The Coconut Development Board is organizing celebrations to mark the 24th World Coconut Day on 2nd September. Key Points The main theme of this year is – “Cultivate coconut for a happy life and future”. Union Agriculture and Farmers Welfare Read More …
Category: Economy
ONDC-Beta-testing
After conducting a pilot launch (Alpha testing) in five cities with a closed user group, the government’s Open Network for Digital Commerce (ONDC) will soon open for beta-testing with the public in limited areas. Since April-end, ONDC has been testing Read More …
Development of Enterprises and Services Hub (DESH) Bill, 2022
A Workshop on Development of Enterprises and Services Hub (DESH) Bill, 2022 was organized by Department of Commerce on August 29 in Vanijya Bhawan, New Delhi under the Chairmanship of Shri BVR Subrahmanyam, IAS, Commerce Secretary to have discussion on Read More …
Competitiveness Roadmap for India@100
The Competitiveness Roadmap for India@100 was released by the Economic Advisory Council to the Prime Minister (EAC-PM) on August 30. The roadmap is a part of the India Competitiveness Initiative. Key points The roadmap is a collaborative endeavour between the Read More …
Pradhan Mantri Jan Dhan Yojana (PMJDY) completes eight years
Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completed eight years of successful implementation. Key achievements PMJDY was announced by Prime Minister, Shri Narendra Modi in his Independence Day address on 15th August 2014. While launching Read More …
Former CEA Krishnamurthy Subramanian appointed India’s Executive Director at IMF
The Cabinet’s Appointments Committee has approved former Chief Economic Adviser (CEA) Krishnamurthy Subramanian for the post of Executive Director (India) at the International Monetary Fund (IMF) for a period of 3 years starting November 1, 2022, or until further orders. Read More …
Sebi tightens disclosures requirements for credit rating agencies
The Securities and Exchange Board of India (Sebi) on August 26 enhanced disclosure rules for credit rating agencies (CRAs) and put in place a framework for rating withdrawal of perpetual debt securities. Key highlights The SEBI has tweaked the framework Read More …
Overseas investment (ODI & OPI) rules notified;
The Finance Ministry on August 22 introduced new set of rules for domestic entities, including companies and large family offices and start-ups, opting for overseas direct investment route (ODI), which could impact their acquisition decisions in a big way. Key Read More …
Centre asks edible oil producers to declare net quantity in volume without temperature
Centre has advised the Edible Oil Manufacturers/ Packers/ Importers to declare net quantity on edible oil etc. in volume without temperature in addition to declaring the same in weight. Key highlights They have also been advised by the department of Read More …
Tripartite MoU signed for Multi Modal Logistics Park (MMLP) under Bharatmala Pariyojna
On August 24, the tripartite agreement was signed for swift development of modern Multi Modal Logistics Parks (MMLP) under Bharatmala Pariyojna across the country with an objective to centralize freight consolidation and reduce logistics cost from 14% to less than Read More …
Fertiliser to be sold under single brand name
To bring about uniformity in fertiliser brands across the country, the Ministry of Chemicals and Fertilisers on August 24 issued an order directing all companies to sell their products under a single brand name of ‘Bharat’. Key highlights The Government Read More …
India-Iran Chabahar/Shahid Beheshti port
The Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal visited Chabahar on August 20. Mr. Sonowal reviewed the progress in the work on the terminal and handed over six mobile harbour cranes “to improve efficiency”. In a bid to Read More …
Providing HSN code responsibility of bidder, not tendering authority: Supreme Court
The Supreme Court has set aside an Allahabad high court judgement that had made it mandatory for the tendering authority to mention the relevant harmonised system of nomenclature (HSN) code in tenders so that bidders can know the right goods Read More …
Govt allows investment in financial services abroad
The Union finance ministry on August 23 said that an Indian corporate entity can make a direct investment under an automatic route into a foreign entity involved in financial services activity (except banking and insurance) beyond the prescribed limit in Read More …
Supreme Court quashes prosecution, confiscation of Benami transactions from 1988 to 2016
The Supreme Court on August 23 ruled the amended Benami Act, which came into effect on November 1, 2016, applied only prospectively, besides declaring “unconstitutional” one of the provisions of the law dealing with a three-year jail term and a Read More …