The Reserve Bank of India (RBI) on December 26, 2018 constituted a six-member committee under the chairmanship former RBI Governor Bimal Jalan (Governor of RBI between November 1997 and September 2003) to review the economic capital framework of the central Read More …
Category: Economy
Odisha Government launches KALIA scheme to accelerate agricultural prosperity
The Odisha Government on December 21, 2018 approved the KALIA (Krushak Assistance for Livelihood and Income Augmentation) scheme to accelerate agricultural prosperity in the State and to reduce poverty. According to the Odisha Chief Minister Naveen Patnaik, it is progressive, Read More …
Gujarat Ranked Best Performer in first ever Startup Ranking 2018
The Department of Industrial Policy and Promotion (DIPP) on December 20, 2018 announced results of the first ever States’ Start-up Ranking 2018 in New Delhi today. DIPP began this exercise from January, 2016. States have been identified as leaders Read More …
Korean Won (WON) and Turkish Lira (TRY) included in the List of Currencies for Exchange Rate
Under Section 14 of the Customs Act, 1962, the Central Board of Indirect Taxes and Customs (CBIC) notifies the Rate of Exchange for the purpose of conversion of foreign exchange to Indian Rupees (INR) and vice versa for assessment of Read More …
Steps to increase female labour participation rate
According to the Union Government, the decline in female work force participation rate may be attributed to factors like increased educational attendance and higher level of participation in education and insufficient formal wage employment opportunities etc. Government has been targeting Read More …
Nitin Gadkari flags off first container mainline vessel at Tuticorin
Shri Nitin Gadkari, Union Minister for Shipping and Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenation on December 12, 2018 flagged off the first container mainline vessel from VoC Port (Tuticorin Port) along with Shri Edappadi K. Read More …
Radha Mohan Singh launches online portal “ENSURE”
Union Minister of Agriculture and Farmers’ Welfare Shri Radha Mohan Singh launched a portal ENSURE- National Livestock Mission-EDEG developed by NABARD and operated under the Department of Animal Husbandry, Dairying & Fisheries on December 11, 2018. On this occasion, he Read More …
Indian Ports Association Launches ‘PCS 1x’
Indian Ports Association (IPA), under the guidance of Ministry of Shipping launched the Port Community System ‘PCS1x’. ‘PCS 1x’ is a cloud based new generation technology, with user-friendly interface. This system seamlessly integrates 8 new stakeholders besides the 19 existing Read More …
Former Finance Secretary Shaktikanta Das appointed new RBI Governor
A day after Urjit Patel resigned from his post as the Governor of Reserve Bank of India with immediate effect citing personal reasons, Former Economic Affairs Secretary Shaktikanta Das has been appointed as the 25th Governor of the apex bank Read More …
Innovators Growth Platform for listing of start-ups
Indian capital markets regulator SEBI has taken many steps to kickstart listing of start-ups in India in a big way which include a slew of relaxations for new-age ventures. The proposed changes include renaming the Institutional Trading Platform that the Read More …
Krishnamurthy Subramanian appointed as new Chief Economic Advisor
The Central Government on December 7, 2018 appointed Dr Krishnamurthy Subramanian as the new Chief Economic Advisor. Dr Subramanian will have a tenure of three years. The Appointments Committee of the Cabinet has cleared his name. He is currently working Read More …
Cabinet approves Agriculture Export Policy, 2018
The Union Cabinet on December 6, 2018 approved the Agriculture Export Policy, 2018. The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the nodal Department with representation from various line Ministries/Departments and Read More …
Kolkata-Patna becomes India’s second container cargo sector on Inland Waterways
After the success of container cargo being shipped from Kolkata to Varanasi earlier this year, Bihar’s capital Patna will be witness to a new landmark in India’s Inland Water Transport (IWT) sector with 16 TEUs of container cargo (equivalent to Read More …
Policy Commission Meeting of the World Customs Organization
The 80th Session of the Policy Commission Meeting of the World Customs Organization (WCO) which concluded in Mumbai on December 5, 2018, discussed among others, the issue of menace of illicit financial flows, including Trade Based Money Laundering and ways Read More …
Ministry of Finance releases Discussion Paper entitled “3 Essential “S”s of Climate Finance
Department of Economic Affairs, Ministry of Finance, released a Discussion Paper entitled “3 Essential “S”s of Climate Finance – Scope, Scale and Speed: A Reflection” on the sidelines of COP 24 to UNFCCC at Katowice, Poland. The Discussion Paper examines analytically the Read More …