Government analysing FDI data
In order to ensure the enhanced technology transfer, local value-addition and innovation, Centre is analysing foreign direct investment (FDI) inflows to introduce specific provisions in the new industrial policy and the FDI Policy.
Expansion in Credit growth of Industrial sector
The industrial sector witnessed an expansion in credit growth for the first time in 14 months in November 2017 over the same period the previous year, according to the RBI data release.
Government eases FDI norms in AI, SBRT and Real estate
The Union Cabinet tweaked foreign investment rules, eased FDI norms in Air India, Single Brand Retail Trading and In Real Estate among others.
Amended Companies Act notified
Centre announced that it has notified the Companies (Amendment) Act 2017, which is set to ease the implementation of the Insolvency and Bankruptcy Code 2016.
Centre may achieve early completion of ‘BharatNet’
Government said it had laid optical fibre in more than 1 lakh gram panchayats, completing the first phase of the BharatNet project that forms the backbone for the Digital India initiative.
Don’t Divest Government stake in Air India : Panel
The parliamentary panel is likely to tell the government not to divest government stake in Air India, which should be given at least five years to revive and its debt written off.
10% gender gap in Jan Dhan accounts: study
The World Bank’s policy research working paper ‘Making It Easier to Apply for a Bank Account: A Study of the Indian Market’ (2017).
Service sector returned to growth : Nikkei survey
After the contraction in November, services sector activity returned to growth in December
according to a private sector survey.
Government introduced new savings bonds
Government announced the introduction of 7.75% savings bonds designed to help citizens invest in a taxable instrument.
Railways to move towards computarised signalling
Railway minister informed the lok sabha that his department would approach the Union Cabinet soon with a proposal to completely switch over to computerised signalling.