Current Affairs 26 June 2017

Current Affairs 26 June 2017

Current Affairs 26 June 2017

Current Affairs Today

GST will help establish traceability of gold: WGC:
The rollout of the Goods and Services Tax (GST) on July 1 will get gold out of the shad- ows of black money and establish traceabili- ty, Somasundaram P. R., managing director, India World Gold Council said.
CBT rejects proposal to reduce PF contribution to 10%:
Trustees of retirement fund body EPFO rejected a proposal to reduce the mandatory contributions toward social security schemes run by it to 10 per cent for workers as well as employers.
Presently, employees and employers con- tribute 12 per cent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme (EDLI). Indian Railways to set up Rs. 35,000 crore fund for projects
The Railway Ministry will send a proposal for the Union Cabinet approval later this month to set up a Railways of India Development Fund with a corpus of Rs 35,000 crore to finance railway projects.
“This fund will not be set up for Indian Railways alone but for the railway sector as a whole in the country. All the companies, including private players and railway station developers, working in the rail sector of India are also eligible to draw on that fund,”
The Fund intends to raise Rs 35,000 crore to be invested over seven years in the rail sec- tor. The fund may be set up through contribu- tion from domestic and international pension funds along with domestic and multilateral borrowings agencies.
Bangladesh SEZs Indian suitors to be named on May 29:
The Government will finalise the list of Indian companies interested in developing Special Economic Zones (SEZs) in Bangladesh.
The development comes nearly two years after India and Bangladesh signed a Memorandum of Understanding (MoU) in June 2015 for “cooperation on establishing Indian Economic Zone (IEZ) in Bangladesh.”

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