RBI eases External borrowing norms to enable cheaper funds

The Reserve Bank of India (RBI) has further liberalised External Commercial Borrowings (ECB) Policy by including more sectors in the window in a bid to facilitate cheaper access of overseas funds to Indian companies. Key Facts RBI has stipulated uniform, ..

Month: Current Affairs - April, 2018

Special 301 Report: USTR again places India Priority Watch List

The Office of United States (US) Trade Representative (USTR) has once again placed India on ‘Priority Watch List’ in its annual Special 301 Report on the state of intellectual property protection.  In 2018 Special 301 Report, the USTR has placed ..

Month: Current Affairs - April, 2018

NSE’s India Index Services & Products Ltd launches Nifty equity savings index

The National Stock Exchange’s (NSEs) arm India Index Services & Products Ltd (IISL) has launched Nifty equity savings index that will serve as benchmark for equity saving funds offered by various mutual funds. The index will capture performance of portfolio ..

Month: Current Affairs - April, 2018

Fitch retains India's sovereign rating at 'BBB-' with 'stable' outlook

Global credit rating agency Fitch has kept India’s sovereign rating unchanged at ‘BBB-‘ with stable outlook. This rating is at junk bond or lowest investment grade with stable outlook. A rating upgrade changes profile of country and makes it attractive ..

Month: Current Affairs - April, 2018

Bureau of Indian Standards grants first license for Liquid Chlorine on all India basis

Bureau of Indian Standards (BIS) has granted First Licence to Gujarat Alkalies and Chemicals Ltd for Liquid Chlorine on all India basis as per Indian Standard (IS) 646:1986. This is the First Licence granted on All India basis. The licence ..

Month: Current Affairs - April, 2018

Cabinet approves Long Term Agreements for supply of iron ore to Japan and South Korea

Union Cabinet has approved renewal of long-term agreements (LTAs) for export of iron ore (lumps and fines) of grade +64% Fe content to Japan and South Korea for another five years (2018 to 2023) through state-owned trading firm MMTC. The ..

Month: Current Affairs - April, 2018

CCEA approves Minimum Support Prices for Raw Jute for 2018-19 season

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has given its approval for increase in Minimum Support Price (MSP) for Raw Jute for 2018-19 season. The MSP for Fair Average Quality (FAQ) of Raw Jute ..

Month: Current Affairs - April, 2018

Women Entrepreneurship Platform (WEP)

NITI Aayog launched the Women Entrepreneurship Platform (WEP), on the occasion of International Women’s Day. The initiative is aimed at building an ecosystem for women across India to realize their entrepreneurial aspirations, scale-up innovative initiatives and chalk-out sustainable, long-term strategies ..

Indian Accounting Standards (IND-AS)

Indian Accounting Standard (abbreviated as Ind-AS) is the Accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. ASB is a committee under Institute of Chartered Accountants of ..

i-Create: International Centre for Entrepreneurship and Technology

Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu inaugurated the iCreate centre in Ahmedabad. Called as the International Centre for Entrepreneurship and Technology (iCreate), the venture has been started to promote and nurture entrepreneurs by providing them finance, mentors and ..