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Economy

Explained: What are sovereign bonds, and what are their risks and rewards?

July 25, 2019 - by Abdul

Finance Minister has announced in the Budget that it plans to raise a portion of its gross borrowing from overseas markets using sovereign bonds. A government bond or sovereign bond …

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Economy

Lok Sabha passes Bill to tackle illicit deposit schemes

July 25, 2019July 25, 2019 - by Abdul

The Lok Sabha has passed the Banning of Unregulated Deposit Scheme Bill, 2019. The bill provides for a comprehensive mechanism to ban unregulated deposit schemes and to protect the interests …

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Economy

IMF cuts India’s growth forecast for 2019-20 to 7%

July 24, 2019July 24, 2019 - by Abdul

The International Monetary Fund(IMF) has released the World Economic Outlook report.The report has projected a slower growth rate for India in 2019 and 2020.It has projected that Indian economy will …

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Economy

Government aims to cut patent examination time to six months

July 24, 2019July 24, 2019 - by Abdul

Department for Promotion of Internal Industry and Trade(DPIIT) aims to reduce the time taken to examine patents to six months as part of its five year plan from 18 months …

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Economy

PayPal mulls data localisation for India

July 24, 2019July 24, 2019 - by Abdul

American digital payments player PayPal has said that it is working with its partners on data localisation as mandated by the Reserve Bank of India(RBI). Data localisation is the act …

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Economy

Labour Bills meets with protest

July 24, 2019 - by Abdul

The government has introduced the Code on Occupational Safety, Health and Working Conditions Bill,2019 and the Code on Wages Bill, 2019 in the Lok Sabha. The Code on Wages Bill,2019 …

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Economy

Rise in government borrowings might have triggered NBFC crisis

July 24, 2019July 24, 2019 - by Abdul

RBI Deputy Governor has expressed the possibility that the rise in government borrowings might have led to the asset-liability mismatch in the non-banking financial companies(NBFC) sector. In the case of …

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Economy

Cryptocurrency panel for ban on private digital currencies, jail time of up to 10 years

July 23, 2019July 23, 2019 - by Abdul

Government had constituted a panel to examine all issues related to cryptocurrencies.The panel has drafted a law,‘Banning of Cryptocurrency & Regulation of Official Digital Currency Bill, 2019’. The panel has …

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Economy

China’s NASDAQ style ‘STAR MARKET’

July 23, 2019 - by Abdul

China has launched a new stock market for homegrown technology companies called as Science and Technology Innovation Board or STAR Market.The market is modelled after a NASDAQ system. According to …

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Economy

Piyush Goyal holds ‘marathon’ of consultations with industry players ahead of RCEP meet

July 23, 2019July 23, 2019 - by Abdul

Commerce and Industry minister has met industry bodies to review issues that India would need to keep in mind when continuing deliberations on the Regional Comprehensive Economic Partnership (RCEP) in …

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