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SEBI to bring Initial Coin Offerings using crypto currencies under its lens
The capital market regulator Securities and Exchange Board of India (SEBI) is planning to bring Initial Coin Offerings (ICO) under its existing legal framework. In recent times, popularity of crypto currencies has increased rapidly and number of entities looking at ..
Month: Current Affairs - November, 2017
India's ranks 100th in World Bank's Doing Business Report 2018
In World Bank’s recently released Doing Business (DB) Report 2018 titled as ‘Doing Business 2018: Reforming to Create Jobs’, India leapfrogged to 100th among 190 countries. India has jumped over 30 ranks to attain 100th spot from 130th position in ..
Month: Current Affairs - November, 2017
Core sector growth hits 6-month high of 5.2% in September 2017
According to index of eight core industries released by the Union Ministry of Commerce and Industry, Core sector growth has hit six-month high in September 2017. The core industries comprising of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, ..
Month: Current Affairs - November, 2017
Government inks $200 million Loan Agreement for Assam Agribusiness and Rural Transformation Project
The Union Government and World Bank have signed $200 million Loan Agreement for Assam Agribusiness and Rural Transformation Project. The $200 million loan from World Bank’s International Bank for Reconstruction and Development (IBRD) has a 7-year grace period, and a ..
Month: Current Affairs - October, 2017
MSME Samadhaan: Government launches MSME Delayed Payment Portal
The Union Ministry of Micro, Small & Medium Enterprises (MSME) has launched MSME Delayed Payment Portal – MSME Samadhaan (http://msefc.msme.gov.in). The portal aims at empowering micro and small entrepreneurs across country to directly register their cases relating to delayed payments ..
Month: Current Affairs - October, 2017
11th India-US Trade Policy Forum Meeting held in Washington D.C
The 11th India-United States Trade Policy Forum (TPF) Meeting was held in Washington D.C, capital city of US. It was chaired jointly by Union Minister for Commerce and Industry Suresh Prabhu and US Trade Representative Robert Lighthizer. Both sides held ..
Month: Current Affairs - October, 2017
Start-up Sangam Initiative: Oil companies to back 30 start-ups with Rs 320-crore fund
Ministry of Petroleum and Natural Gas launched Start-up Sangam initiative to develop new business models, marketing plans, technology and innovations in heavy oil and gas industry sector by supporting 30 start-ups. For the same, 10 oil and gas PSUs have ..
Month: Current Affairs - October, 2017
India imposes anti-dumping duty on some stainless steel imports
The Union Finance Ministry (Department of Revenue) has imposed anti-dumping duty on some cold-rolled flat products of stainless steel from China, United States, South Korea and European Union to curb the influx of cheaper imports and help local producers. The ..
Month: Current Affairs - October, 2017
Government announces Bank Recapitalisation Plan to infuse Rs. 2.11 lakh crore capital in PSBs
The Union Government has announced Bank Recapitalisation Plan to infuse Rs. 2.11 lakh crore ( $32.4 billion) capital over next two years into public sector banks (PSBs) and prioritised financing support for MSMEs in 50 clusters. The capital infusion will be ..
Month: Current Affairs - October, 2017
RBI sets up task force for India Public Credit Registry
The Reserve Bank of India (RBI) has constituted high-level task force on public credit registry (PCR) for India. It will be chaired by Y M Deosthalee, former CMD of L&T Finance Holdings Ltd and will have nine other members. Public ..