i. The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for restructuring the schemes of the Ministry of Food Processing Industries (MoFPI) under new Central Sector Scheme – SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) for the period 2016-20 coterminous with the 14th Finance Commission cycle.
ii. The objective of SAMPADA is to supplement agriculture, modernize processing and decrease agri-waste.
‘South Asia Satellite’ launched
i. India has launched the Geosynchronous Satellite Launch Vehicle (GSLV-F09) carrying the GSAT-9 or the “South Asia” satellite.
ii. The satellite was lifted off from the Satish Dhawan Space Centre in Sriharikota in Andhra Pradesh.
iii. Nepal, Bhutan, Afghanistan, Maldives, Bangladesh and Sri Lanka agreed but Pakistan is not a part of the project that was initially christened the SAARC satellite.
Reliance, SAP launch ‘SARAL GST’ solution for taxpayers
i. Reliance Corporate IT Park Ltd. (RCITPL) has signed a Memorandum of Understanding (MoU) with enterprise application software major SAP SE to launch ‘SARAL GST’ solution for taxpayers.
ii. According to the subsidiary of Reliance Industries, the new offering will enable taxpayers to be GST compliant and smoothly access the government’s GST System, once GST is rolled out from July 1, 2017.
- Cabinet has approved a New Central Sector Scheme – SAMPADA
- Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters is the full form of SAMPADA
- The objective of SAMPADA is to supplement agriculture, modernize processing and decrease agri-waste
- Reliance, SAP launch ‘SARAL GST’ solution for taxpayers
- The offering will enable taxpayers to be GST compliant and smoothly access the government’s GST System.
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