Economy Current Affairs - 2019

Category Wise PDF Compilations available at This Link

India and China sign protocol to Double Taxation Avoidance Agreement to prevent tax evasion

India and China have signed protocol to amend Double Taxation Avoidance Agreement (DTAA) for the avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income by allowing exchange of information. Under Section 90 of Income-tax Act, 1961, India can enter into agreement with foreign country or specified territory for Read More…

Month:  Categories: International

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First-ever India Russia Strategic Economic Dialogue held at St. Petersburg

The first-ever India Russia Strategic Economic Dialogue was held at St. Petersburg in Russia. Indian side was led by NITI Aayog Vice Chairman Rajiv Kumar and Russian delegation headed by Economic Development Minister Maxim Oreshkin. Key Facts The two-day forum provided participants platform to discuss development of bilateral ties in trade, investment, technology and industry. Read More…

Month:  Categories: International

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CCEA approves extension of norms for mandatory packaging in Jute Materials

Cabinet Committee on Economic Affairs (CCEA) has approved to expand the scope of mandatory packaging norms under Jute Packaging Material (JPM) Act, 1987. It has approved that 100% of the food grains and 20% of sugar shall be mandatorily packed in diversified jute bags. Initially 10% of indents of jute bags for packing foodgrains will Read More…

Month:  Categories: Business, Economy & Banking

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IIM Calcutta Innovation Park, ICC sign MoU for energising startup ecosystem in East and Northeast India

IIM Calcutta Innovation Park and Indian Chamber of Commerce (ICC) signed Memorandum of Understanding (MoU) for energising start-up ecosystem in East and Northeast India. The MoU will bring incubator and industry toghether in more formal way. IIM Innovation Park is currently incubating 40 start-ups with almost half from West Bengal. Key Facts ICC has wide Read More…

Month:  Categories: Science & Technology

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Prime Minister launches Ease of Doing Business Grand Challenge

Prime Minister Narendra Modi launched Ease of Doing Business Grand Challenge on resolving seven identified Ease of Doing Business problems with use of cutting edge technologies. It was launched during programme organized by PM for interaction with select CEOs from Indian & foreign companies. Ease of Doing Business Grand Challenge The objective of this challenge Read More…

Month:  Categories: Business, Economy & Banking

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BSE to cut ties with S&P Dow Jones Indices LLC; develop own in-house indices

Asia’s oldest bourse BSE has decided to snap ties with S&P Dow Jones, which manages and operates benchmark Sensex. Now it is planning to develop indices through its own in-house development team. Key Facts The two entities had announced joint venture called Asia Index in 2013 to provide array of indices enabling global and domestic Read More…

Month:  Categories: Governance & Politics

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Industrial production, measured in terms of IIP grows 4.5% in September 2018

According to data released by Central Statistics Office (CSO), factory output measured in terms of Index of Industrial Production (IIP) grew 4.5% in September 2018. It was slowest pace in four months mainly due to poor performance of mining sector and lower offtake of capital goods. Key Facts Sector wise Performance: Mining sector output growth Read More…

Month:  Categories: Business, Economy & Banking

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