IIP hits 7-month low
Industrial output growth, however, slipped to a seven-month low of 3.2 per cent in May due to weaker growth in manufacturing, intermediate and consumer non-durables, Central Statistics Office data showed.
SME IPOs may get more anchor investment
The Securities and ExchangeBoard of India (SEBI) recently took a decision to reduce the minimum anchor allocation size in initial public offers (IPOs) by small and medium enterprises (SMEs).
The decision has come as a shot in the arm for the segment
Andhra Pradesh top ranker in Ease of Doing Business
Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, released the final rankings of States in Ease of Doing Business.
Higher MSP may spur inflation
As per the DBS report, the government’s decision to hike MSP for kharif crops is expected to impact GDP by by 0.1-0.2% besides adding to inflationary pressures.
Recapitalization extension to Regional Rural Banks upto 2019-20
The Union Cabinet has approved the extension of the scheme of recapitalization of Regional Rural Banks (RRBs) for the next three years i.e. upto 2019-20.
Tariff’s cut under APTA
The Centre has implemented the tariff concessions agreed to under the Asia Pacific Trade Agreement (APTA) by cutting duties on the import of 3,142 items from the signatories to the accord, including China.
Fall in the FDI growth rate
According to the latest data of the Department of Industrial Policy and Promotion (DIPP), FDI in 2017-18 grew by only 3 per cent to USD 44.85 billion.
Rise in FPI outflows
Overseas investors have pulled out nearly Rs 48,000 crore from Indian capital markets in the first six months of 2018.
FATF hands 10-point plan to Pak.
Unanimously agreeing to put into effect its February decision to place Pakistan in the grey list for inaction against terror funding, the Financial Action Task Force (FATF) has laid out a 10-point action plan for compliance with its guidelines.
First government blockchain centre likely in Hyderabad
The Centre is considering a proposal to set up a Centre of Excellence for blockchain technology in Hyderabad to drive innovation.