Economic Affairs

Merger of NCVT and NSDA

14/10/2018 | Economic Affairs | Skill Development

The Union Cabinet has approved the merger of the existing regulatory institutions in the skills space - National Council for Vocational Training (NCVT ...

Amendment by Competition Commission of India

13/10/2018 | Economic Affairs | Institutions

The Competition Commission of India (CCI), in continuation of its efforts towards simplifying and providing greater clarity on the application of the ...

Global Hunger Index 2018

11/10/2018 | Economic Affairs | Poverty

The 2018 Global Hunger Index report has been released. The report is a peer-reviewed publication released annually by Welthungerhilfe and Concern Worl ...

Crop damages in animal attacks put under PMFBY

9/10/2018 | Economic Affairs | Agriculture

Union Government has decided to cover damages to crops in wild animal attacks under Pradhan Mantri Fasal Bima Yojna in select districts on an experime ...

Purchasing Managers Index (PMI)

3/10/2018 | Economic Affairs | Inflation

India’s manufacturing economy recorded an improvement in growth during September amid firmer gains in new orders, output and employment. The Nikkei In ...

Financial Inclusion Index

26/9/2018 | Economic Affairs | Financial System

Finance ministry has launched Financial Inclusion Index after Annual Performance Review Meeting with CEOs of the Public Sector Banks in New Delhi. Dep ...

Ease of Living index

25/9/2018 | Economic Affairs | Poverty

Andhra Pradesh has topped Ease of Living Index rankings under AMRUT (Atal Mission for Rejuvenation and Urban Transformation). It is followed by Odisha ...

Govt proposes to merge Dena Bank, Vijaya Bank and Bank of Baroda

22/9/2018 | Economic Affairs | Financial System

The Centre has proposed the amalgamation of state-owned Bank of Baroda, Dena Bank and Vijaya Bank to create India’s third largest bank as parts of ref ...

Modified operational guidelines for Pradhan Mantri Fasal Bima Yojna (PMFBY)

21/9/2018 | Economic Affairs | Agriculture

Government has modified operational guidelines for Pradhan Mantri Fasal Bima Yojna (PMFBY). The new operational guidelines come at the onset of the ra ...

NITI Aayog for clear policy on ‘jhum’ cultivation

19/9/2018 | Economic Affairs | Agriculture

A recent NITI Aayog publication on shifting cultivation which is particularly practised in the northeastern States, has recommended that the Ministry ...

Europe law proposes to protect copyright

17/9/2018 | Economic Affairs | IPR

European Parliament approved a new copyright legislation that increases the responsibilities of technology platforms and the rights of content produce ...

Govt announces five measures to stabilize rupee, curb current account deficit

14/9/2018 | Economic Affairs | Financial System

Government has announced a series of measures to boost market confidence, curb the widening current account deficit and stabilize the rupee. Steps to ...

Pradhan Mantri Mudra Yojana

13/9/2018 | Economic Affairs | Financial System

Mudra Yojana, the scheme which the central government takes pride in, met with a concern when former RBI governor Raghuram Rajan submitted his report ...

Atal Pension Yojana indefinitely extended

9/9/2018 | Economic Affairs | Financial Inclusion

Union Cabinet decided to indefinitely extended Atal Pension Scheme, which had lapsed in August 2018. It also has broadened its scope by keeping it ope ...

Public Credit Registry

6/9/2018 | Economic Affairs | Financial System

Recently, RBI Deputy Governor Viral Acharya made a case for setting up a Public Credit Registry (PCR), incorporating unique identifiers: Aadhaar for i ...

India Post Payments Bank launched

2/9/2018 | Economic Affairs | Financial System

India Post Payments Bank (IPPB) has been launched. It will focus on providing banking and financial services to people in rural areas, by leveraging t ...

National Logistics Portal

28/8/2018 | Economic Affairs | External Sector

A committee of secretaries has approved a proposal by department of commerce (DoC) to setup a National Logistics Portal (NLP) to ease transportation o ...

Centre approves 1.12 lakh more houses under PM's housing scheme

26/8/2018 | Economic Affairs | Infrastructure

The Centre has approved construction of nearly 1.12 lakh more affordable houses for urban poor in eight states under the Pradhan Mantri Awas Yojna, wi ...

ILO report flags wage inequality in India

23/8/2018 | Economic Affairs | Unemployment

International Labour Organisation has called for stronger implementation of wage law in India amid persistent low pay and inequality, especially in ca ...

Participatory notes

22/8/2018 | Economic Affairs | External Sector

Investment through Participatory notes into Indian capital markets plunged to over nine-year low of Rs 80,341 crore till July-end amid stringent norms ...

International Conference on Recent Advances in Food Processing Technology (iCRAFPT)

20/8/2018 | Economic Affairs | Agriculture

International Conference on Recent Advances in Food Processing Technology (iCRAFPT) 2018 is being held at Indian Institute of Food Processing Technolo ...

Prompt Corrective Action (PCA) framework

19/8/2018 | Economic Affairs | Financial System

PSU banks are expected to come out of the Prompt Corrective Action (PCA) framework by the end of this year. Currently, 11 out of a total of 21 state-o ...

How Falling Rupees affect the Indian Economy?

19/8/2018 | Economic Affairs | Monetary Policy

With the rupee recently weakening past ?70 to a dollar and hovering about that level since, concerns over the impact of the devaluation on economic in ...

Pitch to MOVE

16/8/2018 | Economic Affairs | Industry

NITI Aayog has launched “Pitch to MOVE” - a mobility pitch competition that aims to provide budding entrepreneurs of India a unique opportunity to pit ...

Ease of Living Index

14/8/2018 | Economic Affairs | Infrastructure

Ministry of Housing and Urban Affairs has released ‘Ease of Living Index’ of 111 cities. Highlights: Pune has ranked first while two more Maharashtra ...

Revised MoA signed for Funding of Central Share of 99 Prioritized Irrigation Projects

9/8/2018 | Economic Affairs | Agriculture

A revised Memorandum of Agreement (MoA) has been signed amongst Govt. of India (through MoWR, RD & GR), NABARD and National Water Development Agency ( ...

Asia-Pacific Institute for Broadcasting Development

6/8/2018 | Economic Affairs | External Sector

India has been elected as the president of the Asia-Pacific Institute for Broadcasting Development. India got the presidency of the organisation, serv ...

Concessional Financing Scheme (CFS)

4/8/2018 | Economic Affairs | Financial System

The Union Cabinet has approved the first extension of Concessional Financing Scheme(CFS) to support Indian Entities bidding for strategically importan ...

‘Seva Bhoj Yojna’

3/8/2018 | Economic Affairs | Financial System

Union Ministry of Culture has launched- ‘Seva Bhoj Yojna’– a scheme to reimburse central share of CGST and IGST on food, prasad, langar or bhandara of ...

FDI Confidence Index 2017

30/7/2018 | Economic Affairs | External Sector

A.T. Kearney has released Foreign Direct Investment confidence index 2017. According to this index, India’s reforms to enable a ‘transparent’ and an ‘ ...

Innovate India Platform

30/7/2018 | Economic Affairs | Growth and development

Atal Innovation Mission, NITI Aayog & MyGov (a citizen centric platform of the Government of India) have launched “Innovate India Platform”. About Por ...

Cabinet approves Fair and Remunerative Price payable by sugar mills

25/7/2018 | Economic Affairs | Agriculture

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for fixing the Fair and Remunerati ...

Lok Sabha approves bill to bring back fugitive economic offenders

21/7/2018 | Economic Affairs | Financial System

The Bill allows for a person to be declared as a fugitive economic offender (FEO) if: (i) an arrest warrant has been issued against him for any specif ...

India becomes world's sixth largest economy

13/7/2018 | Economic Affairs | Growth and development

According to latest updated World Bank figures for 2017, India has become the world’s sixth-biggest economy, pushing France into seventh place. Import ...

India to join multilateral lender EBRD

12/7/2018 | Economic Affairs | External Sector

India is now the 69th shareholder of the European Bank for Reconstruction and Development (EBRD), paving the way for more joint investment with Indian ...

Industry growth slips to 7-month low of 3.2%

12/7/2018 | Economic Affairs | Industry

Industrial production growth slipped to a seven-month low of 3.2 per cent in May mainly due sluggish performance of manufacturing and power sectors co ...

ADB, India Sign $84 Million Loan to Improve Urban Services in 2 Bihar Towns

11/7/2018 | Economic Affairs | External Sector

The Asian Development Bank (ADB) and the Government of India today signed a $84 million loan that will finance water supply improvements and expansion ...

MCX plans currency derivatives foray

11/7/2018 | Economic Affairs | Financial System

The Multi Commodity Exchange of India (MCX), the country’s largest commodity bourse in terms of market share, is planning to enter the currency deriva ...

Ranking of Aspirational Districts

30/6/2018 | Economic Affairs | Planning in India

The NITI Aayog has launched the first Delta ranking (incremental progress) for the Aspirational Districts, based on self-reported data of districts be ...

RBI proposes Board of Management in Urban Co-operative banks

29/6/2018 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has come out with draft guidelines on constituting a board of management (BoM) in addition to the board of directors, ...

44 Indians Step out of Extreme Poverty Every Minute

28/6/2018 | Economic Affairs | Poverty

According to a recent study published by the DC-based non profit public policy institute, Brookings “India is no longer leading the world on the pover ...

Bharat-22 ETF receives bids worth Rs 15,436 crore

26/6/2018 | Economic Affairs | Financial System

The second tranche of the Bharat-22 Exchange Traded Fund (ETF) received bids worth Rs15,436 crore, much higher than the government's fund raising targ ...

AIIB to pump $200m into Indian infra fund

25/6/2018 | Economic Affairs | Financial System

The Asian Infrastructure Investment Bank (AIIB) will pump $200 million into the National Investment & Infrastructure Fund (NIIF). The $200-million inv ...

Draft to strengthen Insolvency and Bankruptcy Code (IBC)

22/6/2018 | Economic Affairs | Financial System

In order to strengthen the Insolvency and Bankruptcy Code, the government has released a draft on cross-border insolvency that would help banks access ...

RBI alters ‘relative’ definition

21/6/2018 | Economic Affairs | Financial System

Reserve Bank of India (RBI) has narrowed the definition of relatives to check the flow of funds. There are some concerns over funds sent abroad under ...

Fourth Meeting of NITI Aayog Governing Council

18/6/2018 | Economic Affairs | Planning in India

The fourth meeting of the Governing Council of NITI Aayog was held under the chairmanship of the Prime Minister. It was attended by 23 Chief Ministers ...

New UAE visa rules

17/6/2018 | Economic Affairs | External Sector

The United Arab Emirates is loosening its residency laws and will grant long-term visas for up to 10 years to investors and highly-skilled professiona ...

Govt plans to allow CSCs to offer banking services

15/6/2018 | Economic Affairs | Financial System

The information technology ministry is planning to get all the common services centres (CSCs) to act as business correspondents (BCs). The move is aim ...

Cabinet okays Bill on dam safety, makes 'owners' responsible

14/6/2018 | Economic Affairs | Infrastructure

The Centre has decided to bring a legislation on dam safety which will empower authorities to take regulatory action and lay down safety standards for ...

Credit enhancement fund

14/6/2018 | Economic Affairs | Infrastructure

In order to boost infrastructure financing, the central government is planning to set up a Rs 500-crore credit enhancement fund by next month. The 201 ...

Co-op banks can become small finance banks

9/6/2018 | Economic Affairs | Financial System

The Reserve Bank of India has decided to allow urban co-operative banks (UCB) to convert into small finance banks (SFB), a move aimed at bringing thes ...

RBI increase its interest rates

8/6/2018 | Economic Affairs | Monetary Policy

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has raised the repo rate by 25 basis points. This was the first-time interest r ...

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018

8/6/2018 | Economic Affairs | Financial System

The President today gave assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. Important Highlights: The Ordinance prov ...

RBI to set up Public Credit Registry on all borrowers

7/6/2018 | Economic Affairs | Financial System

In a major move that could potentially reduce banking frauds and bad loans in India, the High-Level Task Force set by the Reserve Bank of India (RBI) ...

Bank Strikes

2/6/2018 | Economic Affairs | Financial System

Banking operations in the country were hit after nearly 10 lakh employees went on a two-day strike to protest a ‘minimal’ wage hike of just two per ce ...

GI tag for rural crafts

1/6/2018 | Economic Affairs | External Sector

The Chau mask of Purulia, the wooden mask of Kushmandi, the Patachitra, the Dokras of Bengal, and Madhurkathi (a kind of mat) have been presented with ...

CSC, SIDBI ink pact for financial support to village level entrepreneurs

27/5/2018 | Economic Affairs | Industry

Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with the Special Purpose Vehicle (SPV) that operates ...

Cabinet approves provision of mobile connectivity in Left Wing Extremism Areas

26/5/2018 | Economic Affairs | Infrastructure

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the " Universal Service Obligation Fund [USOF]” supported scheme to provid ...

Model Contract Farming Act, 2018

24/5/2018 | Economic Affairs | Agriculture

The government has released the Model Agriculture Produce and Livestock Contract Farming and Services (Promotion & Facilitation) Act, 2018. It is draf ...

What the rupee’s fall means

23/5/2018 | Economic Affairs | Financial System

The rupee has fallen 5.2% in the current financial year, from close to 65 on March 28 to an 18-month low of 68.42 against the dollar. As worries for i ...

Foreign investors cold to Permanent Residency Status scheme

20/5/2018 | Economic Affairs | External Sector

Recent report by the government shows that even after two years after it was launched, the Permanent Residency Status (PRS) scheme providing a host of ...

Rashtriya Gokul Mission

17/5/2018 | Economic Affairs | Agriculture

Frozen Semen Station is being set up in Maranga, Purnea in Bihar under the RashtriyaGokul Mission with 100% contribution from the Central Government. ...

Prompt corrective action

15/5/2018 | Economic Affairs | Financial System

Reserve Bank has initiated prompt corrective action against public sector lender Dena in view of high non-performing loans, restricting the bank from ...

India largest remittance-receiving country in the world

14/5/2018 | Economic Affairs | External Sector

According to a report 'RemitSCOPE - Remittance markets and opportunities - Asia and the Pacific', India was the largest remittance- receiving country ...

Van Dhan Vikas Kendras

10/5/2018 | Economic Affairs | Industry

Ministry of Tribal Affairs is planning to expand Van Dhan Vikas Kendras in Tribal Districts across the country. Key Highlights of Van Dhan Initiative ...

FDI confidence index

8/5/2018 | Economic Affairs | External Sector

Foreign Direct Investment (FDI) Confidence Index is released by global consultant AT Kearney. Main highlights of the index: This index has saw India’s ...

‘Gold Demand Trends’ report

8/5/2018 | Economic Affairs | Financial System

As per WGC’s ‘Gold Demand Trends’ report, the global gold demand fell by 7% to 973 tonne during the January-March period this year as compared to the ...

Annual Meeting of Asian Development Bank(ADB)

7/5/2018 | Economic Affairs | Financial System

51st Annual Meeting of Asian Development Bank (ADB) is being held in Manila, Philippines. The Annual Meeting of the ADB Board of Governors is an oppor ...

Green Revolution – Krishonnati Yojana

6/5/2018 | Economic Affairs | Agriculture

The Cabinet Committee on Economic Affairs has given its approval for the Umbrella Scheme, “Green Revolution – Krishonnati Yojana” in agriculture secto ...

Pradhan Mantri Vaya Vandan Yojana (PMVVY)

4/5/2018 | Economic Affairs | Financial System

The Union Cabinet has given its approval for extending the investment limit from Rs 7.5 lakhs to Rs 15 lakhs as well as extension of time limits for s ...

National Bamboo Mission

29/4/2018 | Economic Affairs | Agriculture

The Cabinet Committee on Economic Affairs has approved Centrally Sponsored Scheme of National Bamboo Mission (NBM) under National Mission for Sustaina ...

Atal New India Challenge

29/4/2018 | Economic Affairs | Growth and development

The Atal Innovation Mission (AIM) under the NITI Aayog has launched the Atal New India Challenge. About the Atal New India Challenge: It shall be run ...

Fugitive Economic Offenders Ordinance 2018

26/4/2018 | Economic Affairs | Financial System

The Union Cabinet has approved the Finance Ministry’s proposal of promulgating the Fugitive Economic Offenders Ordinance, 2018 which will empower auth ...

Adilabad Dokra and Warangal Durries get GI tag

25/4/2018 | Economic Affairs | IPR

Two craft forms that are unique to Telangana were recently granted the Geographical Indication (GI) tag by the GI registry in Chennai. About Adilabad ...

Uniform road tax

22/4/2018 | Economic Affairs | Fiscal system

A group of ministers (GoM) on transport constituted by the roads ministry has recommended a uniform road tax structure for vehicles across states. The ...

Mutual Agreement Procedure (MAP)

21/4/2018 | Economic Affairs | External Sector

Nokia has invoked the mutual agreement procedure (MAP) under the India-Finland Double Taxation Avoidance Agreement, to resolve the Rs 2,000-crore tax ...

Prevention of Money Laundering Act will need more changes

20/4/2018 | Economic Affairs | Financial System

India will have to make money laundering an explicitly standalone offence to upgrade its compliance ahead of the on-site mutual evaluation by the Fina ...

US places India under watch list

19/4/2018 | Economic Affairs | External Sector

The US Treasury Department has placed India under a watch list that monitors countries' currency practices. According to department, foreign exchange ...

Economic freedom index

16/4/2018 | Economic Affairs | Growth and development

The Heritage Foundation has released its Index of Economic Freedom report 2017. The Heritage Foundation is an American conservative public policy thin ...

Gram Swaraj Abhiyan

16/4/2018 | Economic Affairs | Rural Development

The 127th birth anniversary of Dr BR Ambedkar was observed across the state as Samajik Nyaya Diwas (Social Justice Day) with the launch of the Gram Sw ...

RBI tightens monitoring of outward remittances

13/4/2018 | Economic Affairs | Financial System

The Reserve Bank tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can transfer up to USD 2,50,000 abroa ...

The Reserve Bank has deferred the implementation of the Indian Accounting Standards (Ind AS)

12/4/2018 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) decided to defer implementation of Indian Accounting Standard (Ind AS) by one year for the banks. Scheduled commercial ...

RBI has put 11 PSU banks under scanner

9/4/2018 | Economic Affairs | Financial System

Reserve Bank of India has put 11 banks under its scanner. These 11 public sector banks have been brought under the central bank’s Prompt Corrective Ac ...

Cabinet Approves Resizing of Competition Commission of India

6/4/2018 | Economic Affairs | Industry

The Union Cabinet has given its approval for rightsizing the Competition Commission of India (CCI) from One Chairperson and Six Members (totalling sev ...

Pradhan Mantri Fasal Bima Yojana (PMFBY)

4/4/2018 | Economic Affairs | Agriculture

The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY). Presently, five publi ...

Transformation of Aspirational Districts’ programme

1/4/2018 | Economic Affairs | Planning in India

The NITI Aayog has launched the baseline ranking for the Aspirational Districts based on published data of 49 indicators. All the states — except West ...

National Agricultural Cooperative Federation of India Ltd. (NAFED)

31/3/2018 | Economic Affairs | Agriculture

National Agricultural Cooperative Federation of India Ltd. (NAFED) has signed the Debt Settlement Agreement with its eight lender banks. The One Time ...

Atal Innovation Mission

30/3/2018 | Economic Affairs | Planning in India

NITI Aayog’s Atal Innovation Mission (AIM) has announced the signing of a Statement of Intent (SOI) with SAP Global to promote a culture of innovation ...

Pradhan Mantri Rojgar Protsahan Yojana

30/3/2018 | Economic Affairs | Unemployment

The Cabinet Committee on Economic Affairs has given its approval for enhancing the scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY). The Govern ...

New vehicle scrappage policy

26/3/2018 | Economic Affairs | Industry

The policy targets to take polluting vehicles out of the roads and help the automobile industry register higher sales. The policy mentions about vehic ...

‘SATHE’ program

25/3/2018 | Economic Affairs | Growth and development

NITI Aayog has released comprehensive roadmaps and detailed timelines for its initiative ‘Sustainable Action for Transforming Human Capital in Educati ...

Krishi Vigyan Kendras

24/3/2018 | Economic Affairs | Agriculture

The ministries of agriculture and skill development have signed a pact to conduct programmes for training in farm and allied sectors at 690 Krishi Vig ...

Cabinet approves North-East Industrial Development Scheme (NEIDS) 2017

22/3/2018 | Economic Affairs | Growth and development

The Union Cabinet has approved the North East Industrial Development Scheme (NEIDS), 2017 with financial outlay of Rs.3000 crores up to March, 2020. G ...

Pushp Kranti Yojana

21/3/2018 | Economic Affairs | Agriculture

Horticulture Minister Mahender Singh Thakur called on Union Agriculture Minister Radha Mohan Singh in New Delhi and sought Rs 150 crore for the Himach ...

Notice to Bengal over GI tag for 'Rosogolla

20/3/2018 | Economic Affairs | External Sector

The Geographical Indication (GI) Registry has issued a notice to the West Bengal State Food Processing and Horticulture Development Corporation, askin ...

The Chit Funds (Amendment) Bill, 2018

16/3/2018 | Economic Affairs | Financial System

A Bill to streamline and strengthen the chit fund sector was introduced in the Lok Sabha. The Chit Funds (Amendment) Bill, 2018 is based on the recomm ...

India remains 12th largest foreign holder of US govt securities

13/3/2018 | Economic Affairs | External Sector

India has remained the 12th largest overseas holder of US government securities, just behind oil rich Saudi Arabia, whose holding stood at USD 147.4 b ...

WTO sets up panel on India’s requests

12/3/2018 | Economic Affairs | External Sector

The World Trade Organisation’s Dispute Settlement Body (DSB) has agreed to India’s request for setting up a panel to determine whether the country com ...

Marshall Islands to launch world-first digital legal tender

12/3/2018 | Economic Affairs | External Sector

The Marshall Islands will launch the world’s first legal tender cryptocurrency. A law in this regard has been passed by the parliament. The Marshall I ...

Himachal Pradesh Budget 2018-19

10/3/2018 | Economic Affairs | Budget 2018 -19

Chief Minister Jai Ram Thakur presented the Himachal Pradesh Budget for 2018-19.Banking largely on the Centre’s help and fresh borrowings, the CM, in ...

1st Mega Food Park in Maharashtra at Satara

8/3/2018 | Economic Affairs | Agriculture

The first Mega Food Park in the state of Maharashtra M/s Satara Mega Food Park Pvt. Ltd. has been inaugurated at Village Degaon, District Satara. This ...

Action Plan for Champion Sectors in Services

6/3/2018 | Economic Affairs | Growth and development

The Union Cabinet has approved the proposal of the Department of Commerce to give focused attention to 12 identified Champion Services Sectors for pro ...

Prime Minister’s Employment Generation Programme

6/3/2018 | Economic Affairs | Unemployment

The government has approved the continuation of Prime Minister’s Employment Generation Programme (PMEGP) beyond the 12th Plan period for three years t ...

Fugitive Economic Offenders Bill, 2018

3/3/2018 | Economic Affairs | Financial System

The Cabinet has approved a stringent law to confiscate the assets of those who flee the country to escape being brought to account and cleared setting ...

National Financial Reporting Authority

2/3/2018 | Economic Affairs | Financial System

The Union cabinet has approved a proposal to establish a National Financial Reporting Authority (NFRA) as an independent regulator for the auditing pr ...

eNAM

2/3/2018 | Economic Affairs | Agriculture

In a bid to engage more farmers on the electronic National Agriculture Market (eNAM) platform, the government has unveiled mobile payment facility BHI ...

Operation Greens

1/3/2018 | Economic Affairs | Agriculture

The Ministry of Food Processing Industries has started consultations with stakeholders to determine the contours of Operation Greens, under which Rs 5 ...

WhatsApp Payment

28/2/2018 | Economic Affairs | Financial System

WhatsApp launched a new limited service in India, where it has more than 200 million users. This uses customers’ phone numbers linked to bank accounts ...

E-way bill

25/2/2018 | Economic Affairs | Fiscal system

GST’s e-way bill system, which promises to enable faster movement of goods through a seamless portal-driven payment system, may see the light of the d ...

Farm loan waiver

22/2/2018 | Economic Affairs | Agriculture

Rajasthan government has announced one-time farm loan waiver of up to Rs50,000 for small and marginal farmers in the state, which would cost Rs8,000 c ...

Rural Economy and Budget 2018-19

18/2/2018 | Economic Affairs | Rural Development

1. All-weather road in rural areas • Task of connecting all eligible habitations with an all-weather road by March 2019 (earlier it was March 2022 but ...

Agriculture and Budget 2018-19

17/2/2018 | Economic Affairs | Agriculture

1. Development of cluster-based development of agri-commodities and regions • As India is primarily an agriculture based country, government aims to d ...

Punjab Food Grains Transportation Policy, 2018-19

16/2/2018 | Economic Affairs | Food Management

To ensure smooth and timely procurement during the coming Rabi season, the Punjab cabinet gave its nod to new food grains transportation as well as la ...

Infrastructure and Budget 2018-19

16/2/2018 | Economic Affairs | Infrastructure

Our country needs massive investments estimated to be in excess of Rs 50 lakh crore in infrastructure to increase growth of GDP – to connect and integ ...

Medium, Small and Micro Enterprises (MSMEs) and Employment and Budget 2018-19

15/2/2018 | Economic Affairs | Industry

Medium, Small and Micro Enterprises (MSMEs) are a major engine of growth and employment in the country. 1. Energizing Small Businesses for New India • ...

Health Sector and Budget 2018-19

11/2/2018 | Economic Affairs | Fiscal system

Being a developing economy, there is not enough fiscal space to increase the expenditure on critical social infrastructure like education and health i ...

Cabinet approves Amendment to MSME Act

10/2/2018 | Economic Affairs | Industry

The Union Cabinet has approved amendment to Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 for classifying MSMEs from current inves ...

Laghu Udyog Bharati

7/2/2018 | Economic Affairs | Industry

A national level meeting was recently convened by the Government of India with the members of Laghu Udyog Bharati. About Laghu Udyog Bharati: Laghu Ud ...

CRISIL, SIDBI Launch India’s First MSE Sentiment Index

6/2/2018 | Economic Affairs | Financial Markets

The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx, India’s first sentiment index for micro and small enterprise ...

Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM) scheme

4/2/2018 | Economic Affairs | Agriculture

• The Union Government has announced Rs.1.4 lakh-crore Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM) scheme for promoting solar farming i.e. de ...

Budget 2018-19

2/2/2018 | Economic Affairs | Fiscal system

Fiscal situation and targets GST revenue will be collected for 11 months and that would impact balance sheets. Rs 21.57 lakh crore transferred in the ...

Tamil Nadu Rural Transformation Project

31/1/2018 | Economic Affairs | Infrastructure

India and the World Bank have signed a $100 million loan agreement to support Tamil Nadu Rural Transformation Project. This is expected to promote rur ...

Atal Pension Yojana Expands Net to Small Finance Banks

29/1/2018 | Economic Affairs | Financial Inclusion

The Central government announced that the payments banks such as Airtel payments bank and small finance banks such as Utkarsh and ESAF will also offer ...

Indian Accounting Standards (IndAS)

25/1/2018 | Economic Affairs | Fiscal system

The government and the Reserve Bank of India (RBI) may postpone the implementation of new accounting standards for banks because of the legislative ch ...

Centre to declare 2018 as ‘national year of millets’

24/1/2018 | Economic Affairs | Agriculture

India has sent a proposal to the United Nations (UN) for declaring the year 2018 as 'International Year of Millets'. The proposal, if agreed, will rai ...

Chamba declared as the backward district

24/1/2018 | Economic Affairs | Rural Development

Chamba has been declared as the backward district by Government of India. It is among the 115 districts selected by the Government of India in keeping ...

World Economic Forum manufacturing index

17/1/2018 | Economic Affairs | External Sector

The World Economic Forum (WEF) has released its Global Manufacturing Index. This is WEF’s first ‘Readiness for the future of production report’. The r ...

FDI amendments cleared by Union Cabinet

13/1/2018 | Economic Affairs | External Sector

The Union Cabinet has approved a number of amendments in the Foreign Direct Investment (FDI) policy, in a move to liberalise and simplify it. These am ...

Foreign exchange reserves surge to new lifetime high of $409.4 billion

8/1/2018 | Economic Affairs | External Sector

Foreign exchange reserves of India has surged by a $4.444 billion to touch a new life- time high of $409.366 billion in the last week of December. In ...

80 lakh subscribers’ base under Atal Pension Yojana

8/1/2018 | Economic Affairs | Financial System

Subscribers’ base under the Atal Pension Yojana (APY) has reached more than 80 Lakhs and growing at a good pace. At present 233 Banks and Department o ...

Cryptocurrencies are a Ponzi scheme

2/1/2018 | Economic Affairs | Financial System

India’s finance ministry cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are l ...

BND-4201

28/12/2017 | Economic Affairs | Financial Markets

India’s first home-grown high purity gold reference standard – the Bharatiya Nirdeshak Dravya (BND-4201) – was launched. India now has its own standar ...

DARPAN (Digital Advancement of Rural Post Office for A New India)

23/12/2017 | Economic Affairs | Financial Inclusion

Ministry of Communications has launched DARPAN – “Digital Advancement of Rural Post Office for A New India” Project to improve the quality of service, ...

Payment of Gratuity (Amendment) Bill, 2017

21/12/2017 | Economic Affairs | Industry

The Payment of Gratuity (Amendment) Bill, 2017, has been introduced in the Lok Sabha. The Bill will allow it to notify a higher period of maternity le ...

Non-Lapsable Central Pool of Resources (NLCPR) scheme

21/12/2017 | Economic Affairs | Growth and development

The Union Cabinet has approved the continuation of the existing Non-Lapsable Central Pool of Resources (NLCPR) scheme with funding pattern of 90:10 ti ...

North East Special Infrastructure Development Scheme(NESIDS)

20/12/2017 | Economic Affairs | Infrastructure

The Union Cabinet has approved the introduction of new Central Sector Scheme of “North East Special Infrastructure Development Scheme” (NESIDS) from 2 ...

11th World Trade Organization conference

18/12/2017 | Economic Affairs | External Sector

The eleventh ministerial conference of the World Trade Organization (WTO) ended in a stalemate, without any ministerial declaration as the US reneged ...

MSME Sambandh

11/12/2017 | Economic Affairs | Industry

A Public Procurement Portal ‘MSME Sambandh’ was launched by Minister of State (Independent Charge) for MSME. The objective of the portal is to monitor ...

Small Farmers Agri-Business Consortium

2/12/2017 | Economic Affairs | Agriculture

The Government established Small Farmers’ Agri-Business Consortium (SFAC) as a Society in 1994 to facilitate agri-business ventures by catalyzing priv ...

SAUBHAGYA Scheme

30/11/2017 | Economic Affairs | Infrastructure

The Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) has been launched in Manipur. A total of approximately 1.75 lakh households (1.62 lakh rura ...

National Skill Development Corporation (NSDC)

29/11/2017 | Economic Affairs | Skill Development

A tripartite Memorandum of Understanding (MoU) was signed between National Skill Development Corporation (NSDC) and Tourism and Hospitality Sector Ski ...

Merchandise Exports from India Scheme (MEIS)

28/11/2017 | Economic Affairs | External Sector

The government has doubled the incentive for exporters of garments and made-ups under the Merchandise Export from India Scheme (MEIS) to support decli ...

YONO

27/11/2017 | Economic Affairs | Financial System

State Bank of India, the country’s largest public sector bank, has launched a unified integrated app called YONO (You Need Only One) that would offer ...

Himachal Pradesh Heritage Tourism Policy 2017

27/11/2017 | Economic Affairs | Tourism

Following in the footsteps of Rajasthan, where the priceless heritage of its palaces, forts and havelis is the biggest tourist attraction, now Himacha ...

NPPA puts cap on prices of 51 essential medicines

26/11/2017 | Economic Affairs | Regulatory Authorities

The National Pharmaceutical Pricing Authority (NPPA) has capped prices of 51 essential medicines, including those used for the treatment of cancer, pa ...

SC declares stringent provision of PMLA unconstitutional

26/11/2017 | Economic Affairs | Financial System

The Supreme Court struck down as unconstitutional a stringent provision of the Prevention of Money Laundering Act that virtually overturned the legal ...

BRICS Bank approves $400 million loans for India, Russia

25/11/2017 | Economic Affairs | External Sector

The Shanghai-based Brics New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loan ...

Insolvency law: Government sets up 14-member panel to identify issues

23/11/2017 | Economic Affairs | Financial System

With rising number of cases under the Insolvency and Bankruptcy Code, the government has set up a 14-member panel to identify and suggest ways to addr ...

Moody’s upgrades India rating

21/11/2017 | Economic Affairs | External Sector

Global ratings agency Moody's Investors Service raised India's sovereign credit rating to 'Baa2' from 'Baa3'. Continued progress on economic and insti ...

‘Saubhagya’ Web-Portal

20/11/2017 | Economic Affairs | Rural Development

The government has launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana – ‘Saubhagya’ Web Portal. About Saubhagya Portal: The Saubhagya Dashboard i ...

Bank of International Settlement (BIS)

18/11/2017 | Economic Affairs | Financial System

RBI Governor Urjit Patel has been appointed to the Financial Stability Institute Advisory Board or the Bank of International Settlement (BIS), a globa ...

National Anti-profiteering Authority

17/11/2017 | Economic Affairs | Fiscal system

The government has decided to set up a National Anti-profiteering Authority or NAA under the new indirect tax regime, the Goods and Services Tax, to e ...

Direct Benefit Transfer (DBT)

13/11/2017 | Economic Affairs | Poverty

A comprehensive review of the delivery of its 461 schemes by the Centre showed that there has been a saving of Rs 1,557 crore due to implementation of ...

Second Technology and Innovation Support Centre (TISC) in India

13/11/2017 | Economic Affairs | Industry

The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, has signed an Institutional agreement ...

FEMA norms eased to spur investment from overseas

12/11/2017 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) has simplified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regu ...

RBI release new outsourcing norms for NBFCs

12/11/2017 | Economic Affairs | Financial System

The Reserve Bank of India (RBI) proposed tough guidelines for outsourcing of work by NBFCs (non-banking financial companies) to safeguard borrowers fr ...

'Business optimism' index, 2017

11/11/2017 | Economic Affairs | Growth and development

As per Grant Thornton's International Business Report (IBR), India has slipped in 'business optimism' index to the 7th position in the September quart ...

Paradise Papers

10/11/2017 | Economic Affairs | Financial System

The Union Government has reconstituted Multi-Agency Group (MAG) to investigate cases relating to ‘Paradise Papers’ data disclosure which is also probi ...

Financial Action Task Force

9/11/2017 | Economic Affairs | External Sector

The Financial Action Task Force (FATF), the global anti- money laundering watchdog has put Pakistan on notice for terror financing. FATF has sought fr ...

Etikoppaka toys

6/11/2017 | Economic Affairs | External Sector

Geographical Indication Registry has given the Geographical Indication (GI) tag to the traditional toys made by the artisans in the Etikoppaka village ...

Crypto currencies now come under SEBI lens

5/11/2017 | Economic Affairs | Financial System

There is increase in popularity of crypto currencies and number of entities looking at raising funds through Initial Coin Offerings (ICO). Now, The Se ...

World Bank’s doing Business Report, 2018

4/11/2017 | Economic Affairs | Growth and development

The World Bank today released the Doing Business (DB) Report, 2018. India ranked 100 among 190 countries assessed by the Doing Business Team. India ha ...

Assam Agribusiness and Rural Transformation Project

3/11/2017 | Economic Affairs | Agriculture

The Government of India and the World Bank has signed a $200 million Loan Agreement for the Assam Agribusiness and Rural Transformation Project. About ...

MSME Delayed Payment Portal – MSME Samadhaan

3/11/2017 | Economic Affairs | Industry

Delayed Payment Portal – MSME Samadhaan was launched for empowering micro and small entrepreneurs across the country to directly register their cases ...

Public Finance Management System (PFMS)

31/10/2017 | Economic Affairs | Financial System

Union finance minister has launched the mandatory use of Public Finance Management System (PFMS) for all the Central Sector Schemes of the Government ...

2.11 lakh crore for PSU banks to boost lending

30/10/2017 | Economic Affairs | Financial System

The Centre unveiled an ambitious plan to infuse ?2.11 lakh crore capital over the next two years into public sector banks (PSBs). Government has taken ...

Start-up Programmes for entrepreneurs in Oil and Gas sector

27/10/2017 | Economic Affairs | Unemployment

The oil and gas PSUs have setup venture capital funds to encourage start-ups based on innovative ideas in the energy sector. Start-ups in the oil and ...

GSTN unveils offline option for GSTR-3B returns filing

23/10/2017 | Economic Affairs | Financial System

The Goods and Services Tax Network (GSTN) has released an offline facility that will allow taxpayers to finalise their GSTR-3B forms on their own comp ...

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. ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Union Cabinet approved 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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: 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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...