The Reserve Bank of India (RBI) on Tuesday issued the final framework for regulatory sandbox in order to enable innovations in the financial technology space.A regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may permit certain regulatory relaxations …
Read More »Monthly Archives: August 2019
GST Council may discuss rate cut for auto
The government is likely todebate lowering the rates on certain categories of automobiles in the next GST Council meeting, according to a Finance Ministry official.It is also likely to look at increasing the rate on premium real estate, but also restore the provision of input tax credit for the segment. …
Read More »US says it’s consulting on Asian missile deployment
Senior U.S. diplomat, Andrea Thompson, said on Tuesday that the U.S. is consulting its allies as it plans to deploy intermediate-range missiles in Asia, a move China says it will respond to with countermeasures. The U.S. has said it plans to place such weapons in the Asia-Pacific following the U.S. …
Read More »Trump says US learning ‘much’ from Russia missile test blast
President Donald Trump said on Monday that the U.S. is learning “much” from a deadly blast during a Russian missile test that caused elevated radiation levels. Experts have linked the blast — which killed at least five people — to the 9M730 Burevestnik nuclear-powered cruise missile.AFP Source : https://www.thehindu.com/todays-paper/tp-international/trump-says-us-learning-much-from-russia-missile-test-blast/article29088569.ece
Read More »Japan ‘in the dark’ over S.Korea trade controls: minister
Japan is “in the dark” as to why South Korea has downgraded Tokyo’s trading status, Trade Minister Sung Yun-mo said on Tuesday. South Korea on Monday created a new category of trading status for Japan, which Mr. Sung said made it “hard to work closely with a country that frequently …
Read More »Saudi-UAE ‘rift’ weakens fight against common foe
Riyadh and Abu Dhabi put on a display of unity over Yemen, but the capture of Aden by UAE-backed separatists exposes simmering divisions that analysts say weaken their joint campaign against Iran-linked rebels.The seizure of the presidential palace in the southern port city on Saturday dealt a fresh blow to …
Read More »U.S. delays tariffs on some Chinese goods, drops others
The U.S. is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street.The Office of the U.S. Trade Representative said on Tuesday that it is still planning to go ahead …
Read More »Fee for SC/ST students restored to Rs. 50: CBSE
On the direction of the Ministry of Human Resource Development, the Central Board of Secondary Education (CBSE) said on Tuesday it has decided to restore the practice of charging only Rs. 50 from Scheduled Caste and Scheduled Tribe students of Delhi government and aided schools. The CBSE had recently hiked …
Read More »Centre’s new app for waste collection
An app that will allow users to have waste — solid, wet or construction and demolition (C&D) — collected by their urban local bodies, was launched by the Union Housing and Urban Affairs Ministry on Tuesday, along with a new protocol on wastewater treatment that would become a part of …
Read More »Illegal immigrants may get into NRC, says NGO
Assam Public Works, the NGO whose petition made the Supreme Court start the exercise to update the National Register of Citizens (NRC) in 2013, has resented the rejection of its plea for 100% re-verification of documents of the applicants. The court on Tuesday declined to reopen the process to conduct …
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