Centre releases Rs 70000 crore as GST compensation to states, UTs in FY 2020-21

The total GST compensation released by the Central Goverment to states and UTs stood at Rs 70,000 crore on March 31 when the FY 2020-21 drew to close. So far Rs 30,000 crore GST compensation was released to States as part compensation on 27th March 2021 and Rs 1,10,208 crore has been release as back […]

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RBI aims to secure robust recovery from the pandemic induced slowdown of the economy

Committed to use policy tools for securing robust recovery from the current pandemic induced slowdown of the economy, the Reserve Bank of India (RBI) is in the process of introducing digital version of the fiat currency with simultaneously assessing the impact of introducing such central bank digital currency. RBI Governor Shaktikant Das while speaking at […]

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Nirmala Sitharaman

FM Nirmala Sitharaman unveils Central Scrutiny Centre and Investor Education and Protection Fund Authority’s Mobile App

In a virtually organized event the Union Finance Minister Nirmala Sitharaman launched Central Scrutiny Centre(CSC)  and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App with aim to strengthen the Prime Minister’s Digitally empowered India vision. The event was attended by  senior officials as well as Secretary of MCA, Rajesh Verma. Launching the initiatives Sitharaman […]

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India is set to create national bank for infrastructure funding

The government of India is all set to launch a national bank for funding of infrastructure investment. According to Finance Minister Nirmala Sitharaman, it’s already in the process and the country already has budgetary resources for this purpose. Speaking at a session organized virtually by Coalition of Disaster Resilient Infrastructure (CDRI) in the national capital, […]

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Rajya Sabha passes insurance amendment bill 2021 with permission to increase FDI limit to 74% from 49%

Insurance (Amendment) Bill, 2021 which seeks to amend the Insurance Act, 1938 has been passed in Rajya Sabh. It will increase the limit of FDI allowed in Indian insurance companies to 74% from the current 49% simultaneously with the provision for removing the restrictions on control and ownership of the insurance companies. However the Finance […]

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APEDA virtual trade fair witnessed more than 404 visitors

The Agricultural and Processed Food Products Export Development Authority (APEDA) organised its first ever virtual trade fair to boost potential of exports in India’s agriculture as well as processed food products segments. The expo encompassing 313 exhibitors witnessed more than 404 visitors across 128 stalls displaying products categories like Basmati and Non Basmati rice, Wheat, […]

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Offer for sale of Government’s shares in TCL elicited huge response

Even on the first day of its launch the offer for sale of the Government’s shares in TCL received huge response. The issue was subscribed by 2.19 times of its base size by the non-retail investors. For the retail investors the bidding process will open today. While launching the scheme, the government decided to exercise […]

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Government considering to give permission to new private banks for conducting govt business under RBI

Finance Minister Nirmala Sitharaman has announced that permission for conducting government-related business will be given to new private banks under the RBI guidelines. It was during the question hour in Rajya Sabha that the minister said the government has indicated to allow other private banks to conduct government-related business with the aim to ensure a […]

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Vedatya students delight guests with Old Delhi delicacies at fantastic Food Fest

Enterprising Delhi-NCR students of Hotel Management organise a food festival  themed Shaan-e-Dilli, Swaad-e-Dilli which receives all-round appreciation from the connoisseurs of good food Final year students of Vedatya Institute of Hotel Management organised a sumptuous Food Festival on each weekend of the months of February and March this year. Put together by a team led […]

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