The first Executive Development Programme of Rajiv Gandhi National Aviation University was inaugurated by the Minister for Civil Aviation Shri Ashok Gajapathi Raju in the capital today. Speaking on the occasion, the Minister said that the Aviation University should play the important role of spreading knowledge and see that it is applied practically in the growth of the Aviation sector. Shri Raju pointed
Government allows carry forward of minimum alternate tax (mat) upto a period of 15 years instead of 10 years
To give boost to banking sector, allowable provision for non performing asset increased from 7.5 % to 8.5%
The basic customs duty on LNG reduced from 5% to 2.5%.
The Union Budget 2017 was laid before the Parliament today by the Hon’ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below:
I. Affordable Housing:
The Minister of Road Transport & Highways and Shipping Shri Nitin Gadkari has welcomed the thrust accorded by the Union Budget 2017-18, to multi modal transport planning and synergizing investments in railways, roads, waterways and civil aviation. Terming the budget as revolutionary, Shri Gadkari said that development of multi-modal transport hubs would help ease traffic congestion to a large extent and also bring down pollution.
Middle class to get affordable housing due to fall in Real Estate prices
Remonetisation to eliminate cash squeeze by April 2017.
Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow-up action on demonetisation is taken.
The CPI based core inflation remained stable in the current fiscal year averaging around 5 per cent.
Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first batch, around 18 lakh persons have been identified in whose case, cash transactions do not appear to be in line with the tax payer’s profile.
IPPB branches launched in Ranchi & Raipur
Finance Minister, Shri Arun Jaitley and Minister of Communications Shri Manoj Sinha launched the operations of the India Post Payments Bank (IPPB) here today as two pilot branches at Raipur and Ranchi through video conferencing from Delhi.
Meeting of the Consultative Committee of the Members of Parliament for the Ministry of Petroleum & Natural Gas was held in New Delhi on 30th January, 2017. Following Hon’ble Members participated in the meeting -Shri Bhanu Pratap Singh Verma, Shri Chandrakant Bhaurao Khaire, Shri Narasimham Thota, Shri Ninong Ering, Shri Pansunoori Dayakar, Col. (Retd.) Sona Ram Choudhary, Shri Tamradhwaj Sahu, Smt Veena Devi, Shri Amar Singh, Shri Ravi Prakash Verma and Shri S.R. Balasubramoniyan.
It has come to the notice of Ministry of Women & Child Development, Government of India that certain unauthorised sites/organisations/NGOs/individuals are distributing forms in the name of cash incentive under Beti Bachao Beti Padhao Scheme. The scheme has no provision for individual CASH TRANSFER COMPONENT by Government of India.
First ever profile of Father of Nation, his Samadhi, 30 Amrit Vachans at Rajghat
Solar Power Project, 104 aesthetically designed poles with LED lights, CCTV Control Room to be inaugurated on Gandhiji’s death anniversary tomorrow
Special edition of Rajghat Samadhi Patrika to be released commemorating 100th year of Champaran Satyagrha
Summit is an attempt to promote the rich textiles of NER: Union Textiles Minister
Textiles Minister calls for greater cooperation in handloom sector, to facilitate exponential growth across the entire region
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.34 per barrel (bbl) on 24.01.2017. This was higher than the price of US$ 53.92 per bbl on previous publishing day of 23.01.2017.
The President of India, Shri Pranab Mukherjee yesterday (January 25, 2017) received His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces at Rashtrapati Bhavan. He also hosted a banquet in his honour.
Commerce and Industry Minister Smt. Nirmala Sitharaman has said that the services sector today is knowledge driven and alongwith technology has on important role to play in economic growth. Addressing the curtain raiser conference of the GES(Global Exhibition on Services)2017 she said the 3rd edition of GES will build on the success of the first two GES events held in 2015 and 2016.
Commerce Secretary Mrs Rita Teotia also emphasized the importance of services sector in employment generation and economic activity.