Manufacturing activity slows in July
According to a monthly survey, country’s manufacturing sector activity moderated in July amid softer increase in output, new orders and employment.
25% safeguard duty on import of solar cells
India has imposed a 25% safeguard duty on solar cell imports for a year till July 29, 2019, said a government order published on Monday, as the country tries to protect the domestic solar industry.
Draft e-commerce policy
The draft e-commerce policy, being formulated by the government, will run alongside the recommendations of the Justice Srikrishna Committee report on data privacy, according to Commerce Secretary.
Invest India and UAE Ministry sign MoU
Invest India and the UAE Minister for Artificial Intelligence (AI) signed a Memorandum of Understanding (MoU) for India – UAE Artificial Intelligence Bridge.
Invest India and Business France Sign Mou to Promote Investment
In order to promote investment facilitation and cooperation between startups of India and France, Invest India and Business France have signed an MoU.
E-commerce companies to face tax audit
The major e-commerce companies like Flipcart, Amazon and Snapdeal, are to face the audit to find out whether they have refunded the excess GST collected from the consumers.
RBI has wide-ranging powers : Government
The Reserve Bank of India (RBI) has wide-ranging powers to regulate and supervise public sector banks, the government informed Parliament.
Banks agree to resolve stressed assets quickly
Leading lenders of the country signed an agreement among themselves to grant power to the lead lender of the consortium to draw up a resolution plan for stressed assets.
Cryptocurrencies will boost illegal transactions: RBI to SC
The Reserve Bank of India (RBI) on Friday said dealing in cryptocurrency will encourage illegal transactions. The RBI has already issued a circular prohibiting use of these virtual currencies.
IBBI working on cross-border insolvency norms: Sahoo
• The government is keen to introduce a globally accepted and well-recognised cross-border insolvency framework, which would also make India an attractive investment destination for foreign creditors, given the increased predictability and certainty of the insolvency process.