5th Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank
August 6, 2020, 11:59:54 AM
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 5th Annual Meeting
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the 5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) through video conference in New Delhi.
Every year at the Annual Meeting, the Board of Governors meet to take key decisions that impact the Bank’s future. The discussions at the meeting broadly covered official business including the election of the President of the AIIB and a roundtable discussion on the theme ‘AIIB 2030-Supporting Asia’s Development over the Next Decade’.
Smt. Sitharaman was identified as a Lead Speaker at the roundtable discussion. In her intervention, Smt. Sitharaman appreciated AIIB’s efforts for fast-tracking financial assistance of about $10 Billion to its member countries including India to combat COVID-19 pandemic. Smt. Sitharaman mentioned about Prime Minister Shri Narendra Modi’s initiative of creating a COVID-19 Emergency Fund for SAARC Nations and India’s efforts in supplying critical medical health kits to tackle the COVID-19, and now supporting global efforts of COVID-19 vaccine trials. Besides, the Finance Minister highlighted India’s participation in the “G20 Debt Service Suspension Initiative”.
Smt. Sitharaman also outlined various measures taken by the Government of India to respond to the COVID-19, including the $23 Billion Pradhan Mantri Garib Kalyan Yojana (PMGKP) and $295 Billion Atma Nirbhar Bharat Package (ANBP), which aim at protecting all sectors and sections of the economy. The Reserve Bank of India eased the monetary policy especially reduced reserve requirements and introduced liquidity in the economy to the extent of almost 3.9% of GDP.
The Finance Minister mentioned that to give a boost to the infrastructure development, India has launched the National Infrastructure Pipeline (NIP) 2020-2025 with an estimated expenditure of $1.4 trillion that has created a plethora of fresh investment opportunities for AIIB’s partnerships. Furthermore, she mentioned some of the expectations from the Bank, including the introduction of new financing instruments, mobilising private sector finance, providing financing for social infrastructure to achieve the SDGs 2030, and integrating the development of climate-resilient and sustainable energy access infrastructure into the recovery response to the COVID-19 crisis. Smt. Sitharaman also suggested the Bank establish Regional Presence which would aid in effective project management and implementation.
The Finance Minister commended the AIIB management for the very healthy growth that the Bank has achieved in a short span of five years and wished success to the Bank’s future endeavours.
A search and seizure operation conducted by the Income Tax Department in Kolkata
March 11, 2021, 7:31:22 AM
Kolkata: The Income Tax Department carried out a search and seizure operation on 10.03.2021 on two separate persons based in Kolkata, who are engaged in the handling of cash of others on a commission basis.
Income Tax Department, India, Kolkata
India cabinet approves Pradhan Mantri Swasthya Suraksha Nidhi as a single non-lapsable reserve fund
March 10, 2021, 9:22:05 AM
Delhi: Union Cabinet, chaired by the Prime Minister, Narendra Modi has approved the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) as a single non-lapsable reserve fund for share of Health from the proceeds of Health and Education Cess levied under Section 136-b of Finance Act, 2007.
India, Finance, India Cabinet
Gurugram DGGI officials arrest 2 men for defrauding exchequer of over Rs 690 crore
March 10, 2021, 7:08:55 AM
Delhi: The ongoing investigation of the Directorate General of GST Intelligence, Gurugram Zonal Unit, were able to arrest two gang members of a fake invoicing syndicate, namely Vikas and Manish, who were involved in GST fraud by way of issuance of fake GST invoices in excess of Rs 4,800 crore which defrauded the exchequer of more than Rs 690 crore.
India, Income Tax Department
The Government takes steps to deal with Casteism and Communalism in the country
March 10, 2021, 6:50:50 AM
Delhi: The Central Government provides assistance to State Governments/ Union Territory Administrations towards incentive for inter-caste marriages, where one of the spouses is a member of a Scheduled Caste.
MCA strikes off 10,113 companies from April to Feb in 2020-2021
March 8, 2021, 1:49:31 PM
Rep. image, Office
Delhi: Ministry of Corporate Affairs (MCA) administers the Companies Act, 2013 (the Act), Limited Liability Partnership Act, 2008 and Insolvency and Bankruptcy Code, 2016. There is no provision for weeding out the Companies in the Act.
Railway Minister Piyush Goyal flags off Tanakpur-Delhi Jan Shatabdi Express special train
February 26, 2021, 11:22:48 AM
Rep. image, Train
Delhi: Minister Piyush Goyal said that the introduction of a new modern, safe, LHB coach Purnagiri Janshatabdi train, will boost tourism and connectivity in the region. The Minister also informed that electrification of Pilibhit- Delhi route was already complete, Tanakpur- Pilibhit route is also complete, only CRS inspection is awaited, soon the entire route (Tanakpur- Delhi) will be fully electrified.
INDIA RAILWAYS, Piyush Goyal
MHA extends guidelines for surveillance, containment and caution states/ UT to strictly enforce SOPs
February 26, 2021, 11:05:15 AM
Delhi: Ministry of Home Affairs (MHA) issued an Order today to extend the existing Guidelines for Surveillance, Containment and Caution to remain in force upto 31.03.2021.
Minister of Home Affairs (MHA), India
MoU sign by MCA & CBIC for exchange of data for enhancing the ease of doing business in India
February 25, 2021, 6:07:10 PM
Delhi: Ministry of Corporate Affairs (MCA) and Central Board of Indirect Taxes and Customs (CBIC), Ministry of Finance, signed a Memorandum of Understanding (MOU) for data exchange between the two organisations. The MoU was signed by Manoj Pandey, Joint Secretary, MCA, and B. B. Gupta, ADG, CBIC, in the presence of Rajesh Verma, Secretary, MCA and M. Ajit Kumar, Chairman, CBIC.
MoU, India, MCA, CBIC
India and Pakistan's joint statement on the situation along the Line of Control (LAC)
February 25, 2021, 2:03:51 PM
Delhi: The Director Generals of Military Operations of India and Pakistan held discussions over the established mechanism of hotline contact. The two sides reviewed the situation along the Line of Control and all other sectors in a free, frank and cordial atmosphere.
Line Of Control, LAC, India, Pakistan, Indian Armed Forces
Govt notifies IT (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021
February 25, 2021, 1:44:00 PM
Delhi: Amidst growing concerns around lack of transparency, accountability and rights of users related to digital media and after elaborate consultation with the public and stakeholders, the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 has been framed in exercise of powers under section 87 (2) of the Information Technology Act, 2000 and in supersession of the earlier Information Technology (Intermediary Guidelines) Rules 2011.
Digital Media, India