Rupee Depreciation
The Indian rupee hits an over eight-month low of 71.81, against the US dollar.
Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019
In order to eliminating the bulk of pending tax dispute cases, the government has announced a new scheme- Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019.
Startups and Tax holiday
The tax department clarified that only small startups with a turnover of up to ₹25 crore will get tax holiday on fulfilling certain conditions.
SEBI relaxes FPI rules
The markets regulator SEBI eased the regulatory and compliance framework for foreign portfolio investors (FPI).
Approval process for mining leases
The Centre is planning to scrap the need for State governments to take an approval from the Centre prior to granting a mining lease to companies.
Growth in loans by private banks, NBFCs slows
According to a report by Credit Suisse, growth in loans by private banks and non-banking finance companies (NBFCs) has slowed down.
Communication Based Train Control (CBTC)
The Mumbai Rail Vikas Corporation (MRVC) has started preliminary work towards the implementation of the Communication Based Train Control (CBTC) system on the Mumbai suburban network.
PSBs to align with national priorities
The Finance Ministry has asked the PSBs to align themselves to the national priorities.
Corporate tax will be cut gradually: FM
The Finance Minister said corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25%.
Investment in water infra will spur growth
According to the analysts, providing water connections to every household in the country at an estimated capital expenditure of over ₹3 lakh crore is expected to create huge business opportunities for corporates.