Divestment of NABARD and NHB by RBI
The Reserve Bank of India (RBI) divested its entire stake in NABARD and National Housing Bank (NHB) for ₹20 crore and Rs. 1,450 crore, respectively.
INC22 Forms
According to officials in the Ministry of Corporate Affairs, the Centre is likely to extend the deadline and relax the rules for the disclosure norms it had set for companies in an attempt to weed out shell companies.
RBI swap auction
Recently the second dollar-rupee buy/sell auction took place.
Shipping firms seek PM’s help
Number of Indian shipping companies have submitted a memorandum to the Prime Minister Narendra Modi, seeking his immediate intervention to scrap a recent notification and a circular which, according to them, would force them to shut down, resulting in heavy job losses.
Leather Industry
As per the top leather industry official, India registered about 8% growth in export of leather, leather products and footwear during 2018-19.
India’s temporary reprieve to buy Iranian oil to end shortly
India’s temporary reprieve along with seven other countries to buy Iranian oil is expected to end shortly, with US slated to terminate the conditional waiver.
Need to address growth challenges: RBI Governor
As per the minutes of the Monetary Policy Committee(MPC) meeting, four out of six MPC members had voted for a reduction in interest rate from 6.25% to 6% at the meeting of the MPC earlier this month.
New norms for taxing MNCs
The income tax department proposed a change in the methodology for taxing multinational companies (MNCs).
Top IT firms under threat of cyberattack
According to cybersecurity investigation website KrebsOnSecurity.com, India’s leading tech players may be under serious threat from cyber criminals.
Fast Moving Consumer Goods (FMCG) Sector
As per a report, the fast moving consumer goods (FMCG) segment is expected to see a lower growth this year compared with 2018 on account of a slowdown in both rural and urban demand.