Business & Economy Current Affairs 2017

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CBDT signs four unilateral Advance Pricing Agreements  

The Central Board of Direct Taxes (CBDT) under the Department of Revenue, Union Ministry of Finance has entered into four more unilateral Advance Pricing Agreements (APAs). These four APAs are related to Manufacturing, Financial and Information Technology sectors. They cover international transactions such as Contract Manufacturing, Software Development Services and IT Enabled Services. With this,… Read More »

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NITI Aayog launches India Innovation Index

The National Institution for Transforming India (NITI) Aayog and Confederation of Indian Industry (CII) jointly launched India Innovation Index. Besides country’s first innovation index portal was also launched. The index has been jointly developed by NITI Aayog, DIPP and CII in consultation with World Economic Forum (WEF), World Intellectual Property Organization (WIPO), Cornell University, UNIDO,… Read More »

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Government of create five special tourism zones to boost tourism: Budget 2017-18

The Union Budget 2017-18 has announced that Government will set up five Special Tourism Zones in partnership with States. These five special zones will be anchored as Special Purpose Vehicles (SPVs) that will be set up in partnership with the States. In this budget, government has allocated Rs. 1,840.77 crore to the Tourism Ministry, Rs.… Read More »

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Highlights Budget 2017-18

Union Finance Minister Arun Jaitley presented the Union Budget 2017. It was fourth annual budget presented by Arun Jaitley as Finance Minister. This was also first time no separate Railway Budget was presented. The 2017 Union Budget,was broadly focused on 10 themes. They are farming sector, rural population, youth, poor and underprivileged health care, financial… Read More »

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Economic Survey backs Universal Basic Income

The Economic Survey 2016-17 tabled in Parliament has advocated for the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. It suggests that a more efficient way to help the poor will be to provide them resources directly, through a UBI. It will… Read More »

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Labour migration rose to 90 lakh over last 5 years: Economic Survey

According to Economic Survey 2016-17, the inter-state migration of workers in India has increased substantially to 90 lakh annually between 2011-16 period compared to the previous years. The estimate of labour migration in India was based analysis of census data of 2011 and railway passenger traffic in the unreserved category and new methodologies including the… Read More »

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