Economic Affairs

Cooperative banks cannot accept PMGKY deposits

22/1/2017 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

BHIM(Bharat Interface for Money)

17/1/2017 | Economic Affairs | Banking |Read more

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

World Employment and Social Outlook report, 2017

17/1/2017 | Economic Affairs | Unemployment |Read more

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

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

12/1/2017 | Economic Affairs | Fiscal system |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 | Disadvantaged Groups |Read more

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 ...

Government meets PMUY targets

2/1/2017 | Economic Affairs | Governance |Read more

The government has met the 1.5 crore target for LPG connections to be added in this financial year under the Pradhan Mantri Ujjwala Yojana (PMUY). Wit ...

Unified Payments Interface

2/1/2017 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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

Less Job creation in India

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

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 |Read more

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 |Read more

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 |Read more

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

US Federal Reserve raises interest rates

15/12/2016 | Economic Affairs | Monetary Policy |Read more

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 ...

Major Port Authorities Bill, 2016

15/12/2016 | Economic Affairs | Infrastructure |Read more

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 ...

Cabinet clears changes to double taxation accord with Tajikistan

14/12/2016 | Economic Affairs | External Sector |Read more

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 |Read more

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 ...

Government decides to print plastic currency note

10/12/2016 | Economic Affairs | Monetary Policy |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 | Animal Husbandry |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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

Market Economy Status (MES)

21/11/2016 | Economic Affairs | External Sector |Read more

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

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 |Read more

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 ...

Bilateral Advance Pricing Agreements (APAs)

20/11/2016 | Economic Affairs | Tax System |Read more

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 |Read more

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 |Read more

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 |Read more

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

New Delhi Declaration on Agro biodiversity Management

11/11/2016 | Economic Affairs | Agriculture |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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

Agricultural Marketing & Farm Friendly Reforms Index

2/11/2016 | Economic Affairs | Agriculture |Read more

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 ...

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

2/11/2016 | Economic Affairs | Regulators |Read more

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

CBDT signs 5 Unilateral APAs

1/11/2016 | Economic Affairs | Tax System |Read more

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 |Read more

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 ...

Capital account Convertibility

25/10/2016 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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

Zero Defect, Zero Effect (ZED) scheme

20/10/2016 | Economic Affairs | Industry |Read more

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

National Summit on Fortification of Food

20/10/2016 | Economic Affairs | Food Management |Read more

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

Sagarmala funds flagship project

19/10/2016 | Economic Affairs | Infrastructure |Read more

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 |Read more

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 |Read more

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 ...

IEA Partnered with India on LED Programme

13/10/2016 | Economic Affairs | Energy |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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

Union Government notifies new import policy for marble & travertine blocks

21/9/2016 | Economic Affairs | Policy |Read more

The Department of Commerce, Ministry of Commerce and Industry, Government of India has notified the new import policy for Marble & Travertine Blocks, ...

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

20/9/2016 | Economic Affairs | Industry |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

Ponzi schemes

14/9/2016 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 | Economic growth |Read more

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 |Read more

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 |Read more

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 |Read more

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. ...

The Employee's Compensation (Amendment) Bill, 2016

13/8/2016 | Economic Affairs | Industry |Read more

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 ...

SEZs’ tax sops

13/8/2016 | Economic Affairs | Industry |Read more

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 ...

Cabinet liberalises FDI norms for non-banking financial companies

13/8/2016 | Economic Affairs | Capital market |Read more

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

GST(Goods and Services Tax)

5/8/2016 | Economic Affairs | Tax System |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

“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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

National green highways mission

7/7/2016 | Economic Affairs | Transport |Read more

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 ...

India is as good as a tax haven For Rich

7/7/2016 | Economic Affairs | Tax System |Read more

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 ...

Port-Rail Connectivity Projects approved under Sagarmala Programme

6/7/2016 | Economic Affairs | Infrastructure |Read more

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 |Read more

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

National Mineral Exploration Policy (NMEP)

3/7/2016 | Economic Affairs | Minerals |Read more

The Union Cabinet has approved the National Mineral Exploration Policy (NMEP). The NMEP primarily aims at accelerating the exploration activity in the ...

Cabinet clears seventh Pay Commisssion

2/7/2016 | Economic Affairs | Fiscal system |Read more

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 |Read more

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 |Read more

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 ...

Regional connectivity Scheme

30/6/2016 | Economic Affairs | Transport |Read more

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

Payment and Settlement Systems in India: Vision-2018

30/6/2016 | Economic Affairs | Financial System |Read more

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 ...

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 |Read more

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 |Read more

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 |Read more

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

Why rail budget

25/6/2016 | Economic Affairs | Fiscal system |Read more

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 ...

Cabinet extends UDAY scheme deadline

25/6/2016 | Economic Affairs | Energy |Read more

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 ...

The Centre’s big reform push

22/6/2016 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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

Current account deficit contracts

19/6/2016 | Economic Affairs | External Sector |Read more

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 ...

Draft on national wind-solar hybrid policy

19/6/2016 | Economic Affairs | Energy |Read more

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

National Civil Aviation Policy, 2016

18/6/2016 | Economic Affairs | Transport |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

Corporate Debt

2/6/2016 | Economic Affairs | Financial System |Read more

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

Equalisation levy or Google Tax

2/6/2016 | Economic Affairs | Fiscal system |Read more

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

Assessment of MGNREGA

2/6/2016 | Economic Affairs | Unemployment |Read more

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 ...

MUDRA(Micro Units Development and Refinance Agency Bank)

1/6/2016 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

SEBI tightens norms to curb black money inflow

22/5/2016 | Economic Affairs | Capital market |Read more

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

Hybrid annuity model for highways

22/5/2016 | Economic Affairs | Investment Models |Read more

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

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

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

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 |Read more

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

Slow Job Growth In India

13/5/2016 | Economic Affairs | Unemployment |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

RBI to harmonise bank, NBFC norms

27/4/2016 | Economic Affairs | Financial System |Read more

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

Centre’s nod for NIMZ in Medak

27/4/2016 | Economic Affairs | Infrastructure |Read more

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

Draft on Regional Comprehensive Economic Partnership (RCEP)

26/4/2016 | Economic Affairs | External Sector |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 | Institutions |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

New e- Commerce Norms

3/4/2016 | Economic Affairs | External Sector |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

The Mines and Minerals (Development and Regulation) Amendment Bill, 2015

20/3/2016 | Economic Affairs | Minerals |Read more

The Government has recently amended the Mines and Minerals (Development and Regulation) Act 1957 with effect from 12th Janauary 2015 for promoting the ...

Aviation Sector: Current Challenges and solutions

19/3/2016 | Economic Affairs | Infrastructure |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

ICDS(Integrated Child Development Services) and Budget

6/3/2016 | Economic Affairs | Status of Children |Read more

Government has reduced fund available to child health interventions, with a massive cut — from Rs. 15,483.77 crore last year to Rs. 14,000 crore in th ...

A forward-looking Budget

5/3/2016 | Economic Affairs | Fiscal system |Read more

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 |Read more

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 ...

Issue of Provident Fund

4/3/2016 | Economic Affairs | Fiscal system |Read more

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 ...

Budget is not promising

4/3/2016 | Economic Affairs | Fiscal system |Read more

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

Food Security

3/3/2016 | Economic Affairs | Food Management |Read more

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 ...

Probe Into Finances Of ‘Freedom 251’

3/3/2016 | Economic Affairs | Regulatory Authorities |Read more

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

Economic Survey downgraded India's GDP growth rate for 2016

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

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 ...

Doing Business: Measuring Regulatory Quality and Efficiency Report by world bank

2/3/2016 | Economic Affairs | World Bank |Read more

World Bank group has been mapping the theme of doing business for the last 13 years. “Doing Business: Measuring Regulatory Quality and Efficiency”, th ...

Rich are benefiting from subsidies

1/3/2016 | Economic Affairs | Fiscal system |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 | WTO |Read more

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 |Read more

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 |Read more

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 |Read more

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 ...

Blue Economy

13/2/2016 | Economic Affairs | Ocean Research |Read more

Topic Map What is news (or concern): PM emphasis on integration of blue economy What is Blue Economy: Blue Economy is integration of Ocean Economy dev ...

Pradhan Mantri Kaushal Vikas Yojana

11/2/2016 | Economic Affairs | Skill Development |Read more

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 |Read more

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

New Indian Accounting Standards (Ind-AS)

9/2/2016 | Economic Affairs | Financial System |Read more

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

Regulation Of Small Firms

9/2/2016 | Economic Affairs | Financial System |Read more

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

Compulsory Licensing

7/2/2016 | Economic Affairs | IPR |Read more

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 |Read more

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 ...

IMF Reforms: India, China, Brazil Get More Voting Rights

1/2/2016 | Economic Affairs | International Institutions |Read more

Emerging economies gained more influence in the governance architecture of the International Monetary Fund (IMF). India’s voting rights increase to 2. ...

Hybrid Annuity Model

30/1/2016 | Economic Affairs | Investment Models |Read more

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

WEF Meeting, 2016: Davos

28/1/2016 | Economic Affairs | Summits |Read more

46th Annual Meeting of the World Economic Forum concluded in Davos, Switzerland. This meeting discuss the issues around the theme “Mastering the Fourt ...

RBI Simplifies Gold Monetization Scheme

28/1/2016 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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 |Read more

Normal 0 false false false EN-US X-NONE HI /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso ...

Easwar Panel On Income Tax

21/1/2016 | Economic Affairs | Fiscal system |Read more

Normal 0 false false false EN-US X-NONE HI /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso ...

Bharat Innovation Fund

19/1/2016 | Economic Affairs | Financial System |Read more

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 |Read more

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 |Read more

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 ...

CRZ Amendment Raises Concerns Among Coastal Communities

13/1/2016 | Economic Affairs | Ecology |Read more

The amendment to the Coastal Regulation Zone (CRZ) notification 2011 permitting the use of reclaimed land for construction of roads in notified areas ...

LPG Subsidy

12/1/2016 | Economic Affairs | Fiscal system |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 |Read more

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 | Industry |Read more

The Bankruptcy Law Reforms Committee (BLRC) headed by Dr T K Viswanathan submitted its report to the Union Ministry of Finance. The Report of the BLRC ...

Dr T K Viswanathan Committee on Bankruptacy Law Reforms

5/11/2015 | Economic Affairs | Industry |Read more

The Bankruptcy Law Reforms Committee (BLRC) headed by Dr T K Viswanathan submitted its report to the Union Ministry of Finance. The Report of the BLRC ...

Global Prosperity Index: 2015

5/11/2015 | Economic Affairs | Indexes |Read more

India ranked 99 out of 142 countries on a prosperity index, climbing three places from last year. The rankings, produced by a London-based think tank, ...

UDAY- Ujwal DISCOM Assurance Yojna

5/11/2015 | Economic Affairs | Energy |Read more

Union Cabinet has given its nod to Ujwal DISCOM Assurance Yojna (UDAY) to ease the financial crunch facing power distribution companies, or discoms, w ...

Global Financial Secrecy Index: 2015

4/11/2015 | Economic Affairs | Financial System |Read more

The 2015 Global Financial Secrecy index was recently released by the Tax Justice Network (TJN). This highlights places around the world that provide s ...

Committee to Simplify the Provisions of the Income Tax Act, 1961

3/11/2015 | Economic Affairs | Fiscal system |Read more

The Government of India has constituted a Committee, headed by Justice R.V. Easwar (Retd.), with a view to simplify the provisions of the Income Tax A ...

Alternate Train Accommodation Scheme – “VIKALP”

1/11/2015 | Economic Affairs | Transport |Read more

Railway passengers who are in waiting list quiet often face the problem of non confirmation of birth. Indian Railways has launched new Alternate Train ...

Networking the Networks

1/11/2015 | Economic Affairs | Money laundering |Read more

International groups combating money laundering rackets funding terror activities and organised crime syndicates will come together for brainstorming ...

Gold Monetisation Scheme- Guidelines

26/10/2015 | Economic Affairs | Financial System |Read more

Reserve Bank of India (RBI) has allowed banks to fix their own interest rates on gold deposits under the Gold Monetisation Scheme. In this regard RBI ...

RBI issues direction on implementation of Gold Monetisation Scheme

25/10/2015 | Economic Affairs | Financial System |Read more

The Reserve Bank of India today issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of theGold Mon ...

RBI formed Financial Inclusion Fund

19/10/2015 | Economic Affairs | Financial Inclusion |Read more

The fund has been established, as a single entity (fund) by merging Financial Inclusion Fund (FIF) and Financial Inclusion Technology Fund (FITF), wit ...

Indian Skill Development Service (ISDS)

12/10/2015 | Economic Affairs | Human Development |Read more

The Union Cabinet has given its nod for formation of Indian Skill Development Service (ISDS). ISDS will be a Group A Service of the technical cadre of ...

Kisan (C(K)rop Insurance using Space technology And geoiNformatics) project launched

12/10/2015 | Economic Affairs | Agriculture |Read more

This project will use satellite, drone-based imaging and other geospatial technology to get accurate data on crop yields and to access damage from nat ...

Monetary Policy Committee and public debt management agency

5/10/2015 | Economic Affairs | Monetary Policy |Read more

The government will soon decide the structure of the Monetary Policy Committee (MPC), which will fix the benchmark interest rate of the RBI and set in ...

Global Competitiveness Index 2015

5/10/2015 | Economic Affairs | Reports |Read more

Global Competitiveness Index 2015 was published in Global Competitiveness Report of World Economic Forum (WEF). Top 10 countries are: Switzerland, Sin ...

Integrated Power Development Scheme (IPDS) launched

22/9/2015 | Economic Affairs | Energy |Read more

TheRs.45,000-crore Integrated Power Development Scheme was launched by the Prime Minister. The purpose of the scheme is to strengthening power transmi ...

Shyama Prasad Mukherjee Rurban mission (SPMRM) approved

22/9/2015 | Economic Affairs | Rural Development |Read more

Union Cabinet approved the Shyama Prasad Mukherji Rurban Mission (SPMRM) with an outlay of Rs. 5142.08 crores. About the Mission Aim:- To transform ru ...

Sovereign Gold Bonds Scheme approved

16/9/2015 | Economic Affairs | Financial System |Read more

Sovereign Gold Bonds Scheme has been approved by govt. Modalities of the scheme are as follows: The gold bonds will be issued by the Reserve Bank of I ...

Indradhanush- a plan to revamp state-run banks

14/9/2015 | Economic Affairs | Financial System |Read more

The Indian government has launched a sweeping action plan to revamp state-run banks, offering their management teams the promise of performance incent ...

Gold Monetization Schemes (GMS) gets cabinet approval

14/9/2015 | Economic Affairs | Financial System |Read more

The Union Cabinet chaired by the Prime Minister has given its approval for introduction of Gold Monetization Schemes (GMS), as announced in the Union ...

Payment Banks

3/9/2015 | Economic Affairs | Financial System |Read more

Recently Reserve Bank of India has given in principle approval for 11 entities to set up payments banks. The move has been touted as a harbinger of a ...

Bill To Check Black Money

28/8/2015 | Economic Affairs | Black Money |Read more

Undisclosed Foreign Income and Assets (Imposition of Tax) Bill-2015 Tax evasion on foreign assets will carry a punishment of three to 10 years rigorou ...

Black Monday

26/8/2015 | Economic Affairs | Financial System |Read more

The sensex crashed a record 1,625 points to 25,742, a one-year low level, leaving investors poorer by Rs 7 lakh crore (over $100 billion) while the ru ...

Indradhanush Lacks Steps To Tackle NPAs

20/8/2015 | Economic Affairs | Financial System |Read more

Project “Indradhanush” unveiled by the government lays down the framework for the revival of public sector banks but worries from the bank ...

Highlights of RBI monetary policy statement

7/4/2015 | Economic Affairs | Monetary Policy |Read more

RBI Governor Raghuram Rajan kept the benchmark repo rate or the rate at which the central bank lends money to banks, unchanged at 7.5 per cent, in the ...

Undisclosed Foreign Income & Assets Bill

25/3/2015 | Economic Affairs | Black Money |Read more

The government has unveiled a set of stringent provisions, including a 90% penalty on those who have undisclosed foreign assets and income overseas as ...

14th Finance Commission - A Paradigm Shift

25/2/2015 | Economic Affairs | Fiscal system |Read more

The government has accepted the recommendation of the 14th Finance Commission for a record 10% increase in the share of states in Central taxes. The m ...

India 3rd On Black Money List

2/1/2015 | Economic Affairs | Black Money |Read more

As India continues its pursuit of suspected black money stashed abroad, an international think-tank has ranked the country third globally with an esti ...