Organisations and Events Dates

Under the GST return filing process, GSTR-2A (the statement of inward supplies) is auto-populated for the recipient based on the supplier's GSTR-1 filing by the 11th of the following month.

The proposal for a Goods and Services Tax in India was first initiated in the year 2000 by the Vajpayee government with the formation of an empowered committee.

The Steel Authority of India Limited (SAIL) established on January 24, 1973, with an authorized capital of Rs. 2000 crore, was made responsible for managing five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur, the Alloy Steel Plant and the Salem Steel Plant. In 1978 SAIL was restructured as an operating company.

The voting age of elections to the Lok Sabha and to the Legislative Assemblies of States was lowered from 21 years to 18 years through the Sixty-first Amendment of the Constitution of India, officially known as The Constitution (Sixty-first Amendment) Act, 1988. Article 326 of the Constitution, which concerns to elections to the Lok Sabha and the Assemblies, was amended to effect this change.

During 1991, some new economic reforms where introduced in India which were also known as LPG ( Liberalization, Privatization, and Globalization). These reforms where taken to make the economy stable and take it out from the national crisis which it was facing. 

Monopolies and Restrictive Trade Practices act, 1969 was enacted to prevent the concentration of economic power to common detriment, control of monopolies, and prohibition of monopolistic and restrictive trade practices and matters connected therewith. But after the New economic reforms, liberalization, privatization, and globalization it was necessary that there must be competition in the market for the survival of the fittest. Therefore, the MRTP Act 1969 was replaced by Competition Act in year 2002. 

In India, the financial year or the fiscal year is from 1st April of a year to 31st March of the next year. All the government budget and policies are framed according to the fiscal year. 

14 January, 1965.

The Industrial Policy Resolution was launched in 1956.

Serious policy focus on export promotion in India began to gain significant momentum in the mid-1980s.

On 18 May 1974, India performed its first successful nuclear bomb test "Smiling Buddha” . 

The bomb was detonated on the army base, Pokhran Test Range, situated in Rajasthan which was regulated by the Indian Army under the supervision of several key Indian generals.

Mahalanobis model, an economic development model developed by the Indian Statistician Prasanta Chandra Mahalanob is in  1953.Second five year plan was based on the Mahalanobis model. It was made for the duration of 1956 to 1961. Main objective of the second five year plan was the industrial development of the country.  The plan was successful and achieved growth ratee of about 4.1%.

The wildlife protection act was implemented in 1972. It was implemented for the protection of plant and animal species. It extends to all the parts of India except Jammu and Kashmir which has its own regulatory bodies for wildlife protection. The act has VI schedules with the specific set of laws for different categories of offenses.

Liberalization refers to the relaxation of Government policies and regulations in order to encourage free and fair growth of trade and industry. It is one of the policies under new economic policy which was adopted by Indian economy in 1991. It promoted free and fair trade.