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Economy

Parliament passes law banning unregulated deposit schemes

July 30, 2019July 30, 2019 - by Abdul

Parliament has passed the Banning of Unregulated Deposit Schemes Bill 2019. The bill provides for a comprehensive mechanism to ban unregulated deposit schemes and to protect the interests of depositors. …

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Economy

Govt announces welfare board for traders

July 30, 2019July 30, 2019 - by Abdul

Commerce and industry ministry has notified the setting up of a ‘National Traders Welfare Board’. The main objectives of the board will include (a)suggesting simplifications of rules (b)reducing the compliance …

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Economy

7th Economic Census begins from Tripura

July 30, 2019 - by Abdul

Government has started the 7th Economic Census from the north eastern state of Tripura. The census aims to get a complete count of all economic units in the country.The census …

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Economy

SEBI should handle proxy firms’ disputes’

July 30, 2019July 30, 2019 - by Abdul

Securities and Exchange Board of India(SEBI) had set up a working group on issues related to proxy advisors in 2018.The group was headed by Sandeep Parekh. Proxy adviser is a …

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Economy

Rajya Sabha clears changes to Insolvency Code

July 30, 2019July 30, 2019 - by Abdul

The Rajya Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2019. The Bill amends the Insolvency and Bankruptcy Code,2016.The Code provides a time-bound process for resolving insolvency in …

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Economy

Govt panel says foreign firms need not mirror personal data in India

July 29, 2019July 29, 2019 - by Abdul

Recently,a high-level government panel has decided to do away with the need for foreign firms to store a copy of all personal data within India. But the panel has said …

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Economy

Rural ministry to focus on 3-5 lakh women SHGs to scale up enterprises

July 29, 2019July 29, 2019 - by Abdul

Ministry of Rural Development(MoRD) has decided to focus on select 3-5 lakh women Self Help Groups(SHGs) with a view to convert their nano enterprises into micro enterprises. This Initiative is …

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Economy

36th GST Council Meeting

July 28, 2019July 29, 2019 - by Abdul

The 36th GST Council Meeting was recently held under the chairmanship of Union Finance Minister. The GST Council has decided to reduce Goods and Services tax(GST) rate on electrical vehicles(EVs) …

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Economy

Explained: Lok Sabha has passed amendments to The Companies Act. Here’s what they are

July 27, 2019July 27, 2019 - by Abdul

Lok Sabha has passed The Companies (Amendment) Bill, 2019.The Bill seeks to amend The Companies Act,2013. Under the 2013 Act,there were 81 compoundable offences that carry punishments of a fine …

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Economy

Ambedkar Hastshilp Vikas Yojana

July 27, 2019 - by Abdul

Union Minister of Textiles has informed Lok Sabha about the Ambedkar Hastshilp Vikas Yojana(AHVY). The Government had launched the Ambedkar Hastshilp Vikas Yojana (AHVY) in the year 2001-2002. The objective …

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