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SpaceX’s Dragon returned to earth from International Space Station (ISS) with the Chinese Experiment.
SpaceX’s Dragon cargo spacecraft returned to Earth from the International Space Station (ISS), bringing back the first Chinese experiment ever to visit the orbiting laboratory.
The unmanned spacecraft splashed down in the Pacific Ocean at 8:12am EDT (5:42pm IST) – about five hours after leaving the space station. It wrapped up SpaceX’s 11th contracted cargo re-supply mission for the US space agency NASA.
Dragon is returning more than 1,860kg of cargo, including science samples from human and animal research, biotechnology studies, physical science investigations and education activities.
Microfinance Institutions Network (MFIN) appointed Rakesh Dubey CEO of SV Creditline Pvt Ltd. as its new President.
Microfinance Institutions Network (MFIN), the premier industry association and Self-Regulatory Organization (SRO) for the microfinance industry in India has announced Rakesh Dubey, CEO of SV Creditline Pvt Ltd. as its new President of the Board.
The newly appointed President Rakesh Dubey has 20 years of experience in the Microfinance domain and has an expertise in setting up MFIs – domestic as well as internationally.
Sri Lanka’s President Maithripala Sirisena appointed Lieutenant General Mahesh Senanayake as new Army Commander.
The President of the Democratic Socialist Republic of Sri Lanka and Commander-in-Chief of the Armed Forces His Excellency Maithripala Sirisena has appointed Major General Mahesh Senanayake RWP RSP USP psc as the 22nd Commander of the Army after promoting him to the rank of Lieutenant General with effect from Tuesday (4th July 2017).
Credit Card bill payment has been exempted under five entities from Cash Dealing Limit.
Restrictions on cash dealings of Rs. 2 lakh or more will not apply to credit card bill payments, business correspondents appointed by banks and issuers of prepaid instruments, the revenue department has said.
The Finance Act 2017 banned cash transaction of Rs. 2 lakh or above with effect April 1, 2017. However, some exceptions were made.
Through a notification, the Income Tax Department has exempted five entities from the purview of this Section.
1. receipts by a business correspondent on behalf of a banking company or co-operative bank;
2. receipt by a company or institution issuing credit cards against bills raised in respect of one or more credit cards.
3. Receipt from an agent by an issuer of pre-paid payment instruments,
4. Receipt by a white label ATM operator from retail outlet and
5. Receipt which is not includible in the total income under clause (17A) of section 10 of the I-T Act, 1961, have been excluded from the purview of the Section 269ST.
Yes Bank signs MOU with Santander UK plc to help boost UK-India trade and local business networking opportunities.
The new partnership will enable Santander to offer its clients access to banking facilities and local support in India through Yes Bank network, while Yes Bank customers will gain access to the range of financial and practical support that Santander offers businesses looking to trade internationally.
Santander UK plc is a British bank, wholly owned by the Spanish Santander Group.
India at 88th place in money holding in Swiss bank, UK remains at the top.
The money officially held by Indians with banks in Switzerland now accounts for a meagre 0.04 per cent of the total funds kept by all foreign clients in the Swiss banking system, as per an analysis of the latest figures compiled by the Swiss National Bank as on 2016-end.
India was placed at 75th position in 2015 and at 61st in the year before that, though it used to be among top-50 countries in terms of holdings in Swiss banks till 2007. The country was ranked highest at 37th place in 2004.
India got a good ranking by The Financial Stability Board (FSB)on financial reform report card to G20 summit.
The Financial Stability Board (FSB), an international body for global financial system, today listed India among countries that are ‘compliant or largely compliant’ on implementation of priority area reforms.
Ahead of the G20 Summit in Germany to be attended by Prime Minister Narendra Modi, among other world leaders, the FSB today submitted its status report on progress in financial regulatory reforms in various jurisdictions, including India.
The report listed India as a ‘compliant’ jurisdiction with regard to the Basel III reforms in area of risk-based capital and as ‘largely compliant’ on liquidity coverage ratio.
Other countries that have been found to be ‘compliant or largely compliant’ on these metrics include Argentina, Australia, Brazil, Canada, China, Hong Kong, Indonesia, Japan, Mexico, South Korea, Russia, Singapore, South Africa, Switzerland, Turkey and the US.
The Asian Development Bank (ADB) & Central Government inks pact of $220 million loan for road revamping in Rajasthan.
The Asian Development Bank (ADB) and the Government of India on Monday signed a $220 million loan agreement meant to improve connectivity, transport efficiency, and safety on the State highways of Rajasthan.
The loan is the first tranche of the $500 million Rajasthan State Highways Investment Program, approved by ADB Board in May this year, that will upgrade about 2,000 km of State highways and major district roads to two-lane or intermediate-lane standards to meet road safety requirements.
Revenue Department removes additional excise duty on cigarette, tobacco with effect from July 1, following the GST implementation.
The revenue department also “rescinded” the central excise notification dated February 27, 2010, which deals with excise duty rate on unmanufactured tobacco and chewing tobacco.
The GST Constitutional (Amendment) Act permits the Centre to levy excise duty on six items including tobacco and tobacco products. The other items are petroleum crude, diesel, petrol, natural gas and ATF.
Following the rollout of Goods and Services Tax (GST) from July 1, the central excise notifications for tobacco, pan masala and cigarettes had to be brought in line with the new indirect tax regime.