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India To Host G-20 Summit In 2023
India will host the G20 conference in the year 2023. After the conclusion of the 15th summit in Saudi Arabia, the names of the host countries of this summit to be held in the following years were announced. After the conclusion of the 15th G20 summit organized by Saudi Arabia, the next conference will now be in Italy in 2021. The biggest news of this time about the G-20, the organization of twenty major economies of the world, is that India will now host this summit in 2023. India will preside over Italy in 2021, Indonesia in 2022 and G20
SEBI Doubles Overseas Investment Limit In Individual Based Mutual Funds
The Securities and Exchange Board of India (SEBI) has raised the limit of foreign investment for Individual Mutual Fund from $ 300 million to $ 600 million. Sebi announced this in a circular issued on November 5, 2020, stating that each fund house can make a maximum profit of $ 600 million in foreign investment within the overall industry limit of $ 7 billion. Rajiv Thakkar, Chief Investment Officer (CIO), PPFAS Mutual Fund, said that, if this investment limit had not been raised, some big funds could have reached the upper limit in the coming days. The Securities and Exchange
Central Government Raised Rs 72,480 Tax Amount Under Vivad Se Vishwas Scheme
The central government has so far received tax amount of Rs 72,480 crore in 45,855 cases through the Direct Tax Dispute Resolution Scheme called ‘Vivad Se Vishwas’. The total income tax amount demanded by the Income Tax Department from these cases is about Rs 1.32 lakh crore. According to sources, the Central Public Sector Units (CPSUs) have come forward to resolve revenue dispute cases worth Rs 1 lakh crore, which has improved the possibility of the Government of India’s tax revenue collection target for the year 2019. The amount received is the initial compulsory payment made by taxpayers who opted
Third India-Canada Track 1.5 Dialogue between India and Canada
On 17 November 2020, Union Minister of External Affairs S.K. Jaishankar and his Canadian counterpart Francois-Philippe Champagne participated in the third Indo-Canada Track 1.5 dialogue. The talks that the Foreign Minister participated in were hosted by the Ontario-based Center for International Governance Innovation and Gateway House: Indian Council on Global Relations. These two countries discussed cooperation in relation to the Covid-19 pandemic and ensured to work together on strong investment and commercial relations. During this third India-Canada Track 1.5 Dialogue, the two countries noted and appreciated that, New Delhi and Ottawa are working and collaborating a lot in global affairs.
State’s consent is necessary for CBI Investigation : Supreme Court
The Supreme Court of India has declared that the consent of the concerned State Government is mandatory for a CBI inquiry under its jurisdiction as it conforms to the principle of federalism. The Supreme Court also said that the Central Government will not be allowed to expand the jurisdiction of the agency (CBI) in that state without the consent of any state. The decision taken by the Supreme Court has come in the context of eight non-BJP states – Kerala, Jharkhand, Bengal, Maharashtra, Mizoram, Chhattisgarh, Rajasthan and Punjab, who have given their general powers to the CBI to investigate new
PM Modi and Prime Minister of Bhutan launch second edition of RuPay Card
Prime Minister Narendra Modi started the second phase of the India-Bhutan RuPay Card on 20 November 2020. Prime Minister Modi said that like all Indians, I also have a special love and friendship for Bhutan. Whenever I meet you, there is a special feeling of belonging. Prime Minister Narendra Modi said that today we are starting the second phase of RuPay Card. With the RuPay card issued by Bhutan National Bank, you will be able to transact up to Rs 1 lakh from ATMs in India and up to Rs 20 lakh at point sale terminals. This will enable tourism,
Oxford COVID-19 vaccine may come in April 2021: CEO Adar Poonawala
On November 19, 2020, Adar Poonawala, CEO of Serum Institute of India, a pharma company that is making vaccines for coronaviruses in India, said that the Covid-19 Oxford vaccine could be on the market by April 2021 for health workers and the elderly. Along with this, CEO Adar Poonawala said that the Corona vaccine may be available to the public in the next 4 to 5 months. He said that the cost of two doses required to the public will be maximum of one thousand rupees but it will depend on the final results of the test and the approval
UAE Cancels Visas Of These 12 Countries Due To Corona Pandemic
The United Arab Emirates (UAE) has temporarily banned the issuance of new visas for visitors from Pakistan and 11 other countries. There is no India in these 12 countries. Pakistan’s Foreign Ministry has confirmed this on 18 November 2020. It was informed by the Ministry that this decision has been taken in view of the second wave of Coronavirus infection. Pakistan Foreign Ministry Spokesperson Zahid Hafiz Chaudhary said- We have come to know that UAE has decided to suspend travel visas for 12 countries including Pakistan till further orders. In addition to Pakistan, the UAE government has suspended the issuance
Know About Atmnirbhar Bharat Rozgar Yojana In Detail
Union Finance Minister Nirmala Sitharaman launched a new scheme on 12 November 2020 to boost employment in India recovering from the Covid transition period. It has been named Atmnirbhar India Employment Scheme. He also announced an income tax benefit for buyers and builders. Modi government is going to bring a special kind of portal for migrant labourers. Its purpose is to encourage new employment. Under this, companies which are giving employment to new people i.e. those who were not already covered in Employees Provident Fund Organization (EPFO), will get the benefit. The Modi government announced the launch of Self-Reliant India
Reserve Bank selected Kris Gopalakrishnan as the first Chairman of the Reserve Bank Innovation Hub
The Reserve Bank of India, in a statement issued on November 17, 2020, stated that Senapati (Kris) Gopalakrishnan, co-founder and former co-chairman of Infosys, was appointed as the first chairman of the Reserve Bank Hub (RBIH) has been done. Presently, he is the head mentor of the start-up village which is an incubation center for various start-ups. In August 2020, the Central Bank of India (RBI) announced the setting up of the Reserve Bank Innovation Hub to promote innovation in the financial sector. This process, along with leveraging technology, will create an environment that promotes and facilitates innovation. The Reserve
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