Posts in category

Finance


PM to attend swearing-in of Maldives president-elect on Nov 17

In his first visit as the Prime Minister, Narendra Modi will travel to Male on November 17 to visit the swearing-in ceremony of new Maldivian president-elect, indicating an attempt to mend bilateral ties, which nosedived during the outgoing Abdulla Yameen government. Announcing Modi’s day-long visit, External Affairs Ministry Spokesperson Raveesh Kumar stated the prime minister …

Union Minister Ananth Kumar passes away in Bengaluru

Union Parliamentary Affairs Minister Ananth Kumar died at a private hospital here in the early hours of Monday after battling lung cancer for several months, hospital authorities commented. Kumar, 59, breathed his last around 2 am, Sankara Hospital Director Nagaraj told PTI. He is lived by wife Tejaswini and two daughters. He had come back …

Ananth Kumar, a staunch RSS man, known for political adroitness

A staunch RSS ideologue, a hard-boiled organization man, Bengaluru’s “most loved” MP and the first person to talk in Kannada in the United Nations are some of the connotations associated with Union Minister Ananth Kumar. Popular for his political adroitness, Kumar, a six-time member of Parliament, gregarious with strong political instincts, had managed to be …

alary Hike of up to Rs 8,000 For Central Government Employees on Cards

Over 50 lakh Central Government employees and an equivalent number of retirees are likely to hear a good news by the Centre soon. The development is concerned to their salaries which may see a hike of up to Rs 8,000 in the coming months, as claimed by a report. The CG employees, who are demanding …

21,000 People Disclose Rs. 4,900 Crore Black Money Under Government Scheme

Black money worth Rs. 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetization, an official alleged today. The Income Tax Department, a top government official told news agency PTI, has collected a tax of Rs. 2,451 crore till now from these declarations. “21,000 people …

National Agriculture Market (NAM)

National Agriculture Market (NAM) is a pan-India electronic trading portal which networks the existing APMC mandis to make a unified national market for agricultural commodities. The NAM Portal gives a single window service for all APMC related information and services. This covers commodity arrivals & prices, buy & sell trade offers, provision to respond to trade …

Pooled Finance Development Fund Scheme

The growth rates in India that are reflected each financial year are widely driven by the growth in the urban areas and cities. The rural sector in India has limited potential, being primarily dependent on agriculture. Also, the continuous decrement observed in the national poverty levels are being determined largely on the basis of urban cities. The Urban Local Bodies …

voluntary disclosure of income scheme

The Voluntary Disclosure of Income Scheme (VDIS) was a very unconventional but successful process among Indian economic policies. It would grant an opportunity to the income tax or wealth tax defaulters to disclose their undisclosed income at the prevailing tax rates. This project would also ensure that the laws relating to economic offences would not be applicable to those defaulters. …

West Bengal Chief Minister Financial Assistance

The Chief Minister of West Bengal grants scholarships every year to the students, who passed the Madhyamik Examination or Higher Secondary exam or any University examination from a poor family. This scholarship also is called as ‘Nabanna Scholarship‘ for south Bengal region and ‘Uttar Kanya Scholarship’ for North Bengal region. It is provided from the West Bengal Chief …

digi yatra policy

The Ministry of Civil Aviation has introduced the Policy on the biometric-based digital processing of passengers at Airports called “Digi Yatra”. DigiYatra envisages a connected ecosystem improving the seamless travel experience for the passengers and simultaneously improving the security. Objectives Every passenger, (Indian citizens and foreigners) become a “Digi Yatri” and enjoys the facilities and benefits …

Rajiv Gandhi Equity Savings Scheme (RGESS)

The Rajiv Gandhi Equity Savings Scheme (majorily referred to as RGESS), is a tax saving scheme announced in the 2012-2013 Union Budget of India, focused at first time retail investors. Named after Rajiv Gandhi, the sixth Prime Minister of India, the project was announced by the finance minister, P. Chidambaram, on 21 September 2012. The …

Indian Economic Service

The Indian Economic Service is the administrative inter-ministerial civil service under Group A of the Central Civil Services of the executive benches of the Government of India. The Indian Economic Service was launched by Prime Minister Jawaharlal Nehru for formulating and implementing economic policies and programmes in India. The pioneer steps towards the formation of …