Corporate Tax Rate Cut

🕔16:28, 21.Sep 2019

The government has slashed the basic corporate tax rate for companies that do not seek exemptions to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%. Key Details Govt has proposed to

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LNG Deal Between India And US

🕔16:27, 21.Sep 2019

India’s Petronet LNG is set to sign a deal with US liquefied natural gas (LNG) developer Tellurian Inc worth more than $2 billion in the proposed Driftwood project in Louisiana. This deal is a part of wider cooperation between India

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Government Will Reduce Provisions To Prosecute Under Companies Act

🕔17:43, 19.Sep 2019

The government is planning to reduce the provisions to prosecute for violation of the Companies Act while looking to introduce a settlement mechanism and “deferred prosecution agreements” under the law to ease the burden on the corporate sector. Background –

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Expand Capital Expenditures To Boost Economy: Summary

🕔12:17, 18.Sep 2019

From a level of 8.1 percent in the fourth quarter of 2017-18, quarterly GDP growth fell to 5 percent in the first quarter of 2019-20, a fall of 3.1 percentage points. The slowdown of the Indian economy is no longer

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New scheme for exporters: NIRVIK

🕔17:27, 17.Sep 2019

Export Credit Guarantee Corporation of India (ECGC) has introduced ‘NIRVIK’ scheme to ease the lending process and enhance loan availability for exporters. The details of the scheme were shared by Union Minister of Commerce and Industry and Railways, Piyush Goyal

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Steel Import Monitoring System, Digital Certificate Of Origin Launched

🕔17:26, 17.Sep 2019

The government has launched a steel import monitoring system (SIMS) to provide advance information about steel imports to various stakeholders including producers and importers to have effective policy interventions on 16 September. The SIMS system has been developed in consultation

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Strategic Disinvestment – Changes In The Process Of Strategic Disinvestment

🕔18:21, 14.Sep 2019

The Narendra Modi government has decided to go for strategic disinvestment of 23 Public Sector Undertakings (PSUs) this year. The move in 2019-20 is estimated to bring about ₹1,05,000 crore. In recent years, the proceeds from the sale of shares

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IRDAI launches Regulatory Sandbox for tech-led firms

🕔17:34, 14.Sep 2019

Insurance Regulatory and Development Authority of India (IRDAI) on Friday launched the Regulatory Sandbox system for innovative technology-led entities. The initiative was launched during the opening session of a workshop on Regulatory Sandbox organized by IRDAI in partnership with Confederation

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Depository Receipts: Easing Restrictions On Raising Money Abroad

🕔18:03, 13.Sep 2019

The author who is a Senior Research Fellow at Shardul Amarchand Mangaldas & Co urges SEBI to fully operationalize the Depository Receipt Scheme, 2014 to give capital freedom to Indian Industries. What is the Depository Receipt? (STATIC-GS3 Economy KEY TERMINOLOGIES)

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India’s oil demand to rise at fastest pace globally

🕔10:18, 13.Sep 2019

OPEC lowers global growth estimate Oil producers’ cartel OPEC said that India’s oil demand will rise at the fastest pace globally this year and the next, even as its economic expansion has slowed down. In its monthly ‘World Oil Demand’

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