GS-III

We didn’t have a choice on offset partner, says Hollande Former French President Francois Hollande has claimed that the Indian government suggested industrialist Anil Ambani’s company as the offset partner for the €7.87 bn deal to purchase 36 Rafale fighter jets. Mr. Hollande was the French President at the time …

Fighting global warming will necessarily require taxing carbon emissions, or setting a price on carbon pollution, the World Bank’s chief executive said on Wednesday at a G7 environment meeting in Canada. “We believe very strongly that we can send an economic signal by introducing a shadow price for carbon,” Kristalina …

The Man Booker Prize shortlist includes a book in verse and stories on dystopian themes The shortlist for this year’s Man Booker Prize, one of the world’s most prestigious literary awards, includes for the first time a novel told in verse. The book, The Long Take , by poet Robin …

E-com firms to cut 1% tax in supplier payments E-commerce firms will from October 1 have to deduct 1% tax collected at source (TCS) before making payments to their suppliers. The Finance Ministry on Thursday notified TCS at the rate of 0.50% of the net value of intra-State taxable supplies …

General managers get new postings As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued on Thursday. Shanti Lal Jain and Vikramaditya Singh Khichi have been appointed as executive directors in the Bank of Baroda initially for …

Reduction in import levy in India will enable viable pricing: vice-president Jopp Mercedes Benz does not see itself producing electric vehicles (EVs) in India at the moment due to limited potential, combined with high investments, said a senior company official. To grow the market for such vehicles in the country, …

‘In the long run, the move will result in better efficiency’ The proposed merger of three public sector banks, Bank of Baroda, Vijaya Bank and Dena Bank, is expected to result in better operating efficiency in the long run but there could be an increase in slippages in the short-term, …

Plan includes a ‘friendship’ 135-km petroleum pipeline for exports to Bangladesh State-owned Bharat Petroleum Corporation Limited (BPCL) has sought the government’s nod for threefold expansion of its Numaligarh refinery in northeast from 3 million tonnes per annum (mtpa) to 9 mtpa at a cost of Rs. 22,000 crore. Excise concession …

Asks Centre to amend I-T Act under which individuals, firms avail tax benefit on monetary penalty The Securities and Exchange Board of India (SEBI) wants the government to amend the Income Tax Act to plug loopholes wherein individuals and companies managed to avail tax benefits on the money paid to …

UGC writes to V-Cs to mark the event The University Grants Commission (UGC) has written to the Vice-Chancellors of all universities to celebrate Surgical Strike Day on September 29 to mark the event along the Line of Control that day in 2016. The letter also desires that students pledge their …