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The Mumbai headquartered India Ratings and Research (Ind-Ra) has estimated that the gross domestic product (GDP) of India to grow at 5.5 percent in FY21. The rating agency also hoped that the growth would improve in 2021 but the country’s economy is stuck in a low consumption-low investment phase. It observed that the shortfall in ..
The Reserve Bank of India (RBI) recently increased the investment limit for FPIs in government and corporate bonds from 20 percent to 30 percent. In two separate notifications released by the banking regulator of India on Thursday, 23rd January 2020, in central and state government securities that include treasury bills, 30 percent of their portfolios ..
To further boost startups in the country by removing longstanding roadblocks, the Central Government has planned to set up a Startup Advisory Council comprising of some of the biggest names from the ecosystem of startup technology in India and government officials and regulators, that will advise the Government on reforms and help in developing a ..
On 30th October 2019, the Central Government of India after consultation with the agency for developing programs for efficient use and conservation of energy in India, the Bureau of Energy Efficiency under the Ministry of Power has notified new energy performance standards for Room Air conditioners (RACs). The new energy standards have been implemented from ..
In view of the alarming pollution levels in the capital city of India, in November 2019, the Supreme Court of India to combat air pollution has directed the Central Government along with the Delhi Government for the installation of Smog Towers across the National Capital Region (NCR). On Thursday, 2nd January 2, 2020, the first ..
The fifteenth Finance Commission headed by Retired IAS officer Nand Kishore Singh is about to commence its tenure of 5 years from 1st April 2020- 31st March 2025. The commission constituted on 27th November 2017 will recommend fiscal matters and tax devolution formula to the Central Government over its tenure. On Sunday, 23rd December 2019 ..
The Union Minister of Rural Development, Agriculture and Farmers Welfare & Panchayati Raj, Narendra Singh Tomar on Wednesday, 18th December 2019 launched the Phase-III of Pradhan Mantri Gram Sadak Yojana (PMGSY) in New Delhi on the sidelines of the National Workshop on PMGSY. The National Workshop was organized by the Ministry of Rural Development. Under ..
The Government e-Marketplace (GeM) is a dedicated national public procurement e-market for different goods and services that are procured by the Central and State Government Departments, Autonomous institutions and local bodies. The GeM was started on 9th August 2016 and has transformed public procurement across the country by making procurement paperless, contactless and cashless. A ..