03 August 2018
The process of putting together a regulatory framework for electronic commerce in the country is finally speeding up.
04 August 2018
Telecom Regulatory Authority of India (TRAI) has called for imposition of import duties on telecom products outside the ambit of the Information Technology Agreement (ITA-1) and incentivising their local design and manufacturing with an aim to eliminate India’s dependence on imported telecom gear by 2022.
06 August 2018
With the U.S. imposing an additional 25% duty on imports worth $34 billion from China, certain Indian products may become more competitive. India can focus on several goods for expanding its exports to the U.S. and China after the increase in duties by both countries on imports from each other.
07 August 2018
The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
08 August 2018
Goods and Services Tax (GST) is an indirect tax levied in india on the supply of goods and services. GST is levied at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer. The tax came into effect from July 1, 2017 through the implementation of one hundred and first amendment of the constitution of india by the Indian government. The tax replaced existing multiple cascading taxes levied by the central a
09 August 2018
The Andhra Pradesh government has announced Mukhya Mantri Yuva Nestam scheme to provide unemployment allowance of Rs 1000 per month to the unemployed youth (between 22-35 years of age) through DBT using Aadhar.
14 August 2018
The overall GDP, after several quarters of low growth, there has been a strong pick-up in the last quarter of 2017-18. If this momentum is maintained, the growth rate (2018-19) will certainly be above 7%.
18 August 2018
Unemployment and underemployment are growing. The small producers and the informal sector have done poorly over the last two years, and both agricultural and manufacturing have been performing poorly.
21 August 2018
The International Labour Organisation (ILO) on released a report titled ‘India Wage Report: Wage policies for decent work and inclusive growth’.
22 August 2018
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 indicators are intensifying.
23 August 2018
In a stern warning to bankers, the finance ministry has asked chief executives of public sector banks (PSBs) to check all NPA accounts exceeding Rupees 50 crore for fraud, else face criminal conspiracy charges, according to official sources.
24 August 2018
The State Finance Commission (SFC) is a unique institution created by the 73rd and 74th Constitutional Amendments (CAs) to rationalise and systematise State/sub-State-level fiscal relations in India.
27 August 2018
Finace minister Arun jaitley cited the report given by International Monetary Fund (IMF) report on India in 2018. He said India had improvements in indicators such as inflation, fiscal deficit, current account deficit, infrastructure, power sector, and allocation of natural resources.
30 August 2018
The Reserve Bank of India’s annual report for 2017-18 said more than 99% of the Rs. 500 and Rs. 1,000 notes withdrawn from circulation in November 2016 had been returned to the central bank.
01 September 2018
India Post Payments Bank (IPPB) has been launched. It will focus on providing banking and financial services to people in rural areas, by leveraging the reach of 1.55 lakh post office branches. The government aims to link all the 1.55 lakh post offices to the India Post Payments Bank system by 31 December, 2018.
03 September 2018
Recently, RBI Deputy Governor made a case for setting up a Public Credit Registry (PCR), incorporating unique identifiers: Aadhaar for individual borrowers and Corporate Identification Number for firms.
04 September 2018
Banking Ombudsman is a quasi judicial authority functioning under India’s Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks.
06 September 2018
In other parts of the world, grain is stored in silos (a tall tower or pit on a farm used to store grain). Here, stored grain is kept dry and aired so as to prevent fungal and insect attacks.
08 September 2018
The India Post Payments Bank (IPPB), a financial service provider that will operate under the country’s age-old postal department. IPPB is a payment bank and as per the RBI’s regulations the Payment banks cannot accept Term deposits, they can accept demand deposits only. The new India Post Payments Bank can hasten financial inclusion, but detailing is key.
11 September 2018
GDP growth rate for the first quarter (April – June) of fiscal year 2018-19 came at 8.2 per cent. A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy?
12 September 2018
On 10th April 2018, the market watchdog, SEBI asked category II and III FPIs (not well-regulated in their countries of origin) to conform to a higher degree of KYC norms in order to curb round tripping of illicit money and strengthen anti-money laundering measures.
13 September 2018
The Cabinet has given approval to the new procurement policy which will ensure that the farmers get the minimum support price (MSP) at a time when the market prices fall below the benchmark prices set by the government.
15 September 2018
HDI was released by the United Nations Development Programme with the findings indicating a glaring inequality in the country though “millions have been lifted out of poverty”.
18 September 2018
“The Future of Jobs 2018” report by WEF predicts that the rise of robotics will result in machines performing more tasks on the job than humans by 2025. It also estimates that while that trend could displace 75 million jobs globally by 2022, it’ll create 133 million new positions.
19 September 2018
The East Asian crisis of 1997 caused a rethink on full capital account convertibility and fixed exchange rates.The Internet bubble and bust of the early 2000s led many to question the impact of new technology on long-term productivity growth.
20 September 2018
Several Centrally Sponsored Schemes (CSS) are just boutique in nature with dubious outcomes, the 15th Finance Commission of the Union Government has noted while calling for urgent rationalisation of the CSSs.
22 September 2018
The market regulator relaxed the norms after considering the interim recommendations of the SEBI working group under the Chairmanship of Harun R Khan, a former deputy governor of the Reserve Bank of India.
23 September 2018
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans upto 10 lakh to the non-corporate, non-farm small/micro enterprises.
26 September 2018
A new study released by Azim Premji University’s Centre for Sustainable Employment named the ‘State of Working India 2018’ confirms the spectre of jobless growth.
28 September 2018
This includes white goods such as air-conditioners, refrigerators and washing machines as well as nonessential items such as gems, travel bags and aviation turbine fuel (ATF).