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RBI constitutes Expert Committee headed by Bimal Jalan on Economic Capital Framework

Dec 27, 2018
The Committee will review status, need and justification of various provisions, reserves and buffers presently provided for by the Reserve Bank of India.

MSME Ministry proposes to establish governing council to boost shipments

Dec 26, 2018
The Ministry of Micro, Small and Medium Enterprises has proposed to establish a governing council to ensure efficient delivery of all export-related interventions, as a part of its action plan to boost shipments from micro, small and medium enterprises.

GST Council reduces GST Rates of 23 goods and services; revised rates effective from January 1, 2019

Dec 24, 2018
The GST rate on movie tickets, costing up to Rs 100, was cut to 12 percent from 18 percent, while tickets over 100 rupees will attract 18 percent tax against 28 percent. Monitors and TV screens up to 32-inches and power banks will attract 18 percent GST, as against 28 percent earlier.

SDG India Index 2018: Himachal Pradesh, Kerala, Tamil Nadu ranked as Front Runners

Dec 21, 2018
The SDG India Index acts as a bridge between these mandates, aligning the SDGs with the Prime Minister’s clarion call of ‘Sabka Saath, Sabka Vikas’, which embodies the five Ps of the global SDG movement – People, Planet, Prosperity, Partnership and Peace.

Union Government to set up panel to look into tax issues faced by start-ups

Dec 21, 2018
The Union Government has decided to set up an expert committee to look into all the taxation issues being faced by startups and angel investors. The key objective behind the move is the promotion of startups in India.

Top Cabinet Approvals: 18 December 2018

Dec 18, 2018
The Union Cabinet has approved the establishment of two new AIIMS at Madurai, Tamil Nadu and Bibinagar, Telangana. Each new AIIMS will add 100 undergraduate seats and 60 B.Sc. seats and would have 15-20 super specialty departments and around 750 hospital beds.

Supreme Court dismisses all petitions alleging irregularities in Rafale Deal

Dec 15, 2018
The Supreme Court has dismissed a group of petitions that demanded an independent probe into the controversial Rafale fighter jet deal, stating that it was satisfied with the procurement process. The court stated that the perception of individuals cannot be a ground for the Court to interfere.

India, ADB sign USD 60 Million loan agreement to reduce floods in Assam

Dec 14, 2018
The loan agreement aims to continue financing riverbank protection works, renovation of flood embankments, and community-based flood risk management activities in critically flood-prone areas along the Brahmaputra River in Assam.

National Pension System streamlined: Government's contribution to NPS hiked to 14 percent

Dec 11, 2018
The proposed changes to NPS would be made applicable immediately once time critical decisions are taken in consultation with the other concerned Ministries and Departments.

SEBI to relax listing norms for start-ups; renames ITP as ‘Innovators Growth Platform’

Dec 10, 2018
Earlier, the capital market regulator on June 12, 2018 constituted a Group to review Institutional Trading Platform (ITP) Framework to make stock market listing attractive for startups.

Fifth Bi-monthly Monetary Policy Statement 2018-19: RBI keeps policy rates unchanged; announces scheme for digital transactions

Dec 6, 2018
RBI lowered its inflation forecast based on moderation in food inflation and the sharp decline in international crude oil prices. Accordingly, inflation is projected to be in the range of 2.7 to 3.2 percent in the second half of 2018-19.

Government, ADB sign USD 85 million loan agreement to support skill development in Odisha

Dec 4, 2018
The Union Government has signed an $85 million loan agreement with the Asian Development Bank to improve the skill development eco-system in Odisha and establish an advanced skill training center, the World Skill Center, in the state’s capital city Bhubaneswar.

Revised GDP Back Series data: All you need to know about the new GDP data

Dec 1, 2018
The Central Statistics Office (CSO) uses the estimates from the results of Quinquennial Employment and Unemployment Surveys (EUS) of National Sample Survey Organisation (NSSO), which are conducted once in every five years, for revising the base years of national accounts statistics once in every five years.

India, China sign protocol on hygiene requirements for export of fish meal, fish oil

Nov 29, 2018
India and China have signed a protocol on hygiene and inspection requirements for the exports in New Delhi during the visit of Hu Wei, the Vice Minister of China’s General Administration of Customs. The Chinese delegation discussed issues regarding market access for products such as milk and milk products, agricultural goods like soy meal, fruits and vegetables, tobacco and pharmaceuticals.

Maharatna, Navratna & Miniratna Status of CPSEs: NPCC is now a Miniratna

Nov 28, 2018
The government grants the status of Maharatna, Navratna, and Miniratna to Public Sector Undertakings (PSUs) and Central Public Sector Enterprises (CPSEs) based upon the profit made by these enterprises. The Maharatna, Navratna and Miniratna statuses give financial and administrative power to the companies to a certain extent.

Commerce Minister Suresh Prabhu launches logo and brochure of ‘Logix India 2019’

Nov 28, 2018
This mega logistics event will be organised by the Federation of Indian Export Organisations (FIEO) as a major initiative to improve logistics cost effectiveness and operational efficiencies for India.

India, ADB sign USD 200 million loan agreement to improve highways in Bihar

Nov 27, 2018
The project involves upgrading State Highways to standard two-lane width with road safety features and paved shoulders including reconstructing, widening, and strengthening culverts and bridges.

RBI eases hedging norms for overseas borrowings to 70% from current 100%

Nov 27, 2018
The relaxation in hedging is for Indian companies raising foreign currency-denominated ECBs under Track I of the ECB framework. The 'Track I' refers to medium-term foreign currency-denominated ECB with a minimum average maturity of three to five years.

Government appoints Akhilesh Ranjan as Convenor of Task Force drafting a New Direct Tax Legislation

Nov 26, 2018
The task force has been tasked to draft an appropriate Direct Tax Legislation keeping in view the direct tax system prevalent in various countries, international best practices and economic needs of the country. The Task Force has set its own procedures for regulating its work.

PM Modi lays foundation stone of City Gas Distribution Projects

Nov 23, 2018
Currently, the share of gas in the India’s energy mix is just over 6 per cent and the aim is to reach the 15 per cent figure, while the world average is 24 per cent. India is not only focussing on increasing the use and supply of gas, but also on producing gas through agro-wastes and other products.
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