The government has reconstituted the working group tasked with revising the current wholesale price index (WPI). The terms of reference(ToR) of the working group are (a)select the most appropriate Base Year for the preparation of a new official series of Index Numbers of WPI and Producer Price Index (PPI) in India (b)review commodity basket of… Continue reading Government revamps WPI revision team
Category: Daily Factly articles
Govt to launch ‘One Nation One Ration Card’
The central government is working on a plan to launch a One Nation One Ration Card scheme for beneficiaries especially migrant workers to access the Public Distribution System(PDS) from any PDS shop across the country. The aim of the scheme is to provide freedom to beneficiaries as they will not be tied to one PDS… Continue reading Govt to launch ‘One Nation One Ration Card’
NPAs down, credit growth picking up: RBI
The Reserve Bank of India has released the Financial Stability Report. The report assessed that India’s financial system remains stable in the backdrop of improving resilience of the banking sector.However,the emerging trends in the global economy and geopolitical environment pose challenges. The report has said that the Gross non-performing assets in the banking system have… Continue reading NPAs down, credit growth picking up: RBI
SEBI tightens norms for mutual fund investments
The Securities and Exchange Board of India(Sebi) has introduced more checks and balances for mutual funds(MFs) to secure investors and stem systemic risks. SEBI has said that mutual fund schemes can now invest only in listed debt or equity.The valuation of securities in debt funds will now be on mark-to-market basis instead of the earlier… Continue reading SEBI tightens norms for mutual fund investments
Environment ministry okays two-year construction order for Polavaram project
The Union Environment Ministry has extended the construction period for the Polavaram Multipurpose Project in Andhra Pradesh by two years. The Polavaram project is a major multi-purpose irrigation project being constructed on the Godavari River and spread across three states – Andhra Pradesh,Odisha and Chhattisgarh. A dam is currently under construction in West Godavari and… Continue reading Environment ministry okays two-year construction order for Polavaram project
Donald Trump demands withdrawal of India’s ‘unacceptable’ tariff hike
The US President has demanded that India should withdraw the retaliatory tariffs calling the duties unacceptable. India had imposed long pending retaliatory tariffs on 29 US products after US had withdrawn Generalized system of preferences (GSP) for Indian exporters. This action came a year after the notification for the retaliatory tariffs was issued in 2018… Continue reading Donald Trump demands withdrawal of India’s ‘unacceptable’ tariff hike
Surjit Bhalla Committee on Trade and Policy
Union Minister of Finance & Corporate Affairs has informed Rajya Sabha about the Surjit Bhalla Committee on Trade and Policy. The Union commerce ministry had constituted a high-level advisory group on Foreign trade policy.The group has submitted its report to the government. The panel has recommended the centre to cut down corporate tax rate and… Continue reading Surjit Bhalla Committee on Trade and Policy
Consider landless beekeepers as farmers, suggests beekeeping development committee
The Economic Advisory Council to the Prime Minister had set up a Beekeeping Development Committee under the Chairmanship of Professor Bibek Debroy. The committee was constituted with the objective of identifying ways of advancing beekeeping in India that can help in improving agricultural productivity,enhancing employment generation,augmenting nutritional security and sustaining biodiversity. The committee has recommended… Continue reading Consider landless beekeepers as farmers, suggests beekeeping development committee
UNSC non-permanent seat: India’s candidature receives unanimous endorsement by Asia-Pacific group
The 55 countries of the Asia-Pacific group at the United Nations has unanimously endorsed India’s candidature for a non-permanent seat on the Security Council for a two-year term in 2021-2022. The development is particularly significant given that Pakistan and China both countries with which India has had diplomatic challenges at the UN has supported the… Continue reading UNSC non-permanent seat: India’s candidature receives unanimous endorsement by Asia-Pacific group
At Osaka G20 summit, PM Modi to talk global meet on terror
Prime Minister is going for the 2019 G20 Summit to be held in Osaka, Japan.The summit will be the 14th such gathering.The theme of the G20 summit 2019 is human-centred future society. There will be four key sessions at the summit (a)Global Economy:Trade and Investment (b)Innovation in Digital Economy and Artificial Intelligence (c)Addressing Inequalities and… Continue reading At Osaka G20 summit, PM Modi to talk global meet on terror
