The Supreme Court on 9 June 2017 ruled that it would be mandatory for Aadhaar holders to link Aadhaar with their permanent account number (PAN) for filing income tax returns (ITRs).
India improved its ranking by one notch to 9th position as one of the highest recipients of foreign direct investment (FDI) in 2016, at a time global FDI flows fell, the UN trade and development agency said in its latest World Investment Report 2017.
India has signed a ground-breaking multilateral BEPS convention that will close loopholes in thousands of tax treaties worldwide. The multilateral instrument was signed by Finance Minister Arun Jaitley at the OECD headquarters in Paris.
For the first time, three renowned Indian institutions — the Institute of Science (IISc) Bangalore and the IITs Delhi and Bombay, have catapulted to the list of the top 200 global universities.
The Reserve Bank of India (RBI) has identified some large stressed loan accounts for resolution as it steps in to directly fix the bad loan menace at Indian banks, after it was empowered by a recent banking ordinance to do so.
Petrol and diesel prices will be revised every day across the country from June 16, according to an official statement from public sector oil marketing companies.
India will soon sign a pact with Somalia for exchange of sentenced prisoners as the Union Cabinet on 7 June 2017 gave its nod for it. A meeting of the cabinet, chaired by Prime Minister Narendra Modi, gave its approval for signing and subsequent ratification of the agreement on transfer of sentenced persons between India and Somalia.
Shri J P Nadda, Union Minister for Health and Family Welfare launched the ‘Skill for Life, Save a Life’ initiative. India enjoys a demographic dividend as more than 65% youth are below the age of 35 years and the Government is determined to seize this opportunity by providing adequate skills and employability to the youth for a strong foundation for continued and sustainable growth.
Habibganj in the suburbs of Bhopal will redefine the concept of a railway station in India. The country’s first railway station to be redeveloped as a public-private partnership (PPP), Habibganj is set to become a swanky commercial hub with shops, offices and hotels, all in a span of three years.
UN chief Antonio Guterres has warned that the state of the oceans will continue to deteriorate unless nations overcome short-term territorial and resource interests. “Improving the health of our oceans is a test for multilateralism, and we cannot afford to fail,” Secretary-General Guterres said, addressing the first UN conference on the health of the oceans and seas.
India on 6 June 2017 signed an agreement with Sri Lanka to provide USD 318 million as line of credit to develop the island nation’s railway sector. The agreement was signed by RHS Samaratunga, Secretary, Ministry of Finance and Mass media, and David Rasquinha, Managing Director of India’s Export-Import Bank in Colombo.
The Indian Space Research Organisation on 5 June 2017 launched the GSAT-19 satellite, one of the heaviest communication satellites, with the GSLV MK III-D1 rocket. The rocket became the heaviest to be launched by the Indian space agency ever with the heaviest single payload put in orbit as well.
The government has started its media blitzkrieg to tell the common man that the upcoming GST will reduce prices of most goods. The Central Board of Excise and Customs (CBEC) in advertisements in leading dailies gave pictorial representations of items which are exempt from Goods and Services Tax and the ones which would attract lower tax of 5 per cent.
India on 2 June 2017 successfully test-fired its indigenous nuclear-capable Prithvi-II missile from the Integrated Test Range (ITR) at Chandipur in Odisha. The surface-to-surface medium-range ballistic missile was fired from a mobile launcher from launch complex-3 of ITR.
The Laser Interferometer Gravitational-wave Observatory (LIGO) said that it had made another successful detection of gravitational waves, ripples in space and time, from the merger of two massive black holes that happened three billion light years away.
Union Minister of State for Parliamentary Affairs and Agriculture and Farmers Welfare, Shri S.S. Ahluwalia, led anIndian Parliamentary delegation on a three-day visit to Sweden for promoting and strengthening parliamentary relations between the two countries.
India has lost 1,700 hectares of forest annually between 1962 and 2002 due to cultivation of tobacco in these areas, the WHO said. On the eve of ‘World No Tobacco Day’, the global health body said that stamping out its use can help nations reduce large-scale environmental degradation.
The United Nations on 30 May 2017 appointed an Indian human rights lawyer and two other experts to a fact-finding mission investigating alleged killings, rape and torture by security forces against Rohingya Muslims in Myanmar’s Rakhine state.
The world's largest optical and infrared telescope is being built in Chile that will help scientists understand the inner-workings of the universe. With a main mirror 39 metres in diameter, the Extremely Large Telescope (ELT) is being built by the European Southern Observatory (ESO).
NASA will soon make an announcement about their first mission to fly directly in the Sun’s atmosphere. NASA will host an event from the University of Chicago’s William Eckhardt Research Center Auditorium on May 31. The event will be streamed live on NASA television and agency’s website.
Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable state-owned company. IOC, which has for decades been India's biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.
Indo-Thailand Humanitarian Assistance and Disaster Relief (HADR) Table Top Exercise 2017 is in progress at Chiang Mai, Thailand from 22 May to 26 May 17 between the Indian Air Force and Royal Thailand Air Force (RTAF). The eleven member IAF contingent is led by Group Captain Sucharu Rai VM.