Protection of Human Rights (Amendment) Bill 2019
The Rajya Sabha on Monday passed the Protection of Human Rights (Amendment) Bill, 2019.
Centre rejects SEBI plea to amend provision for transferring reserves
Finance Ministry has refused pleas from the SEBI to amend the provision that mandates that about 75% of its surplus be transferred to the Centre’s coffers.
SEBI’s surplus transfer
The government has proposed an amendment to the SEBI Act to transfer surplus money with the Securities and Exchange Board of India (SEBI) to the Consolidated Fund of India (CFI).
Amendments to bankruptcy code
The Union Cabinet approved amendments to the Insolvency and Bankruptcy Code.
Trade deficit shrinks 8% in June
According to official data, India’s trade deficit narrowed by nearly 8% to $15.28 billion during the last month, as against $16.6 billion in June 2018.
WPI inflation eases to 2% in June
According to official data release, wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02% in June, helped by a decline in prices of vegetables as well as fuel and power items
Inflation
As per official data released, retail inflation for June reached 3.18%.
Index of Industrial Production (IIP)
As per data released by Central Statistics Office (CSO), factory output growth based on Index of Industrial Production (IIP) fell to 3.1% in May.
Start-ups
Government has proposed to relax the General Financial Rules (GFR) to enable all government organisations to accept “untested innovative goods and services solutions” from start-ups.
Outward FDI
As per recent RBI data, India Inc.’s foreign direct investment in June fell by over two times from a year ago to $820.36 million.