GS Paper 3

Union Budget 2017-18 Highlights | pdf Download

Union Finance Minister Arun Jaitley today (1st February 2017) has presented the Union Budget for the year 2017- 18. This is his fourth annual budget and the first budget after demonetization. The Union Budget 2017 was broadly focused on 10 broad themes. They are — Farmers, Rural Population, Youth, Poor and Health Care for the Underprivileged; Infrastructure; …

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Universal Basic Income Scheme | PIB Summary

The Economic Survey 2016-17 has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. The survey juxtaposes the benefits and costs of the UBI scheme in the context of the philosophy of the Father of the Nation, Mahatma Gandhi. The Survey …

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GDP growth Post-demonetisation | PIB Summary

The Government says that the adverse impact of demonetisation on GDP growth will be transitional. The Economic Survey 2017 presented in Parliament by the Union Finance Minister,  Shri Arun Jaitley states that once the cash supply is replenished, which is likely to be achieved by end March 2017, the economy would revert to the normal.  Therefore, …

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Operation Clean Money | PIB Summary

Income Tax Department (ITD) has initiated Operation Clean Money. Operation Clean Money The initial phase of Operation Clean Money involves e-verification of large cash deposits made during 9th Day of November to the 30th Day of December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first batch, around 18 lakh persons have been …

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INS Khanderi – Scorpene submarine

INS Khanderi, the second indigenously built Scorpene submarine, was launched at the Mazagon Dock Shipbuilders Limited (MDL) in Mumbai. INS Khanderi | Introduction Khanderi is the second of the six submarines being built at MDL in collaboration with M/s DCNS of France, as part of Project 75 of Indian Navy. The first one, Kalvari, is completing sea trials …

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Pulse Polio Programme | PIB Summary

The President of India Shri Pranab Mukherjee launched the Pulse Polio programme for 2017 by administering polio drops to children less than five years old, at the Rashtrapati Bhawan. Pulse Polio | Highlights Tomorrow, on the National Immunization Day, around 17 crore children of less than five years across the country will be given polio …

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Clarifications on implementation of GAAR provisions | PIB Summary

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961  The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards.  The necessary procedures for application of GAAR and conditions under which it shall not apply, have been enumerated in Rules 10U to 10UC of …

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