Finance Minister Nirmala Sitharaman on July 15 underlined the need to improve the effectiveness of Read More …
Category: Economy
FM Sitharaman underlines need to improve effectiveness of G20 Common Framework
Vostro and Nostro accounts
The Reserve Bank of India (RBI) has allowed trade settlements between India and other countries, Read More …
India will stop awarding renewable energy projects via e-reverse auctions
The centre will cease the electronic reverse auction (e-reverse bidding) for renewable energy projects. The Read More …
What is Embedded Value (EV)?
The Life Insurance Corporation of India (LIC) on July 14 reported its embedded value at Read More …
I2U2 Summit unveils $2-bn initiative to tackle food security
Prime Minister Narendra Modi on July 14 said that under the I2U2 Framework, India-Israel-UAE-USA are Read More …
Centre relaxes norms for States’ Off-budget borrowings
The Finance Ministry has relaxed norms for adjusting States’ off-budget loans. Off-budget borrowing done by Read More …
Financial Stability Board (FSB)
The Financial Stability Board (FSB) said on July 11 that it would propose ‘robust’ global Read More …
IDBI Bank-led consortium invokes SARFAESI Act to sell GTL’s secured assets
Banks have invoked the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Read More …
National Fish Farmers Day 2022
National Fisheries Development Board celebrated the 22nd National Fish Farmers Day on July 10 in Read More …
Pine Labs, Razorpay, Stripe get RBI’s payment aggregator licences
Payment providers such as Razorpay, Pine Labs, Stripe, and 1Pay have received in-principle approval from Read More …
Gita Gopinath becomes first woman on IMF’s ‘wall of former chief economists’
Indian-origin Gita Gopinath became the first woman and second Indian to feature on the ‘wall Read More …
What is Quality Infrastructure (QI)?
The Department of Consumer Affairs and German Federal Ministry for Economic Affairs and Climate Action Read More …
Toy imports down by 70%, exports up by 61%
Toy imports in India have declined 70% while exports have increased 61 per cent over Read More …
Hotels, restaurants barred from levying service charge by default
The Union government issued new guidelines on July 4 to deem it illegal for restaurant Read More …
Global Findex 2021 repor
According to the Global Findex 2021 report by the World Bank, India is among seven Read More …
Results of Ranking of States’ Exercise 2021 on support to Start-up Ecosystems declared
The results of the third edition of Ranking of States on Support to Startup Ecosystems Read More …
Govt imposes windfall tax on crude oil production
The Centre on July 1 slapped a windfall tax on domestic crude oil producers, imposed Read More …
Financial Services Institutions Bureau (FSIB) to replace Banks Board Bureau (BBB)
The Government of India has transformed the Banks Board Bureau (BBB) into Financial Services Institutions Read More …
Regulatory framework for Angel Funds to facilitate investments in start-ups
The International Financial Services Centres Authority (IFSCA) had notified the IFSCA (Fund Management) Regulations, 2022 Read More …
Workshop for evaluation of Krishi UDAN 2.0
Ministry of Civil Aviation in collaboration with Federation of Indian Chambers of Commerce and Industry(FICCI) Read More …
What is Extended Fund Facility (EFF)?
Sri Lanka is negotiating with the IMF (International Monetary Fund) to bail its economy out Read More …
PM participates in ‘Udyami Bharat’ programme
The Prime Minister, Shri Narendra Modi participated in the ‘Udyami Bharat’ programme on June 30. Read More …
Cabinet approves Deregulation of Sale of Domestically Produced Crude Oil
The Cabinet Committee on Economic Affairs has approved ‘Deregulation of Sale of Domestically Produced Crude Read More …
What is a transfer payment?
A transfer payment is a one-way payment to a person or organization which has given Read More …
India State Support Programme for Road Safety
The World Bank has approved a $250 million loan to support the Government of India’s Read More …