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Know Estimate Gross State Domestic Product of India

New Delhi (ABC Live):Gross State Domestic Product : Annual estimates of Gross State Domestic Product (GSDP) and Per Capita Income (measured as per capita net state domestic product) at constant and current prices are prepared by all the States/UTs except UTs of Daman & Diu, Dadra & Nagar Haveli and Lakshadweep. As per latest reports, data for the 33 States/UTs …

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ICAR-NAARM for Agribusiness Accelerator 2.0

New Delhi (ABC Live): Agribusiness Accelerator 2.0 : ICAR-NAARM Technology Business Incubator (TBI), a-IDEA and Indian Institute of Management Ahmedabad’s (IIM-A) incubator Center for Innovation, Incubation and Entrepreneurship (CIIE) announces “AGRI UDAAN”- Food and Agribusiness Accelerator 2.0. This programme will help to selected innovative startups who will be mentored in to scale up their operations in agri value chain for effective …

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CCI Rules CTOCC Association Violates Competition Act

New Delhi (ABC Live): Competition Act :The Competition Commission of India(‘Commission’) has found Container Trailer Owners Coordination Committee (CTOCC) and its four participating associations, namely Cochin Container Carrier Owners Welfare Association (CCCOWA), Vallarpadam Trailer Owners Association (VTOA), Kerala Container Carrier Owners Association (KCCOA) and Island Container Carrier Owners Association (ICCOA), to be in contravention of the provisions of the Competition Act, 2002 (‘the Act’). In …

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Aadhaar Linked PAN becomes Mandatory

New Delhi (ABC Live):Aadhaar Linked PAN  : Permanent Account Number (PAN) is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person. One PAN for one person is the guiding principle for allotment of PAN. However, for achieving the objective of one PAN to one assessee it is required to maintain uniqueness of PAN. …

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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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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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Cabinet Approves Jammu Kashmir GST Order

New Delhi (ABC Live):Jammu Kashmir GST Order : The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for amendment of the Constitution (Application to Jammu & Kashmir) Order, 1954 by way of the Constitution (Application to Jammu & Kashmir) Amendment Order, 2017. The approval paves the way for applicability of Goods and …

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Balance Fiscal Responsibility Aims Employment

New Delhi (ABC Live): Balance Fiscal Responsibility : The combination of weak global commodity prices and recessions in several major emerging economies has resulted in renewed calls for fiscal consolidation. However, the austerity policies that dominated in many developed countries after the global financial and economic crisis of 2008 have, by and large, been proven to have been counterproductive: not …

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