Recently, India utilized the Agreement on Import Licensing Procedures (ILP) under the World Trade Organization (WTO) to limit imports of personal computers, laptops, and tablets. The new regulations mandate companies to obtain licenses from the Directorate General of Foreign Trade Read More …
Category: Economy
Oil India and ONGC Videsh upgraded to Maharatna and Navratna categories respectively
The Union Finance Ministry on August 3 upgraded two oil sector companies, Oil India and ONGC Videsh, to Maharatna and Navratna categories of central public sector enterprises (CPSEs), respectively. Oil India Ltd: Upgraded to Maharatna ONGC Videsh Ltd: Upgraded to Read More …
Mines and Minerals (Development and Regulation Amendment) Bill, 2023
The Lok Sabha on July 28 passed the Mines and Minerals (Development and Regulation Amendment) Bill, 2023. Key points
Non-basmati white rice export ban
The International Monetary Fund (IMF) has encouraged India to remove export restrictions on non-basmati rice. Key points
Govt. allows Indian companies to list on foreign exchanges through IFSC
India companies can list their shares directly on foreign exchanges at the International Financial Services Centre (IFSC) in Gujarat International Financial Tech (GIFT) City in Gujarat, finance minister Nirmala Sitharaman said on July 28.
Corporate Debt Market Development Fund (CDMDF)
Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Corporate Debt Market Development Fund (CDMDF) in Mumbai on July 28. About CDMDF
Currency notes with * symbol in number panel valid: RBI
The Reserve Bank of India (RBI) has clarified that currency notes with Star (*) symbol inserted in the number panel are valid.
e-FAST-India’s first electric freight platform
Prominent manufacturing companies and logistics service providers in India have come together to express a demand for 7,750 electric freight vehicles by 2030.
Advance Authorisation Scheme
Directorate General of Foreign Trade (DGFT) implements the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes. Key points
CRCS-Sahara Refund Portal
Union Home Minister and Minister of Cooperation, Shri Amit Shah Shah launched the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal.
First ever “Credit Guarantee Scheme” for Livestock Sector launched
Department of Animal Husbandry & Dairying, Ministry of Fishries, Animal Husbandry and Dairying is implementing the Credit Guarantee Scheme under Animal Husbandry Infrastructure Development Fund (AHIDF).
National Multidimensional Poverty Index: A Progress Review 2023
A record 13.5 crore people moved out of multidimensional poverty between 2015-16 and 2019-21 as per NITI Aayog’s Report ‘National Multidimensional Poverty Index: A Progress Review 2023’. Key points
NITI Aayog releases Export Preparedness Index (EPI) 2022
NITI Aayog released the third edition of the report titled ‘Export Preparedness Index (EPI) 2022’ for States/UTs of India on 16th July 2023. Key points
BHARAT campaign launched under Agriculture Infra Fund
The Ministry of Agriculture & Farmers Welfare launched a new campaign for banks under Agri Infra Fund titled BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation). Agriculture Infra Fund (AIF)
Standing Committee on Statistics (SCoS)
The government of India has constituted the Standing Committee on Statistics (SCoS)-a new internal oversight mechanism for official data. It has replaced Standing Committee on Economic Statistics (SCES) set up in late 2019. About Standing Committee on Statistics (SCoS)