Macro & Economy

‘India is the third highest producer of eggs in the world’

World Egg Day 2018

The Department of Animal Husbandry, Dairying and Fisheries, Government of India organized “World Egg Day” on 12 October 2018. The Minister of State of Agriculture & Farmers’ Welfare Krishna Raj was the Chief Guest at the event and Minister of State of Agriculture & Farmers’ Welfare Parshottam Rupala was the Chairman for the event. Farmers, members of poultry associations, research ...

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Indian Industrial policy to create global leader in Fourth Industrial Revolution Technologies: Suresh Prabhu

Indian Industrial Policy

The New Industrial Policy framed by the Ministry of Commerce in consultation with all Ministries of Government of India, State Governments, Industry and all stakeholders embodies the Government’s intention to align India with the emerging technologies of drones, artificial intelligence and block chain. This was stated by the Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, at the ...

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India calls on G-20 Nations to safeguard negative spillover effects of global risks on Emerging Market Economies (EMDEs)

Secretary, Department of Economic Affairs, Finance, Subhash Chandra Garg

The Final G-20 Finance Ministers and Central Bank Governors Meeting under the 2018 Argentine Presidency and the final BRICS Deputies Meeting under the 2018 South African Chairmanship were held on 11th -12th October 2018 in Bali, Indonesia on the sidelines of the IMF/Fund Bank Annual Meetings. G-20 Finance Ministers and Central Bank Governors (FMCBG) Meeting The deliberations in the G-20 FMCBG meeting ...

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India snubs findings of World Bank’s Human Capital Index

The Government of India has decided to ignore the HCI findings released by World Bank on 11 October 2018  and will continue to undertake its path breaking programme for human capital development aiming to rapidly transforming quality and ease of life for all its children.
Seen in File pic is Prime Minister, Narendra Modi interacting with the Anganwadi workers and beneficiary children of Poshan Abhiyan, at Jangla, in Bijapur, Chhattisgarh on April 14, 2018.

Unlike the the World Bank’s Ease of Doing Business report or other benchmarks, India has chosen to snub the findings of the World Bank’s findings in the recently released Human Capital Index (HCI).  The World Bank had released  a Human Capital Index (HCI) as part of the World Development Report 2019 on 11 October 2018. Broader theme of the World Development ...

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FDI in Telecom Sector jumped five times in last three years-Manoj Sinha

FIPP Wing of the Department of Telecommunications (DoT) + IIFT

Minister of State for Communications (Independent Charge) and Minister of State for Railways, Manoj Sinha presided over the Inaugural Session of the one-day seminar on “FDI in Telecom Sector: The Way Ahead” at New Delhi on 25 September 2018. The seminar was well attended by representatives from various Ministries/Departments, regulatory bodies, industry, academia etc. On the occasion, Sinha also released ...

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FM exhorts PSBs to instil measures, live up to trust reposed in banks

FM on clean lending, inclusiveness index and psbloansin59mins

The Union Minister of Finance and Corp[orate Affairs, Arun Jaitley said the Formalisation of the Indian Economy through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and digital payments have enabled better assessment of financial capacity and risks, and coupled with inclusive growth through massive financial inclusion, has unlocked purchasing power, which will drive India’s growth. The Finance Minister said ...

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Andhra Pradesh, Odisha & Madhya Pradesh Bag Award of Three Best Performing States in Ease of Living Index

Andhra Pradesh, Odisha, Madhya Pradesh top ease of living index 2018

Andhra Pradesh has topped the charts among States in terms of “Ease of Living Index” rankings launched by the Ministry of Housing and Urban Affairs (MoHUA).  It was followed by Odisha and Madhya Pradesh. The three States were awarded  best performing States  at the National Dissemination Workshop on Ease of Living Index, 2018, on 24 September 2018. While presenting the awards ...

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New Delhi to house ITU South Asia Office: Manoj Sinha

Manoj Sinha representing India at 4th BRICS Communications Ministers Meeting held in Durban, South Africa

The ITU South Asia Area Office and Technology Innovation Centre will be established in New Delhi. This was announced by Houlin Zhao, Secretary General (SG) of the International Telecommunication Union (ITU), during the 4th BRICS Communications Ministers Meeting held in Durban, South Africa from 17 September 2018. ITU is a United Nations specialised agency for Information and Communication Technologies, with membership ...

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India to generate 100 GW solar energy by 2022: Suresh Prabhu

Solar power in India

 Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that demand for energy will increase due to rapid development taking place in India and fossil fuel is not going to last forever and therefore there is need for renewable energy.  He was speaking at a function of International Solar Alliance (ISA) Innovation and Investment Forum in New ...

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NITI Aayog cycles to spread awareness on clean mobility and sets ball rolling for India’s transition to renewable energy and electric vehicles @ MOVE: Global Mobility Summit

India to move to electric and hybrid vehicles

MoS Kiren Rijiju & Amitabh Kant, CEO NITI Aayog flagged off MOVE Cyclathon on 2 September 2018, a cycle rally to promote cleaner, accessible modes of transport. The cyclathon was held in the run up to the MOVE: Global Mobility Summit on September 7, 8 in New Delhi, and saw a participation of over 500 enthusiastic cyclists. Speaking at the event, ...

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GST Revenue collection for August 2018 reflect steady trend?

CGST + SGST

The total gross GST revenue collected in the month of August, 2018 is Rs. 93,960crore of which CGST is Rs. 15,303 crore, SGST is Rs. 21,154 crore, IGST is Rs. 49,876 crore (including Rs. 26,512 crorecollected on imports) and Cess is Rs. 7,628 crore (including Rs. 849 crore collected on imports). The total number of GSTR 3B Returns filed for the month of July up to 31st August, 2018 is 67 lakh. This is slightly higher than 66 lakh ...

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Digital India witnesses surge in ITRs e-filed; Filing of Income Tax Returns registers an upsurge of 71% for FY18

Income Tax Returns for Assessment Year 2018-19

There has been a marked improvement in the number of Income Tax Returns(ITRs) filed during FY 2018 (upto 31/08/2018, the extended due date of filing) compared to the corresponding period in the preceding year. The total number of ITRs e-filed upto 31/08/2018 was 5.42 crore as against 3.17 crore upto 31/08/2017, marking an increase of 70.86%. Almost 34.95 lakh returns were uploaded on 31/08/2018 itself, ...

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