Economy Current Affairs - 2019

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FIEO GlobalLinker: Government launches digital platform for MSME Exporters

Ministry of Commerce and Industry has launched FIEO GlobalLinker, a digital platform for MSME exporters to digitise their businesses and join global community of growing businesses. It has been developed by Federation of Indian Export Organisations (FIEO).  Key Facts FIEO GlobalLinker aims to make the business growth of SMEs simpler, more profitable and enjoyable. It Read More…

Month:  Categories: Business, Economy & Banking

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India will grow at 7.3% in 2018: World Bank Report

The World Bank in its twice-a-year South Asia Economic Focus report has projected growth rate of 7.3% for India in 2018 and 7.5% for 2019 and 2020. The growth is expected to accelerate from 6.7% in 2017 to 7.3% in 2018 and to subsequently stabilise supported by sustained recovery in private investment and private consumption. Read More…

Month:  Categories: Reports & Indices

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TRAI launches beta portal for comparing telcos’ tariffs

Telecom Regulatory Authority of India (TRAI) has unveiled beta version of portal (www.tariff.trai.gov.in) to enable consumers see tariffs of different TSPs (telecom service providers) and different Licensed Service Areas (LSAs) at single place. The first of its kind platform to be backed by the government aims to bring on one platform telecom tariffs offered by Read More…

Month:  Categories: Science & Technology

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India to work with China on OPEC’s Asian Premium issue

India is coordinating with China and other Asian countries to raise voice against Asian premium charged by Organisation of the Petroleum Exporting Countries (OPEC). Indian Oil Corporation Chairman Sanjiv Singh will coordinate with head of China National Petroleum Corporation (CNPC) to chalk out strategy that will result in getting better price from OPEC countries. Asian Read More…

Month:  Categories: International

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Generalized System of Preferences: US announces eligibility review of India

The United States Trade Representative (USTR) has formally announced that it is reviewing eligibility of India, Indonesia and Kazakhstan in Generalized System of Preferences (GSP) based on concerns about countries’ compliance with program. The reviews are based on Trump administration’s new GSP country eligibility assessment process as well as GSP country eligibility petitions Key Facts Read More…

Month:  Categories: Business, Economy & Banking

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2nd India Mobile Congress to be held in New Delhi in October 2018

The second edition of India Mobile Congress (IMC-2018) will be held in New Delhi on October 25-27, 2018. It will be organised by Department of Telecommunications (DoT) and Cellular Operators Association of India (COAI). IMC was launched in 2017 to provide platform for policy makers, industry and regulators to engage in meaningful deliberations to drive Read More…

Month:  Categories: Business, Economy & Banking

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India’s forex reserves at record high of $424.864 billion: RBI

According to the Reserve Bank of India (RBI), India’s forex (foreign exchange) reserves have touched record high of $424.864 billion in April 2018. The surge was due to massive spike in foreign currency assets (FCAs), a key component of the reserves. The forex reserve had crossed $400-billion mark for the first time in September 2017, Read More…

Month:  Categories: Business, Economy & Banking

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