Page-7 of Ease of Doing Business Current Affairs, GK & News

ESI Rate Cut

The government has reduced the rate of contribution for medical care under the ESI (Employees State Insurance) Act to 4% from 6.5%. How does ESI work? The medical services being provided by the ESI Scheme in the respective states and Union Territories are regulated by the ESI Corporation. The scheme is operated by the funds ..

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Global Economic Prospects 2019

The Global Economic Prospects 2019 released by the World Bank makes the following observations: Global real GDP growth forecast has been reduced to 2.6% for 2019. The estimate was down by 0.3%age points from its previous forecast in January. There could be a marginal increase to 2.7% in 2020. Global economy continues to soften and ..

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SEBI Proposes Changes to FPI rules

The HR Khan committee constituted by the Securities and Exchange Board of India (SEBI) has proposed wide-ranging changes to the foreign portfolio investment (FPI) regime. The changes proposed are aimed at boosting capital flows into the country by improving the ease of doing business, especially for large and well-regulated global institutions. Recommendations of the HR ..

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Govt relaxes norms for Start-ups

The government has relaxed the norms under the definition of Start-Ups. The changes brought in are: The investment limit of angel investors to seek exemption under the Income Tax Act, 1961 has been increased to Rs 25 crore from 10 Crore. An entity shall be considered a start-up up to 10 years from its date of ..

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How JNPT surged into top 30 of Lloyds Report?

India’s premier container port Jawaharlal Nehru Port Trust (JNPT) has become India’s only port to get listed among the top 30 global container ports in Top 100 Container Ports report. JNPT has notched up five spots, to be 28th on the list, compared to its previous ranking. What made this jump possible? The Union Ministry of Shipping has ..

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Vibrant Gujarat Global Summit 2019

Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit. On the occasion, the Prime Minister also set the target for breaching into top 50 rankings of the ease of doing business. The three-day Vibrant Gujarat Summit will witness the participation of the heads of five countries Uzbekistan, Rwanda, Denmark, Czech Republic and Malta – and ..

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