• International Arbitration Tribunal at The Hague ruled that the tax liability on Vodafone is a breach of the Bilateral investment treaty (BIT) signed between India and Netherlands. • BIT allows for promotion and protection of investment by companies of…
• India on Tuesday made it clear that it is not in a position to accept the concept of Data Free Flow with Trust (DFFT), which was originally proposed by former Japanese prime minister Shinzo Abe at the G20 summit…
Mains Paper 3: Economy Prelims level: Direct tax code Mains level: Indian Economy and issues relating to planning, mobilization, of resources Context: • India’s direct tax collections fell for the first time in two decades which has led to the…
• Finance minister Nirmala Sitharaman on Monday introduced Banking Regulation (Amendment) Bill, 2020 in the Lok Sabha. The law seeks to protect the interest of the depositors by bringing co-operative banks under the regulatory framework of Reserve Bank of India…
• India and Japan signed Acquisition and Cross-Servicing Agreement (ACSA) for Reciprocal Provision of Supplies and Services between the Armed Forces of India and The Self-Defence Forces of Japan. • Such an agreement is also known as Mutual Logistics Services…
• Government has decided to monitor the performance of country in 29 select Global Indices through “Global Indices to Drive Reforms and Growth (GIRG)” exercise. • Global MPI is part of this and NITI Aayog as the nodal agency of…
• CERC has approved IEX’s proposal for transactions in the Green Term-Ahead Market (G-TAM) contracts. About: • G-TAM will provide an exclusive platform for trading of renewables and it would be the first physical trading of renewable energy (RE). •…
• The Arvind Kejriwal government in Delhi on Friday launched the Electric Vehicle Policy for the national capital under which the government will waive registration fee, road tax, and provide an incentive of up to ₹1.5 lakh for new cars.…
• The Amendments in the Indian Stamp Act, 1899 brought through Finance Act 2019 and Rules have come into effect from July 1, 2020. About: • From July 1, 2020, all shares and mutual fund purchases will attract a stamp…
• The income tax department said that from this assessment year, taxpayers will see an improved Form 26AS which would carry some additional details on taxpayers financial transactions as specified Statement of Financial Transactions (SFTs) in various categories. Key highlights:…
• The Reserve Bank of India (RBI) has operationalised the Rs 30,000 crore special liquidity scheme for NBFCs and HFCs. The cabinet had given its nod to the scheme on May 21, and now the RBI has notified it. About:…
• The Reserve Bank of India (RBI) has constituted a five-member Internal Working Group to review extant ownership guidelines and corporate structure for ‘Indian Private Sector Banks’. About: • RBI Central Board Director P K Mohanty will head the committee,…
