bank with Cryptocurrency

JP Morgan rolled out as the first US bank with cryptocurrency. The change in opinion of JP Morgan is the first step in the program of making it more...

New E-commerce Policy comes into effect

The new E-commerce Policy comes into effect which was notified in December 2018 by Department of Industrial Policy and Promotion (DIPP) headed by the ministry of Commerce and...

PSBloansin59minutes.com became India’s largest online lending platform

PSBloansin59minutes.com which was launched by Prime Minister Narendra Modi in 2018 has emerged as the country's largest online lending platform, with loan sanctions exceeding over Rs 35,000 crore. The...

Income tax exemption limit on gratuity doubled to Rs 20 lakh

The government has increased the tax-free gratuity income limit to Rs 20 lakh. This move will benefit the public as well as private sector employees. The Ministry of Finance...

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