NITI Aayog has raised concerns on a draft voluntary vehicle scrappage policy prepared by the road ministry that seeks to phase out old and polluting automobiles. Key Provisions of Draft Scrappage Policy: Rebates on road tax upon will be given after showing the certificate of scrapping by a vehicle owner It aims to set up vehicle scrapping centres across the country. Vehicles can be offered for scrapping if they are - impounded or abandon... .
Updated on 20 November, 2019
The Asian Development Bank (ADB) and the Government of India today signed a $91 million loan to modernize the Vijayanagara Channel irrigation systems and prepare river basin management plans in the Krishna river basin that will help improve irrigation water use efficiency and contribute to improving sustainable water security in Karnataka. The signatories to the second project loan for the Karnataka Integrated and Sustainable Water Resources Manageme... .
Updated on 19 November, 2019
The Plenary meeting of the Kimberley Process Certification Scheme (KPCS) is being hosted by India (the current chair) from 18th to 22nd November, 2019 in New Delhi. Importance of KPCS for India Export potential: Currently, India exports around USD 24 billion cut and polished diamonds. It is expected that India will reach an export target of USD 1 trillion in coming years and the gem and jewellery sector particularly cut and polished diamonds w... .
Updated on 19 November, 2019
While the Indian real estate market is witnessing a slump, a report said that wealthy Indians are looking to buy property abroad. The overall sentiment for the realty sector at 47 points for the first quarter of the financial year 2019 and outlook for upcoming months at 52 - a sharp drop in confidence compared to preceding quarters. Various Reasons for the slowdown in the real estate sector. Reason for the Crisis in the Real estate sector Global slo... .
Updated on 19 November, 2019
Unveiling New GST Reforms For New India - Analyzing the performance of the GST till now and bringing in necessary reforms needed. Background and need for reform The implementation of the goods and services tax (GST) in a large and diverse federal country ruled by different political parties is a remarkable achievement. With revenues stagnating from the GST bellying the expectations, it is an opportune time for the government to bring in the re... .
Updated on 19 November, 2019
An Insolvency And Bankruptcy Code - SC sets aside the NCLAT order in the Essar Steel case, upholds CoC's rights over claim distribution. Timeline of the issue June 12, 2017: The Reserve Bank of India (RBI) identifies 12 accounts for resolution under IBC August 2, 2017: NCLT admits Essar Steel for insolvency proceedings under the IBC . Satish Kumar Gupta appointed as Resolution Professional (RP). October 2, 2017: Expression Of Interes... .
Updated on 16 November, 2019
