Business & Economy Current Affairs 2017

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Union Government slaps anti-dumping duty on stainless steel

Union Government has imposed anti-dumping duty on import of cold-rolled flat products of stainless steel for 5 years from 7 countries. The government’s decision comes on the recommendation of Directorate General of Anti-dumping and Allied Duties (DGAD) in the wake of rising incidence of dumping. It was hampering the performance of domestic industry and with… Read More »

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India ranks 4th in black money outflows: GFI Report

India has been placed at fourth position in black money outflows among the developing and emerging economies. It was revealed by Global Financial Integrity’s (GFI’s) Illicit Financial Flows from Developing Countries: 2004-2013 Report.  Key facts Record 1.1 trillion dollars flowed illicitly out of developing and emerging economies in 2013. Top 10 countries: China (1st), Russia… Read More »

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CBDT signs 11 more Unilateral Advance Pricing Agreements

The Central Board of Direct Taxes (CBDT) has entered into 11 more unilateral Advance Pricing Agreements (APAs) with Indian subsidiaries of foreign companies operating in various segments of the economy. Of the total eleven APAs, seven were having rollback provisions in them with maximum period of 9 years, while the other four are extension agreements… Read More »

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Rajiv Bansal appointed as CFO of OlaCabs

Homegrown app-based cab operator OlaCabs has appointed Rajiv Bansal as Chief Financial Officer (CFO) as part of its expansion drive in the country. He will succeed Mitesh Shah who will henceforth lead strategic finance initiatives of Ola as part of Rajiv’s team. Prior to this appointment, Mr. Bansal had worked with country’s second largest software… Read More »

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