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Government hikes import duty on non-palm oils by 5-10%

June 15, 2018

The Central Board of Indirect Taxes and Customs (CBITC) under Finance Ministry has raised import duty by 5-10% on non-palm edible oils, both crude and refined ones, in order to protect interest of domestic oilseeds growers and processors. Key Facts ..

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SEBI constitutes Expert Committee frame rules for direct listing of Indian firms abroad

June 13, 2018

The market regulator Securities and Exchange Board of India (Sebi) has constituted an expert committee to recommend suitable framework to allow direct listing of Indian companies overseas bourses while also allowing overseas companies to list directly on Indian bourses. Terms ..

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SEBI constitutes Group to review Institutional Trading Platform (ITP) framework

June 13, 2018

Market regulator Securities and Exchange Board of India (SEBI) has constituted Group to look into existing Institutional Trading Platform (ITP) framework and suggest measures to facilitate listing of startups. Its members include representatives from Indian Software Product Industry Round Table ..

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Credit Enhancement Fund: Government to launch Rs.500 crore fund

June 12, 2018

Union Government is going to launch Rs.500 crore Credit Enhancement Fund (CEF) in July 2018 to facilitate infrastructure investments by insurance and pension funds. The CEF provides additional source of assaurance or gaurantee that borrower will service their loan. It ..

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India mulls new group of 8-10 countries in WTO

June 11, 2018

India is considering bringing together group of 8-10 member countries of World Trade Organisation (WTO) to prepare agenda for creation of conducive atmosphere to ensure smooth functioning of the global trade body. Key Facts It would be an informal group ..

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FDI in India rises to US $61.96 billion in 2017-18: DIPP

June 9, 2018

According to Department of Industrial Policy & Promotion (DIPP), foreign direct investment (FDI) in India increased to US $61.96 billion in 2017-18. FDI inflow in previous fiscal was US $60 billion. In last four years perod, FDI inflows has jumped ..

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Core industries register 4.7% growth in April 2018

June 1, 2018

According to index of eight core industries released by Ministry of Commerce and Industry, eight core infrastructure sectors grew by 4.7% higher in April 2018. It was driven by healthy performance in segments like coal, natural gas and cement. Sector ..

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Swadeshi Samriddhi SIM cards: Baba Ramdev’s Patanjali ties up with BSNL

May 29, 2018

Baba Ramdev’s Patanjali has tied up with state owned Bharat Sanchar Nigam Ltd (BSNL) to launch Swadeshi Samriddhi SIM cards. With this, India’s most trusted Fast Moving Consumer Goods (FMCG) brand has entered in to telecom sector after gaining popularity ..

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