Government unveils package to boost exports, revive housing sector

News:Government has announced a set of measures aimed at two sectors of the economy namely exports and housing sector.These measures are aimed to reverse a deepening economic slowdown. Facts: Special Fund for Housing Projects: A special fund will be set up for providing last-mile funding for housing projects.It will focus on the construction of unfinished… Continue reading Government unveils package to boost exports, revive housing sector

Centre responds to downturn with steps to boost growth

Government has announced a number of economic measures which seeks to revive economic growth through fiscal stimulus. These measures were brought in the backdrop of the economic slowdown in India.The measures announced are:- The surcharge announced in the budget on Foreign Portfolio Investors (FPIs) has been withdrawn.This will check the outflow of FPI from India.… Continue reading Centre responds to downturn with steps to boost growth

Sitharaman gives MSME sector a breather

Finance minister has announced several measures to provide some relief to Micro,Small and Medium Enterprises(MSMEs) sector. Finance Minister has announced that all pending Goods and Services tax(GST) dues for the MSME sector shall be cleared within 30 days.In the future,all such dues would be cleared within 60 days of application. Further,the banks will issue improved… Continue reading Sitharaman gives MSME sector a breather

Why lower fiscal deficit isn’t always good news

According to the data,there is growing concern about the slowdown in India’s economic growth.Recently,RBI had also cut repo rates by 35 basis points, which was the sharpest cut in nine years. In macroeconomy,there are two components.One is the structural or the permanent component which is largely determined in the long term by factors such as… Continue reading Why lower fiscal deficit isn’t always good news

Rural ministry to focus on 3-5 lakh women SHGs to scale up enterprises

Ministry of Rural Development(MoRD) has decided to focus on select 3-5 lakh women Self Help Groups(SHGs) with a view to convert their nano enterprises into micro enterprises. This Initiative is taken up as part of Aajeevika-National Rural Livelihood Mission(NRLM). The NRLM mission aims to organize the rural poor women into SHGs and continuously nurture and… Continue reading Rural ministry to focus on 3-5 lakh women SHGs to scale up enterprises

Govt. in talks with foreign lenders for loans to SMEs

The Indian government is in talks with foreign lenders to provide credit to millions of small and medium enterprises(SME). This step is being taken after state owned banks have not been able to drive increased lending because they are burdened with more than $145 billion in bad loans.This has led to a severe credit squeeze… Continue reading Govt. in talks with foreign lenders for loans to SMEs

RTI Amendment Bill to be introduced in Lok Sabha today

The Government has introduced a Bill to amend the Right to Information Act,2005 in the Lok Sabha.The amendment bill proposes two fundamental changes. First,it proposes to change the tenure of the Central Information Commissioner(CIC) and Information Commissioner(IC) at the centre and state levels from five years or until the age of 65 years at present… Continue reading RTI Amendment Bill to be introduced in Lok Sabha today

Centre raises over Rs 10,000 crore on net basis via CPSE ETF

The Central Government has raised over Rs 10,000 crore on a net basis from the 5th further fund offer(FFO) of the Central Public Sector Enterprises(CPSE) Exchange Traded Fund(ETF). The government aims to raise Rs 1.05 lakh crore through disinvestment in 2019-20 up from Rs 85,000 crore raised last fiscal.Disinvestment is defined as the action of… Continue reading Centre raises over Rs 10,000 crore on net basis via CPSE ETF

Centre rejects SEBI plea to amend provision for transferring reserves

The Finance Ministry has refused to accept the request from the Securities and Exchange Board of India(SEBI) to amend the provision that mandates transferring 75% of the market regulator’s surplus funds to the central government. SEBI had written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market… Continue reading Centre rejects SEBI plea to amend provision for transferring reserves

SEBI opposes Centre’s proposal to transfer surplus money to CFI

Securities and Exchange Board of India(SEBI) has written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market regulator’s surplus funds to the central government SEBI said that the proposal would result in compromising its autonomy and its ability to function effectively towards the progress and development of… Continue reading SEBI opposes Centre’s proposal to transfer surplus money to CFI