Big banks merger
Finance Minister Niramala Sitharaman on 30 August 2019 announced measures for the banking sector. Sitharaman said the government is trying to create big next generation banks.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21346-big-banks-merger
#NiramalaSitharaman #PSBs #NPA #PNB #Bigbanks #angeltax

Central pillar of global disarmament
UN Secretary General Antonio Guterres has said the legacy of nuclear testing is “nothing but destruction,” and in a world of rising tensions, our collective security depends on bringing a global treaty into force that bans nuclear explosions.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21345-central-pillar-of-global-disarmament
#CTBT #Nuclear #IAEA #UnitedNations #MrGuterres #global

India nudges Russia
India has nudged Russia to use its influence on oil suppliers cartel OPEC to balance the global oil market, ensuring adequate supply with responsible and reasonable price.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21344-india-nudges-russia
#India #Russia #DharmendraPradhan #OPEC #LNG #Sakhalin3 #Oil

Government bans import of PMAA
The government has banned the import of polymethyl methacrylate (PMAA), with effect from September 1, commerce and industry ministry said in a notification.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21343-government-bans-import-of-pmaa
#PMAA #Government #India #Crylux #methylmethacrylate #Acrylite

SC removes ban on cryptocurrency
The Supreme Court has struck down a ban on the trading of virtual currencies (VC) in India, which was in place after the Reserve Bank of India’s order from April 2018.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23022-sc-removes-ban-on-cryptocurrency.html
#SC #IAMAI #RBI #VCs #Bitcoin #cryptocurrency

Direct Tax Vivaad Se Vishwas Bill approved
A bill to provide an opportunity for taxpayers to settle their tax disputes by paying just due taxes with complete waiver of interest and penalty by March 31 was approved by the Lok Sabha on 4 March 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23021-direct-tax-vivaad-se-vishwas-bill-approved.html
#VishwasBill #DTVSVB #NirmalaSitharaman #ITAT #LokSabha

Intelligence cell for MSMEs
A parliamentary panel on 3 March 2020 recommended setting up of market intelligence cell for MSMEs, and made a case for a cut in tax rates for proprietary as well as partnership firms from 30 per cent to 22 per cent on the lines of reduction in corporate tax.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23020-intelligence-cell-for-msmes.html
#Intelligence #MSMEs #GST #KVIC #RajyaSabha

Merger of PSB is on course
Finance Minister Nirmala Sitharaman on 4 March 2020 said the exercise of consolidation of 10 public sector banks (PSBs) into four is on course and the merger will come into effect from April 1, 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23019-merger-of-psb-is-on-course.html
#PSBs #NirmalaSitharaman #VijayaBank #SBI #Merger

Chambal sanctuary declared eco-sensitive zone
National Chambal sanctuary has been declared as an eco-sensitive zone by the central government. The decision to declare the area as an eco-sensitive zone will prohibit the construction of hotels or resorts within an area of zero to two kilometres from the sanctuary.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23018-chambal-sanctuary-declared-eco-sensitive-zone.html
#Chambal #NCS #MadhyaPradesh #TourismMasterPlan

Amendments in the Companies Act
The Union Cabinet on 4 March 2020 approved amendments to the Companies Act, to decriminalise various offences. Cabinet has approved 72 changes to 65 sections of the Companies Act, Finance and Corporate Affairs Minister Nirmala Sitharaman said.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/23017-amendments-in-the-companies-act.html
#Amendments #CompaniesAct #NirmalaSitharaman #CSR

Ind-Ra revised banking sector outlook
Domestic rating agency India Ratings and Research (Ind-Ra) on 18 September 2020 revised its outlook on the country's banking sector to negative for the second half of this fiscal from stable due to the likely increase in stressed assets, credit costs and weak earnings.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/25796-ind-ra-revised-banking-sector-outlook.html
#IndRa #bankingsectoroutlook #PSBs #UPSCOnlineClasses #OnlineClassses #IASOnlineclasses