It has been made mandatory for a GST taxpayer having a turnover of more than Rs 5 crore in the preceding financial year, to furnish 6 digits HSN Code (Harmonised System of Nomenclature Code) which comes into effect from April 1. Daily Current Affairs Quiz 2021 A taxpayer having turnover of upto Rs 5 crore […]
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” with an outlay of Rs10,900 cr. Daily Current Affairs Quiz 2021 The scheme is approved to support the creation of global food manufacturing champions commensurate with India’s natural resource endowment
PLI scheme for food processing industry with an outlay of Rs10,900 cr Read More »
The Indian government is amending current legislation to require companies to disclose cryptocurrency holdings in their financial statements. Daily Current Affairs Quiz 2021 All companies will now have to disclose in their statutory financial filings to the RoC any profit or loss on transactions involving cryptocurrency, the amount of cryptocurrency held on the reporting date,
Indian Government Says Companies Must Disclose Crypto Holdings Read More »
The Indian Cellular and Electronics Association (ICEA) has written letters to the NITI Aayog, the Secretary of the Ministry of Electronics and Information Technology, as well as officials from other ministries to consider declaring 2020-21 as zero year for production-linked incentive (PLI) scheme for manufacturing of mobile phones. Daily Current Affairs Quiz 2021 PLI schemes
Cellphone makers seeking lockdown-hit FY21 as zero year for PLI Read More »
The Suez Canal blockage that has disrupted east-west shipping could impact India’s trade and curtail key manufacturing supplies while raising transport costs as shipping rates spike due to the crisis. Department of Commerce is planning re-routing shipments through the Cape of Good Hope. Daily Current Affairs Quiz 2021 The Cape of Good Hope is a
Commerce Department is planning re-routing shipments through the Cape of Good Hope Read More »
The government offered 67 coal mines for sale, launching the second tranche of commercial coal mining auction and termed it a step towards ‘Aatmanirbhar Bharat’. Daily Current Affairs Quiz 2021 This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014. Out of
Government offers 67 blocks in second tranche of commercial coal mine auction Read More »
The US Securities and Exchange Commission (SEC) issued an investor alert, which was the first warning of sorts, when it came to or special purpose acquisition companies (SPACs). Daily Current Affairs Quiz 2021 A SPAC, or a blank-cheque company, is an entity specifically set up with the objective of acquiring a firm in a particular
Special-purpose acquisition companies are under the scanner Read More »
The government has readied a draft district-wise export promotion plan for 451 districts in the country after identifying products and services with export potential in 725 districts. Daily Current Affairs Quiz 2021 Aiming for double-digit export growth from 500 districts over 3-5 years, the Commerce Ministry has asked States to prepare an annual ‘export ranking
Centre readies draft plan for district-wise export promotion Read More »
India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession, while the number of poor people — earning less than ₹150 per day — more than doubled, according to an analysis by the Pew Research Center. Daily Current Affairs Quiz 2021 In a comparison, Chinese incomes remained relatively unshaken, with just
The Rajya Sabha has passed the Insurance (Amendment) Bill, 2021. It seeks to amend the Insurance Act, 1938 which will increase the limit of foreign investment allowed in Indian insurance companies. Daily Current Affairs Quiz 2021 The Bill amends the Insurance Act, 1938 to increase the maximum foreign investment allowed in an Indian insurance company.
