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India is 6th wealthiest country in the world

May 21, 2018

According to AfrAsia Bank Global Wealth Migration Review, India is the sixth wealthiest country in the world with total wealth of $8,230 billion. US is richest nation globally with total wealth of $62,584 billion. Total wealth refers to private wealth ..

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India drags US to WTO over imposition of duties

May 20, 2018

India has dragged United States (US) to World Trade Organisation’s (WTO) Dispute Settlement Mechanism over imposition of import duties on steel and aluminium. India stated that decision will of imposition of import duties impact its exports of these products to ..

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National Mineral Development Corporation wins 2018 S&P Global PLATTS Global Metals Award in CSR category in London

May 20, 2018

The National Mineral Development Corporation (NMDC Ltd) has bagged the S&P Global Platts Global Metals Award 2018 in the corporate social responsibility category at London Grosvenor Square Marriott Hotel in the UK. This is the first time since inception of ..

Commerce Ministry establishes Directorate General of Trade Remedies  

May 18, 2018

Union Ministry of Commerce and Industry issued notification for creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce. In this regard amendments were made in Government of India (Allocation of Business) Rules, 1961. Directorate General of Trade ..

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India's economy is projected to grow 7.6% in 2018-19: UN WESP

May 18, 2018

According to UN World Economic Situation and Prospects (WESP), India’s economy is projected to grow 7.6% in fiscal year 2018-19, making it fastest growing economy in the world. GDP growth in India is expected 7.5 and 7.6% in fiscal years ..

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RBI tweaks norms for setting up of IFSC Banking Units

May 18, 2018

The Reserve Bank of India (RBI) has modified norms for setting up International Financial Services Centres (IFSC) Banking Units (IBUs) by banks in IFSCs. In April 2015, RBI had formulated scheme for setting up of IFSC IBUs by banks in ..

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BSE becomes first Indian stock exchange to get US SEC’s DOSM recognition

May 17, 2018

BSE Ltd (earlier known as Bombay Stock Exchange) became first Indian exchange to be designated as Designated Offshore Securities Market (DOSM) by United States Securities and Exchange Commission (US-SEC). Key Facts DOSM status will allow sale of securities to US ..

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Atal Pension Yojana’s subscriber base crosses 1 crore mark: PFRDA

May 16, 2018

According to Pension Fund Regulatory and Development Authority (PFRDA), the subscriber base of Atal Pension Yojana (APY) has crossed 1 crore subscribers mark since its launch in May 2015. Till date, the scheme has collected Rs. 3,950 crore of contribution ..

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