Industrial production growth slips to 2% in June
India’s Index of industrial production(IIP) has slowed down to 2% in June,2019. The growth was pulled down by a sharp decline in the output of mining and manufacturing sectors. IIP …
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Home buyers can start bankruptcy cases against errant builders
The Supreme Court has upheld the amendments made to the Insolvency and Bankruptcy Code(IBC) that classified homebuyers as financial creditors. The verdict came on a petition filed by builders who …
Read MoreUNIDO and National Institute of Solar Energy to partner for skill development program
National Institute of Solar Energy(NISE) and the United Nations Industrial Development Organization(UNIDO) has signed an agreement to initiate a skill development programme for different levels of beneficiaries in the solar …
Read MoreLinking farmers with futures market can benefit both
Recently,Indian Council for Research on International Economic Relations(ICRIER) has recommended the government to empower farmer producer organisations(FPOs) to trade in the commodities futures market. This was suggested as the government …
Read MoreRBI task force against Indian banks dealing in offshore NDF rupee market
The Reserve Bank of India(RBI) had set up an eight member committee on offshore rupee market.The committee was headed by Usha Thorat.It has submitted its report to the RBI Governor. …
Read MoreIndia emerges second largest scrap importer
India has emerged as the world’s second largest scrap importer.Turkey is still the world’s largest recycler and scrap importer of the world. According to the data,the scrap imports have increased …
Read MoreRBI to set up central registry for tracking frauds in payment systems
The Reserve Bank of India has announced the creation of a central payments fraud information registry.The registry would ensure a quick and systemic response in cases of financial frauds. At …
Read MoreCBDT eases plight of start-ups with pending angel tax cases
The Central Board of Direct Taxes(CBDT) has issued a circular on angel taxes on start ups. The circular has instructed income tax officers that registered start up companies that have …
Read MoreAndhra govt to host international trade meet on August 9
Andhra Pradesh will host its first international trade and investment meeting on August 9. The event is being organised in collaboration with the Ministry of External Affairs The meet aims …
Read MoreRBI lowers repo rate by 35 basis points to 5.40%
The Reserve Bank of India’s (RBI) monetary policy committee (MPC) has lowered its repo rate by 35 basis points to 5.4%.Repo stands for ‘Repurchasing Option’.It refers to the rate at …
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