Committee to Draft MSME Policy

Micro, Small and Medium Enterprises Ministry has decided to come out with a comprehensive policy for MSMEs, which will be drafted by a high...

China Revamped IPO System

China's legislature has approved a proposal to revamp the initial public offering (IPO) system. The changes are expected to help companies raise money more efficiently...

Ethanol Blending Programme in India

Under Ethanol Blending Programme (EBP), the Central Government has scaled up blending targets from 5% to 10% to promote blending of ethanol with petrol...

Udyog Aadhaar Crosses 1 lakh Registrations

The Ministry in September 18, 2015 under the MSME Development Act, 2006 has notified that every MSME unit shall file Udyog Aadhaar Memorandum (UAM). This...

Industrial Growth in India

The rate of industrial growth, measured in terms of Index of Industrial Production (IIP) increased by 4.8 per cent during April-October, 2015-16 as compared...

Govt Earns $5 Billion From Disinvestment

Government has earned over Rs.35,000 crore  through disinvestment of PSU share sales. At a record high of Rs.35,236 crore ($5.3 billion), the total funds...

Steps Taken To Curb Black Money in India

Current Affairs: Union government has taken following steps to curb black money in the country: Constitution of Special Investigation Team(SIT) Constitution of a Special Investigation Team...

WTO Receives 6 Ratifications for TFA

Current Affairs: U Win Myint, Myanmar’s Union Minister of the Ministry of Commerce, presented his country’s instrument of acceptance to Director-General Roberto Azevêdo in...

Auto-Cancellation of Reversal Trades in BSE

BSE is planning to soon introduce a mechanism that will automatically cancel reversal trades executed on its platform. 'Auto-Cancellation of Reversal Trades' would focus on...

India Becomes Largest Remittances Receiving Country

According to World Bank, India became the largest remittances receiving country at $72 billion this year followed by China at $64 billion. The US emerged...

Inflation Expectations Survey of Households

The Reserve Bank of India (RBI) has launched quarterly 'Inflation Expectations Survey of Households' for December 2015. The RBI has been regularly conducting the survey....

Foreign Investors To Get Share in Jubilant Life

Current Affairs: The Reserve Bank of India has allowed foreign investors to pick up to 45 per cent in Jubilant Life Sciences under the...

New Norms for Infrastructure Trusts

The Securities and Exchange Board of India (Sebi) issued new regulations that will govern real estate investment trusts, or REITs, and so-called infrastructure investment...

Measures Taken to Check Price Rise

The Government has taken a number of steps to check price rise and to improve the availability of essential food items. These include: General Measures: National...

New Income Tax Authority Setup

The CBDT notified the new Income Tax department authority which will now be empowered to receive due taxes and penalty from those who had...

Govt Releases 175 Crore For Mandi e-Platforms

Union government has released Rs. 175 crores to set up e-platforms to ensure easy flow of agricultural produce from one mandi to another. The Centre...

New Rules For Banks on Lending Rates

The Reserve Bank of India (RBI) set new rules on how banks can calculate their lending rates, making them more closely based on market...

Facebook Ties With Uber for Ride Service

Facebook Inc said that it is testing a service that will allow users of its Messenger app to hail Uber rides directly from the...

Air India To Sell Land in Coimbatore

The government approved an Air India proposal to sell its plot of land at Coimbatore in Tamil Nadu to National Building Construction Corporation (NBCC)...

PAN Now Mandatory For Opening Bank Accounts

PAN or Permanent Account Number is made mandatory for opening all bank accounts from 1 January, 2016. To reduce bank accounts with forged details, the...

Monetary Limit Increased for Tax Cases

In order to reduce tax litigation by about 50 per cent, the Ministry of Finance raised the monetary limit for filing appeals to Rs...

Suzlon Energy Allot Shares to Bondholders

Wind turbine maker Suzlon Energy Ltd will allot over 3.58 lakh shares to bondholders upon conversion of some bonds due in July 2019. Suzlon Energy...

Four New Indices Launched in India

Asia Index Pvt Ltd, a joint venture between S&P Dow Jones and BSE Ltd, launched four new indices. The four S&P BSE indices will be...

Food Inflation Increased in November

Wholesale food price inflation in November doubled to 5.20 per cent as compared to October on account of sharp rise in prices of pulses,...

FDI Flow To Services Increased By 20%

Current Affairs: FDI (foreign direct investment) inflows into the services sector grew by about 20 per cent to $1.46 billion (Rs 9,404 crore) in...

CSR Platform ‘Sammaan’ Launched

The CSR platform, launched by BSE along with industry body CII and think tank IICA, went live on the stock exchange. Sammaan, a platform to...

Indian Oil Invest 1.75 Lakh Crore in Expansion

Current Affairs: Indian Oil Corporation will invest Rs 1.75 lakh crore over the next seven years on expanding refinery capacity, building petrochemical plants and...

EPFO 11th Largest Pension Fund in World

The retirement savings managed and overseen by the Employees’ Provident Fund Organisation (EPFO) are set to cross the Rs.10 lakh- crore mark this month....

Indian Overseas Bank to Raise 1570 Crore

Indian Overseas Bank (IOB) proposes to raise up to Rs 1,570 crore at the current market price from the public offer to fund its...

FDI Proposals Worth Rs 5,240 Crore Cleared

The Foreign Investment Promotion Board (FIPB) has approved seven foreign direct investment (FDI) proposals worth Rs 5,240 crore. The clearances were given based on recommendations...

PVR Cinemas to Acquire DT Cinemas

On 08.07.2015, the Competition Commission of India received a notice from PVR Limited relating to acquisition by PVR Limited (PVR) of DT Cinemas, which...

India Will Soon Get Physical Gold Exchange

India will soon get its first physical gold exchange. In this regard,  a bullion association in India has tied up with BSE to launch...

Minimum Export Price Of Onions Reduced

Current Affairs: The government slashed the minimum export price (MEP) of onions to USD 400 per tonne from USD 700 a tonne. MEP is the...

Measures To Contain Prices of Essential Food Items

General Measures: Ø National Consultation Meeting held with States/UTs in-charge of Consumer Affairs and Food held on 7th July, 2015, at New Delhi resolved to...

Measures Taken For Sugarcane Farmers

The cane dues of Rs. 17301 crores were outstanding against the sugar mills as on 15.07.2015. Since then, Rs. 10,620 crores have been paid...

First Bullet Train Gets Green Signal

India's first bullet train gets the green signal from government. The Cabinet has cleared a $14.7 billion Japanese proposal to build India's first bullet...

ADB $1 Billion Loan to Power Grid Corporation

Economy Current Affairs: Asian Development Bank (ADB) will provide $1-billion loan to the Power Grid Corporation of India for renewable energy transmission and grid...

IDFC Bank Included in Second Schedule List

RBI Current Affairs Dec 11, 2015: Newly constituted IDFC Bank Ltd has been included in the Second Schedule of the Reserve Bank of India...

RBI Guidelines for Cross-Currency Futures

The Reserve Bank of India issued guidelines for introduction of cross-currency futures and exchange traded cross-currency option contracts in multiple currency pairs. The cross currency...

Banks to Bring Down SLR to 20.50%

The Reserve Bank allowed banks to bring down the statutory liquidity ratio (SLR) securities under held-to-maturity (HTM) category by 1.25 per cent to 20.50...

Sebi Norms on Outsourcing by Depositories

Securities and Exchange Board of India (Sebi) issued a new set of guidelines governing outsourcing by depositories to safeguard capital markets from outside risks. SEBI...

Aurobindo Drug Gets US FDA Approval

Aurobindo Pharma has received approval of the US Food and Drug Administration (FDA) to market injection Eptifibatide, used in the treatment of acute coronary...

Uber Shuts Its Uber Auto Service

Taxi aggregator Uber has temporarily shut down its Uber Auto service, which was started in April in New Delhi this year. Launched as a cash-only...

Fairfax Acquires Stake in IIFL

Canadian firm Fairfax India Holdings (FIH) has acquired an additional 21.85 per cent stake in financial firm IIFL Holdings for Rs 1,341.37 crore through...

Oil and Natural Gas Production In India

Crude Oil Production Indigenous crude oil production (including condensate) during October, 2015 was 3151.178 TMT which is 2.53% higher than the target for the month...

Latest Cabinet Decisions

In latest cabinet decisions, Government approved 10 per cent stake sale in state-owned Coal India Ltd. Cabinet committee on economic affairs chaired by Prime...

Disinvestment in Coal India Limited

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the disinvestment of 10 percent paid up equity...

Govt Eases FDI Rules

Government liberalized foreign direct investment (FDI) norms in 15 major sectors of the economy to further boost the investment environment and to bring in...

$273 Million ADB Loan for Roads

Centre signed 273 Million dollar loan agreement with Asian Development Bank in New Delhi for improving rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha...

National Highways Construction Cost Index Released

National Highways Authority of India (NHAI) has released National Highways Construction Cost Index (NHCCI) up to September 2015. This has been compiled based on information...

Financial Stability and Development Council Meet

The Thirteenth Meeting of the Financial Stability and Development Council (FSDC) was held today under the Chairmanship of the Union Minister of Finance, Arun...

China Ratifies Asian Infrastructure Investment Bank Agreement

Chinese Parliament has ratified the Asian Infrastructure Investment Bank (AIIB) agreement today. It establishes the legal framework for the Bank. The ratification is a significant...

Steps Taken to Increase Exports

In light of the major challenges being faced by Indian exporters in the backdrop of the global economic slowdown, Department of Commerce announced increased...

Foreign Investment in India

Foreign investors pumped in over 22,350 crore rupees in the Indian capital markets in October, the highest in seven months, buoyed by RBI’s rate...

Moody Upgrades Banking Sector Outlook

Moody's today upgraded its outlook for India's banking system to 'stable' from 'negative'. Moody's rates 15 banks in India that together account for around...

India’s Manufacturing Output Slips

According to Nikkei survey, India's manufacturing sector growth slipped further and touched a 22-month low in October. The Nikkei India Manufacturing PMI - a composite...

India World’s 7th Most Valued Brand

According to Report by 'Brand Finance', India is world's seventh most valued 'nation brand'. There is surge of 32 per cent in India's 'nation...

Government Issues Sovereign Gold Bonds

Government of India, in consultation with Reserve Bank of India (RBI), has decided to issue Sovereign Gold Bonds. The Bonds will be issued on...

Fiscal Deficit: Latest Update

The Centre’s fiscal deficit remained well within control at ₹ 3,78,563 crore or 68.1 per cent of the Budget Estimate in the first half...

Rupee Denominated Bonds Outside India

The RBI has granted permission to the Indian corporate to issue rupee denominated bonds outside India in a bid to encourage foreign investors. A press...

Foreign Trade Policy Highlights

Key features of the latest Foreign Trade Policy 2015: India to be made a significant participant in world trade by 2020 Merchandize exports from India (MEIS)...

Measures to Enhance Exports Announced

In light of the major challenges being faced by Indian exporters in the backdrop of the global economic slowdown, Department of Commerce announced increased...

India Ranks 130 in Ease of Doing Business

India is now ranked by the World Bank at 130 of 189 countries on "Ease of Doing Business." That is up 12 places from...

Committee Setup to Simplify Income Tax

The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following...

“E-Sahyog” Pilot Project Launched

The Finance Minister Arun Jaitley launched an “e-Sahyog” pilot project which furthers the Income Tax Department’s commitment to work in an e-environment and reduces...

India’s Foreign Exchange Reserves Rise

India’s foreign exchange reserves have recorded a rise of 458 million US Dollars to 353.527 billion dollars in the week ended 16th October. According to...

RBI Directive on Gold Monetisation Scheme

The Reserve Bank of India (RBI) issued a Direction to all Scheduled Commercial Banks (excluding Regional Rural Banks) on implementation of the Gold Monetisation...

Anti Dumping Duty Imposed on Products

Pursuant to the recommendations of the Directorate General of Anti-dumping and Allied Duties, the Government has imposed anti-dumping duty on following goods, effective from 21st...

China Launches Yuan Bond in UK

The Bank of China launched a yuan-denominated bond in London for the first time as it seeks to internationalise its currency. The debt sale worth...

IRCTC Launches E-Catering

The Indian Railways Catering and Tourism Corporation (IRCTC) has launched a pilot project of a ‘station-based e-catering’ service allowing passengers to order meals as...

IDFC Bank Inaugurated in India

The Prime Minister, Narendra Modi, today launched the IDFC Bank in New Delhi. The Prime Minister complimented IDFC for its successful journey of 18 years...

Latest Changes in Indirect Tax Rates

Government of India has made the following changes in indirect tax rates, effective from 19th October, 2015: In view of the continued fall in international prices...

Latest Data on Oil & Natural Gas Production

CRUDE OIL Indigenous crude oil production (including condensate) during September, 2015 was 3042.369 TMT which is 0.89% lower than the target for the month and 0.06%...

Measures to Contain Pulses Prices

Increase in prices of pulses may register highest growth this year due to untimely rains which have severely affected 2.28 million tonnes (MT) of...

Kelkar Panel on Revitalizing PPP Model

Vijay Kelkar-headed panel on revitalisation of public-private-partnership (PPP) model of infrastructure development will submit its report to Finance Minister Arun Jaitley by the end...

Pulses Inflation in India

After onions, prices of pulses — a source of protein for every Indian — are now at a five-year high in some parts of...

New Financial Inclusion Fund Created

RBI announced merger of two funds to create a new Financial Inclusion Fund with a corpus of Rs 2,000 crore to support 'developmental and...

MoU in Small & Medium Enterprises Signed

The Union Cabinet chaired by the Prime Minister Narendra Modi, has approved the MoU between the India-Taipei Association (ITA) in Taipei and Taipei Economic...

Pradhan Mantri Jan Dhan Yojana Deposits

Deposits in accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have now exceeded Rs. 25,000 crore which has come to the banks...

Index of Industrial Production August 2015

Ministry of Finance states that the data on the Index of Industrial Production (IIP) for August 2015 and Consumer Price Index (CPI)-New Series in...

14th General Review of Quotas of IMF

Recently the Union Finance Minister Arun Jaitley expressed concern at the unprecedented delay in implementation of the 14th General Review of Quotas. In his...

Gold Monetization Schemes Launched

The Union Cabinet chaired by PM Modi, gave its approval for introduction of Gold Monetization Schemes (GMS), as announced in the Union Budget 2015-16....

Bank Credit Update by RBI

Data on sectoral deployment of bank credit collected on a monthly basis from select 46 scheduled commercial banks, accounting for about 95% of the...

Financial Assistance from DEA Fund

The Reserve Bank of India released the names of 20 entities that have been approved by the DEA Fund Committee for registration for seeking...

RBI Releases Bi-monthly Monetary Policy

RBI on Sept 29 released Fourth Bi-monthly Monetary Policy Statement. RBI's noted the following main ponits in its policy: Since the third bi-monthly statement of...

Electronics Development Fund Becomes Operational

Government of India has decided to appoint M/s CANBANK Venture Capital Fund Ltd. (CVCFL) as the implementation agency which will house the Electronics Development...

SEBI Notifies ‘Fast-Track’ Route For Share Sales

To boost fund raising from markets, the Securities and Exchange Board of India (SEBI), notified new norms, which will provide all listed companies a...