Lok Sabha passes Consumer Protection Bill 2019
The Lok Sabha unanimously passed the Consumer Protection Bill 2019, which seeks to wholly replace the Consumer Protection Act 1986.
Changes to Insolvency Code
The Rajya Sabha approved amending the three-year-old Insolvency and Bankruptcy Code (IBC).
Bond yields fell down
Government bonds yields dropped sharply after Finance Minister clarified that there was no rethinking on issuing sovereign bonds to raise funds from abroad.
RCEP
Union Commerce and Industries Minister Piyush Goyal met with representatives from various Export Promotion Councils ahead of RCEP ministerial talks.
Delhi HC gives relief for companies in anti-profiteering probe
The Delhi High Court has provided relief to Reckitt Benckiser India Private Limited by ordering an interim stay on the notice issued by the Director General of AntiProfiteering (DGAP).
Overseas sovereign bond issue
The Prime Minister’s Office (PMO) wants the finance ministry to reassess the idea of issuing foreign currency overseas sovereign bonds.
Pradhan Mantri Laghu Vyapari Maan-dhan Yojana
The labour ministry notified the pension scheme ‘Pradhan Mantri Laghu Vyapari Maan-dhan Yojana’ for small traders.
U.S. to effect steep hike in EB-5 charges
The United States Citizenship and Immigration Services is all set to raise the threshold investment level for EB-5 visa.
IMF projects slower growth rate for India
The International Monetary Fund (IMF) has cut India’s growth forecast for 2019-20 to 7% from its forecast in April of 7.3% on poor demand conditions.
Panel favours cryptocurrency ban in India
A committee set up by the government on virtual currencies has proposed banning of private cryptocurrencies in India.