Economy Current Affairs - 2019

Category Wise PDF Compilations available at This Link

Economist Surjit Bhalla resigns from Prime Minister’s Economic Advisory Council

Eminent economist and columnist Surjit Bhalla has resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM). His resignation comes day after Reserve Bank of India (RBI) governor Urjit Patel, quit abruptly after months-long tussle over policy with government. Prime Minister’s Economic Advisory Council (PMEAC) PMEAC is non-constitutional and non-statutory, non-permanent and independent Read More…

Month:  Categories: Persons in News

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Government raises its contribution in National Pension System to 14% from 10%

Union Cabinet has decided to raise contribution of Central Government to National Pension System (NPS) corpus of its employees from 10% to 14%. This will increase in eventual accumulated corpus of all central government employees covered by NPS. There are 18 lakh central government employees at present. The revenue impact from higher government contribution to Read More…

Month:  Categories: Government Schemes & Projects

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India to receive total remittance of $80 billion in 2018: World Bank

According to World Bank’s Migration and Development Brief, India will retain its position as world’s top recipient of remittances in 2018, receiving a total remittance of $80 billion from its diaspora. India is followed by China ($67 billion), Mexico and hilippines ($34 billion each) and Egypt ($26 billion). Remittance: It is transfer of money by Read More…

Month:  Categories: International

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Union Cabinet approves Agriculture Export Policy, 2018

Union Cabinet chaired by Prime Minister Narendra Modi has approved Agriculture Export Policy, 2018 with aim to double farmer’s income by 2022. Cabinet has also approved proposal for establishment of Monitoring Framework at Centre with Ministry of Commerce as nodal Department to oversee implementation of Agriculture Export Policy. It will also have representation from various Read More…

Month:  Categories: Government Schemes & Projects

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Cabinet approves launch of National Mission on Interdisciplinary Cyber-Physical Systems

Union Cabinet has approved launching of National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). It will be implemented by Department of Science &Technology under Ministry of Science and Technology for period of five years. The objective of Mission is to addresses ever increasing technological requirements of the society. It also takes into account international trends and Read More…

Month:  Categories: Government Schemes & Projects

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Patents granted by India up by 50% in 2017: WIPO

According to World Intellectual Property Indicators 2018 report released by United Nation’s World Intellectual Property Organisation (WIPO), number of patents granted by India shot up by 50% in 2017.  The patents granted by India increased from 8,248 in 2016 to 12,387 in 2017, thus keeping up trend of steep increases. Key Facts Patents granted in Read More…

Month:  Categories: Business, Economy & Banking

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Government forms Rajiv Kumar Committee to look at selling of OIL, ONGC fields to private companies

Union Government has constituted six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) to private and foreign companies to boost domestic output. The committee will be headed by NITI Aayog Vice Chairman Rajiv Kumar Read More…

Month:  Categories: Business, Economy & Banking

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