Economy

23 Mar

As India achieves target of $400 billion from exports, PM Narendra Modi congratulates farmers, MSMEs and weavers

editorEconomyPrime Minister Narendra Modi

History has been scripted, as India finished its highest ever items export target of USD four hundred billion 9 days in advance of schedule, said Prime Minister Narendra Modi on Wednesday. He similarly stated that this is a key milestone in our Aatmanirbhar Bharat journey. "India achieves the target of four hundred Billion bucks of items exports for the first time ever. I congratulate our farmers, weavers, MSMEs, manufacturers, exporters for this success. This is a key milestone in our Aatmanirbhar Bharat journey. #LocalGoesGlobal," said PM Modi in a tweet. On average, every hour USD 46 million goods are exported,…

23 Feb

Rajasthan govt gives Budget 2022-23 exceptional spotlight on work, wellbeing, schooling

editorEconomy

All Rajasthan Govt personnel appointed on or after 1st January 2004 will be entitled to pension scheme like formerly (older model of the scheme) from next yr onward, Rajasthan Chief Minister Ashok Gehlot on Wednesday presenting the Budget for the 12 months 2022-23 said. Presenting the Budget in the Rajasthan Assembly, Gehlot introduced the implementation of the Indira Gandhi Urban Employment Guarantee Scheme. From next year, a hundred days of employment will be accessible in urban areas on the lines of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) for which a Rs 800 crore price range has been proposed.…

21 Feb

Budget 2022 help in implementing the National Education Policy

editorBusiness, Economy, Education, India, Internationalindia, Prime Minister Narendra Modi

Prime Minister of India Narendra Modi talked about the impact of Budget 2022-23 on the education sector. The PM Modi said, “This budget will help in implementing National Education Policy. National Digital University is an unprecedented step. The problem of shortage of seats can be resolved. There will be unlimited seats. I urge all stakeholders to ensure digital university starts as soon as possible.” He said that the Budget of this year focused on the key five areas including – universalisation of quality education, skill development, urban planning and design, internationalisation and animation visual effects, gamings and comics (AVGC) industry.…

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, Economy, Health, India, international, International, Lifestyle, Technologycovid 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, 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)…