Economic Affairs

Coordinated Horticulture Assessment and Management using geoinformatics (CHAMAN)

20/10/2017 | Economic Affairs | Agriculture

In a bid to develop India’s horticulture sector and help states identify suitable areas and crop types, the agriculture ministry is working on a proje ...

First Investor of NIIF (National Investment and Infrastructure Fund)

19/10/2017 | Economic Affairs | Infrastructure

First Investor of NIIF (National Investment and Infrastructure Fund) is Abu Dhabi Investment Authority (ADIA) which brings in $1 bn. As part of the pa ...

Sampoorna Bima Gram Yojana

18/10/2017 | Economic Affairs | Financial Inclusion

Government has launched Sampoorna Bima Gram (SBG) Yojana and expanded the coverage of Postal Life Insurance (PLI). With this, apart from government em ...

APY subscribers to touch 1 crore: Finance Ministry

17/10/2017 | Economic Affairs | Financial Inclusion

According to Finance ministry, subscriber base of Atal Pension Yojana (APY), a guaranteed pension scheme for unorganised sector, is expected to increa ...

Bureau of Indian standards (BIS) Act 2016

17/10/2017 | Economic Affairs | Growth and development

A new Bureau of Indian standard (BIS) Act 2016 which was notified on 22nd March, 2016, has been brought into force with effect from 12th October, 2017 ...

SANKALP & STRIVE Schemes to boost Skill India Mission

15/10/2017 | Economic Affairs | Skill Development

The Cabinet Committee on Economic Affairs has approved two new World Bank supported schemes of Rs. 6,655 crore - Skills Acquisition and Knowledge Awar ...

Global Hunger Index 2017

14/10/2017 | Economic Affairs | Poverty

International Food Policy Research Institute (IFPRI) has released global hunger index 2017 and termed India's hunger levels ‘serious’ problem at hand. ...

Sovereign Gold Bond Scheme–Series-III

13/10/2017 | Economic Affairs | Financial Markets

The government has launched the Sovereign Gold Bond Scheme 2017-18 – Series-III, which will be issued by the Reserve Bank India on behalf of the Gover ...

Noble Prize Economics

13/10/2017 | Economic Affairs | Growth and development

University of Chicago academic Richard Thaler was awarded the Nobel Prize for economics. He is pioneer in behavioural economics and has built a bridge ...

External Lending benchmark

11/10/2017 | Economic Affairs | Financial System

A committee set up by the Reserve Bank of India (RBI) has recommended linking bank lending rates to a market benchmark, in a bid to hasten monetary po ...

Panel to review GST composition scheme

10/10/2017 | Economic Affairs | Fiscal system

A Group of Ministers (GoM) has been set up under Assam Finance Minister Himanta Biswa Sarma to make the composition scheme more attractive and revisit ...

22nd GST Council Meeting

10/10/2017 | Economic Affairs | Fiscal system

The GST Council, in its 22nd Meeting has recommended the following facilitative changes to ease the burden of compliance on small and medium businesse ...

Mudra Yojana promotions

7/10/2017 | Economic Affairs | Financial Inclusion

The government has launched promotion campaigns for its flagship scheme Mudra Yojana. 50 promotion campaigns will be organised in different parts of t ...

Fourth Bi monthly monetary policy

5/10/2017 | Economic Affairs | Financial System

Reserve Bank today kept interest rate unchanged as was widely expected in view of upward trend in inflation even as it cut the growth forecast to 6.7 ...

Inter-bank Local Currency Credit Line Agreement

30/9/2017 | Economic Affairs | External Sector

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the signing of the (i) Interbank Local Currency Credit Li ...

Deendayal Hastkala Sankul

27/9/2017 | Economic Affairs | Skill Development

The Prime Ministerof India dedicated to the nation, the Deendayal Hastkala Sankul – a trade facilitation centre for handicrafts – at Varanasi. About t ...

Pradhan Mantri LPG Panchayat

26/9/2017 | Economic Affairs | Energy

The Central government has launched a country-wide LPG Panchayat as a backup to the Pradhan Mantri Ujjwala Yojana to distribute LPG connections among ...

Bharat ke Kaushalzaade and Kaushal Panjee

25/9/2017 | Economic Affairs | Rural Development

Rural Skills Division, Ministry of Rural Development has organized ‘Bharat ke Kaushalzaade’, an event honouring beneficiaries of its key skilling prog ...

Graded Surveillance Measure

25/9/2017 | Economic Affairs | Financial System

SEBI introduced the measure to keep a tab on securities that witness an abnormal price rise that is not commensurate with financial health and fundame ...

Banks can classify priority loans as standard debt

24/9/2017 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has said that the banks can classify priority loans given to defaulting companies as standard debt. The move is to ens ...

RBI to regulate peer-to-peer lending firms

23/9/2017 | Economic Affairs | Financial System

According to a recently released notification of government , All peer-to-peer lending (P2P) platforms will be regulated by the Reserve Bank of India ...

TRAI issues draft recommendations on “Easing of Doing Business”

23/9/2017 | Economic Affairs | Financial System

Aiming to promote ‘ease of doing business’ TRAI has draft recommendations. Important recommendations made: The regulator has proposed that the entire ...

Zero hunger program

22/9/2017 | Economic Affairs | Poverty

Three districts – Gorakhpur in Uttar Pradesh, Koraput in Odisha and Thane in Maharashtra – will initiate India’s ambitious ‘Zero Hunger’ programme thr ...

Cabinet approves Extension of time period of Udaan

21/9/2017 | Economic Affairs | Unemployment

The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Home Affairs for extension of time period of the Scheme "Specia ...

India’s first bullet train project

19/9/2017 | Economic Affairs | Infrastructure

Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe recently laid the foundation stone for India’s first bullet train project in Ahme ...

RBI is not comfortable with bitcoins

16/9/2017 | Economic Affairs | Financial System

The Reserve Bank has indicated that it is uncomfortable with “non-fiat” cryptocurrencies like Bitcoin. A non-fiat cryptocurrency is “Bitcoins for exam ...

Corporate debt

15/9/2017 | Economic Affairs | Financial System

According to a recently released report by Thomson Reuter, India’s corporate debt rose to a seven-year high at the end of March. Highlights of the rep ...

Payment of Gratuity (Amendment) Bill, 2017

14/9/2017 | Economic Affairs | Financial System

The Union Cabinet has given its approval for introduction of the Payment of Gratuity (Amendment) Bill, 2017 in the Parliament. The Payment of Gratuity ...

Dairy Processing & Infrastructure Development Fund

14/9/2017 | Economic Affairs | Agriculture

The Cabinet Committee on Economic Affairs has approved a Dairy Processing & Infrastructure Development Fund” (DIDF) with an outlay of Rs 10,881 crore ...

Loan Waiver

13/9/2017 | Economic Affairs | Agriculture

In India, farm loan waivers have been announced intermittently by both the central and state governments to provide relief to farmers facing distress ...

UJALA scheme launched in Melaka, Malaysia

10/9/2017 | Economic Affairs | Growth and development

Energy Efficiency Services Limited ( EESL) , under Ministry of Power, Government of India has launched UJALA (Unnat Jyoti by Affordable Lighting for A ...

33% rise in hydroelectric plants’ power generation

8/9/2017 | Economic Affairs | Energy

At a time when the Punjab State Power Corporation Limited (PSPCL) is buying power at high rates from thermal plants, its hydel plants produced 33 per ...

The Code on Wages Bill 2017

7/9/2017 | Economic Affairs | Unemployment

The Union Government as part of labour law reforms has undertaken drive to rationalize 38 Labour Acts by framing 4 labour codes viz Code on Wages, Cod ...

RBI includes HDFC Bank in the ‘too big to fail’ list

6/9/2017 | Economic Affairs | Banking

Private sector lender HDFC Bank Ltd has been declared a domestic-systemically important bank (D-SIB). With this, the bank has joined State Bank of Ind ...

Saurashtra Narmada Avataran Irrigation Yojana’ (SAUNI)

5/9/2017 | Economic Affairs | Infrastructure

The President of India, Shri Ram Nath Kovind recently laid the foundation stone of ‘Saurashtra Narmada Avataran Irrigation Yojana’ (SAUNI) Phase-II Li ...

Central Board of Direct Taxes (CBDT) has entered into 4 more Advance Pricing Agreements (APAs)

5/9/2017 | Economic Affairs | Tax System

The Central Board of Direct Taxes (CBDT) has entered into 4 more Advance Pricing Agreements (APAs) during August, 2017. Out of these 4 Agreements, 3 a ...

STPs to be constructed under Hybrid Annuity Model

3/9/2017 | Economic Affairs | Infrastructure

In the first-of-its-kind success, the creation and maintenance of sewage treatment infrastructure under Hybrid Annuity based PPP model has taken off, ...

Atal Pension Yojana (APY)

2/9/2017 | Economic Affairs | Financial Inclusion

The Pension Fund Regulatory and Development Authority (PFRDA) through its ‘One Nation One Pension’ Mobilization Campaign has sourced approximately 3.0 ...

Remove agriculture from Essential Commodities Act

1/9/2017 | Economic Affairs | Agriculture

NITI Aayog has proposed to remove all agricultural commodities from the Essential Commodities Act. Why this proposal needed? This will lead to shiftin ...

Spice Digital gets RBI licence to operate under BBPS

31/8/2017 | Economic Affairs | Financial System

Spice Digital Limited (SDL) has received the final licence from the Reserve Bank of India (RBI), allowing the company to process bill payments as a Bh ...

Consolidated FDI policy document

31/8/2017 | Economic Affairs | External Sector

Department of Industrial Policy & Promotion (DIPP) has released its latest edition of consolidated Foreign Direct Investment Policy incorporating all ...

Lessons from Pradhan Mantri Jan Dhan Yojana

30/8/2017 | Economic Affairs | Financial System

This month marks the completion of the third anniversary of the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY), the financial inclusion scheme. ...

Government e-Market portal

30/8/2017 | Economic Affairs | Agriculture

Uttar Pradesh has joined central Government’s e-Market portal. It will now be making all its procurements of goods and services through the central po ...

NITI Aayog launches Ease of Doing Business Report

29/8/2017 | Economic Affairs | Planning in India

NITI Aayog has launched “Ease of Doing Business” report. The main purpose of this report was to assess the business regulations and enabling environme ...

NITI Aayog’s 3-Year Agenda

28/8/2017 | Economic Affairs | Planning in India

NITI Aayog has come out with a detailed plan for reforms in the economy, judiciary, regulatory structure and social sectors, in the three-year documen ...

Trade deficit with ASEAN

28/8/2017 | Economic Affairs | External Sector

India’s trade deficit with ASEAN has decreased due to imports of essential commodities and there is need for India to seek better market access for it ...

UDAN 2

27/8/2017 | Economic Affairs | Transport

The civil aviation ministry has relaxed the norms for its flagship regional flying scheme called UDAN (Ude Desh Ka Aam Nagrik) to allow for greater co ...

Mentor India Campaign

27/8/2017 | Economic Affairs | Industry

NITI Aayog is all set to launch the Mentor India Campaign, a strategic nation building initiative to engage leaders who can guide and mentor students ...

Financial Stability and Development Council (FSDC)

26/8/2017 | Economic Affairs | Financial System

The seventeenth Meeting of the Financial Stability and Development Council (FSDC) was recently held in New Delhi under the Chairmanship of the Union M ...

Pradhan Mantri Kisan Sampada Yojana

25/8/2017 | Economic Affairs | Agriculture

The Cabinet Committee on Economic has approved the renaming of the new Central Sector Scheme - SAMPADA (Scheme for Agro-Marine Processing and Developm ...

Fiscal Developments: Economic Survey 2016-17

25/8/2017 | Economic Affairs | Fiscal system

The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance of the pace of capital spending and a c ...

Economic Survey 2016-17: Monetary Management and Financial Inter-mediation And Prices and Inflation

24/8/2017 | Economic Affairs | Monetary Policy

Monetary Management and Financial Intermediation The Reserve Bank of India cut the policy rate by 50 basis points during 2016-17. However, it shifted ...

Economic Survey 2016-17: Agriculture and Food Management

23/8/2017 | Economic Affairs | Agriculture

Managing and reducing the various risks in agriculture activities can make the sector resilient, increase profitability and can ensure stable income f ...

Economic Survey 2016-17: Service Sector

20/8/2017 | Economic Affairs | Service Sector

The services sector remains the key driver of India’s economic growth, contributing almost 62 per cent of its gross value added growth in 2016-17. How ...

Long Term Irrigation Fund

19/8/2017 | Economic Affairs | Agriculture

Union Cabinet has approved raising Extra Budgetary Resources (EBR) by Rs 9,020 crore for Long Term Irrigation Fund (LTIF) for year 2018-19 through iss ...

New Metro Rail Policy

18/8/2017 | Economic Affairs | Transport

The Union Cabinet has approved a new Metro Rail Policy that seeks to enable realization of growing metro rail aspirations of a large number of cities ...

Economic Survey 2016-17: External Sector

18/8/2017 | Economic Affairs | External Sector

India’s balance of payments situation which was benign and comfortable during 2013-14 to 2015-16, further improved in 2016-17, as a result of low and ...

Economic survey 2016-17: Industry and Infrastructure

15/8/2017 | Economic Affairs | Infrastructure

Industrial performance has shown a moderation from 8.8 percent during 2015-16 to 5.6 percent in 2016-17. Industrial growth as per Index of Industrial ...

The Code on Wages Bill

13/8/2017 | Economic Affairs | Poverty

The Government has introduced in the Lok Sabha ‘The Code on Wages’ Bill to consolidate and amend the laws relating to wages and bonus which also seeks ...

Anti-dumping duty

13/8/2017 | Economic Affairs | External Sector

Anti-dumping duty is in force on 93 products including chemicals and machinery items imported from China. The other Chinese products on which India ha ...

Banking Regulation (Amendment) Bill passed by Rajya Sabha

12/8/2017 | Economic Affairs | Banking

The Rajya Sabha has passed the Banking Regulation (Amendment) Bill, which empowers the Reserve Bank of India to issue instructions to the banks to act ...

Public Credit Registry (PCR)

12/8/2017 | Economic Affairs | Financial System

RBI has announced the creation of a panel to consider creation of a Public Credit Registry (PCR) operated by the regulator. The PCR will be an extensi ...

National Bank for Agriculture and Rural Development (Amendment) Bill, 2017

9/8/2017 | Economic Affairs | Financial System

The National Bank for Agriculture and Rural Development (Amendment) Bill, 2017 to enable exit of RBI from Nabard and increase authorised capital of th ...

BHARAT 22

8/8/2017 | Economic Affairs | Financial System

A new Exchange Traded Fund (ETF) by the name BHARAT 22 was recently launched. About Bharat 22: Bharat 22 is an ETF that will track the performance of ...

Indradhanush Scheme for banks not applied as envisaged

5/8/2017 | Economic Affairs | Financial System

According to a report by the CAG, the Centre’s ‘Indradhanush’ scheme to recapitalise public sector banks (PSBs) based on their performance was not imp ...

GST composition scheme

2/8/2017 | Economic Affairs | Tax System

The composition scheme is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs 75 lakh — Rs 50 lakh in the cas ...

High Tomato Prices in India

31/7/2017 | Economic Affairs | Agriculture

According to data released by Department of consumer affairs, in just over a month, retail prices of tomato have gone from about Rs 20 per kg to Rs 70 ...

Bharat Bill Payment Central Unit (BBPCU)

29/7/2017 | Economic Affairs | Financial System

The National Payments Corporation of India (NPCI) has received final nod from the Reserve Bank of India (RBI) to function as the Bharat Bill Payment C ...

India performs miserably in war on inequality

29/7/2017 | Economic Affairs | Poverty

The “index and the inequality report” was recently released by the international NGO Oxfam and Development Finance International. Highlights of the re ...

Union Cabinet clears minimum wage code bill

28/7/2017 | Economic Affairs | Poverty

The Union Cabinet has approved the new wage code bill which will ensure a minimum wage across all sectors by integrating four labour related laws. The ...

Revision of guidelines of Sovereign Gold Bonds (SGB) Scheme

28/7/2017 | Economic Affairs | Financial System

The Union Cabinet has given approval for revision of guidelines of Sovereign Gold Bonds (SGB) Scheme with a view to achieve its intended objectives. S ...

Cabinet nod for IWAI bond issue

26/7/2017 | Economic Affairs | Financial System

The Union Cabinet gave its nod to Inland Waterways Authority of India (IWAI) for raising Rs. 660 crore in bonds for extra budgetary resources in 2017- ...

National Trade Facilitation Action Plan

24/7/2017 | Economic Affairs | External Sector

India’s National Trade Facilitation Action Plan (NTFAP), which aims to reduce cargo release time for exports and imports as part of measures intended ...

Aajeevika Grameen Express Yojana

23/7/2017 | Economic Affairs | Poverty

The Ministry of Rural Development is all set to launch a new sub-scheme under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRL ...

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

22/7/2017 | Economic Affairs | Financial System

PMVVY is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above which is available from 4th ...

IBBI notifies rules for bankruptcy probe

19/7/2017 | Economic Affairs | Financial System

The Insolvency and Bankruptcy Board of India (IBBI), which is implementing the Insolvency and Bankruptcy Code (IBC), has notified the regulations for ...

TIES

18/7/2017 | Economic Affairs | External Sector

The Centre has launched a scheme to address the infrastructure problem. About Scheme: The objective of the proposed scheme is to enhance export compet ...

DEMU (diesel electric multiple unit)

18/7/2017 | Economic Affairs | Infrastructure

In line with the Indian Railways ‘Solar Mission’ to reduce dependency on fossil fuels, Railways launched its first 1600 HP solar-powered DEMU (Diesel ...

National Investment and Infrastructure Fund (NIIF)

17/7/2017 | Economic Affairs | Infrastructure

The Department of Economic Affairs has signed an agreement with the NIIF for a ?20,000 crore contribution to the Fund. About NIIF: Infrastructure inve ...

Joint Interpretative Notes (JIN)

15/7/2017 | Economic Affairs | Investment Models

The Union Cabinet has given its approval for the Joint Interpretative Notes (JIN) on the Agreement between India and Bangladesh for the Promotion and ...

New Programme launched by Indian Railways

14/7/2017 | Economic Affairs | Infrastructure

Railway ministry has launched various initiatives to bring entire Railway system on Integrated digital platform. RailCloud Cloud Computing is the emer ...

PM’s crop insurance scheme

11/7/2017 | Economic Affairs | Agriculture

Supreme Court has given the central government six months’ time to demonstrate the gains of Pradhan Mantri Fasal Bima Yojana on the ground level. Expr ...

Aadhaar-PAN linking

7/7/2017 | Economic Affairs | Fiscal system

Government has made it mandatory to link your PAN with Aadhaar effective July 1 , there are certain class of individuals, who are exempted from this, ...

Kaleshwaram Lift Irrigation Project

6/7/2017 | Economic Affairs | Agriculture

KLIP(Kaleshwaram Life Irrigation Project) has many unique features, including the longest tunnel to carry water in Asia, running up to 81 km, between ...

Textiles India 2017

3/7/2017 | Economic Affairs | Industry

Indian Prime Minister has inaugurated Textiles India 2017, India’s first ever mega textiles trade fair at Gandhinagar, Gujarat. This fair will showcas ...

Goods and Services Tax Network (GSTN)

3/7/2017 | Economic Affairs | Financial System

Goods and Services Tax Network (GSTN), the information-technology backbone of India's new tax regime, is a data-storage behemoth. Nearly 80 lakh busin ...

Goods and Services Tax (GST)

2/7/2017 | Economic Affairs | Financial System

India has launched its biggest ever fiscal reform with the government promising a stronger, less corrupt economy while businesses are nervous about th ...

Handbook of Statistics on States 2016-17

1/7/2017 | Economic Affairs | Financial System

RBI has released second edition of its statistical publication titled ‘Handbook of Statistics on States 2016-17‘. This report covers all sub-national ...

FSSAI issues draft regulations for organic food products

30/6/2017 | Economic Affairs | Food Management

Food regulator FSSAI has come out with a draft regulation for organic food products, seeking to ensure that these food items are actually organic. Mai ...

Thirty more Smart Cities

27/6/2017 | Economic Affairs | Infrastructure

Thirty more cities from across the country have been added to the Centre’s Smart Cities Mission, with a proposed investment of Rs.57,393 crore in vari ...

RBI includes complaints against electronic banking services under ombudsman scheme

26/6/2017 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has allowed consumers to lodge complaints against banks for non-adherence to norms related to electronic banking servi ...

City Liveability Index

25/6/2017 | Economic Affairs | Infrastructure

Ministry of Urban Development has launched the ‘City Liveability Index’ for measuring the quality of life in 116 major cities including smart cities, ...

Basel-III norms

24/6/2017 | Economic Affairs | Financial System

It has been made mandatory for the banks to abide by the Basel-III regulatory norms by March 2019. Government is planning to extend the deadline of it ...

Anti-profiteering authority

22/6/2017 | Economic Affairs | Financial System

The GST Council, chaired by Union Finance Minister has approved the anti-profiteering rules. As per this, a five-member anti-profiteering authority wi ...

Insolvency and Bankruptcy Code (IBC)

21/6/2017 | Economic Affairs | Financial System

Reserve Bank of India’s internal advisory committee (IAC) has identified 12 accounts, which account for 25% of non-performing assets of the Indian ban ...

Global Innovation Index 2017

20/6/2017 | Economic Affairs | Growth and development

The World Intellectual Property Organisation (WIPO) has released its 10th edition of the ‘Global Innovation Index (GII)’. Highlight of the index: Glob ...

India top remittance-receiving country in 2016

19/6/2017 | Economic Affairs | External Sector

United nation has released a report on remittance in 2016. Highlight of the report: India was the top receiving country for remittances in 2016 at USD ...

Interest Subvention to banks on Short-Term crop loan to farmers

18/6/2017 | Economic Affairs | Agriculture

The government has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18. The salient features of the scheme are as follows: ...

Financial Resolution and Deposit Insurance Bill, 2017

16/6/2017 | Economic Affairs | Financial System

In line with the bankruptcy code for non-financial firms, the Cabinet has approved the proposal to introduce a Financial Resolution and Deposit Insura ...

Farm Loan

14/6/2017 | Economic Affairs | Agriculture

The Maharashtra government has waived off farm loans of marginal farmers—3.1 million out of the total 13.6 million registered farmers. Maharashtra has ...

Aadhaar must for Atal Pension Yojana

10/6/2017 | Economic Affairs | Poverty

Aadhaar has now been made mandatory to get benefits of the Atal Pension Yojana. Those subscribing to the pension scheme will be required to furnish pr ...

Mega Special Economic Zones (SEZ) in Bangladesh

7/6/2017 | Economic Affairs | External Sector

India’s plan to step up investments in Bangladesh by setting up three mega Special Economic Zones (SEZ) exclusively for Indian companies in the latter ...

India is no longer the fastest-growing economy

7/6/2017 | Economic Affairs | Growth and development

According to data released by CSO, India’s economy grew 6.1% in the three months through March from a year earlier – slowing from a provisional 7.0% i ...

MoU signed between Central Industrial Security Force & National Skill Development Corporation

6/6/2017 | Economic Affairs | Industry

The Central Industrial Security Force (CISF), Ministry of Home Affairs and the National Skill Development Corporation (NSDC) & National Skill Developm ...

Mega Food Park at Rayagada

5/6/2017 | Economic Affairs | Food Management

The first Mega Food Park in the state of Odisha was recently inaugurated at Rayagada. This is the 7th Mega Food Park operationalized in the last 3 yea ...

Oxford Poverty and Human Development Initiative (OPHI) report on multidimensional Poor

4/6/2017 | Economic Affairs | Growth and development

Oxford Poverty and human development initiative (OPHI) has released its report on multidimensional poor. According to this report about 31% of the wor ...

International Comparison Programme (ICP)

2/6/2017 | Economic Affairs | Growth and development

India is participating in the current phase of International Comparison Programme (ICP) with reference to 2017. It is a global statistical initiative ...

New Definition of Start up in India

29/5/2017 | Economic Affairs | Industry

The Department of Industrial Policy and Promotion (DIPP), which is the nodal body for Start-up India, has amended the definition of a start-up. As per ...

Strategic Partnership (SP) model

28/5/2017 | Economic Affairs | Industry

The government’s ambitious Strategic Partnership (SP) model for promoting Indian private industry participation in defence manufacturing has come into ...

Centre approves phasing out of 25-year-old FIPB

28/5/2017 | Economic Affairs | Financial System

Cabinet has decided to abolish Foreign Investment Promotion Board (FIPB). This decision is taken by the government because in the last three years 91- ...

Paytm Payments Bank

28/5/2017 | Economic Affairs | Financial System

Paytm has finally rolled out its Payments Bank. The digital wallet and e-commerce service provider received the final license from RBI for the ban. Wi ...

Public Sector Asset Rehabilitation Agency (PARA)

26/5/2017 | Economic Affairs | Financial System

The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank” is a proposed agency to assume the Non-Performing Assets (NPA) of ...

Multilateral Convention to Implement Tax Treaty

23/5/2017 | Economic Affairs | External Sector

The Union Cabinet has given its approval for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit S ...

Objectives of Demonetization

22/5/2017 | Economic Affairs | Financial System

Objectives of Demonetization Demonetisation is a radical unprecedented step by the Government to seize the status of 500 and 1000 currency notes. The ...

Impact of Demonetisation

21/5/2017 | Economic Affairs | Financial System

Short term impact Stock of black money fell, as some holders came into the tax net Private sector wealth declined, since some high denomination notes ...

Universal Basic income: Economic Survey 2016-17

20/5/2017 | Economic Affairs | Poverty

Guiding Principles of Setting up UBI Define the non-deserving based on ownership of Key assets (for instance a person owing automobile or Air Conditio ...

Pradhan mantri gram sadak yojana

19/5/2017 | Economic Affairs | Rural Development

The Centre will soon begin work on a Rs. 11,000-crore project to provide road connectivity to 44 Naxal-affected districts, including Sukma in Chhattis ...

India’s constitutional provisions that favour creation of GST

19/5/2017 | Economic Affairs | Tax System

India’s constitutional provisions that favour creation of GST : Article 301 establishes the fundamental principle that India must be a common market: ...

Industrial, corporate and Infrastructure sectors

18/5/2017 | Economic Affairs | Industry

The Index of Industrial Production (IIP) which is a volume index with base year of 2004-05 has shown a modest growth of 0.4 percent. The index compris ...

Agriculture and Food Management : Economic Survey 2016-17

17/5/2017 | Economic Affairs | Agriculture

During the South West Monsoon Season (June-September) of the country as a whole received rainfall which was 97 per cent of its long period average (LP ...

Special Category Status

15/5/2017 | Economic Affairs | Financial System

The concept for first introduced in 1969 to provide disadvantaged states with preferential in the form of centralassistance and tax breaks. The states ...

Monetary Management

14/5/2017 | Economic Affairs | Monetary Policy

The Government amended the Reserve Bank of India Act, 1934 to provide for inflation targeting once in every Five years and provide for a statutory con ...

Illegal, Unreported and Unregulated (IUU) Fishing

14/5/2017 | Economic Affairs | Food Management

According to the National Policy on Marine Fisheries, 2017, Indian fishing fleet will not engage in ‘Illegal, Unreported and Unregulated’ (IUU) fishin ...

Panel on Consumption of Fat, Sugar and Salt (FSS)

13/5/2017 | Economic Affairs | Food Management

An expert panel set up by food regulator FSSAI has recommended additional tax on highly processed food items and sugar-laced beverages as well as a ba ...

The Role Of Apparel And Leather In Low Skill Manufacturing

13/5/2017 | Economic Affairs | Industry

India needs to generate jobs that are formal , productive, have the potential for broader social transformations and can generate exports and growth. ...

Improvements in MGNREGA: Economic Survey 2016-17

12/5/2017 | Economic Affairs | Rural Development

Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is the largest social security scheme in the world that guarantees 100 days of unskil ...

External Sector: Economic Survey 2016-17

11/5/2017 | Economic Affairs | External Sector

External Sector: Economic Survey 2016-17 The current account deficit has declined to reach about 0.3 percent of GDP in the first half of FY2017 The tr ...

Reasons of failure to curb NPAs

10/5/2017 | Economic Affairs | Financial System

Loss recognition : The Asset Quality Review was meant to force banks to recognise the true state of their balance sheets. However banks still continue ...

Government gives more power to RBI to identify bad loans and tackle them

9/5/2017 | Economic Affairs | Financial System

The Union Cabinet approved the promulgation of an ordinance to amend the Banking Regulation Act, preparing ground to take tough action against chronic ...

SEBI finalises norms for listing of green bonds

9/5/2017 | Economic Affairs | Financial System

Regulator SEBI(Security Exchange Board of India) has finalized norms for issuance and listing of green bonds, which will help in raising funds from ca ...

Measures taken by RBI for resolution of NPAs: Economic Survey 2016-17

8/5/2017 | Economic Affairs | Financial System

Measures taken by RBI for resolution of NPAs 5/25 rule of refinancing of Infrastructure : This scheme offered a larger window for revival of stressed ...

Universal Basic Income

7/5/2017 | Economic Affairs | Poverty

Even after three decades of sustained economic growth and a proliferation of welfare schemes, roughly one in three Indians still live below the povert ...

Infrastructure Investment Trusts

6/5/2017 | Economic Affairs | Infrastructure

The $668 million initial public offering of IRB InvIT Fund, India's first-ever infrastructure investment trust, drew a reasonably strong demand from i ...

National Steel Policy (NSP) 2017

4/5/2017 | Economic Affairs | Industry

National steel policy which aims to achieve steelmaking capacity of 300 million tonnes by 2030 with an additional investment of Rs 10 lakh crore has b ...

SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters)

4/5/2017 | Economic Affairs | Agriculture

The government has approved a new Rs6,000 crore central scheme ‘SAMPADA’ for the 2016-20 period with an aim to boost processing of marine and agricult ...

Employment under PMEGP falls 9.5%

3/5/2017 | Economic Affairs | Financial System

According to a study conducted by ASSOCHAM job opportunities under the Prime Minister’s Employment Generation Programme (PMEGP) fell over 9.5% year-on ...

One IP- Two Dispensaries scheme And Aadhaar based Online Claim Submission scheme

3/5/2017 | Economic Affairs | Financial System

Minister of State (I/C) for Labour and Employment has launched two schemes “One IP- Two Dispensaries” and “Aadhaar based Online Claim Submission” on t ...

Real Estate Regulatory Act, 2016 (RERA)

2/5/2017 | Economic Affairs | Infrastructure

The Real Estate Regulatory Act, 2016 (RERA) is a landmark development in the history of the sector. The Act comes into force on May 1, 2017. Key provi ...

India’s Forex reserve surge by $1.25 Billion

1/5/2017 | Economic Affairs | Financial System

India's foreign exchange (Forex) reserves rose by $1.25 billion till the second week of April month. According to the Reserve Bank of India's weekly s ...

Three Year Action Agenda

30/4/2017 | Economic Affairs | Planning in India

NITI Aayog has replaced planning commission in 2014. In 2016, Prime minister office decided to replace five year plans with 15 year vision document. T ...

e-SOT and the e-PRAN card launched for Atal Pension Yojana

30/4/2017 | Economic Affairs | Pension and Insurance

With a view to digitally empower the Atal Pension Yojana (APY) subscribers and improve the quality of service, the facility of online viewing of the s ...

DTAA amendments with Singapore, Mauritius and Cyprus

29/4/2017 | Economic Affairs | External Sector

India has amended its over two-decade old tax treaty with Singapore that will allow it to tax capital gains on investments from the South East Asian n ...

New Tagrets for Pradhan Mantri Awas Yojana (Urban)

28/4/2017 | Economic Affairs | Infrastructure

Ministry of Housing and Urban Poverty Alleviation has sanctioned 1,00,537 more houses for urban poor under Pradhan Mantri Awas Yojana (Urban) with an ...

Centre unveils new Agricultural Produce Market Committee Act

28/4/2017 | Economic Affairs | Agriculture

In order to give more freedom to farmers to sell their produce, the agriculture ministry has unveiled “The State/UT Agricultural Produce and Livestock ...

Eight Interesting Facts about India: Economic Survey 2016-17

28/4/2017 | Economic Affairs | Fiscal system

Indians on The Move New estimates based on railway passenger traffic data reveal annual work-related migration of about 9 million people, almost doubl ...

Government e-Marketplace (GeM)

26/4/2017 | Economic Affairs | Agriculture

Government e-Marketplace (GeM) is a very bold step of the Government with the aim to transform the way in which procurement of goods and services is d ...

Anti-dumping duty on hydrogen peroxide

25/4/2017 | Economic Affairs | External Sector

India imposed anti-dumping duty on export of hydrogen peroxide from Bangladesh, second one after imposing the same duty on jute goods on January 5, cr ...

Sovereign Gold Bonds 2017-18

24/4/2017 | Economic Affairs | Financial System

Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I. The Bonds will be s ...

One Crore MGNREGA assets geotagged

23/4/2017 | Economic Affairs | Rural Development

Mahatma Gandhi NREGS has reached a new milestone by geotagging one Crore assets and putting them in public domain. Since the inception of the programm ...

RBI tightens norms on bank performance

18/4/2017 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has tightened the rules that trigger regulatory action on lenders when they fall short of capital or exceed bad loan l ...

Pradhan Mantri Mudra Yojana (PMMY)

17/4/2017 | Economic Affairs | Financial System

Loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs. 1,80,000 crore for 2016-17. Of this amount, ...

BHIM-Aadhaar platform

15/4/2017 | Economic Affairs | Financial System

Prime Minister has launched BHIM-Aadhaar platform from Nagpur. BHIM-Aadhaar platform is the merchant interface of the BHIM App that has been launched ...

Government forms panel to study virtual currencies framework

15/4/2017 | Economic Affairs | Monetary Policy

To examine the existing framework for virtual currencies, the department of economic affairs in the Ministry of Finance has constituted an inter- disc ...

Petrol, diesel prices to change daily

14/4/2017 | Economic Affairs | Transport

From May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets. State-ow ...

Kudankulam Nuclear power plant

10/4/2017 | Economic Affairs | Energy

India has taken over full operational control of Unit 1 of the Kudankulam Nuclear Power Plant (KKNPP). An agreement was signed in this regard recently ...

Travel and Tourism Competitiveness Index 2017

10/4/2017 | Economic Affairs | Industry

World economic forum has released travel and tourism competitiveness index, 2017. In this ranking, India is one of the countries that improved the mos ...

Multi-Modal Terminal

9/4/2017 | Economic Affairs | Infrastructure

The multi-modal terminal is an important component of the development of the National Waterway-1 from Varanasi to Haldia, a distance of 1390 km. NW-1 ...

Geotagging of assets created under RKVY

8/4/2017 | Economic Affairs | Agriculture

The government has proposed to prepare inventory of the assets created in the last one decade (2007-2017) under RKVY through Geotagging technique. Nat ...

Rail Development Authority (RDA)

7/4/2017 | Economic Affairs | Transport

The Union Cabinet has cleared approved setting up an independent rail regulator, named Rail Development Authority (RDA). It will be based in Delhi and ...

Highways and others: How India classifies roads, reclassifies them

7/4/2017 | Economic Affairs | Transport

With the Supreme Court's ban on liquor sales within 500 metres of national and state highways coming into force from April 1, several states are stari ...

Government withdraws subsidy to mild hybrids cars

5/4/2017 | Economic Affairs | Industry

The Central Government has effectively withdrawn the subsidies that have been provided to mild hybrid diesel cars under the FAME scheme. The FAME or ‘ ...

Nutrient Based Subsidy (NBS)

2/4/2017 | Economic Affairs | Agriculture

The Cabinet Committee on Economic Affairs (CCEA) has approved the Fixation of Nutrient Based Subsidy (NBS) rates for Phosphatic and Potassic (P&K) fer ...

CIRDAP (Centre on Integrated Rural Development for Asia and the Pacific)

2/4/2017 | Economic Affairs | Rural Development

The Union Cabinet has given its approval for signing of an Agreement between Ministry of Rural Development and Centre on Integrated Rural Development ...

New accident recording format

1/4/2017 | Economic Affairs | Transport

A new Road Accident Data Recording and Reporting Format has been rolled out by the Ministry of Road Transport and Highways (MoRTH) with a view to movi ...

Soil Health Cards

31/3/2017 | Economic Affairs | Agriculture

According to Indian government so far against the target of 14 crore cards distribution, 6 crore cards have been distributed and remaining cards are u ...

India becomes Net Exporter of Electricity for the first Time

30/3/2017 | Economic Affairs | Energy

As per Central Electricity Authority first time India has turned around from a net importer of electricity to Net Exporter of electricity. During the ...

Supreme Court bans sale of BS-III vehicles from 1 April

30/3/2017 | Economic Affairs | Transport

The Supreme Court has directed that vehicles that are not Bharat Stage-IV (BS-IV) compliant will not be sold after 31 March. Bajaj Auto Ltd and the En ...

Odisha becomes first state to bring banking to remote rural areas through SHG

30/3/2017 | Economic Affairs | Financial Inclusion

Odisha became the first state in the country to carry financial inclusion and extend banking services to unbanked areas through Self Help Groups (SHGs ...

Human development report

27/3/2017 | Economic Affairs | Human Development

UN Development Programme (UNDP)’s has released Human Development report, 2016. Highlights of the report: India has been ranked 131st among 188 countri ...

Global Energy Architecture Performance Index Report 2016

25/3/2017 | Economic Affairs | Energy

Global energy architecture performance index was recently released by Geneva- based World Economic Forum (WEF). Main highlights of the report: Accordi ...

Cabinet approves proposal for Amendments to the NABARD Act, 1981

24/3/2017 | Economic Affairs | Rural Development

Union cabinet has approved the proposals regarding amendments to the NABARD Act, 1981. These amendments are: The Amendments include provisions that en ...

International Diamond Conference

22/3/2017 | Economic Affairs | Industry

International Diamond Conference “Mines to Market 2017” was recently held in Mumbai. The conference on the theme of Mines to Market 2017", brings toge ...

Himachal Pradesh Budget: 2017-18

21/3/2017 | Economic Affairs | Fiscal system

Himachal Chief Minister Virbhadra Singh presented Himachal Budget 2017-18 in which he announced schemes for government employees including contract em ...

Plastic notes

20/3/2017 | Economic Affairs | Monetary Policy

The Union Finance Ministry has given permission to Reserve Bank of India (RBI) to conduct field trials of plastic (polymer-based) currency notes of Rs ...

Trade Infrastructure for Export Scheme (TIES)

18/3/2017 | Economic Affairs | External Sector

The government has launched the Trade Infrastructure for Export Scheme (TIES). The Scheme is focussed on addressing the needs of the exporters. About ...

Labour Ministry’s new rule to ensure employer hiring contract labour

17/3/2017 | Economic Affairs | Industry

In order to improve the ease of doing business in the country, the labour ministry has notified draft rule that would allow principal employer or cont ...

Project on Ornamental Fisheries

13/3/2017 | Economic Affairs | Agriculture

Department of Animal Husbandry, Dairying and Fisheries, the Ministry of Agriculture and Farmers Welfare, has envisaged a program to unlock the country ...

Tamil Nadu, Himachal Pradesh and Tripura chosen for Krishi Karman Awards, 2015-16

8/3/2017 | Economic Affairs | Agriculture

Prime Minister Narendra Modi conferred Himachal Pradesh with the ‘Krishi Karman Award’ for its landmark achievement in showing highest production of f ...

Global customs convention

8/3/2017 | Economic Affairs | External Sector

The government has given its nod for accession to the ‘Customs Convention on International Transport of Goods’ which will help in faster movement of e ...

National Transit Oriented Development Policy

8/3/2017 | Economic Affairs | Infrastructure

To effectively address the emerging urbanization challenges, the Ministry of Urban Development has come out with a multi-pronged policy framework to p ...

Core Sector growth declined

7/3/2017 | Economic Affairs | Industry

The growth of eight core sectors slowed down to a five-month low of 3.4 per cent in January mainly due to contraction in output of refinery products, ...

Algorithmic Trading

3/3/2017 | Economic Affairs | Financial System

The Securities and Exchange Board of India (SEBI) plans to further tighten the regulations for algorithmic trading to minimise instances of misuse of ...

Development of Solar Parks and Ultra Mega Solar Power Projects

27/2/2017 | Economic Affairs | Energy

The Cabinet Committee on Economic Affairs has approved the enhancement of capacity from 20,000 MW to 40,000 MW of the Scheme for Development of Solar ...

Trade Facilitation Agreement ratified by WTO

26/2/2017 | Economic Affairs | External Sector

The Trade Facilitation Agreement (TFA) in Goods of World Trade Organisation (WTO) came into effect with its ratification by two-thirds members of WTO ...

Fourth series of Sovereign Gold Bonds

25/2/2017 | Economic Affairs | Financial System

The government is set to issue series IV sovereign gold bond scheme on 17 March. For distribution of the bonds, commission shall be paid at 1% of the ...

Multilateral FIs allowed investing in ‘masala bonds’

23/2/2017 | Economic Affairs | External Sector

The Reserve Bank of India (RBI) has permitted multilateral and regional financial institutions to invest in rupee-denominated bonds. This decision aim ...

Index of Economic Freedom report 2017

22/2/2017 | Economic Affairs | Planning in India

The heritage foundation has released Index of Economic freedom report , 2017. Highlights of the report: India ranked at 143rd in an annual index of ec ...

Economic Survey on Employment

20/2/2017 | Economic Affairs | Unemployment

According to Economic survey 2016-17, in order to exploit the demographic dividend and meet the growing aspiration of those entering the labor force, ...

Smaller states and Trade

19/2/2017 | Economic Affairs | Financial System

According to Economic Survey, Smaller States such as Uttarakhand, Himachal Pradesh and Goa trade more, while the net exporters are the manufacturing p ...

India’s twin balance sheet problem

18/2/2017 | Economic Affairs | Financial System

Economic Survey 2016-17 devotes an entire section to the twin balance sheet problem of stressed corporates and banks. A solution to the NPA problem mu ...

Food Legumes Research Platform (FLRP)

18/2/2017 | Economic Affairs | Agriculture

The Union Cabinet has approved the establishment of Food Legumes Research Platform (FLRP) by International Center for Agricultural Research in Dry Are ...

Universal Basic Income

17/2/2017 | Economic Affairs | Poverty

One of the key take away from the Economic Survey 2017-18 is the mention of Universal Basic Income, a concept that has been in currency recently. Abou ...

Cabinet approves acquisition of subsidiary banks of State Bank of India

17/2/2017 | Economic Affairs | Financial System

The cabinet approved the proposed merger of State Bank of India (SBI) and five subsidiaries. State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hy ...

Merger of commodity boards

16/2/2017 | Economic Affairs | Financial System

The commerce ministry is planning the merger of commodity boards and set up an umbrella organisation in order to improve production and exports of pla ...

Electronics Development Fund

16/2/2017 | Economic Affairs | Industry

The EDF would put in 10% of the capital in ‘daughter funds’ and the rest would be invested by venture capitalists. Hence, a targeted investment of ?2, ...

Indian Seed Congress

15/2/2017 | Economic Affairs | Agriculture

Indian Seed Congress – 2017 is being held in Kolkata. The theme of Seed Congress is “Seed of Joy” which is very much in line with vision of this gover ...

Indradhanush 2.0

15/2/2017 | Economic Affairs | Financial System

Government plans to come out with ‘Indradhanush 2.0’, a comprehensive plan for recapitalisation of public sector lenders, with a view to make sure the ...

National Investment and Infrastructure Fund

15/2/2017 | Economic Affairs | Infrastructure

The National Investment and Infrastructure Fund (NIIF) plans to raise Rs 8,000 crore from various sources to fund projects worth Rs 16,000 crore for t ...

Rs 2,845 cr released under AIBP for irrigation projects

13/2/2017 | Economic Affairs | Infrastructure

Central assistance worth over Rs 2,845 crore has been released for various Extension, Renovation and Modernisation (ERM) irrigation projects under the ...

SEBI to form panel to facilitate crowd funding

13/2/2017 | Economic Affairs | Financial System

The Sebi-constituted committee headed by Infosys founder N R Narayana Murthy, which will work to boost India's thriving start-up ecosystem. The aim is ...

Aadhaar card is mandatory for PDS

11/2/2017 | Economic Affairs | Food Management

In a significant step to reform the Public Distribution System (PDS), the government has made Aadhar card mandatory for receiving subsidised foodgrain ...

CBDT signs four ‘Advance Pricing Agreements’

9/2/2017 | Economic Affairs | External Sector

The Central Board of Direct Taxes (CBDT) has announced signing of four more unilateral Advance Pricing Agreements (APAs). The four APAs signed pertain ...

Budget 2017-18 and Farmers

6/2/2017 | Economic Affairs | Agriculture

Agriculture is expected to grow at 4.1% in the current year Credit About 40% of the small and marginal farmers avail credit from the cooperative struc ...

Corporate average fuel efficiency (CAFE) norms

6/2/2017 | Economic Affairs | Industry

From 1 April, India adopts CAFE, or corporate average fuel efficiency, norms. About CAFÉ norms: CAFC regulations were proposed by the Ministry of Powe ...

Economic Survey wants modification of FRBM Act

5/2/2017 | Economic Affairs | Fiscal system

India has “changed utterly” over the last 13 years since the Fiscal Responsibility and Budget Management (FRBM) was enshrined in law for prudent fisca ...

Why Rajiv Gandhi Equity Scheme failed

5/2/2017 | Economic Affairs | Capital market

Union Budget 2017 has proposed to discontinue the benefit of tax deduction for investments in the Rajiv Gandhi Equity Savings Scheme (RGESS), introduc ...

Core Industries growth

2/2/2017 | Economic Affairs | Industry

The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eigh ...

Labour migration

2/2/2017 | Economic Affairs | Fiscal system

According to Economic survey 2016-17, Inter-state migration of workers in India has increased substantially to 90 lakh annually between 2011-16 compar ...

Budget 2017-2018

2/2/2017 | Economic Affairs | Planning in India

Agenda and priorities Agenda for 2017-18 is : “Transform, Energise and Clean India” – TEC India TEC India seeks to: a) Transform the quality of govern ...

Economic Survey 2016-17

1/2/2017 | Economic Affairs | Planning in India

India’s economic growth has been pegged at 6.5 per cent for the current fiscal, down from 7.6 per cent recorded in the last financial year, but is exp ...

Indian Railways to rent out hill trains to private players

31/1/2017 | Economic Affairs | Infrastructure

The Indian Railways will soon start leasing out its standalone passenger corridors and branch lines to private companies for operations and maintenanc ...

The Central Board of Direct Taxes (CBDT) issued guidelines on the ‘place of effective management’

30/1/2017 | Economic Affairs | Financial System

The Central Board of Direct Taxes (CBDT) issued guidelines on the ‘place of effective management’, or POEM, of a company to determine its tax liabilit ...

Varishtha Pension Bima Yojana

29/1/2017 | Economic Affairs | Financial System

The Union Cabinet has given its approval for the launch of the Varishtha Pension Bima Yojana 2017. Features of Varishtha Pension Bima Yojana 2017 The ...

RBI stops investments to ‘non-cooperative countries’

28/1/2017 | Economic Affairs | External Sector

Reserve Bank has prohibited Indian entities from making direct investments in any entity located in ‘non co-operative countries and territories’, as i ...

India and Japan dispute on Steel

27/1/2017 | Economic Affairs | External Sector

Japan is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a s ...

CMs Committee on Digital Payments

27/1/2017 | Economic Affairs | Financial System

The CMs Committee on Digital Payments led by the convener and Andhra Pradesh Chief Minister, Shri Chandra Babu Naidu has submitted the interim report ...

National Steel Policy, 2017

23/1/2017 | Economic Affairs | Industry

The new draft National Steel Policy of 2017 has been released. The proposed National Steel Policy 2017 (NSP 2017) is an effort to steer the industry t ...

Cooperative banks cannot accept PMGKY deposits

22/1/2017 | Economic Affairs | Financial System

The government announced that cooperative banks will not be authorised to accept deposits under the Pradhan Mantri Garib Kalyan Deposit Scheme. Accord ...

Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE)

21/1/2017 | Economic Affairs | Industry

The Union Cabinet has approved package for augmentation of the Corpus of Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) for supp ...

Customs convention on the international transport of goods

19/1/2017 | Economic Affairs | External Sector

India is gearing up to sign the Transports Internationaux Routiers (TIR), or the customs convention on the international transport of goods, as it eye ...

An economy for the 99 per cent

19/1/2017 | Economic Affairs | Growth and development

According to a report titled ”An economy for the 99 per cent” by rights group Oxfam, India’s richest 1% now hold a huge 58% of the country’s total wea ...

World Employment and Social Outlook report, 2017

17/1/2017 | Economic Affairs | Unemployment

The United Nations International Labour Organisation (ILO) released its 2017 World Employment and Social Outlook report, which finds economic growth t ...

BHIM(Bharat Interface for Money)

17/1/2017 | Economic Affairs | Banking

Indian government has announced a new digital payments app named BHIM — Bharat Interface for Money — after Babasaheb Dr Bhimrao Ambedkar. The BHIM app ...

Anti-avoidance tax rule GAAR to kick in from April 2017

12/1/2017 | Economic Affairs | Fiscal system

The tax department has clarified that tax anti-avoidance rule GAAR, which was originally to be implemented from April 1, 2014, will now come into effe ...

Minigrids can power rural economic activity

11/1/2017 | Economic Affairs | Rural Development

According to Smart Power India, Mini grids can spur economic activity in rural areas and accelerate the process of expanding mobile phone network acro ...

Bitcoin is the new safe-haven asset

9/1/2017 | Economic Affairs | Financial System

Bitcoin is becoming as safe a haven as gold. The price of the cryptocurrency has been rapidly rising in recent weeks. It traded above $730 per bitcoin ...

India Post Payments Bank

8/1/2017 | Economic Affairs | Financial System

INDIA POST PAYMENT BANK (IPPB) In a bid to boost financial inclusion in the country, the RBI has given approval to the Department of Posts (DoP) to se ...

GDP growth to slow to 7.1% in FY17

8/1/2017 | Economic Affairs | Growth and development

According to CSO(Central Statistical Office), India’s economic growth is likely to decelerate to 7.1% in 2016-17 from 7.6% the previous year, chiefly ...

Modified Special Incentive Package Scheme

6/1/2017 | Economic Affairs | Industry

The commerce and industry ministry is not in favour of extending concessions to US-based iPhone maker Apple for setting up manufacturing unit in India ...

Extension of Direct Tax Dispute Resolution Scheme, 2016

4/1/2017 | Economic Affairs | Fiscal system

After a tepid response to its Budget announcement of Direct Tax Dispute Resolution Scheme, 2016, the government extended the deadline for the scheme b ...

Service charges at restaurants is optional

4/1/2017 | Economic Affairs | Fiscal system

The Department of Consumer Affairs in a notification asked the states to "advise the Hotels and Restaurants to disseminate information through display ...

Financial data management centre (FDMC)

3/1/2017 | Economic Affairs | Financial System

The Committee, headed by Ajay Tyagi , has suggested setting up a financial data management centre (FDMC) for managing the repository of financial regu ...

Indian PM Unveils Schemes for Housing Loans, Farmers & Pregnant Women

3/1/2017 | Economic Affairs | Poverty

PM Modi also announced a slew of sops for the poor, middle-class, farmers and senior citizens. Highlights of the schemes: Home loans for poor and midd ...

Unified Payments Interface

2/1/2017 | Economic Affairs | Financial System

UNIFIED PAYMENTS INTERFACE India is still a cash intensive economy with cash to GDP ratio of over 12%. Still around 95% of transactions by volume and ...

AIRIA ties up with Tripura University for imparting rubber technology programmes

2/1/2017 | Economic Affairs | Industry

The All Indian Rubber Industries Association (AIRIA), the apex body of Rs 75000 crore rubber industries in India, has joined hands with Tripura Univer ...

National Industrial Corridor Development & Implementation Trust (NICDIT)

1/1/2017 | Economic Affairs | Infrastructure

The Union Cabinet approved the expansion of the mandate of Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF Trust). It is ...

Road Connectivity Project for Left Wing Extremism Affected Areas

30/12/2016 | Economic Affairs | Transport

Cabinet Committee on Economic Affairs has approved a Centrally Sponsored Scheme namely "Road Connectivity Project for Left Wing Extremism (LWE) Affect ...

‘Google Tax’ detrimental to startup ecosystem

27/12/2016 | Economic Affairs | Financial System

The equalisation levy, also known as Google Tax’ which the government is imposing on online advertising revenue by non-resident e-commerce companies e ...

RBI imposes penalty on five foreign banks for forex violations

25/12/2016 | Economic Affairs | Financial System

RBI imposes penalty on 5 foreign banks for violating FEMA rules The Reserve Bank of India (RBI) has imposed fine on five foreign banks namely, Standar ...

SBI Research report on digital Economy

24/12/2016 | Economic Affairs | Financial System

According to a report released by SBI, the per-value transactions of debit and credit cards at points of sale (PoS) terminals has declined after demon ...

Global Wage Report 2016-17

23/12/2016 | Economic Affairs | Unemployment

International Labour Organization (ILO) has recently released a report on Global Wage Rate for the year 2016-17. Highlights of the report: Singapore h ...

Union Cabinet approves ordinance to pay salaries by cheques

22/12/2016 | Economic Affairs | Industry

The Union Cabinet cleared an ordinance allowing for payment of salaries by cheque or credit to employee accounts, and empowering states and the Centre ...

Government revised NE Industrial and Investment Promotion Policy

21/12/2016 | Economic Affairs | Industry

The government has revised the North East Industrial and Investment Promotion Policy (NEIIP), 2007. Highlights of the revised policy Government has de ...

Centre plans dedicated fund for infra finance

21/12/2016 | Economic Affairs | Infrastructure

The government has decided to set up a dedicated fund of Rs.10,000 crore to provide credit enhancement for commercially viable infrastructure projects ...

Mukhya Mantri Gram Sadak Yojana

21/12/2016 | Economic Affairs | Infrastructure

Government of Himachal Pradesh has launched a new scheme for development of roads to connect villages across the state. The government has announced t ...

Less Job creation in India

19/12/2016 | Economic Affairs | Growth and development

The unemployment rate has touched 5%, a five-year high, and around 35% of the working population is under-employed. Fewer jobs are being added to the ...

Taxation Laws (Second Amendment) Act, 2016

17/12/2016 | Economic Affairs | Fiscal system

The Taxation Laws (Second Amendment) Act, 2016 has come into force on December 15 2016 under the scheme of Taxation and Investment Regime for Pradhan ...

NITI Aayog announces schemes incentivising digital payment

16/12/2016 | Economic Affairs | Financial System

NITI Aayog has announced the launch of the schemes Lucky Grahak Yojana and the Digi-Dhan Vyapar Yojana to give cash awards to consumers and merchants ...

Home Ministry cancels FCRA licences of NGOs

16/12/2016 | Economic Affairs | External Sector

Home Ministry cancels FCRA licences of Greenpeace and Citizen for Justice and Peace The move comes after the licences were inadvertently renewed for f ...

Major Port Authorities Bill, 2016

15/12/2016 | Economic Affairs | Infrastructure

The Union Cabinet has approved the draft Major Port Authorities Bill, 2016 to replace the existing Major Port Trusts Act, 1963. The bill aims to empow ...

US Federal Reserve raises interest rates

15/12/2016 | Economic Affairs | Monetary Policy

US Federal Reserve raises interest rates for second time in a decade. The US Federal Reserve has raised its benchmark interest rate by 0.25%, only the ...

Cabinet clears changes to double taxation accord with Tajikistan

14/12/2016 | Economic Affairs | External Sector

The Union Cabinet has approved the protocol amending the agreement between India and Tajikistan for avoidance of double taxation and prevention of fis ...

Exclusive suburban tracks

13/12/2016 | Economic Affairs | Infrastructure

Indian Railways is planning to build exclusive rail tracks for suburban trains in a bid to ease congestion. At present, the Railways is running suburb ...

India Social Development Report (SDR)

10/12/2016 | Economic Affairs | Human Development

With the objective of bridging the gap between the mainstream social rights activists and disability rights groups, the Council for Social Development ...

Government decides to print plastic currency note

10/12/2016 | Economic Affairs | Monetary Policy

The government has decided to print banknotes based on a plastic or polymer substrate in order to make counterfeiting them more difficult. History of ...

Steps toward Cashless economy

8/12/2016 | Economic Affairs | Monetary Policy

In a bid to make Indian economy cashless, Indian government has planned a series of steps to increase the awareness of people in this regard . These i ...

Fifth Bi-monthly Monetary Policy Statement, 2016-17

7/12/2016 | Economic Affairs | Monetary Policy

The Reserve Bank of India, in its fifth bi monthly monetary policy statement, kept repo rate unchanged at 6.25 per cent. Reverse repo rate under the L ...

India crossed the $300 billion foreign direct investment (FDI) milestone

6/12/2016 | Economic Affairs | Capital market

India has crossed the $300 billion foreign direct investment (FDI) milestone between April 2000 and September 2016, firmly establishing its credential ...

Asia-Pacific Trade and Investment Report 2016

2/12/2016 | Economic Affairs | Sustainable Development

Economic, social, environmental and governance dimensions of sustainable development remained the primary concerns of the flagship economic and social ...

e-pashuhaat

1/12/2016 | Economic Affairs | Agriculture

e-pashuhaat portal is ecently launched by government to connect farmers and breeders of bovine animals. The portal was launched on the occasion of bir ...

North-East Region Textile Promotion Scheme (NERTPS)

30/11/2016 | Economic Affairs | Industry

The scheme was launched by the Union Textile Ministry. Under this intervention, each state now has one centre with three units having approximately 10 ...

Moody’s report on note ban in India

30/11/2016 | Economic Affairs | Monetary Policy

According to Moody's Investors Service, the shock ban on high-denomination currency notes will in the near term significantly disrupt economic activit ...

Incremental CRR

30/11/2016 | Economic Affairs | Monetary Policy

In order to absorb the surge in liquidity in banking system following demonetisation of high value notes, the Reserve Bank of India (RBI) introduced a ...

Bitcoins

28/11/2016 | Economic Affairs | Financial System

There is an increase in bitcoin adoption in India which is coupled with the government’s decision to demonetise Rs.500 and Rs.1,000 notes. Recently, U ...

Income-Tax Amendment Bill

28/11/2016 | Economic Affairs | Tax System

The government is providing yet another opportunity for people with black money to come clean at a total cost of 50% and having a quarter of their una ...

Airtel launches India’s first payments bank

27/11/2016 | Economic Affairs | Banking

Airtel Payments Bank Ltd has become the first payments bank to start operations. It has launched its services in Rajasthan in a limited scale. The pil ...

SEBI eases rules for angel funds

26/11/2016 | Economic Affairs | Capital market

In a big boost to start-ups looking for funding, market regulator Securities and Exchange Board of India (Sebi) has eased rules for investment by ange ...

Third Protocol to the Convention between India and New Zealand for the avoidance of double taxation

26/11/2016 | Economic Affairs | Tax System

The union cabinet has approved the ratification and entry into force of the third Protocol to the Convention between India and New Zealand for the avo ...

Merchant Shipping Bill

25/11/2016 | Economic Affairs | Transport

The Cabinet has approved a new Merchant Shipping Bill by repealing the 58-year old law, a move that will promote ease of doing business, transparency ...

Kakodkar Committee

24/11/2016 | Economic Affairs | Transport

Four years ago, a high-powered committee on railway safety had made far-reaching recommendations to avoid and reduce casualties in rail accidents like ...

Insolvency and Bankruptcy Code, 2016

24/11/2016 | Economic Affairs | Banking

The Insolvency and Bankruptcy Board (IBBI) of India notified three sets of regulations- (Insolvency Professional) Regulations, 2016; Regulations inter ...

RBI proposes ‘Islamic window’ in banks

23/11/2016 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has proposed opening of “Islamic window” in conventional banks for “gradual” introduction of Sharia-compliant or inter ...

India and Cyprus have inked a revised Agreement for Avoidance of Double Taxation and Prevention of Fiscal evasion (DTAA)

21/11/2016 | Economic Affairs | Tax System

A revised Agreement between India and Cyprus for the Avoidance of Double Taxation and the Prevention of Fiscal evasion (DTAA) with respect to taxes on ...

Market Economy Status (MES)

21/11/2016 | Economic Affairs | External Sector

Indian government has indicated that it is not inclined to automatically grant the coveted ‘Market Economy Status’ (MES) to China this December under ...

Bilateral Advance Pricing Agreements (APAs)

20/11/2016 | Economic Affairs | Tax System

The Central Board of Direct Taxes (CBDT) signed three Bilateral Advance Pricing Agreements (APAs) with the Competent Authority of United Kingdom (UK) ...

Steel Research & Technology Mission of India (SRTMI)

18/11/2016 | Economic Affairs | Industry

Ministry of Steel is planning to set up an Industry driven institutional mechanism namely Steel Research & Technology Mission of India (SRTMI), to fac ...

Agreement between India and ADB

17/11/2016 | Economic Affairs | External Sector

The Asian Development Bank (ADB) and the Government of India have signed a $500 million loan to build a 9.8 km long road bridge across the Ganges Rive ...

Pradhan Mantri YUVA Yojana

14/11/2016 | Economic Affairs | Unemployment

The Ministry of Skill Development and Entrepreneurship has announced launch of Pradhan Mantri Yuva Yojana to scale up an ecosystem of entrepreneurship ...

Free LPG connections under Pradhan Mantri Ujjwala Yojana cross 1 Cr

14/11/2016 | Economic Affairs | Poverty

The number of rural households were distributed with free LPG connections under the Pradhan Mantri UjjwalaYojana (PMUY) has crossed the 1 crore. This ...

New Delhi Declaration on Agro biodiversity Management

11/11/2016 | Economic Affairs | Agriculture

The first International Agro biodiversity Congress (IAC) held in new Delhi has adopted New Delhi Declaration on Agro biodiversity Management. In the d ...

Hybrid-till model

8/11/2016 | Economic Affairs | Transport

The Airport Economic Regulatory Authority (AERA) has initiated a process to adopt a hybrid-till approach for calculating airport fees and the regulato ...

Food Security Act implemented

6/11/2016 | Economic Affairs | Food Management

The National Food Security Act (NFSA), which envisages supply of subsidised foodgrains, has been implemented across the country. Kerala and Tamil Nadu ...

4-level GST rate structure

5/11/2016 | Economic Affairs | Financial System

GST council has finalized a 4-tier tax structure of 5, 12, 18 and 28%, with lower rates for essential items and the highest for luxury and de-merits g ...

Benami Property Transactions Prohibition Act, 2016

4/11/2016 | Economic Affairs | Black Money

The Benami Transactions (Prohibition) Amendment Act, 2016, designed to curb black money has come into effect on November 1 Highlights of the bill: The ...

Real Estate (Regulation and Development) (General) Rules, 2016

2/11/2016 | Economic Affairs | Infrastructure

Union government has notified Real Estate (Regulation and Development) (General) Rules, 2016. Highlights: In respect of the ongoing projects that have ...

Agricultural Marketing & Farm Friendly Reforms Index

2/11/2016 | Economic Affairs | Agriculture

A new ranking of states by the NITI Aayog, based on their performance in reforming agriculture marketing, land leasing and forestry on private land, h ...

CBDT signs 5 Unilateral APAs

1/11/2016 | Economic Affairs | Tax System

The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance has entered into five (5) Unilateral Advance Pricing Agreements ( ...

Ease of doing business index

28/10/2016 | Economic Affairs | Growth and development

As per the World Bank’s 2017 ranking, India ranked 130 amongst 190 countries in ease of doing the business index. Though there have been a slight impr ...

Bitcoins

26/10/2016 | Economic Affairs | Financial System

Narcotics Control Bureau (NCB) is set to freeze about 500 Bitcoins in the accounts of traffickers, the first ever seizure of the virtual, unregulated ...

Capital account Convertibility

25/10/2016 | Economic Affairs | Financial System

The government is not yet ready for full capital account convertibility even though former governor of RBI Raghuram rajan had said the central bank wa ...

HDFC raises Rs 500 crore via masala bonds

24/10/2016 | Economic Affairs | Financial System

Mortgage lender HDFC has raised Rs 500 crore through the sale of Masala Bonds. HDFC has raised a total of Rs 5,000 crore through issuance of rupee-den ...

UDAN(Ude Desh ka Aam nagrik)

24/10/2016 | Economic Affairs | Transport

To boost air travel between smaller cities, fares for one-hour flights will be capped at Rs. 2,500 in the new UDAN scheme. The UDAN scheme (an acronym ...

Accelerated Irrigation Benefits Program (AIBP)

23/10/2016 | Economic Affairs | Agriculture

The government has released the first installment of Rs. 1500 crore to the states as central assistance for 99 prioritized irrigation projects under A ...

Regional connectivity proposal facing hurdles

21/10/2016 | Economic Affairs | Transport

The government’s plans to boost regional air connectivity could hit a legal air pocket as leading domestic airlines have opposed the proposal to charg ...

Small finance banks

21/10/2016 | Economic Affairs | Banking

Small finance banks are adopting an aggressive strategy to garner savings deposits by offering interest rates higher than that offered by full-service ...

National Summit on Fortification of Food

20/10/2016 | Economic Affairs | Food Management

The National Summit on Fortification of Food to address interventions in combating micronutrient malnutrition in the country was concluded recently. F ...

Zero Defect, Zero Effect (ZED) scheme

20/10/2016 | Economic Affairs | Industry

Indian PM has launched the Zero Defect, Zero Effect (ZED) scheme for Micro, Small and Medium Enterprises (MSMEs). The ZED Maturity Assessment Model ha ...

Sagarmala funds flagship project

19/10/2016 | Economic Affairs | Infrastructure

As part of promoting coastal shipping in the country under Sagarmala programme, the Ministry of Shipping has sanctioned the Capital Dredging Project f ...

Cabinet approves revision of ethanol price

16/10/2016 | Economic Affairs | Energy

The Cabinet Committee on Economic Affairs has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies ...

Regional air link scheme may use e-auction path

15/10/2016 | Economic Affairs | Transport

The civil aviation ministry is all set to start the bidding process of routes under the regional connectivity scheme (RCS) and it has sought the coal ...

Global Hunger Index, 2016

14/10/2016 | Economic Affairs | Poverty

India ranked 97th out of 118 countries on the International Food Policy Research Institute’s (IFPRI) Global Hunger Index (GHI) in 2016, behind Nepal, ...

IEA Partnered with India on LED Programme

13/10/2016 | Economic Affairs | Energy

International Energy Agency is partnering with India to promote its LED programme on global level. India, through its company Energy Efficiency Servic ...

Noble Prize in Economics

12/10/2016 | Economic Affairs | Industry

Harvard University’s Oliver Hart and Bengt Holmström of the Massachusetts Institute of Technology won the 2016 Nobel Prize in Economics for laying the ...

Public Debt Management Cell

12/10/2016 | Economic Affairs | Financial System

The Centre has decided to set up an independent agency to mange its debt. As a precursor, the Finance Ministry will soon set up the Public Debt Manage ...

Maharashtra becomes 17th State to join UDAY

10/10/2016 | Economic Affairs | Energy

Government of India has signed a Memorandum of Understanding (MOU) with Government of Maharashtra and Maharashtra State Electricity Distribution Co. L ...

Sagar Port Project

9/10/2016 | Economic Affairs | Infrastructure

The Central Government has given in principle approval to a grant of Rs. 515 crores to make the development of the proposed Sagar Port project in West ...

Indian Bridge Management System

8/10/2016 | Economic Affairs | Infrastructure

A major step was taken towards ensuring safety of bridges in the country, when Indian Bridge Management System (IBMS) was launched. IBMS is being deve ...

Centre accepts pay panel recommendation on promotion

7/10/2016 | Economic Affairs | Fiscal system

The Union government has accepted the recommendation of the 7th Pay Commission on Modified Assured Career Progression (MACP) for Central employees whi ...

Project SAKSHAM

6/10/2016 | Economic Affairs | Fiscal system

The Cabinet Committee on Economic Affairs has approved ‘Project SAKSHAM’, a New Indirect Tax Network (Systems Integration) of the Central Board of Exc ...

National Mission on Bioeconomy

6/10/2016 | Economic Affairs | Sustainable Development

The National Mission on Bioeconomy has launched in Shillong, Meghalaya by the Institute of Bio-resources and Sustainable Development (IBSD). The missi ...

Centre constitutes Insolvency and Bankruptcy Board

5/10/2016 | Economic Affairs | Financial System

The Centre has constituted a four-member Insolvency and Bankruptcy Board of India (IBBI) under the Chairmanship of MS Sahoo. Now IBBI has only four me ...

Income Disclosure Scheme, 2016

3/10/2016 | Economic Affairs | Fiscal system

The Central Board of Direct Taxes (CBDT) has received total disclosure of Rs. 65,250 crore black money in the form of cash and other assets under the ...

Unemployment rises to 5 per cent in Financial Year 2015-16

1/10/2016 | Economic Affairs | Unemployment

According to the latest annual household survey on employment conducted by Labour Bureau, jobless economic growth continues to haunt India’s youth, wi ...

Global Competitiveness Index (GCI)

29/9/2016 | Economic Affairs | Growth and development

India’s ranking in the Global Competitiveness Index for 2016-17, released by the World Economic Forum (WEF), improved 16 places to 39, making it the f ...

Disparity between States growing

28/9/2016 | Economic Affairs | Growth and development

According to a study, which evaluates the governance performance of 19 states, Regional disparity has been growing among these states over the year Hi ...

Rail tariff regulator

28/9/2016 | Economic Affairs | Transport

The PMO has asked the Railways Ministry to follow the legislative route to set up an independent regulator for freight and passenger tariffs rather th ...

Merchandise Exports from India Scheme (MEIS)

25/9/2016 | Economic Affairs | External Sector

The Union Government has extended support to certain new products and the rate of incentives for certain other specified products under the Merchandis ...

Sovereign Gold Bonds issue date extended

25/9/2016 | Economic Affairs | Financial System

Reserve bank of India has shifted the issue date of Sovereign gold bond scheme up to September 30 for “smooth” uploading of the subscriptions in its ‘ ...

Union Cabinet extends subsidy to BSNL

24/9/2016 | Economic Affairs | Industry

The Union Cabinet approved the proposal to extend subsidy support of Rs 1,250 crore to Bharat Sanchar Nigam Limited (BSNL) from the Universal Service ...

Merger of Plan and Non Plan classification in Budget and Accounts

23/9/2016 | Economic Affairs | Fiscal system

The cabinet has approved the merger of Plan and Non Plan classification in Budget and Accounts from 2017-18, with continuance of earmarking of funds f ...

Merger of Railway budget with the General budget

23/9/2016 | Economic Affairs | Fiscal system

The Union Cabinet has approved the proposal of Ministry of Finance to merge Railway budget with the General budget. The arrangements for merger of Rai ...

World Economic Freedom Index 2016

22/9/2016 | Economic Affairs | Growth and development

World Economic Freedom of the World: 2016 Annual Report has been released worldwide. The report measures the degree of economic freedom in countries i ...

Confederation of Indian Industries (CII) report on MSME's

20/9/2016 | Economic Affairs | Industry

Confederation of Indian Industries (CII) has released its white paper titled ‘Inspections and Regulatory Enforcements for Micro Small and Medium Enter ...

Direct Tax Dispute Resolution Scheme

17/9/2016 | Economic Affairs | Tax System

The government has extended the time period of the Direct Tax Dispute Resolution Scheme, 2016. Now the scheme can be availed up to 31st December, 2016 ...

Infra pool to have separate funds for roads, clean energy

16/9/2016 | Economic Affairs | Infrastructure

The government has tweaked the structure of the National Infrastructure Investment Fund (NIIF), which will now have two dedicated funds — one for road ...

GST Council

15/9/2016 | Economic Affairs | Fiscal system

The Union Cabinet has approved setting up of GST Council and setting up its Secretariat. Decisions taken by cabinet : Creation of the GST Council as p ...

Task force on poverty

14/9/2016 | Economic Affairs | Poverty

The task force headed by NITI Aayog Vice-Chairman Arvind Panagariya to prepare a road map for elimination of poverty has submitted its report to the P ...

Ponzi schemes

14/9/2016 | Economic Affairs | Financial System

The Union Government has issued model guidelines for states to regulate direct selling and multi-level marketing businesses to protect consumers from ...

Infra investment trusts

13/9/2016 | Economic Affairs | Infrastructure

More than two years after markets watchdog SEBI had issued guidelines for infrastructure investment trusts (InvITs), the regulator has finally granted ...

Microfinance sector in India: ICRA

12/9/2016 | Economic Affairs | Financial Inclusion

According to an estimate by the ICRA, the country’s microfinance sector will grow nearly three-fold to reach up to Rs 4.3 trillion over the next three ...

NIDHI (National Initiative for Development and Harnessing Innovations)

11/9/2016 | Economic Affairs | Growth and development

NIDHI (National Initiative for Development and Harnessing Innovations), an umbrella program is pioneered by the Department of Science & Technology(DST ...

Municipal bonds

10/9/2016 | Economic Affairs | Financial System

To help the government's 'smart cities' programme, capital markets regulator SEBI notified new norms for listing and trading of municipal bonds on sto ...

Economic Divergence among States In India

8/9/2016 | Economic Affairs | Fiscal system

The diversity in India is unique. Being a large country with large population. India presents endless varieties of physical features and cultural patt ...

Sagarmala Development Company (SDC)

5/9/2016 | Economic Affairs | Infrastructure

The Union government cleared a plan to set up Sagarmala Development Company (SDC) to provide equity support to port-led economic development projects, ...

Permanent Residency Status to Foreign Investors

4/9/2016 | Economic Affairs | External Sector

The Union Cabinet has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as spe ...

Pradhan Mantri Ujjwala Yojana extended to people of all Hilly States

3/9/2016 | Economic Affairs | Energy

Ministry of Petroleum and Natural Gas has decided to extend the benefits under Pradhan Mantri Ujjwala Yojana to the people of all Hilly States includi ...

Advance Pricing Agreements

3/9/2016 | Economic Affairs | Tax System

CBDT has signed 20 unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in trans ...

National Apprenticeship Promotion Scheme

2/9/2016 | Economic Affairs | Growth and development

The Union Government notified National Apprenticeship Promotion Scheme. It is for the first time a scheme has been notified to offer financial incenti ...

Union Cabinet approves ‘radical’ changes in FDI policy

2/9/2016 | Economic Affairs | External Sector

The Union Cabinet has given its ex-post-facto approval for the FDI policy amendments announced by the Government on 20th June, 2016. The FDI policy am ...

Masala bonds

30/8/2016 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has announced different measures to boost investor participation and market liquidity in both the corporate bond and c ...

India Post Payments Bank Limited (IPPBL)

22/8/2016 | Economic Affairs | Banking

IPPBL(India Post Payment Bank Limited ) has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs u ...

Mega Food Park Scheme

20/8/2016 | Economic Affairs | Food Management

The government plans to set up 100 new cold chain projects at a cost of Rs. 12,000 crore to Rs.13,000 crore and has kicked off the process to invite i ...

Global Innovation Index (GII) 2016

17/8/2016 | Economic Affairs | Growth and development

In Global Innovation Index (GII), 2016, India ranked at 66th positions. It is up from 15 spots last year. Switzerland, Sweden, the UK, the US, Finland ...

Union Government constitutes National Committee on Trade Facilitation

16/8/2016 | Economic Affairs | External Sector

The Union government set up a National Committee on Trade Facilitation (NCTF) under the cabinet secretary to draw up a WTO-compliant pan-India road ma ...

The Central Agricultural University (Amendment) Bill, 2016

15/8/2016 | Economic Affairs | Agriculture

The Central Agricultural University (Amendment) Bill, 2016 proposes to amend the Central Agricultural University Act, 1992. The Act provides for the e ...

The Taxation Laws (Amendment) Bill, 2016

14/8/2016 | Economic Affairs | Tax System

The Taxation Laws (Amendment) Bill, 2016 seeks to amends the Income Tax Act, 1961 and the Customs Tariff Act, 1975. These changes are explained below. ...

Cabinet liberalises FDI norms for non-banking financial companies

13/8/2016 | Economic Affairs | Capital market

The Union Cabinet approved changes in norms for foreign direct investment (FDI) for non-banking financial companies (NBFCs), enabling inflow of foreig ...

SEZs’ tax sops

13/8/2016 | Economic Affairs | Industry

There is lack of clarity in the proposed Goods & Services Tax (GST) regime on the continuation of tax & duty exemptions in case of SEZs(Special econom ...

The Employee's Compensation (Amendment) Bill, 2016

13/8/2016 | Economic Affairs | Industry

This Bill amends the Employee’s Compensation Act, 1923. The Act provides payment of compensation to employees and their dependants in the case of inju ...

GST(Goods and Services Tax)

5/8/2016 | Economic Affairs | Tax System

GST will be a game changing reform for Indian economy by developing a common Indian market and reducing the cascading effect of tax on the cost of goo ...

The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016

2/8/2016 | Economic Affairs | Banking

This bill seeks to amend four laws: (i) Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI ...

1991 Reforms: Not impressive on Employment

28/7/2016 | Economic Affairs | Planning in India

From 1991 till 2012 , there has hardly been any increase in formal jobs for men. There has been a meagre increase in number from 22..7 million in 1991 ...

Government has eased the norms for start-ups

27/7/2016 | Economic Affairs | Growth and development

The government has eased the norms under which start-ups can seek benefits according to the Startup India Action Plan. Start-ups can now be eligible f ...

Model Village Scheme

26/7/2016 | Economic Affairs | Rural Development

“Sansad Adarsh Gram Yojana”( SAANJHI) of the Central Government aims to involve MPs more directly in the development of model villages. By adopting a ...

Sustainable Development index, 2016

25/7/2016 | Economic Affairs | Sustainable Development

India has ranked a low 110 out of 149 nations assessed on where they stand with regard to achieving the Sustainable Development Goals, according to a ...

Parliamentary panel approves debt recovery law with change

24/7/2016 | Economic Affairs | Banking

A parliamentary panel has recommended doing away with the present restrictions on the composition of the board of directors of asset reconstruction co ...

Benami Transactions Bill,2015

23/7/2016 | Economic Affairs | Black Money

The Union Cabinet has approved new amendments to the Benami Transactions (Prohibition) (Amendment) Bill, 2015. The amendments aim to strengthen the Bi ...

Centre injects Rs.22,915 cr into 13 public sector banks

22/7/2016 | Economic Affairs | Financial System

In a bid to boost credit growth in the economy, the Centre announced a sum of Rs.22,915 crore for recapitalisation of 13 public sector banks. State Ba ...

Steps taken by Government to help Farmers

18/7/2016 | Economic Affairs | Agriculture

Farmers Portal The Farmers' Portal of the Department of Agriculture & Cooperation is a platform for farmers to seek any information related to agricul ...

Income Declaration Scheme

17/7/2016 | Economic Affairs | Fiscal system

The Government has announced an extension of a deadline under the Income Declaration Scheme. About Income Declaration Scheme Income Declaration Scheme ...

SEBI(Security Exchange Board Of India) Issues Stricter norms For P-Notes

15/7/2016 | Economic Affairs | Financial System

Markets regulator SEBI has put in place a stricter KYC and disclosure regime for Participatory Notes to make it tougher to use these offshore instrume ...

BSE launches online system for Sovereign gold bond

15/7/2016 | Economic Affairs | Financial System

BSE(Bombay Stock Exchange) has launched an online bidding platform for sovereign gold bonds and has begun conducting mock bidding sessions on the syst ...

Divesting in RBI to recapitalize banks

15/7/2016 | Economic Affairs | Banking

The Economic Survey 2015-16 put forth the argument that the Government of India could reduce its capital in the RBI from its current large level and u ...

Fat Tax in Kerala

11/7/2016 | Economic Affairs | Tax System

In a first-of-its-kind move in the country, Kerala has introduced a ‘fat tax’ on the consumption of junk food items like pizzas and burgers sold throu ...

The Human Capital Report 2016

8/7/2016 | Economic Affairs | Growth and development

India was ranked low at 105th position out of 130 countries globally on the 2016 Human Capital Index (HCI), which was recently released in the World E ...

FCNR get FSDC nod

8/7/2016 | Economic Affairs | Financial System

In September 2013, to shore up foreign exchange reserves and stabilize a rapidly weakening rupee, the RBI had introduced a special scheme under which ...

Interest subvention For Farmers

8/7/2016 | Economic Affairs | Agriculture

The Union Cabinet has approved the Interest Subvention Scheme for farmers for the year 2016-17. The Government has sanctioned a sum of Rs. 18,276 Cror ...

India is as good as a tax haven For Rich

7/7/2016 | Economic Affairs | Tax System

India has released a tax data for year 2012 which confirm apprehensions on two counts: first, India remains a low-tax country despite the acceleration ...

National green highways mission

7/7/2016 | Economic Affairs | Transport

Union Minister of Road Transport & Highways and Shipping has launched the initial plantation drive on 1,500 km of National Highways at a cost of about ...

Port-Rail Connectivity Projects approved under Sagarmala Programme

6/7/2016 | Economic Affairs | Infrastructure

Indian Railways is all set to provide a Rs 20,000 crore connectivity to boost to ports under the Sagarmala programme Railways will take up 21 port-rai ...

CAG report on National Food Security Act (NFSA), 2013

4/7/2016 | Economic Affairs | Agriculture

The Comptroller and Auditor General of India (CAG) submitted a report on the ‘Preparedness for Implementation of the National Food Security Act (NFSA) ...

Cabinet clears seventh Pay Commisssion

2/7/2016 | Economic Affairs | Fiscal system

The Cabinet approved the recommendations of Seventh Pay Commission on pay and pensions in a decision that will boost consumption by putting extra disp ...

Another chance for India’s textile industry

1/7/2016 | Economic Affairs | Industry

India’s textile industry has a long history of being a mainstay of the economy’s global trade linkages. It was, after all, the English East India Comp ...

Rubber sector headed for new crisis

30/6/2016 | Economic Affairs | Industry

Since the third quarter of the financial year 2014-15 there is unprecedented price fall in rubber production in India (especially Kerala) owing to the ...

Payment and Settlement Systems in India: Vision-2018

30/6/2016 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) released the “Payment and Settlement Systems in India: Vision-2018”. The vision reiterates the aims of building a “les ...

Regional connectivity Scheme

30/6/2016 | Economic Affairs | Transport

Directorate General of Civil Aviation decision to set up rules which will be less rigorous will be beneficial to Regional connectivity scheme. There w ...

Finance Ministry notified the provisions of the amended Reserve Bank of India Act, 1934 to set up MPC

29/6/2016 | Economic Affairs | Monetary Policy

Moving a step closer to setting up the Monetary Policy Committee (MPC), the Finance Ministry notified the provisions of the amended Reserve Bank of In ...

The challenge of unemployment

28/6/2016 | Economic Affairs | Unemployment

The biggest challenge that India faces today is that of unemployment. The Indian Labour and Development Report, 2016 says that the employment has impr ...

Torpid airports may convert into SEZs

26/6/2016 | Economic Affairs | Infrastructure

The government is looking at converting some unused airports into special economic zones where aircraft leasing companies can park their planes and sh ...

Cabinet extends UDAY scheme deadline

25/6/2016 | Economic Affairs | Energy

The Cabinet has approved an extension in the deadline for implementing the Ujjwal Discom Assurance Yojana (UDAY) by a year to March 31, 2017. The Cabi ...

Why rail budget

25/6/2016 | Economic Affairs | Fiscal system

The NITI Aayog has submitted a 20-page note to the prime minister’s office arguing that the convention of presenting a separate railway budget every y ...

The Centre’s big reform push

22/6/2016 | Economic Affairs | Financial System

The government has announced a “radical liberalisation” of the Foreign Direct Investment (FDI) regime by easing norms for a host of important sectors ...

Ujala Scheme , Vidyut Pravah & Urja Mobile App

21/6/2016 | Economic Affairs | Energy

Urja Mobile App The app is developed by Power Finance Corporation on behalf of Ministry of Power for Urban Power Distribution Sector to enhance consum ...

NRIs can now apply online for National Pension Scheme

21/6/2016 | Economic Affairs | Financial Inclusion

The Government has announced that non-resident Indians (NRIs) can now open National Pension Scheme (NPS) accounts online. India has the second-largest ...

Draft on national wind-solar hybrid policy

19/6/2016 | Economic Affairs | Energy

The government has released the draft National Wind-Solar Hybrid Policy which aims at providing a framework to promote large grid connected wind-solar ...

Current account deficit contracts

19/6/2016 | Economic Affairs | External Sector

India’s current account deficit (CAD) for the period between January- March has reduced to 0.1% of GDP and stands at $0.3 billion. This reduction in C ...

National Civil Aviation Policy, 2016

18/6/2016 | Economic Affairs | Transport

Government has released the National Civil Aviation Policy 2016 . This is the first time since independence that an integrated Civil Aviation Policy h ...

PMJDY(Pradhan Mantri Jan Dhan Yojana) and Business Correspondens

17/6/2016 | Economic Affairs | Financial Inclusion

PMJDY is launched with the ambition to ensure universal coverage of all households by financial institutions. About PMJDY: The primary aim of this sch ...

RBI revises Debt Recast Norms: Scheme for Sustainable Structuring of Stressed Assets' (S4A)

15/6/2016 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has revised the norms for banks to undertake debt restructuring if they feel the project is viable in the long run. Th ...

Renewable energy Vs Hydro Power

13/6/2016 | Economic Affairs | Energy

The renewable energy sector in the country has for the first time surpassed hydro power generation. The total capacity of renewable energy projects ex ...

Central Port Authorities Draft Bill 2016

13/6/2016 | Economic Affairs | Infrastructure

The Ministry of Shipping has prepared a draft bill The Central Port Authorities Act 2016 to replace the Major Port Trust Act, 1963 and Indian port act ...

The Electricity (Amendment) Bill, 2014

8/6/2016 | Economic Affairs | Energy

Highlights of the Bill The Bill amends the Electricity Act, 2003. It seeks to segregate the distribution network business and the electricity supply b ...

Deepak Mohanty Committee On Medium Term Path On Financial Incluison

8/6/2016 | Economic Affairs | Financial Inclusion

Deepak Mohanty committee was constituted with the objective of working out a medium-term (five year) measurable action plan for financial inclusion. S ...

The challenge of sustaining growth

4/6/2016 | Economic Affairs | Growth and development

he latest GDP growth data released by the Central Statistics Office show that India’s economy expanded by 7.9 per cent in the three months ended March ...

Assessment of MGNREGA

2/6/2016 | Economic Affairs | Unemployment

In the financial year 2015-16, Rs.42,084 crore was spent on MGNREGA. Tripura was able to provide 95 days of employment on average. Manipur and Goa wer ...

Equalisation levy or Google Tax

2/6/2016 | Economic Affairs | Fiscal system

The finance ministry has notified that the equalisation levy (popularly known as Google tax) introduced in this budget, will come into force from June ...

Corporate Debt

2/6/2016 | Economic Affairs | Financial System

Corporate debt is the biggest threat Indian banking sector and economy is facing . Governor of RBI also highlighted this problem along with urgency to ...

MUDRA(Micro Units Development and Refinance Agency Bank)

1/6/2016 | Economic Affairs | Financial System

Micro Units Development and Refinance Agency Bank (MUDRA Bank), is setup by the Government of India for development of micro units and refinance of MF ...

Labour Force in India

30/5/2016 | Economic Affairs | Unemployment

There is increase in number of young people entering into work force in India. It is estimated that this number would be around 300 million in 2025. B ...

AMRUT

29/5/2016 | Economic Affairs | Infrastructure

The Centre has approved an investment of over Rs 5,530 crore for providing basic infrastructure in over 110 cities across six states under AMRUT schem ...

Payment banks

27/5/2016 | Economic Affairs | Financial System

There is withdrawl of applications to open payment banks by major business houses due to its not so profitable nature. Tech Mahindra/ Sun Pharma promo ...

Draft on National Capital Goods Policy

27/5/2016 | Economic Affairs | Industry

The Union Cabinet, chaired by the Prime Minister has given its approval for National Capital Goods Policy. This is first ever policy for Capital Goods ...

Gulf remittances to India fall by 2.2%

25/5/2016 | Economic Affairs | Financial System

Remittances from the Gulf Cooperation Council (GCC) region to India declined for the first time in six years, falling by 2.2%, according to a report f ...

Hybrid annuity model for highways

22/5/2016 | Economic Affairs | Investment Models

According to a report by rating agency ICAR, the hybrid annuity model for awarding highway contracts introduced by the government last year, has begun ...

SEBI tightens norms to curb black money inflow

22/5/2016 | Economic Affairs | Capital market

Capital market regulator Securities and Exchange Board of India (Sebi) tightened rules on issue of participatory notes (P-notes) or off-shore derivati ...

Last Two Decades of Poverty and Well-Being in India: World bank Report

20/5/2016 | Economic Affairs | Poverty

India has successfully decreased poverty level over the last decade. Though this decline was faster and more broad-based than in the preceding decades ...

Indian economy poised to grow 7.3 % in 2016:. United nations

18/5/2016 | Economic Affairs | Growth and development

India’s economy is “slowly gaining momentum” and is projected to grow by 7.3 per cent this year, acoording to a report released by United nation. High ...

Pradhan Mantri Ujjwala Yojana

17/5/2016 | Economic Affairs | Poverty

The Centre has launched the second phase of Pradhan Mantri Ujjwala Yojana (PMUY) for three states — Gujarat, Madhya Pradesh and Rajasthan. This scheme ...

National Rural Livelihood Mission/ Deen Dayal Upadhyaya Anotodya Yojana

13/5/2016 | Economic Affairs | Rural Development

Deen Dayal Antyodaya Yojana - National Livelihoods Mission (NRLM) was launched by the Ministry of Rural Development (MoRD), Government of India in Jun ...

Slow Job Growth In India

13/5/2016 | Economic Affairs | Unemployment

The Labour Bureau of the Ministry of Labour has compiled data for job creation in labour-intensive non-agricultural sectors each quarter since the 200 ...

Bankruptcy code passed by Lok Sabha

12/5/2016 | Economic Affairs | Financial System

The Insolvency and Bankruptcy Code Bill passed in the Lok Sabha . It is a ‘watershed’ reform that will facilitate ease of doing business by identifyin ...

Minimum monthly wage for contract workers

9/5/2016 | Economic Affairs | Industry

The minimum wage for contract workers has been increased to Rs 10,000 per month. This wage hike has been done based on a Supreme Court verdict. The mo ...

Monetary Policy Committee (MPC)

8/5/2016 | Economic Affairs | Monetary Policy

The Lok Sabha recently approved the Finance Bill 2016 which included an amendment to the RBI Act, 1934 to set up monetary policy committee(MPC) in ord ...

The global growth decline deepens

7/5/2016 | Economic Affairs | External Sector

International Monetary fund again downgraded the world economic growth in its recently released report. Highlights Among advanced economies, the Unite ...

Direct Taxes in India

6/5/2016 | Economic Affairs | Fiscal system

India’s income tax department released time series data for the period 2000-01 to 2014-15 in an attempt to enhance transparency and encourage analysis ...

Core sector output accelerates to 16-month high of 6.4 %

5/5/2016 | Economic Affairs | Industry

The combined output of eight crucial infrastructure sectors jumped to a 16-month high of 6.4 per cent in March due to a double-digit growth in refiner ...

Banks Board Bureau (BBB): Benefits and challenges

4/5/2016 | Economic Affairs | Financial System

Banks Board Bureau (BBB) was formed in 2016 as a part of Indradhanush programme to revamp state-run banks. Former CAG Vinod Rai was appointed as the f ...

Real Estate Act comes into force

4/5/2016 | Economic Affairs | Infrastructure

The much awaited and widely acclaimed Real Estate (Regulation and Development) Act, 2016 has come into force from May 1, 2016. As per the notification ...

Peer- to- Peer lending

1/5/2016 | Economic Affairs | Financial System

The Reserve Bank of India ( RBI) has come out with a discussion paper to regulate the fast- growing crowd- funding and peer- to- peer ( P2P) lending s ...

Joint parliament standing committee clears bankruptcy law

30/4/2016 | Economic Affairs | Financial System

The joint parliament standing committee has cleared the Bankruptcy and Insolvency Code, 2015. The Bill was introduced in Lok Sabha in December 2015. A ...

TFA(Trade Facilitation Agreement)

29/4/2016 | Economic Affairs | External Sector

India has submitted the instrument of ratification of the trade facilitation agreement (TFA) to the World Trade Organization. The TFA was concluded at ...

RRB Amendment Bill 2015

28/4/2016 | Economic Affairs | Banking

The parliament in an effort to revamp the RRBs passed the RRB Amendment Act to amend the RRB Act, 1976. Main provisions of the act are- Total Authoriz ...

Centre’s nod for NIMZ in Medak

27/4/2016 | Economic Affairs | Infrastructure

The government has granted the final approval to the National Investment and Manufacturing Zone (NIMZ) at Zaheerabad in Medak district, Telangana. The ...

RBI to harmonise bank, NBFC norms

27/4/2016 | Economic Affairs | Financial System

Reserve Bank of India (RBI) has decided to simplify the registration process for non-banking finance companies (NBFCs). The new application forms will ...

Draft on Regional Comprehensive Economic Partnership (RCEP)

26/4/2016 | Economic Affairs | External Sector

Regional Comprehensive Economic Partnership (RCEP) agreement, being negotiated by 16 countries, in its current form could impact the many developing c ...

UDAY bonds

25/4/2016 | Economic Affairs | Energy

Eight states have issued bonds worth over Rs 98,959.96 crore under UDAY Bonds scheme in 2015-16, which is aimed at improving operational and financial ...

India Overtakes China As Top FDI Destination

24/4/2016 | Economic Affairs | External Sector

According to report released by financial times, for the first time in years, India has replaced China as the top destination for FDI. India attracted ...

Shipping industry: Synergy to anchor ports push

23/4/2016 | Economic Affairs | Industry

Several investments have been proposed and Memorandum of Understandings have been inked by ministry of Shipping with the main focus on creating a stro ...

FDI inflows In 2015

21/4/2016 | Economic Affairs | External Sector

India has received an all-time high annual foreign direct investment (FDI) in 2015. This surge is led by the inflows into the services sector rather t ...

The International Monetary Fund’s (IMF) World Economic Outlook

21/4/2016 | Economic Affairs | External Sector

The International Monetary Fund’s (IMF) World Economic Outlook (April 2016) tells us that the world economy will grow at 3.2 per cent in purchasing po ...

Maritime India Summit 2016 (MIS 2016)

18/4/2016 | Economic Affairs | Infrastructure

Maritime India Summit 2016 (MIS 2016) has been organized from April 14-16, 2016 at Mumbai, India. It is a maiden flagship initiative of the Ministry o ...

Law to increase workers’ bonus faces fresh hurdle

17/4/2016 | Economic Affairs | Industry

Government has passed the Payments of Bonus(Amendment ) Act, 2015 which aims to doubl the statutory bonus paid to employees and made more workers elig ...

Govt. imposes anti-dumping duty on N-Butyl Alcohol

16/4/2016 | Economic Affairs | Industry

The government has imposed an anti-dumping duty of up to $149 on imports of a chemical used in fermentation of sugar from five countries, including th ...

Road to Smart Cities not smooth

14/4/2016 | Economic Affairs | Infrastructure

Across the world, the stride of migration from rural to urban areas is increasing. By 2050, about 70 per cent of the population will be living in citi ...

Impact of 7th Pay Commission On Housing inflation index

11/4/2016 | Economic Affairs | Inflation

The implementation of the Seventh Central Pay Commission (CPC) awards can have a significant impact of inflation on housing and transportation sectors ...

First Bi-monthly Monetary Policy Statement for the year 2016-17

8/4/2016 | Economic Affairs | Monetary Policy

The Reserve Bank of India (RBI) has released its first bi- monthly statement for the year 2016-17. Main highlights: The central bank cut the repo rate ...

NITI Aayog finalises Model Act for farm land lease

5/4/2016 | Economic Affairs | Agriculture

An expert panel appointed by NITI Aayog has submitted its recommendations to create a model law to formalize leasing of agricultural land. In Septembe ...

New e- Commerce Norms

3/4/2016 | Economic Affairs | External Sector

Recently government has clarified its policy on Foreign Direct Investment (FDI) in e-commerce and online retail consumer businesses that operate as ma ...

Core sectors expand by 5.7%

3/4/2016 | Economic Affairs | Growth and development

Output from the eight core infrastructure industries grew at the fastest pace in 15 months, clocking a 5.7 per cent growth in February. Highlights Coa ...

Budget sets priorities for government spending

2/4/2016 | Economic Affairs | Financial System

Budget 2016-17 has introduced a new classification system for the Centre’s spending. The new system divides Centrally Sponsored Schemes (CSS) into thr ...

Government eases cabotage norms

28/3/2016 | Economic Affairs | Transport

The Union cabinet has approved a proposal to permit overseas registered container ships to carry cargo between India’s ports in a move seen as the big ...

Integrated Development And Management Of Fisheries

27/3/2016 | Economic Affairs | Agriculture

Integrated Development and Management of Fisheries scheme has launched for integrated development and management of fisheries at an outlay of Rs.3, 00 ...

Government to build 2.95 crore houses for rural poor

26/3/2016 | Economic Affairs | Poverty

The government recently approved “House for All-2022” scheme to construct 2.95 crore houses in rural areas, setting a 2022 deadline. The Centre has al ...

Aviation Sector: Current Challenges and solutions

19/3/2016 | Economic Affairs | Infrastructure

Aviation sector in India seems to be doing well. Air traffic has grown at 14% over the last 10 years and India is expected to become the third largest ...

The merits of fiscal prudence

16/3/2016 | Economic Affairs | Fiscal system

In order to get the benefits of vote bank politics, usually governments in Center and states push for populist budget. In this year budget there seeme ...

SEBI board clears wilful defaulter rules

16/3/2016 | Economic Affairs | Financial System

In an attempt to tighten the regulatory framework, the Securities and Exchange Board of India (SEBI) has barred ‘wilful defaulters’ from accessing the ...

Ensuring Food Safety

12/3/2016 | Economic Affairs | Agriculture

Issues in Food Safety: *Note: Food Security and Food Safety differ in their conceptual meanings. While food Security deals largely with the adequate a ...

Hydro Carbon Exploration and Licensing Policy (HELP)

10/3/2016 | Economic Affairs | Energy

Hydrocarbon Exploration and Licensing Policy (HELP) Four main facets of this policy are: • Uniform license for exploration and production of all forms ...

Government Nod For UDAY Bonds

8/3/2016 | Economic Affairs | Energy

The Finance Ministry has approved the issuance of Ujjwal Discom Assurance Yojana (UDAY) bonds by four states. They are Uttar Pradesh, Rajasthan, Jhark ...

Fiscal Consolidation and Fiscal Deficit

8/3/2016 | Economic Affairs | Fiscal system

Budget for 2016-17 has stick to the road map for fiscal consolidation by fixing the fiscal deficit at 3.5 per cent of the gross domestic product (GDP) ...

Banks Board Bureau

6/3/2016 | Economic Affairs | Financial System

Former CAG Vinod Rai has been appointed as the first Chairman of the Banks Board Bureau. About Banks Board Bureau. The bureau was announced as part of ...

A forward-looking Budget

5/3/2016 | Economic Affairs | Fiscal system

Global credit rating agencies - Moody's Investors Service (Moody's) concluded that the budget is modestly credit positive for the sovereign, since it ...

Special Economic Zones and Budget

5/3/2016 | Economic Affairs | Industry

In budget 2016-17, Government said it would not allow any deduction to units commencing manufacture or production on or after April 1, 2020, in an SEZ ...

Budget is not promising

4/3/2016 | Economic Affairs | Fiscal system

This year budget begins with the focus on prevailing crisis in global economy along with positive hope for Indian econmony where Finance minister emph ...

Issue of Provident Fund

4/3/2016 | Economic Affairs | Fiscal system

Finance Minister has proposed to tax 60 per cent of the corpus of the provident fund at the time of withdrawal, on prospective basis. This has evoked ...

Probe Into Finances Of ‘Freedom 251’

3/3/2016 | Economic Affairs | Financial System

Enforcement Directorate has started a probe into the finances of Ringing Bells, makers of the world’s cheapest smartphone Freedom 251, as questions co ...

Centre Drafts Bill To Decriminalise Beggary

3/3/2016 | Economic Affairs | Poverty

The government has drafted a Bill that seeks to decriminalise beggary and offer a life of dignity to the beggars, homeless and others who live in pove ...

Food Security

3/3/2016 | Economic Affairs | Food Management

The Economic Survey 2015-16 emphasizes that the main aim of food management policy is to provide food security to the population. Providing food secur ...

Economic Survey downgraded India's GDP growth rate for 2016

2/3/2016 | Economic Affairs | Growth and development

Economic Survey has pegged India's growth at 7-7.5% for the next fiscal year. The Survey puts 2015-16 GDP growth at 7.6% below its earlier expectation ...

Rich are benefiting from subsidies

1/3/2016 | Economic Affairs | Fiscal system

There is a need to remove subsidy anomaly in India where the well-off receive an implicit subsidy of more than ` 1 trillion. Taking into account small ...

Laws that make the Budget

1/3/2016 | Economic Affairs | Fiscal system

The genesis of the central Budget in India goes back to 1860 when it was first introduced by then finance minister James Wilson, two years after the t ...

Budget 2016-17

1/3/2016 | Economic Affairs | Fiscal system

INTRODUCTION Growth of Economy accelerated to 7.6% in 2015-16. India hailed as a ‘bright spot’ amidst a slowing global economy by IMF. Foreign exchang ...

NPAs(Non Performing Assets) in India: Supreme Court intervention and its possible solutions

29/2/2016 | Economic Affairs | Financial System

The Supreme court asked the Reserve Bank of India to furnish a list of the companies which are in default of loans by the banks and financial institut ...

Railway Budget , 2016-17

28/2/2016 | Economic Affairs | Transport

Railway Minister Suresh Prabhu on 25 February 2016 presented the Railway Budget 2016-17 in the Lok Sabha. In his second Rail Budget, Prabhu outlined a ...

Turbulent path of 5/20 rule

27/2/2016 | Economic Affairs | Transport

There is a controversy on the removal of 5/20 rule in aviation sector between older Airlines and newly entrants like AirAsia India and Vistara. Older ...

The Curious Case Of India's Industrial Growth

26/2/2016 | Economic Affairs | Industry

There is still a controversy surrounding around new GDP series according to which non farmer sector grew by 9.2 %. Topic Map What is news or concern: ...

Survey On Unemployment In India

25/2/2016 | Economic Affairs | Unemployment

The National Sample Survey Office has released the details of a survey conducted to assess the unemployment rate across the country. The unemployment ...

Spot Exchange Of Gold: Solution For Efficient Gold Ecosystem In India

24/2/2016 | Economic Affairs | Financial System

India is the world’s second largest gold consumer with an annual demand of nearly 1,000 tonnes, but it lacks many key elements of an efficient gold ec ...

Union Cabinet Approves Trade Facilitation Agreement

20/2/2016 | Economic Affairs | External Sector

The Union Cabinet has approved a proposal to notify the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO). To implement the agr ...

Shyama Prasad Mukherji Rurban Mission (SPMRM)

17/2/2016 | Economic Affairs | Rural Development

This scheme is launched with an ambition to transform rural areas to economically, socially and physically sustainable spaces. About Scheme: The Missi ...

Madhya Pradesh Gets Its First Mega Food Park

16/2/2016 | Economic Affairs | Agriculture

In order to give an impetus to the growth of the Food Processing Sector in Madhya Pradesh, the first Mega Food Park in Khargone(M.P) is launched by M/ ...

Zero-Budget Spiritual Farming

13/2/2016 | Economic Affairs | Agriculture

Zero Budget spiritual Farming means for all the crops, the production cost will be zero. In the Zero Budget Natural Farming nothing has to be purchase ...

Pradhan Mantri Kaushal Vikas Yojana

11/2/2016 | Economic Affairs | Skill Development

Pradhan Mantri Kaushal Vikas Yojana (PMKVY), the flagship of Ministry of Skill Development and Entrepreneurship, has completed 10 lakh enrolments. The ...

India's Achievements - MDGs

10/2/2016 | Economic Affairs | Growth and development

India is a signatory to the Millennium Declaration adopted at the United Nations General Assembly in September 2000.Report on India's Achievements in ...

Regulation Of Small Firms

9/2/2016 | Economic Affairs | Financial System

Recently Government announced Rs. 10,000 fund for startup India campaign. Mainly startup companies are registered as small firms and more prone to the ...

New Indian Accounting Standards (Ind-AS)

9/2/2016 | Economic Affairs | Financial System

India is changing its accounting standards from generally accepted accounting principles (GAAP) to Indian Accounting Standards (Ind-AS) from April 201 ...

Compulsory Licensing

7/2/2016 | Economic Affairs | IPR

According to European Union India’s adoption of Compulsory Licensing (CL) in industrial sectors risks affecting the flow of capital and technology fro ...

Tapan Ray Report

4/2/2016 | Economic Affairs | Financial System

Tapan Ray panel has submit its suggestions to ministry which was constituted to look into the amendments to Companies Act, 2013. The Committee had ext ...

Hybrid Annuity Model

30/1/2016 | Economic Affairs | Investment Models

The union government approved the hybrid annuity model for building national highways, paving the way for construction of 28 projects worth Rs. 36,000 ...

RBI Simplifies Gold Monetization Scheme

28/1/2016 | Economic Affairs | Financial System

Interest earned on deposits under the central government’s Gold Monetisation Scheme will not attract any tax; gain through trading or redemption will ...

New ECB (External Commercial Borrowing) Norms By RBI

27/1/2016 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has eased the norms for raising funds through external commercial borrowing (ECB) route. At present, corporates can av ...

Amendment To The Power Tariff Policy

24/1/2016 | Economic Affairs | Energy

The Centre unveiled a new power tariff policy which allows 100 percent expansion by existing power plants, passing on levies to consumers and purchase ...

Sikkim Becomes The First Fully Organic State Of India

21/1/2016 | Economic Affairs | Agriculture

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Easwar Panel On Income Tax

21/1/2016 | Economic Affairs | Fiscal system

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Bharat Innovation Fund

19/1/2016 | Economic Affairs | Financial System

The Bharat Fund is an endeavor to bring together government, academia and corporate to create an enabling ecosystem and encourage youth to solve India ...

Sugar Cess (Amendment) Bill 2015

18/1/2016 | Economic Affairs | Agriculture

President Pranab Mukherjee has given his assent to the Sugar Cess (Amendment) Bill, 2015. The bill was first passed by Lok Sabha after it was declared ...

Pradhan Mantri Fasal Bima Yojana

16/1/2016 | Economic Affairs | Agriculture

The Pradhan Mantri Fasal Bima Yojana (PMFBY), announced on the eve of harvest festivals across the country, is to be rolled out during the kharif crop ...

LPG Subsidy

12/1/2016 | Economic Affairs | Fiscal system

In first decisive move towards curbing the supply of subsidized cooking gas, the government announced subsidy would not be available for domestic LPG ...

Ganga Gram Yojana

10/1/2016 | Economic Affairs | Rural Development

The union government recently launched Ganga Gram Yojana at a village in Hapur district of U.P. 1600 villages situated along the banks of river Ganga ...

Stand Up India

9/1/2016 | Economic Affairs | Poverty

Government announced a new Credit Guarantee Fund under the Stand Up India specifically designed to address the needs of the SC/ST categories along wit ...

Swiss Challenge Route

4/1/2016 | Economic Affairs | Investment Models

An expert committee has warned the government against using ‘Swiss Challenge’ approach for infrastructure investments in the country. This ...

Medium-Term Debt Management Strategy (MTDS)

3/1/2016 | Economic Affairs | Fiscal system

The Reserve Bank of India, in consultation with the Government of India, has placed Medium-Term Debt Management Strategy (MTDS) for a period of three ...

Growth of Eight Core Sectors Contracts By 1.3%

1/1/2016 | Economic Affairs | Growth and development

A sharp drop in steel, cement and crude oil production hit the output of eight core sectors with growth contracting by 1.3 per cent in November compar ...

Revisiting & Revitalising The PPP Model Of Infrastructure Development

31/12/2015 | Economic Affairs | Investment Models

Report By Dr. V.Kelkar KEY RECOMMENDATIONS OF THE REPORT 1. Revisiting PPPs: Achievements and Challenge Contracts need to focus more on service delive ...

MSME Amendment Bill, 2015

23/12/2015 | Economic Affairs | Industry

The Ministry of Micro, Small and Medium Enterprises Development (Amendment) Bill, 2015 are to: Enhance the existing limit for investment in plant and ...

RBI Links Lending Rates To Loan Tenor

23/12/2015 | Economic Affairs | Financial System

The Reserve Bank of India released the final guidelines on computing interest rates on advances based on the marginal cost of funds. The guidelines co ...

Revised Model Text For The Indian Bilateral Investment Treaty

20/12/2015 | Economic Affairs | External Sector

The Cabinet approved the revised model text for the Indian Bilateral Investment Treaty (BIT), which will replace the existing Indian Model BIT, a move ...

World Bank Report - Climate and Poverty

17/12/2015 | Economic Affairs | Poverty

Climate change can put more than 100 million people back into poverty in next fifteen years, especially Sub Saharan Africa and South Asia. The world B ...

Human Development Report, 2015

16/12/2015 | Economic Affairs | Human Development

Human development index is released by UNDP (United Nation Development Programme). This report has four parameters: HDI, IHDI, GII and MPI. The report ...

New Fdi Reforms Hurting Make In India

15/12/2015 | Economic Affairs | External Sector

in a bid to boost up investment and speed growth goi has eased foreign direct investment (fdi) norms for 15 sectors in november including defense, con ...

Government Slaps Anti-Dumping Duty On Stainless Steel

14/12/2015 | Economic Affairs | Industry

Centre imposedanti-dumping duty ranging from five to 57 per cent on import of cold-rolled flat products of stainless steel for five years. This duty h ...

ROHINI

11/12/2015 | Economic Affairs | Financial System

In order to bring all relevant information regarding health insurance policies at one place, IRDAI (Insurance Regulatory Development Authority) has an ...

Straddle and paired options contracts

7/12/2015 | Economic Affairs | Financial System

The BSE (Bombay Stock Exchange) started new specialized contracts, named ‘straddle and paired options’, in its currency derivatives segmen ...

RBI comes in rescue as rupee falls

5/12/2015 | Economic Affairs | External Sector

The rupee fell to almost 67 a dollar until Reserve Bank of India ( RBI) intervened. Rupee has fallen 5.464 per cent against the US dollar, 4.446 per c ...

Forest Development tax

3/12/2015 | Economic Affairs | Fiscal system

Forest development tax is state levied tax on forest produce like grass, amla, bark, lac, honey, silk cocoons and bamboo etc. In Karnataka it is levie ...

IMF Names Yuan Global Reserve Currency

1/12/2015 | Economic Affairs | External Sector

The International Monetary Fund (IMF) announced that China’s Yuan (or renminbi) will become a world reserve currency, a reliable and well-used f ...

In-Principle Approval to NPCI

27/11/2015 | Economic Affairs | Fiscal system

The Reserve Bank of India has decided to grant ‘in principle’ approval to the National Payments Corporation of India (NPCI) to function as ...

Bhavishya

23/11/2015 | Economic Affairs | Financial System

The Department of Pension & Pensioners’ Welfare has launched a web based Pension Sanction and Payment Tracking System “ BHAVISHYA&rdqu ...

‘e-lala’ portal

22/11/2015 | Economic Affairs | Industry

With an aim of promoting interests of 5.77 crore small businesses, an online portal 'e-lala' was launched to promote business-to-business and ...

Seventh Pay Commission

20/11/2015 | Economic Affairs | Fiscal system

The seventh Pay Commission, headed by Justice AK Mathur, has submitted its report to the union finance ministry. The recommendations, once cleared by ...

Interest Subvention Scheme for Exporters

19/11/2015 | Economic Affairs | External Sector

Interest Rate Subvention Scheme on pre-shipment and post-shipment schemes has been approved by the Cabinet Committee. It will be implemented with retr ...

Ek Kadam Unnati Ki Aur

19/11/2015 | Economic Affairs | Rural Development

Chip maker Intel has launched Ek Kadam Unnati Ki Aur , an initiative that is aimed at creating a blueprint for State-sponsored rural India digital cam ...

Bonds denominated in Rupees

17/11/2015 | Economic Affairs | Financial System

Indian companies have raised debt funds overseas for decades, including through bond offerings. But these have been borrowings in dollar or other curr ...

New Indian Accounting Standards (IndAS)

16/11/2015 | Economic Affairs | Industry

India is changing its accounting standards from Generally accepted accounting principles (GAAP) to Indian Accounting Standards (Ind-AS) from April 201 ...

Rajasthan government launches the Agro-Processing and Agri-Marketing Promotion Policy 2015

8/11/2015 | Economic Affairs | Agriculture

With the aim to promote agro-processing industries and agri-marketing related activities in the State, Government of Rajasthan has launched a new Raja ...

CCEA hikes MSP for major Rabi crops

7/11/2015 | Economic Affairs | Agriculture

Centre hiked the support price to farmers for masoor andgram dals sharply by Rs 250 a quintal each to boost production in the ongoing rabi season and ...

Uniform Guidelines on Internet Banking for Cooperative Banks

7/11/2015 | Economic Affairs | Financial System

Reserve Bank of India (RBI) on 5 November 2015 issued revised and uniform guidelines on Internet Banking for all licensed cooperative banks including ...

Dr T K Viswanathan Committee on Bankruptacy Law Reforms

5/11/2015 | Economic Affairs |