Ind-Ra cuts GDP growth forecast in FY20 to 6.7%
India Ratings and Research has revised downwards its projection of the country’s GDP growth in financial year 2019-20 to 6.7% from an earlier estimate of 7.3% The reasons cited for …
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Cabinet eases FDI rules in retail, media
Union Cabinet has eased foreign direct investment(FDI) norms for various industries such as single-brand retail, coal mining, contract manufacturing and digital media. The changes in FDI policy will result in …
Read MoreJalan panel proposes change in RBI accounting year, transparent accounts
The Reserve Bank of India(RBI) has accepted the Bimal Jalan panel recommendations.It was set up to review the RBI’s economic capital framework. The economic capital framework reflects the capital that …
Read MoreOpen Market Operations(OMO)
The Reserve Bank of India (RBI)’s surplus for 2018-19 was higher than the surplus in recent years.This was due to the large amount of open market operations(OMOs) conducted by the …
Read MoreCabinet nod for sugar export subsidy
Cabinet Committee on Economic Affairs(CCEA) has approved sugar export subsidy for 2019-20. This move is aimed at countering the surplus sugar stock’s impact on prices.The lower sugar prices would make …
Read MoreCabinet to consider relaxing FDI norms in single brand retail, digital media
The Union Cabinet is considering proposal to relax foreign direct investment (FDI) norms in several sectors. The sectors include (a)single-brand retail (b)digital media (c)coal mining and (d)contract manufacturing. In the …
Read MoreReview capital framework every five years, says Jalan Committee
RBI had constituted a panel on economic capital framework to address the issue of RBI reserves.The panel was headed by Bimal Jalan. Economic capital framework refers to the risk capital …
Read MoreE-commerce guidelines to be mandatory under consumer protection law
The government has decided to make the draft e-commerce guidelines mandatory under the new Consumer Protection Act,2019. The E commerce guidelines will be applicable on all business to consumer(B2C) e-commerce …
Read MoreDirect Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go
Government had constituted a committee to draft a new direct tax law to replace the existing Income Tax Act,1961.The committee was headed by Akhilesh Ranjan.It has submitted its report to …
Read MoreRBI board approves Rs 1.76 lakh crore transfer to govt
The Reserve Bank of India(RBI) has decided to transfer a sum of 1.76 lakh crore rupees to the government.The surplus transfer was finalised in keeping with the recommendations of a …
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