commercecurrents

  54th GST Council Meeting On 9 th September, 2024, the 54 th GST council was held in New Delhi and Honourable Finance Minister Mrs. Nirmala Sitaraman, announced many changes pertaining to goods and services tax(GST). Before going into the details, let us look at the meaning of GST council, composition of GST Council and the outcome of current GST Council Meeting. 1.        What is GST COUNCIL? GST Council is the governing body of the GST having 33 members, out of which 2 members are of centre and 31 members are from 28 state and 3 Union territories with Legislature. The council 2.        Who are the member of GST Council?                      i.             Union Finance Minister (as chairperson)           ...

    UNIFIED LENDING INTERFACE (ULI)-  to boost rural credit RBI, central Bank of India, likely to introduce and advanced technology ULI(The Unified Lendiing Interface) for making it easier for the rural people to get access to loans. This will definitely will improve the financial Inclusion in rural areas. ULI is designed to improve the lending process by lowering costs and speeding up how quickly loans are given out. The Unified Payments Interface (UPI) The Unified Payments Interface (UPI), launched in 2016, has completely changed how digital payments are made in India. It allows people to make real-time transactions through a single mobile app that connects with multiple banks. UPI has been very successful and has drawn global attention for its efficiency, playing a big role in increasing digital payments in India.  The Unified Lending Interface (ULI) ULI enables seamless, consent-based digital information flow, including land records from various sources...

. TATA MOTORS SET TO BEGIN THEIR MANUFACTURING UNIT IN RANIPET, TAMIL NADU Today , an important milestone for Tamil Nadu in General and Manufacturing industry N CM MK Stalin laid the foundation stone for Tata Motors Rs 9000 crore manufacturing plant in in Panapakkam, Ranipet district. It has an economic mileage for the Tamil Nadu. Just after six months of signing of MOUs with Tata Motor Groups, Tata Motor set to begin their manufacturing whch would fetch 5,000 jobs. MOU was signed in March,2024 for envisaging an investment woth Rs.9,000 crores over the period of 5 years which will provide direct and indirect employment opportunities for unemployed youths of Tamil Nadu. he plant will manufacture vehicles of flagship models of luxurious Jaguar and Land Rover, apart from four-wheelers of the Tata Motors portfolio. About Tata Motors Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of inte...

                                    POSTAL INSURANCE PLAN ========================================================================= Introduction  Postal Life Insurance (PLI)  was introduced on 1st February 1884.It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888.It is the oldest life insurer in this country. Over the years, PLI has grown substantially from a few hundred policies in 1884 to more than 50 Lacs policies as on 31.03.2021. It now covers employees of Central & State Governments, Defence and Para-Military Services, Public Sector Undertakings, Banks, Educational Institutions, Local Bodies, professionals (such as doctors, engineers, chartered accountants, MBAs, lawyers etc.) and employees of companies listed with National Stock Exchange (NSE) / Bombay Stock Exchange (BSE) Whole Life...