Economy Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Tamil Nadu’s Dindigul lock and Kandangi saree gets GI tag

The Geographical Indications Registry (GIR) in Chennai has accorded coveted Geographical Indication (GI) tag to Dindigul lock and Kandangi saree from Tamil Nadu. This takes total number of such indigenous products that have been accorded GI tag from Tamil Nadu to 31. Dindigul locks They are known throughout world for their superior quality and durability. Read More…

Month:  Categories: Art & Culture

Tags:

Cabinet approves Sugar export policy for evacuation of surplus stocks

Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has given its approval for sugar export policy for evacuation of surplus stocks during sugar season 2019-20. The policy provides lump sum export subsidy of Rs. 10,448 per Metric Tonne (MT) to sugar mills for season 2019-20. Export Subsidy It will be provided Read More…

Month:  Categories: Business, Economy & Banking

Tags:

CVC constitutes Advisory Board for Banking Frauds

The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. It is reconstituted and rejigged version of erstwhile Advisory Board on Bank, Commercial and Financial Frauds. About Advisory Board for Banking Frauds (ABBF) Composition: Former Vigilance Commissioner T M Bhasin will Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Bharatcraft portal:  Government to launch e-commerce marketing platform

Union Minister Nitin Gadkari has announced that Union Ministry of Micro, Small and Medium Enterprises (MSMEs) is planning to launch Bharatcraft portal, a desi version e-commerce marketing platform. It will be based on the lines of e-commerce behemoths such as Alibaba and Amazon. It will provide platform for MSMEs to market and sell their products Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Government relaxes norms for shares with differential voting rights

Union Ministry of Corporate Affairs (MCA) has amended provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under Companies Act. This move is aimed at enabling promoters of Indian companies to retain control of their companies in their pursuit for growth and creation of long-term value for shareholders, even as they raise Read More…

Month:  Categories: Business, Economy & Banking

Tags:

GI Tag accorded to three new products

Geographical Indications Registry under Department for Promotion of Industry and Internal Trade (DPIIT) has accorded Geographical Indication (GI) tag to Tirur betel leaf from Kerala, Tawlhlohpuan fabric and Mizo Puanchei shawl/textile from Mizoram. GI product is recognised as originating from specific geographical origin possessing qualities or reputation related to its origin. This tag is exclusive Read More…

Month:  Categories: Business, Economy & Banking

Tags:

RBI: Payments related Data to be stored only in India

Reserve Bank of India recently clarified that all Payment System Operators (PSOs) shall store entire payment data in systems located only in India. It means that the data related to payments must be stored in systems located only in India. This follows a clarification sought by PSOs on issue of data localization. Key Highlights Background: Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Monthly Current Affairs Compilations are also available in GKToday's Academy App for Android Mobiles. Download Now