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Economy Current Affairs

Mukesh Ambani rules Forbes Richest Indian 2019 list for 12th year

Mukesh Ambani tops the Forbes Richest Indian 2019 list while Gautam Adani secured the second position.
1 day ago
Lakshmi Vilas Bank-Indiabulls Housing Finance: RBI rejects proposed merger

Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan: The Reserve Bank of India (RBI) rejected the proposed and much-talked merger plan between Indiabulls housing Finance and Lakshmi Vilas bank.
3 days ago
Global Competitiveness Index 2019: India falls to 68th rank, Singapore replaces US at top

Global Competitiveness Index 2019: India slipped down ten places to be ranked 68th in the annual Global Competitiveness Index 2019.
3 days ago
Cabinet approves 5 percent hike in dearness allowance for central government employees

The dearness allowance/ dearness relief for central government employees and pensioners has been hiked by 5 percent.
3 days ago
Fight against black Money: India receives first tranche of Swiss account under automatic framework

India gets the first tranche of Swiss account: In a major win against black money, India has received account details from Switzerland under the automatic exchange framework.
Oct 7, 2019

RBI Monetary Policy Highlights in 10 Points: cuts Repo rate, lowers GDP forecast

RBI monetary policy: To keep the public and market sentiment high, RBI has cut the Repo rate by 25 bps to 5.15 percent. Subsequently, the Reverse Repo rate reduced to 4.9 percent.
Oct 5, 2019
IRCTC IPO subscribed 112 times: 10 points

IRCTC IPO was subscribed nearly 112 times by the end of the final day of its bidding.
Oct 4, 2019
Forever 21 Bankruptcy: Forever 21 files for Chapter 11 bankruptcy protection, Indian stores safe

Forever 21 Bankruptcy: "Forever 21 India will not be impacted," announced the brand's Indian franchise partner, Aditya Birla Fashion and Retail Ltd.
Oct 1, 2019
IRCTC IPO: 10 things to know

IRCTC IPO has hit the primary market today via a Rs 645-crore initial public offer. The IRCTC IPO closes on October 3.
Sep 30, 2019
PM Narendra Modi pitches for India's NSG membership

PM Narendra Modi pitched for India’s membership in the Nuclear Suppliers Group during an interactive session at the Global Business Forum.
Sep 26, 2019

PMC Bank: RBI eases withdrawal norms, maximum limit capped at Rs 10000

PMC Bank: RBI eases withdrawal limits, PMC Bank account holders can now withdraw up to Rs 10,000 from any of their accounts.
Sep 26, 2019
US-India will have trade deal soon: US President Donald Trump

US-India Trade Deal: US President Donald Trump, while addressing to media with India's PM Narendra Modi, said that US and India will soon have a trade deal.
Sep 25, 2019
Historic Corporate Tax Rate Cut to 22%: One of the lowest tax rates among other Countries

India’s Corporate Tax Rate reduced to 25.17% inclusive of cess and surcharge. It is one of the lowest corporate tax rates that puts India at par with other countries from South Asian and South-East Asia Regions. Know all the details here.
Sep 20, 2019
Nifty registers biggest single-day gain in 10 years, as FM Nirmala Sitharaman announces major tax relief

Nifty registered its biggest single-day gain in ten years by crossing 11,000 and Sensex also rose past 1,900 points.
Sep 20, 2019
Nirmala Sitharaman press conference: Corporate tax rates slashed, enhanced surcharge not applicable on capital gains

Nirmala Sitharaman press conference: The Finance Minister has proposed to slash corporate tax rate for domestic companies and new domestic manufacturing companies.
Sep 20, 2019

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