News Prime Minister Narendra Modi donated one month’s salary to the Prime Minister’s National Relief Fund for assistance to those affected by the recent earthquake within the country. Not just him, infact members of Lok Sabha also decided to donate one month’s salary for earthquake assistance. The government has announced ...
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FCRA licences of 8,975 associations cancelled
News Ministry of Home Affairs (MHA) has cancelled the Foreign Contribution Regulation Act (FCRA) licences of 8,975 associations from different parts of the country including Delhi, Mumbai and Andhra Pradesh. It is the largest crackdown on NGO’s and associations accepting foreign funds without complying with the regulation of filing annual ...
Read More »Other countries like US, Russia may soon follow Jan Dhan Yojna model
News JanDhan Yojna is soon going to be a worldwide template for achieving rapid financial inclusion. The Financial Action Task Force, a global anti-terror financing agency, has given initial approval to a paper by India on how it achieved the task in a few months while adhering to know your ...
Read More »Operation Maitri: Earth Quake rescue in Nepal
News A team comprising of ministers , senior officials from ministries of Home, Defence, External Affairs and NDMA today left for Nepal to coordinate rescue and relief operations in the quake-hit country. Since the communication lines down and the disaster in Nepal making things unmanageable, India is sending UAVs to Kathmandu ...
Read More »Investment upto 5% of EPFO corpus in stock markets allowed
News Labour ministry has notified the new investment pattern for the Employee Provident Fund Organisation (EPFO). The new pattern allows the retirement fund body to invest 5% of its incremental income in Exchange Traded Funds (ETFs) from the current financial year. The limit of investment in ETFs, starting from 1% ...
Read More »Modi Government ready with Contingency Plans for a weak monsoon
• The Modi government is prepared to insulate farmers from the expected weak monsoon by providing cheap seeds, encouraging drought-resistant crops and preparing relief measures if the crucial rainy season disappoints rural India for the second year in a row. • Agricultural ministry is prepared with contingency plans for 580 ...
Read More »Poland announces “Go India” Program
News Ambassador of India, Ajay Bisaria, participating in a panel discussion at the India-Central Europe economic meeting, welcomed ”Go India” as a strong compliment to ”Make in India”. He also announced that Poland had been included in the next phase of India’s e-visa scheme. This would further facilitate business engagement. On ...
Read More »Stapled Visa Issue resolved after 5 years: China
News Moving beyond its earlier emphasis on Jammu & Kashmir being a “disputed” area, China has agreed to host India’s Northern Army Commander this year, a visit that went on hold five years ago after Beijing insisted on issuing stapled visa to the officer because J&K came under his command. ...
Read More »Investment via P-Notes surges to $43 billion
News Investments into Indian markets through participatory notes (P-Notes) has surged to the highest level in over seven years at Rs 2.72 lakh crore (over USD 43 billion) at the end of March 2015. P-Notes, mostly used by overseas HNIs (High Networth Individuals), hedge funds and other foreign institutions, allow ...
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