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Cabinet approves amendments to FDI Policy
The Union Cabinet has approved number of amendments to Foreign Direct Investment (FDI) Policy. The purpose of amendments is to simplify and liberalise FDI policy in India to provide ease of doing business in country. The liberalized policy will lead ..
Month: Current Affairs - January, 2018
World Bank Report projects 7.3% growth for India in 2018
The 2018 Global Economics Prospect (GEP) released by the World Bank has projected India’s growth rate to 7.3% in 2018 and 7.5 for the next two years i.e. 2019 and 2020. According to report, India, despite initial setbacks from demonetisation ..
Month: Current Affairs - January, 2018
Gujarat tops in Logistics Ease Across Different States index
Gujarat has topped among 22 states in the Logistics Ease Across Different States (LEADS) index released by Union Ministry of Commerce & Industry. It was released by Union Minister of Commerce & Industry Suresh Prabhu after the third meeting of ..
Month: Current Affairs - January, 2018
Forex Reserves scale record high of $409.366 billion in December 2017
According to Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserves have scaled to fresh record high of $409.366 billion as on December 29, 2017. The surge was due to massive spike in foreign currency assets, which is key ..
Month: Current Affairs - January, 2018
Government launches 7.75% Savings (Taxable) Bonds 2018
The Union Finance Ministry has launched 7.75% Savings (Taxable) Bonds, 2018 scheme to help citizens invest in a taxable instrument, without any monetary ceiling. It will enable resident citizens/Hindu Undivided Families (HUF) to invest in a taxable bond, without any ..
Month: Current Affairs - January, 2018
Parliament passes Insolvency and Bankruptcy Code Amendment Bill, 2017
Parliament has passed Insolvency and Bankruptcy Code (Amendment) Bill, 2017 after it was passed by both the houses. The Bill amends Insolvency and Bankruptcy Code (IBC), 2016, and replaces Ordinance promulgated in November 2017 to pave way for tightening loopholes ..
Month: Current Affairs - January, 2018
Core sectors' record 6.8% growth in November 2017
According to the data released by the Commerce and Industry Ministry, the eight core sectors expanded at fastest pace in more than year at 6.8% in November 2017. These eight industries — coal, crude oil, natural gas, refinery products, fertilisers, ..
Month: Current Affairs - January, 2018
Lok Sabha passes Insolvency & Bankruptcy Code Amendment Bill, 2017
The Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill 2017 to pave the way for tightening loopholes in existing code and to make resolution process more effective. The Bill amends the Insolvency and Bankruptcy Code (IBC), 2016, ..
Month: Current Affairs - December, 2017
India to become fifth largest economy in 2018: Report
According to recently released report titled 2018 World Economic League Table, India is set to overtake the United Kingdom and France to become the world’s fifth largest economy in 2018. The report was released by Centre for Economics and Business ..
Month: Current Affairs - December, 2017
Government to roll out Condonation of delay scheme
The Union Ministry of Corporate Affairs (MCA) is going to roll out Condonation of Delay Scheme to provide a three-month window for defaulting companies and their director to submit their annual filings. It will be operational from January 1 to ..