Category: CA Economy

Economic experts have opined that income tax must be paid if one’s income is above a threshold, irrespective of whether one is a farmer.

Chairman of Inland Waterways Authority of India (IWAI) stated India eyes ₹35,000 Crores investments by 2047 to create waterways network that will include developing waterways and jetties to improve navigable capacity of Indian rivers.

A study by PricewaterhouseCoopers (PwC) and Association of Microfinance Institutions of India says that Micro Finance Institutions (MFIs) to play leading role in India’s economic growth.

As a part of Samudrayaan Mission, under MoES, a self-propelled manned submersible (MATSYA 6000) will carry three persons to a depth of 6000 meters for exploration of deep-sea resources.

Union Cabinet approved setting up of 3 National Level multistate cooperative society under the Multi State Cooperative Societies (MSCS) Act, 2002.

For the first-time, Reserve Bank of India (RBI) will issue Sovereign Green Bonds (SGrBs) worth ₹16,000 crores, in two tranches of ₹8,000 crores each in the current financial year.

Recently, the 76th Foundation Day of Bureau of Indian Standards (BIS) was celebrated and various initiatives were launched by the Ministry of Consumer Affairs, Food & Public Distribution.

In Sundarbans, a new shrimp farming initiative offers hope for mangrove restoration.

Ministry of Information and Broadcasting (I&B) has issued an advisory stating that all the existing broadcasting of Central Government Ministries, State/UT Governments and related entities would have to be brought under the Prasar Bharati route as per the new guidelines.

With the RBI hiking the repo rate by 35 basis points to 6.25 recently, several banks have raised their marginal cost of funds-based lending rate (MCLR) and external benchmark linked rates (EBLR) on loans.

Union government has granted the Geographical Indication (GI) tag to 9 new products from across the country rising the total number of GI Tags of India to 432.

Under the ‘Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects’, a total of 57 solar parks of aggregate capacity of 39,285 MW were sanctioned until November-end.