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No Permission for Cash Transition Above Rs 3 Lacs

New Delhi (ABC Live); In a bid to give a push to Digital Economy and weed-out corruption and black money, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in his Budget Speech today said that the Government has decided that no transaction above Rs 3 lakh will be permitted in cash. Accepting a suggestion by Special Investigation ... Read More »

Salient Features of Direct Tax Proposals

New Delhi (ABC Live):The Union Budget 2017 was laid before the Parliament today by the Hon’ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below: I. Affordable Housing: 1. Three concessions in the scheme of Income Tax exemption for affordable housing: (a) Area of 30 and 60 Sq.mtr. to be counted as carpet area and ... Read More »

The Indian Institutes of Information Technology (Amendment) Bill, 2017

New Delhi (ABC Live):The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of The Indian Institutes of Information Technology (Amendment) Bill, 2017 in Parliament. The amendment Bill provides for inclusion of Indian Institute of Information Technology Design and Manufacturing (IIITDM), Kurnool along with the other IITs in the Principal Act. Subsequently, IITDM ... Read More »

India Amends Constitution Scheduled Castes Order, 1950

New Delhi (ABC Live):The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for amendments in (i) the Constitution (Scheduled Castes) Order, 1950 to modify the list of Scheduled Castes of the State of Odisha, and (ii) the Constitution (Pondicherry) Scheduled Castes Order, 1964 so as to change name of the Union Territory from Pondicherry ... Read More »

Economic Survey Bats Universal Basic Income for India

New Delhi (ABC Live): The Economic Survey 2016-17 tabled in Parliament today by the Union Finance Minister Shri Arun Jaitley has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. The survey juxtaposes the benefits and costs of the UBI scheme in the context of the ... Read More »

89 percent Indians Get Unique Identification Number

New Delhi (ABC Live): Following is the statement by Shri Ravi Shankar Prasad, Minister of Electronics & IT and Law & Justice: “With 68th Republic Day, Unique Identification Authority of India (UIDAI) has achieved another landmark by generating 111 crore Aadhaar in a population of 125 crore plus. The World’s largest and unique biometrics based identification programme with a real ... Read More »

IIMs to Get Status of Institutions of National Importance

New Delhi (ABC Live): The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Indian Institute of Management(IIM) Bill, 2017, under which the IIMs would be declared as Institutions of National Importance which will enable them togrant degrees to their students. Following are the salient features of the Bill: i. IIMs can grant degrees to their ... Read More »

Modi Approves Subsidy Scheme Rural Housing

New Delhi (ABC Live):The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a new scheme for promotion of Rural Housing in the country. The Government would provide interest subsidy under the scheme. Interest subsidy would be available to every rural household who is not covered under the Pradhan Mantri Aawas Yojana (Grameen), PMAY(G). The scheme would ... Read More »

India Releases Its National Action Plan for Children

New Delhi (ABC Live): National Action Plan for Children, 2016 (NPAC) was launched at a special function held to celebrate the National Girl Child Day in New Delhi today. The function was attended by the Minister of WCD, Smt Maneka Sanjay Gandhi, Secretary WCD, Ms. Leena Nair, Secretary, Department of Food and Public Distribution, Smt. Preeti Sudan among others. The ... Read More »

India Successfully Tests Fire Guided PINAKA

New Delhi (ABC Live): DRDO successfully test fired the Guided PINAKA from Launch Complex-III, ITR, Chandipur today at 12:45 PM for further enhanced range. PINAKA Rocket Mark-II, equipped with navigation, guidance and control kit, is transformed to a Guided PINAKA. The conversion has facilitated to enhance the range and improve the accuracy of PINAKA. The Mission met all the objectives. ... Read More »