Manufacturing PMI slows in December

Manufacturing Purchasing Managers’ Index (PMI) slowed down a bit to 53.2 in December 2018 as against 54 in November 2018. This index is...

Govt extends import restrictions on peas

The commerce ministry extended the import restrictions on peas for another three months till 31 March 2019. Such measures help in curbi...

Economy and Business ( 24-29 Dec 2018)

The RBI constituted a six-member committee, headed by former RBI Governor Bimal Jalan, to review the ‘Economic Capital Framework’. The ...

Export incentives for onion farmers doubled

The government of India has doubled the export incentives for onion farmers from the existing 5% to 10%. The export incentive for fresh...

PSBs approve loans worth over Rs 37,400 cr

Public Sector Banks (PSBs) approved more than 1.12 lakh loan applications of MSMEs worth of 37,412 crore rupees under the ’59 minutes’ ...

Cabinet nod for easing CRZ norms

The Union Cabinet on Friday approved relaxation in various norms including the clearance of projects or activities falling in the Coasta...

Indian Oil, ONGC, & NTPC most profitable PSUs

The Public Enterprises Survey 2017-18, Indian Oil Corporation, ONGC, and NTPC emerged as the top three most profitable Public Sector Und...

India announced financial assistance to Bhutan

India announced Rs. 4,500 crore financial assistance to Bhutan for its 12th five-year plan. The announcement was made after the Indian...

Centre tightens rules for selling online

The government of India said that e-commerce companies would be barred from selling products sourced from firms in which they have the s...

Nepal caps expenditure of its citizens

On 25 December 2018, Nepal imposed a monthly limit on the amount of Indian currency its citizen can spend in India. Nepali citizen wo...

Investment through P-notes rises in November

Investments in the Indian capital market through Participatory notes (P-notes) increased to Rs 79,247 crore in November 2018. P-notes ...

Business and Economy (17-22 Dec 2018)

IDFC Bank completed the merger process with Non-Banking Financial Company ‘Capital First’ on 18 December 2018. The RBI will increase th...

Suresh Prabhu conferred with Skoch Award 2018

Commerce and Industry Minister Suresh Prabhu was conferred the ‘Skoch Golden Jubilee Challenger Award 2018’ on 22 December 2018. He w...

CII Global SME Business Summit held in Delhi

The 15th edition of the ‘CII Global SME Business Summit’ was held in New Delhi on 19-20 December 2018. It was organised by the Minist...

Consumer Protection Bill passed in Lok Sabha

On 20 December 2018, Lok Sabha passed the Consumer Protection Bill, 2018 that seeks to replace the Consumer Protection Act, 1986. The...

Startup Ranking 2018 released by DIPP

The National Report on States’ ‘Startup Ranking 2018’ was unveiled by Department of Industrial Policy and Promotion (DIPP), Ministry of ...

Economics & Business(10-15 Dec 2018)

As per the RBI, the Current Account Deficit (CAD) widened to 2.9% of GDP for the July-September quarter. As per the UN Economic and Soc...

4 Indian PSUs in top 100 arms producers

As per the Stockholm International Peace Research Institute’s (SIPRI) latest rankings, four Indian companies figure among the world’s to...

Govt of India to set up NMDPC under DIPP

The government of India announced setting up of a ‘National Medical Devices Promotion Council’ (NMDPC) under the Department of Industri...

RBI imposes 1 cr fine on Indian Bank

The Reserve Bank of India imposed a fine of Rs 1 crore on Indian Bank for violating cybersecurity norms on 11 December 2018. This penal...