Economy

19 Feb

India, UAE sign comprehensive trade pact

editorBusiness, Economy, India, international

India and the UAE on Friday inked a landmark Comprehensive Economic Partnership Agreement (CEPA) and unveiled a roadmap for expansion of overall ties at a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan. In his remarks, Modi delved into various facets of ties between India-and United Arab Emirates and said both the nations will stand "shoulder-to-shoulder" against terrorism while referring to the recent terrorist attacks in the Gulf country. On CEPA, Modi noted that both sides could conclude the negotiations on such an important agreement in less than three…

17 Feb

75% Quota for Locals in Pvt Jobs

editorEconomy

The Punjab and Haryana High Court had put on hold Haryana’s 75 per cent quota on February 3. The Supreme Court on Thursday set aside the Punjab & Haryana High Court’s order staying on providing 75 per cent reservation in private sector jobs to local candidates. The court asked the high court to decide on the issue within a month and directed the state government not to take any coercive steps against the employers for the time being. India Inc had called for a re-examination of the legislation, claiming that it will lead to multinational firms leaving the state. Industry…

17 Feb

Ministry of External Affairs trains 500+ employees in cyber safety

editorBUSINESS, Business, Covid19, Economy, India, international, Lifestyle, Tech Byte, Technology, worldCovid-19, india

The Ministry of External Affairs (MEA) has trained 500 plus employees across 90 missions in Europe and Africa. It aims to ensure the personnel are equipped to deal with both malicious malware and targeted attacks. The Ministry also conducts regular audits to assess how sensitive data centres in different missions can be protected. India is working on a cyber security policy like the UK and Australia and roll out a holistic structure wherein more verticals than just national security are covered. The policy is encompassing both internal and external threats and the first meeting of cyber security coordinators from the…

16 Feb

Railways connected the India’s longest tunnel Katra-Banihal section T-49

editorBusiness, BUSINESS, Economy, India, Lifestyle, Travelindia, Indian Railways, tunnel

As indicated by the Northern Railways, the fundamental passage of the Katra-Banihal segment T-49 was effectively associated among Sumber and Arpinchala stations. After its finishing the Udhampur-Srinagar-Baramulla Rail Link (USBRL) super venture will be the longest passage of the Indian Railways. The Northern Railways said in a statement that, "Through this a major milestone has been achieved by the Indian Railways. It is really worthy to mention that line and level of the tunnel is precisely achieved in break-through.” The major highlights are: (a) It is 12.758 km long surpassing the 11.2 km long Pir Panjal Tunnel on the Banihal-Qazigund…

08 Feb

6.17 cr ITRs, 19 lakh major TARs filed on new e-filing portal

editorEconomyITRS, TARS

Around 6.17 crore ITRs and about 19 lakh major TARs have been filed on the new e-filing portal of the Income Tax Department as of 6 February. Out of 6.17 crore ITRs filed for AY 2021-22, 48% of these are ITR-1 (2.97 crore), 9% is ITR-2 (56 lakh), 13% is ITR-3 (81.6 lakh), 27% are ITR-4 (1.65 crore), ITR-5 (10.9 lakh), ITR-6 (4.84 lakh) and ITR-7 (1.32 lakh). Over 1.73 lakh Form 3CA-3CD and 15.62 lakh Form 3CB-3CD have been filed in FY 21-22. More than 1.61 lakh other Tax Audit Reports (Form 10B, 29B, 29C, 3CEB, 10CCB, 10 BB)…