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Economy Current Affairs

Current Affairs in: हिंदी

GST, bank balance sheet problems pushed India’s economic growth downward: UN report

May 8, 2018
As per the UN report, India’s economic growth was pushed downward in 2017 due to the implementation of the Goods and Services Tax (GST) as well as due to issues such as bank balance sheet problems.

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India tops list of fastest growing economies for coming decade: Harvard study

May 6, 2018
According to the latest report by Harvard University, India tops the list of the fastest growing economies in the world for the coming decade and is projected to grow at 7.9 per cent annually, ahead of even China and the United States.

GST Council approves conversion of GST Network into government holding

May 5, 2018
The Goods and Services Tax (GST) Council has approved ownership change of GST Network (GSTN) structure into a government holding. The council approved converting of the firm providing IT backbone to the Goods and Services Tax (GST) into a government-owned entity from being a private company.

GST Council approves simplified return filing process

May 4, 2018
Return will be simplified by reducing the amount of information required to be filled in the return. Government aims to introduce the simplified return design at the earliest to reduce the compliance burden on the trade.

India slips to 11th spot in AT Kearney FDI Confidence Index 2018

May 4, 2018
As per the report, Investors, based in the US, rank India the highest in terms of intention to invest. This could be a result of PM Modi’s ‘Make in India’ initiative, which aims to boost investment in India’s manufacturing sector.

India received highest remittances of USD 69 billion in 2017: World Bank

Apr 24, 2018
The top remittance recipients were India with USD 69 billion, followed by China at second (USD 64 billion), the Philippines at 3rd (USD 33 billion), Mexico at 4th (USD 31 billion), Nigeria at 5th (USD 22 billion) and Egypt at 6th (USD 20 billion).

President promulgates Fugitive Economic Offenders Ordinance

Apr 23, 2018
President Ram Nath Kovind has promulgated the Fugitive Economic Offenders Ordinance, which will allow the government to confiscate properties and assets of loan defaulters who flee the nation. The Fugitive Economic Offenders Bill was introduced in the Lok Sabha on March 12, but it could not be taken up for discussion due to disruptions in the house over various issues.

55 percent of all new bank accounts in the world opened from India: Global Findex Report 2017

Apr 23, 2018
Despite having a relatively high account ownership, India claims a large share of the global unbanked population, after China. Over 190 million Indian adults still do not have a bank account.

India to set up natural gas trading hub

Apr 16, 2018
The Union Government plans to set up a natural gas trading hub to boost consumption of natural gas in India. The hub would be used for the trade and supply of natural gas through a market-based mechanism instead of multiple formula driven prices.

Indian economy has recovered from impact of demonetisation, GST: World Bank Report

Apr 16, 2018
India’s growth decelerated during the most of 2016. The withdrawal of currency from circulation (demonetisation) in November 2016 and the introduction of the Goods and Services Tax regime added to the slowdown in the economy.

RBI directs banks to stop services to businesses dealing in virtual currencies

Apr 6, 2018
The Reserve Bank of India has directed all the entities regulated by it including banks to stop providing services to businesses dealing in virtual currencies such as bitcoin, in order to protect consumer interest and check money laundering.

Panel set up to examine tax evasion risks posed by super rich

Apr 6, 2018
The Central Board of Direct Taxes has set up an internal working group to examine the taxation aspects of high net worth individuals (HNWIs). There has been a trend of HNWIs migrating from their country of residence to other jurisdictions, which poses a substantial tax risk, as they may treat themselves as non-residents for taxation purposes.

RBI releases First Bi-monthly Monetary Policy Statement 2018-19

Apr 5, 2018
The retail inflation based on the Consumer Price Index (CPI) fell to 4.44 percent in February 2018 from 5.07 percent in January 2018.

Government launches Digital Initiative for Ease of Export

Apr 4, 2018
Digital initiatives will boost India’s potential for agricultural and food export.

Total subscribers under under Atal Pension Yojana crosses 97 lakh

Apr 3, 2018
The subscriber base of Atal Pension Yojana (APY) stood at 97.05 lakh at the end of the 2017-18 fiscal, a tad lower than the target of 1 crore set by the pension regulator PFRDA.

E-way Bill System rolled out in India

Apr 2, 2018
The Central helpdesk of GST has made special arrangements with 100 agents to answer queries of taxpayers and transporters related to e-way Bills.

Top Cabinet Approvals: 29 March 2018

Mar 29, 2018
The Union Cabinet approved signing of the Memorandum of Understanding (MoU) between India, United Kingdom and Northern Ireland regarding cooperation and Exchange of Information for the purposes of combating international criminality and tackling serious organised crime.

NITI Aayog releases baseline ranking of Aspirational Districts

Mar 29, 2018
The NITI Aayog has launched the baseline ranking for 101 aspirational districts based on 49 indicators across several sectors including health and nutrition, education, agriculture and water resources, financial inclusion, skill development and basic infrastructure.

SEBI accepts most of recommendations of Uday Kotak Committee on Corporate Governance

Mar 29, 2018
One of the major recommendations of the committee was to separate the post of CEO or MD and Chairperson of the listed companies.

EPFO launches portal for pensioners

Mar 28, 2018
The Employees' Provident Fund Organisation has launched a new portal for pensioners, through which EPFO pensioners would be able to the details of pension-related information. The portal will assist users with details such as pension payment order number, payment order details, passbook information and other related information.

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