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Monthly Archives: July 2017

OHCHR Argues for Peaceful Venezuela Elections

New York (ABC Live):  Venezuela Elections :The United Nations human rights office expressed deep concern today at the risk of further violence in Venezuela, where elections for a Constituent Assembly convened by President Nicolas Maduro are due to be held on Sunday. “The wishes of the Venezuelan people to participate or not in this election need to be respected,” Elisabeth Throssell, spokesperson …

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UN Condemns North Korea Ballistic Missile Launch

New York (ABC Live): Korea Ballistic Missile Launch : United Nations Secretary-General António Guterres condemned today’s launch of a ballistic missile of possible intercontinental range by the Democratic People’s Republic of Korea (DPRK). “This is again a manifest violation of Security Council resolutions. The DPRK leadership must comply fully with its international obligations and work together with the international community to resolve the outstanding issues …

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Know WTO Trade Facilitation Agreement

New York (ABC Live): WTO Trade Facilitation Agreement: A major milestone for the global trading system was reached in early 2017 when the first multilateral deal concluded in the 21-year history of the WTO entered into force. Following ratification of the WTO Trade Facilitation Agreement (TFA) by Rwanda, Oman, Chad and Jordan in February 2017, the WTO obtained the necessary …

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GST Aims Transparency and Accountability

New Delhi (ABC Live): GST  :Goods and Services Tax (GST) is intended to bring transparency and accountability in business transactions along with the ease of doing business and rationalization in tax rates and will not pave the way for financialization of the country. The foremost benefit of GST is to remove hurdles in inter-State transactions resulting in the setting up …

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Shell Companies Task Force Informs Its Actions

New Delhi (ABC Live):Shell Companies Task Force : A ‘Task Force on Shell Companies’ under the Joint Chairmanship of Revenue Secretary and Secretary, Ministry of Corporate Affairs was constituted in February, 2017 for effectively tackling the malpractices by shell companies/ponzy companies/khoka companies in a comprehensive manner adopting whole of the government approach. Other members of the Task Force are from …

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Non-Resident Indians May Invest in Stocks as Per Regulations

New Delhi (ABC Live): Non-Resident Indians (NRIs) can invest in India as per the following regulation of Foreign Exchange Management (Transfer or issue of Security by a person resident outside India) Regulations, 2000 dated May 3, 2000 as amended from time to time: As per Regulations 5(1), NRIs may invest in shares/Compulsorily Convertible Preference Shares (CCPS)/ Compulsorily Convertible Debentures (CCDs)/warrants/ …

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India Fails to Attracts FDI in Defence Industry

New Delhi (ABC Live):Defence Industry : Foreign Direct Investment (FDI) Policy has been gradually liberalized in the last two years. Since defence projects involve long gestation period and investment inflow takes time even after the projects are approved and contracts awarded, there is always a time lag before the impact of FDI is visible. In the year 2014-15, FDI of …

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India Aims 600 Million Broadband Connections By 2020

New Delhi (ABC Live):Broadband Connections :The Minister for Communications Shri Manoj Sinha said that as per information provided by Telecom Regulatory Authority of India (TRAI), there were 422.19 million broadband subscribers and the internet penetration (internet subscriber per 100 populations) was 32.86% in the country as on 31st March 2017. In a written reply to a question in the Rajya …

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Subsidized Urea for Non-agricultural Purposes in India

New Delhi (ABC Live): Subsidized Urea : Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Shri Mansukh L. Mandaviya, in a written reply to a question in Rajya Sabha today, informed that during last year, there were no reports of alleged diversion & smuggling of subsidized urea for non-agricultural purposes.  Also, the Minister stated that …

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India Revives Five Closed Fertilizer Plants

New Delhi (ABC Live): Closed Fertilizer Plants : Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Shri Mansukh L.Mandaviya, in a written reply to a question on revival of closed fertilizer plants in Rajya Sabha today, informed that at present eight fertilizer public sector plants have been lying closed. Out of these closed plants presently five plants …

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