GS-III

The government has decided to set up an expert committee to look into all the taxation issues being faced by start-ups and angel investors, the CBDT said on Thursday. It added that “no coercive action or measures to recover the demands of completed assessment under income tax would be taken” …

As its trade war with the U.S. intensifies, China has started looking at India as a major market to sell its products and machinery. However, Indian companies want China to share its technology and even partner with them in its growth story rather than treating India purely as a market …

Blockchain technology may pose challenge to exchanges, depositories: SEBI The Securities and Exchange Board of India (SEBI) is planning to come up with a ‘sandbox’ policy to support development of financial technologies for the capital market, Chairman Ajay Tyagi said here on Thursday. Mr. Tyagi said he also felt that …

Drop in crude oil prices, U.S. Fed stance help currency to strengthen Softening crude oil prices helped the rupee to continue strengthening its momentum for the fourth straight session, appreciating 1% against the dollar. The rupee’s gain is also due to the dollar weakening against all major currencies, as there …

Sri Lanka’s President Maithripala Sirisena named a 30-member Cabinet on Thursday to end a crippling seven-week power struggle with his Prime Minister, but only after a final tussle over who should control the police. Mr. Sirisena reinstated Ranil Wickremesinghe as Prime Minister on Sunday after the Supreme Court threw out …

The government had announced a Rs. 2.11 lakh crore capitalisation plan in October 2017, of which Rs. 1.35 lakh was to be raised through recapitalisation bonds and the remaining was to be raised by the banks either through the market or the sale of non-core assets. So far, the banks …

The Central Drugs Standard Control Organisation (CDSCO) has issued safety guidelines for Isotretinoin, an oral drug, which is used in the treatment of severe acne. Drug Controller General Dr. S. Eswara Reddy has directed Drug Controllers of all the States and the Union Territories to monitor the sale, manufacture and …

The Ministry of Home Affairs (MHA) on Thursday issued an order authorising 10 Central agencies to intercept, monitor, and decrypt “any information generated, transmitted, received or stored in any computer.” The agencies are the Intelligence Bureau, Narcotics Control Bureau, Enforcement Directorate, Central Board of Direct Taxes, Directorate of Revenue Intelligence, …

The development of the indigenously-designed heavy artillery gun, the Advanced Towed Artillery Gun System (ATAGS), has advanced to a stage where user-assisted trials of the gun are likely to start by June and the Army has begun finalising the Preliminary Specifications Qualitative Requirements (PSQR), a defence official said. “Two guns …

The Rajya Sabha did not function for the eight consecutive day on Thursday. Opposition members say the government has failed to make any effort to run the House, and many point the finger at Chairman Venkaiah Naidu. The BJP is not ready to resolve the issues, the Congress has alleged. …