The Central Board of Direct Taxes (CBDT) on 6 June 2017 notified a series of exemptions to the anti-abuse provision introduced in the Finance Act 2017 to curtail money laundering through securities transactions.

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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. 

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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.

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Oil India Ltd (OIL), the nation’s second largest state explorer, on 6 June 2017 said it has made an oil discovery in the Baghjan area of upper Assam basin. The well South Baghjan-2 encountered multiple sands in Narpuh and Lakadong+Therria formations

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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

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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.

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