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image PM Modi: India Remains Ideal FDI Destination
Participating in the St. Petersburg International Economic Forum in Russia, Prime Minister Narendra Modi reiterated his resolve to make India the ideal destination for investment. "India is among the top 3 favorable FDI destinations. At this moment, the world is looking towards India as the best place for investment," PM Modi said.
 
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image Govt. Sets Up Twitter Handle, Phone Line for GST Questions
Prime Minister Narendra Modi has reviewed the status of the Goods & Services Tax, set for July 1 rollout, checking on IT readiness, HR readiness, training and sensitization of officers, query handling mechanisms, monitoring and so on. A Twitter handle (@askGst_GOI) was created to answer questions in real-time and a toll-free all-India phone number (1-800-1200-232) has been provided as well.
 
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image ISRO successfully launches 'Monster Rocket' GSLV Mark III
The Indian Space Research Organisation (ISRO) launched its most powerful rocket GSLV Mark III carrying GSAT-19 communication satellite from Sriharikota, Andhra Pradesh. Dubbed by the scientists as the "Monster Rocket", it has the capability to launch satellites as heavy as 4 tonnes, i.e. 4000 kilograms.
 
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image India, 67 nations sign pact to check tax evasion by MNCs
India and 67 countries have put in place an agreement to plug loopholes in existing laws that allowed companies to evade taxes by artificially shifting their place of business.
 
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image Govt. Adopts Common Tax Agreement
The Government has adopted a common tax agreement that could lead to uniform tax regulations for all investors, regardless of where they come from. The OECD multilateral convention was signed by India along with more than 100 other countries in Paris on June 8.
 
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image FM Jaitley Launches Mobile-Friendly Finance Ministry Home Page
Finance Minister Arun Jaitley has launched a mobile-friendly webpage for the Ministry of Finance to provide single-point access to all websites of the five departments under the ministry. "The new website also has features of in-built search options, enabling text-to-speech, language translation, and visitor analytics, among others," the Ministry said.
 
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image Ease of Doing Business: Mutual Funds Can Now Register Online
To improve ease of doing business, market regulator SEBI has launched an online registration mechanism for mutual funds. The move will make it easier and faster for existing and new fund houses to complete their registration with SEBI in a cost-effective way. 
 
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image Mobile Congress in Delhi to Attract Investments 
India is set to have its first global event to attract investments in the telecom and mobile phone manufacturing sectors at the Indian Mobile Congress, set for Sept. 27-29 in Delhi. It will be modeled on the yearly World Mobile Congress held in Barcelona. India's version will be an annual event. Five thousand paid participants and 800 exhibitors are expected to attend.  
 
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image New One Rupee Note To be In Circulation Soon
New one rupee notes, colored pink-green on the front and a combination of colors on the reverse side, will be soon put into circulation. Printing of one rupee notes was discontinued in 1994 but was relaunched in 2015.
 
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image First Made in India Jeep Compass Rolled Out
Fiat Chrysler's India arm has rolled out the first locally manufactured Jeep Compass SUV from its Ranjangaon facility in Pune. The vehicle was rolled off the assembly line in the presence of Maharashtra Chief Minister Devendra Fadnavis and officials from Fiat Chrysler.
 

 

calender Jun 13, 2017

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