PM’s advisory council acknowledges slowdown
Newly constituted PM Economic Advisory Council acknowledges slowdown but declines to share reasons .
7th Pay Commission benefits extended to Central, State university teachers
Around 58,000 professors of 213 Central universities, including IITs, will get full funding from the Centre.
IMF lowers forecasts for India
India’s economic growth for 2017 and 2018 will be slower than earlier projected, the International Monetary Fund (IMF) said in its latest World Economic Outlook.
Aadhaar now a must for post office deposits, PPF, KVP
The government has made biometric identification Aadhaar mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra.
GST Council relief to exporters, small businesses
GST Council announced multiple decisions to reduce their compliance burdens. Includes the eventual setting up of an e-wallet for input tax credits for exporters and the option for small businesses to file returns and pay taxes only once a quarter.
India disputes ILO’s slavery report
Why it is in news? The government has written to the International Labour Organisation (ILO) challenging a recent study on “modern slavery” conducted by the Australia-based Walk Free Foundation…
Excise duty on petrol, diesel cut by ₹2 per litre
Why in news? The government slashed the excise duty on petrol and diesel by ₹2 per litre, effective from October 4 to infuse some festive cheer in a slowing economy…