Sugar export subsidy
The Cabinet Committee on Economic Affairs (CCEA) has approved sugar export policy for evacuation of surplus stocks during sugar season 2019-20.
RBI’s record surplus
The higher earnings from foreign exchange operations and large scale open market operations (OMO) conducted by RBI, helped boost the central bank’s surplus to record levels in 2018-19.
Cabinet eases FDI rules
The Union Cabinet announced a number of decisions designed to attract increased foreign direct investment into in four sectors.
E-commerce guidelines to be mandatory under consumer protection law
The guidelines drafted for e-commerce firms will be made mandatory under the new Consumer Protection Act.
Capital framework review of RBI
The Bimal Jalan panel of the Reserve Bank has recommended that the revised economic capital framework(ECF) be reviewed every five years.
Oil firms to hike petrol, diesel prices
The State-owned oil marketing companies (OMCs) are set to increase the prices of petrol and diesel with effect from April 2020.
RBI’s money transfer to Government
The Reserve Bank of India (RBI) decided to transfer ₹1.76 lakh crore to the Centre including interim dividend of ₹28,000 crore paid in February.
Delays in India’s data reporting: IMF
A recent report published by the International Monetary Fund (IMF), shows inconsistencies into India’s dissemination of fiscal datasets.
CVC sets up panel to probe bank fraud
The Central Vigilance Commission (CVC) has constituted an Advisory Board for banking fauds (ABBF) to examine bank fraud of over ₹50 crore and recommend action.
Government’s steps to boost growth
The Finance Minister Nirmala Sitharaman announced a slew of measures to revive economic growth.