What is RERA? After its passage in Parliament in March 2016, it received the presidential nod on March 25, 2016. The RERA came into force on May 1, 2017, a year after the government notified it. 1. It covers commercial and residential real estate properties, bought or sold with the construction covering at least 500... Continued.
Says exemption for healthcare, education to continue The Goods and Services Tax (GST) Council finalised tax rates for all services, except lottery, under the new indirect tax regime to be rolled out from July 1. Services categorized for tax rates Besides the exempted category, which include healthcare and education, all other services have been fitted... Continued.
The Goods and Services Tax Council that met in Srinagar has released details of the rates at which over 1,200 goods will be taxed when the GST regime takes effect. The July 1 rollout of the tax also looks more likely now with the GST Council showing its intent to get things going. About GST... Continued.
In the first surgery of its kind in India, a mother has donated her uterus to her 21-year-old daughter.The 43-year-old offered to undergo the procedure so that her daughter, who was born without a uterus, can experience childbirth. The uterus, or womb, transplant took place in the city of Pune, About uterus transplant A uterus... Continued.
The Goods and Services (GST) Council agreed on the fitment of almost all commodities in the various tax slabs under the new indirect regime to be rolled out on July 1. Rates for various commodities Milk, cereals (unpackaged and unbranded), and jaggery will be exempt from any GST, while sugar, tea, coffee (except instant), and... Continued.
Technology-driven efforts to modernise public transport are being pursued in Delhi, where the Metro, Delhi Transport Corporation, urban rail and the cluster bus collectives are in consultations on how to offer a seamless travel experience. The proposal for a common mobility card, now several years in the making, is in the works. In the South,... Continued.
Cabinet approves signing multilateral convention to curb BEPS (Relevant for GS Prelims, GS Mains Paper III)
The Union Cabinet approved the signing of multilateral convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting (BEPS). The proposed multilateral instrument is an outcome of the OECD/G20BEPS project to tackle base erosion and profit shifting through tax planning strategies that exploit gaps and mismatches in tax rules. The convention... Continued.
NTRO now under Intelligence Act (Relevant for GS Prelims, GS Mains Paper III, Topic : Internal Security)
Will have same curbs as IB, RAW The National Technical Research Organisation (NTRO), which reports to the Prime Minister’s Office (PMO) and the National Security Advisor (NSA) will now have the same “norms of conduct” as the Intelligence Bureau (IB) and the Research and Analysis Wing (R&AW). The Home Ministry issued a notification listing NTRO... Continued.
The Union Cabinet cleared the proposal to construct 10 indigenous pressurised heavy water nuclear reactors with a total capacity of 7,000 MWe. State of nuclear power in India India already has 6,780 MWe of operational nuclear power plants and about 6,700 MWe of plants under implementation, which will be set up by 2021-22.” Need for... Continued.
European commission aims to attain single digital market by 2020. What is the DSM? The Digital Single Market (DSM) is the largest component of the Single Market programme. It is comprised of a considerable number of Directives, Regulations and other instruments aimed at facilitating cross border digital services. This means that on-line banking, on-line shopping... Continued.