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Union Budget 2019: All you want to know about the Budget; Process of Budget approval

Feb 1, 2019
This year, the government will present the Interim Budget, also known as ‘Vote on Account’ as it is close to the end of its term. An interim budget is usually passed by the Lok Sabha without discussion.

Union Budget 2019: Underprivileged

Feb 1, 2019
Keeping the existing reservation framework intact, the government has ensured 10 per cent additional reservation for the backward classes in general category in government jobs and education.

Union Budget 2019: Agriculture Sector

Feb 1, 2019
To provide assured income to small and margiunal farmers, the Union Government has introduced a historic yojana- Pradhan mantra kisan samman nidhi. Under the yojana, the vulnerable farmers, who own around 2 hectares of land, will get direct income support of Rs 6000 per year.

Union Budget 2019-20: Full Budget vs Interim Budget

Feb 1, 2019
The Union Government led by Prime Minister Narendra Modi would be presenting Interim Budget 2019-20 on February 1, 2019, the last budget of the NDA government before the 2019 Lok Sabha Elections.

SEBI proposes relaxed norms for REITs, InvITs to increase access to investors

Jan 30, 2019
The REITs and InvITs are listed entities that mainly invest in income-producing assets, the earnings of which are mostly distributed to their shareholders. They generally get special tax treatment.

UAE, Saudi Arabian central banks launch common digital currency called 'Aber'

Jan 30, 2019
The central banks of the United Arab Emirates and Saudi Arabia have launched a common digital currency called Aber, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies.

India replaces Japan to be world’s second largest steel producer

Jan 30, 2019
India has replaced Japan as the world's second-largest steel producing country, only behind China, which is the largest producer of crude steel accounting for more than 51 per cent of production. India's crude steel production in 2018 was at 106.5 MT, which is up by 4.9 per cent from 101.5 MT in 2017.

India among the most trusted nations globally: 2019 Edelman Report

Jan 22, 2019
India is among the most trusted nations globally when it comes to government, business s, NGOs and media but the country's brands are among the least-trusted, as per the 2019 Edelman Trust Barometer report.

India likely to surpass UK in world's largest economy rankings: PwC

Jan 21, 2019
India is likely to surpass the United Kingdom in the world's largest economy rankings in 2019, as per a report by global consultancy firm PwC. The report has projected real GDP growth of 1.6 per cent for the UK, 1.7 per cent for France and 7.6 per cent for India in 2019.

CCI imposes penalty on Chemists and Druggists Association of Baroda

Jan 17, 2019
The Competition Commission of India has imposed a penalty on the Chemists and Druggists Association of Baroda after it found it to be in contravention of the provisions of the Competition Act, 2002. The move was undertaken after a complaint alleged that the CDAB has indulged in restrictive trade practices.

Government constitutes Group of Ministers on issues relating to lottery

Jan 17, 2019
The Secretary of the GoM on issues relating to lottery shall be Manish Sinha, Joint Secretary (TRU-II), CBIC. The GoM will submit its report to the GST Council in next Meeting of the GST Council.

Cabinet approves Recapitalisation of Export-Import Bank of India

Jan 16, 2019
Exim Bank is the principal export credit agency for India. The infusion of capital into Exim Bank will enable it to augment capital adequacy and support Indian exports with enhanced ability.

7-Member GoM constituted for boosting Real Estate Sector under GST regime

Jan 16, 2019
The group has been tasked to provide a Composition Scheme for Residential Construction Units. It will examine and suggest ways for Composition Scheme or any other Scheme for boosting Real Estate Sector and suggest Scheme for Transition and its introduction

Sushil Modi to head committee to look into GST revenue shortfall faced by states

Jan 14, 2019
Bihar Deputy Chief Minister Sushil Modi will be heading the seven-member group of ministers (GoM) that will look into revenue shortfall being faced by the states after the GST roll-out and suggest steps for augmenting collections.

India set to become third-largest consumer market: WEF

Jan 10, 2019
India is set to become the third-largest consumer market behind only the US and China and consumer spending in India is expected to grow from USD 1.5 trillion at present to nearly USD 6 trillion by 2030, as per a World Economic Forum report.

RBI forms Nandan Nilekani led Committee to boost digital payments

Jan 10, 2019
The five-member committee will be headed by UIDAI’s former Chairman Nandan Nilekani. The committee will review the existing status of digitisation of payments and suggest ways to bridge any gaps in the ecosystem.

SEBI constitutes advisory panel to link research to policy making

Jan 9, 2019
Market regulator Security and Exchange Board of India has constituted a "research advisory" committee that will assist in formulating policy to undertake research relevant for development and regulation of capital markets.

Top Cabinet Approvals: 3 January 2019

Jan 3, 2019
The Union Cabinet has approved the continuation of Rastriya Yuva Sashaktikaran Karyakram scheme for the period 2017-18 to 2019-2020 with a budget outlay of Rs 1160 crore as recommended by EFC.

Cabinet approves merger of Vijaya Bank, Dena Bank and Bank of Baroda; first-ever three way merger in Indian Banking

Jan 3, 2019
The amalgamation will be the first-ever three-way consolidation of banks in India. The amalgamated entity will be India's second largest Public Sector Bank and India’s third largest bank with a total business of more than Rs 14.82 lakh crore.

RBI releases guidelines on restructuring MSMEs loans; allows restructuring of debt up to Rs 25 crore

Jan 2, 2019
The central bank allowed a one-time restructuring of existing debt of up to Rs 25 crore for the MSMEs which have defaulted on payment, however, the loans given to them continue to be classified as standard assets.
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