The Confederation of Indian Industries (CII) and EY has published a report titled ‘Vision — Developed India: Opportunities and Expectations of MNCs’. The report says that, India has the potential to attract Foreign Direct Investment (FDI) flows of $475 billion Read More …
Category: Economy
Mahila Kisan Diwas 2022 Theme
The National Gender Resource Centre in Agriculture (NGRCA), Directorate of Agriculture & Farmers Welfare, Ministry of Agriculture & Farmer’s Welfare in collaboration of National Institute of Agricultural Extension Management (MANAGE) has celebrated ‘Mahila Kisan Diwas’ or ‘International Rural Women Day’ Read More …
PM dedicates 75 Digital Banking Units across 75 districts to the nation
The Prime Minister, Shri Narendra Modi dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation via video conferencing on October 16, 2022. Key points As part of the Union budget speech for 2022-23, the Finance Minister announced Read More …
Global Hunger Index 2022-India calls it ‘erroneous measure of hunger’
India ranked 107 out of 121 countries in the Global Hunger Index 2022. Key points The index has been published by Concern Worldwide and Welthungerlife. India dropped from its previous 101st position last year. At 121, Yemen is last on Read More …
Centre grants infrastructure status to data centres
The Government of India has accorded infrastructure status to data centres with over 5 megawatt capacity of IT load, as per a recent notification. The development helps data centre companies to get easier access to institutional credit at lower rates, Read More …
Commerce Minister launches LEADS 2022 survey report
The Minister for Commerce and Industry also launched the Logistics Ease Across Different States (LEADS) 2022 survey report. About LEADS The LEADS is an indigenous data-driven index to assess logistics infrastructure, services, and human resources across all 36 States and Read More …
RBI announces SOP for interoperable regulatory sandbox
The Reserve Bank of India (RBI) on October 12 announced a standard operating procedure (SOP) for interoperable regulatory sandbox to regulate newer fintech products and services falling in the ambit of more than one regulator. What is regulatory sandbox? A Read More …
RBI allows ARCs to Act as resolution applicants
The Reserve Bank of India (RBI) has allowed asset reconstruction companies (ARCs) to act as resolution applicants under the Insolvency and Bankruptcy Code (IBC). Key points According to revised guidelines released by RBI on October 11, ARCs can operate as Read More …
Cabinet approves amendments in Multi-State Cooperative Societies Act
The Union Cabinet on October 12 approved amendments to the Multi State Cooperative Societies Act (MSCS). The Act was last amended in 2002. The amendments will now be presented during the Winter Session of Parliament. Key points The amendments make Read More …
Global Lighthouse Network
Three manufacturing facilities from India- Cipla’s Indore facility, Dr Reddy’s Laboratories’ Hyderabad facility and the Mondelez facility in Sri City have bagged recognition as part of the Global Lighthouse Network (GLN) by the World Economic Forum (WEF). About Global Lighthouse Read More …
OECD Unveils Crypto-Asset Reporting Framework (CARF)
The OECD on October 10 unveiled the ‘Crypto-Asset Reporting Framework (CARF)’ to provide for the reporting and exchange of information with respect to crypto-assets. Key points The CARF responds to a G20 request that the OECD develop a framework for Read More …
Conference on B20 Indonesia Global Dialogue
Department for Promotion of Industry and Internal Trade (DPIIT) hosted Conference on B20 Indonesia Global Dialogue in partnership with Confederation of Indian Industry (CII) in New Delhi on October 10, with the aim of aligning the perspectives of Indian industry Read More …
India to set up Fast Track Mechanism in UAE
India has decided to set up Fast Track Mechanism in UAE to resolve issues faced by Indian businesses and investors in UAE. Key points Co-chairing the 10th Meeting of the India-UAE High Level Joint Task Force on Investments in Mumbai, Read More …
Pharmexcil suspends Maiden Pharma’s membership
Exporters’ body Pharmexcil (Pharmaceuticals Export Promotion Council of India) suspended the membership of Maiden Pharmaceuticals, the Delhi-based drugmaker facing a probe after the World Health Organization (WHO) red-flagged four products following the death of 66 children in the West African Read More …
2022 Nobel Prize in economics
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 was awarded to Ben S. Bernanke, Douglas W. Diamond, Philip H. Dybvig “for research on banks and financial crises”. Key points The Nobel Prize for Economics-the last Read More …