Economy Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Government to constitute working group for revision of Wholesale Price Index

Central Government has constituted Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12). It will be chaired by Prof. Ramesh Chand, Member, NITI Aayog. Office of Economic Adviser, Department for Promotion of Industry & Internal Trade will be nodal office for Working Group. It will process report / recommendation Read More…

Month:  Categories: Reports & Indices

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27 June: International MSME Day

The Micro, Small and Medium-sized Enterprises Day (MSME) Day was celebrated across the world on 27 June. The theme for MSME Day 2019 was ‘Big Money For Small Business: Financing the SDGs’. Theme SME Day 2019– Big Money For Small Business: Financing the SDGs. It is dedicated towards raising awareness of need for greater investment Read More…

Month:  Categories: Events & Observances

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Bimal Jalan led panel defers report on RBI surplus funds

The Reserve Bank of India (RBI) committee led by Bimal Jalan (former RBI governor) constituted for considering guidelines for transfer of central bank’s surplus funds to government delayed submitting its report after lack of consensus among its members. The panel was originally supposed to submit its report in April 2019. Background The RBI committee was Read More…

Month:  Categories: Business, Economy & Banking

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SEBI bars NSE from securities market for 6 months: Co-Location Case

The Market regulator Securities and Exchange Board of India (SEBI) has barred National Stock Exchange (NSE) from accessing the securities market for six months and also imposed a fine of ₹1,000 crore on NSE in co-location case. Co-Location Case Co-location refers to system wherein a broker’s server is kept in the exchange premises to reduce Read More…

Month:  Categories: Business, Economy & Banking

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Global Business Summit 2019

Global Business Summit 2019 was held in New Delhi. It was the fifth edition of the three-day Summit and was inaugurated on 22nd February 2019. The Keynote address was delivered by Prime Minister Narendra Modi and the other speakers in the event included Union Ministers Arun Jaitley, Piyush Goyal Suresh Prabhu, Ravi Shankar Prasad, Founder Read More…

Month:  Categories: Events & Observances

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IIP grows 8.1% in October 2018

According to data released by Central Statistics Office (CSO), factory output measured in terms of Index of Industrial Production (IIP) grew 8.1% in October 2018 as against 4.5% in September 2018. The growth was aided by favourable base effect and robust output in all key sectors—manufacturing, electricity and mining. IIP is the closest approximation for Read More…

Month:  Categories: Business, Economy & Banking

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ADB retains India’s growth forecast at 7.3% for FY19

Asian Development Bank (ADB) in its Outlook Supplement has retained India’s growth forecast at 7.3% for current fiscal (2018-19) and 7.6% in following financial year (2019-20). It held that India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output. Key Facts India saw GDP growth moderate to 7.1% in Q2 of Read More…

Month:  Categories: Business, Economy & Banking

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