The Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, Shri Shaktikanta Das said that IMF’s South Asia Training and Technical Assistance Center (SARTTAC) is a pioneering initiative of the Government of India and the International Monetary Fund (IMF). He said that this is the IMF’s First Fully Integrated Capacity Development Center, which brings together under one roof the two building blocks of capacity development —training and technical assistance.
The Minister of State for Home Affairs Shri Kiren Rijiju addresses the seminar on ‘Indo-Pacific Region: Converging India-Japan interests’, organised by Observer Research Foundation (ORF) here today.
States also asked to comply with the spirit of the Act of Parliament
Buyers entitled to relief under the Act from May 1st this year
Only four States and 6 UTs notify Real Estate Rules; alleged violations of Act referred to Parliament Committee
The 11th edition of the Aero India International Seminar, a prelude to the Aero India 2017 was inaugurated today at Yelahanka, Bengaluru by Dr. VK Saraswat, Member NITI Aayog, Govt of India and President Aeronautical Society of India (AeSI). The seminar is being organized by DRDO in association with the AeSI, from 12 - 14 February.
Shri Ananth Geete, Union Minister of Heavy Industries and Public Enterprises today presented the Export Awards for the year 2014-15 at a function held in Vigyan Bhawan, New Delhi. The event was organized by organized by CAPEXIL (Chemical and Allied Export Promotion Council of India), a non-profit making organization setup by the Ministry of Commerce, Govt.
India and the UK signed a MoU to ease restrictions on the number of scheduled flights between the two countries, following successful talks in India this week. Limits on flights from key Indian cities including Chennai and Kolkata have been scrapped, allowing for a greater range of flights for passengers while providing a boost to trade and tourism for the UK and India. Building new links with important trading partners is a key part of the government’s plans for a Global Britain, opening up new export markets and creating jobs and economic growth.
During January 2017, the Net Indirect Tax grew at the rate of 16.9% compared to corresponding month last year with growth rate in net collections for Customs, Central Excise and Service Tax at the rate of 10.1%, 26.3% and 9.4% respectively January, 2017;
Net Direct Tax collections up to January, 2017 are at Rs. 5.82 lakh crore which is 10.79% more than the net collections for the corresponding period last year.
Government has taken several measures for MSMEs in the backdrop of Demonetization which include:
1. The coverage of the loans covered under the Credit Guarantee Scheme for MSEs implemented by CGTMSE has been increased from Rs. 1 crore to Rs. 2 crore. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) has issued a circular to all its Member Lending Institutions (MLIs) in this regard.
Ministry of Electronics & Information Technology is mandated to assist in the promotion of e-commerce. As regards trade related issues, the subject of ‘Internal trade’ has been allocated to Ministry of Consumer Affairs. Further, issues relating to Foreign Direct Investment (FDI) in the country are administered by Department of Industrial Policy & Promotion.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the signing of the Memorandum of Understanding (MoU) of Cooperation between Technology Development Board (TDB), Department of Science & Technology, Govt. of India and Bpifrance, a Public Investment Bank, France.
The Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh briefed the media here today on the issues related to various initiatives as well as the budget allocation for various departments.
The Digi Dhan mela, a Government of India initiative aimed at incentivizing digitally enabled transformation in the country following the recent demonetization and spreading digital financial literacy among the public, was held at State Central Library in Shillong today. The one-day Digi Dhan Mela in Shillong was organized by the Information Technology and Communication Department, Government of Meghalaya in collaboration with NITI Aayog and Ministry of Electronics & IT, Government of India with an aim to promote digital and cashless transactions.
There are 77 airports in the country which are fully functional and having regular scheduled flight operations. This includes 72 airports of Airports Authority of India and 5 other Joint Venture/State Government/Private airports.
The Government is trying to promote cashless transactions as far as practically possible.
Digital payments give fillip to financial inclusion. It also enables digital trail of financial transactions leading to better tax compliance and reduces cost maintaining cash. Increased digital transactions will also enable small and micro enterprises to access formal credit.
The objectives of Act East Policy includes deepening of economic cooperation and expanding trade with countries in the Asia-Pacific Region. The process facilitates bilateral trade from North-East also.
Total estimated trade (as provided by Department of Revenue) between India and Myanmar through the North-East has grown from Rs. 7752.72 lakhs to Rs. 14452.26 lakhs between 2013-14 and 2015-16.