Cabinet approves the Banning of Unregulated Deposit Schemes Bill, 2019
The Union Cabinet has approved the banning of Unregulated Deposit Schemes Bill, 2019.
India has stricter regulatory norms: Basel
The Basel Committee on Banking Supervision said RBI’s rules are stricter in some areas.
Foreign Portfolio Investors (FPIs)
The Budget 2019-20, tabled in Parliament last week proposed to impose surcharge of 3% on taxable income between Rs 2 crore and Rs 5 crore, and 7% for income above Rs 5 crore.
Utkarsh 2022
The Reserve Bank of India (RBI) board finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank.
Production of Train 18 halted
India’s first semi high-speed train, or Train18 manufactured by Integral Coach Factory (ICF) Chennai has stopped its production.
Panel to review core investment companies
The Reserve Bank of India constituted a working group to review regulatory guidelines and supervisory framework applicable to core investment companies (CICs).
Hike in MSP for kharif crops
Governemnt has hiked the minimum support price (MSP) for paddy by less than 4% to ₹1,815 per quintal for the 2019-20 season.
Lithium-ion giga units
Government think-tank NITI Aayog has proposed the establishment of giga factories in India for the manufacture of lithium-ion batteries in the next couple of years.
Base Erosion and Profits Shifting (BEPS)
The government ratified the international agreement to curb base erosion and profits shifting (BEPS).
Core Sector
According to official data released, growth in the core sectors of the economy slowed to 5.1% in May 2019.