Investment Current Affairs - 2020

Indian Accounting Standards amended

On July 26, 2020, Ministry of Corporate Affairs, Government of India amended the Indian Accounting Standards related to leasing. The Ind-AS 103, 116 and other standards have been amended. Highlights The Ind-AS 103 is related to business combinations. On the other hand, Ind-AS 116 standard is related to principles for presentation, recognition and disclosure of Read More…

India Business Council to host 45th India Ideas Summit 2020

On July 22, 2020, the India Business Council is to host India Ideas Summit 2020. PM Modi is to address the summit. Highlights The Summit will convene government leaders and business men for discussion about US-India partnership and trends in shaping trade and investment, globalization and future works. This year summit is to focus on Read More…

Institute for Management Development releases World Competitive Index

The Institute of Management Development recently released the World Competitive Index. India ranked 43rd in the ranking. Highlights In 2019, India was at the 43rd ranking. Since 1989, India had ranked 41st in the World Competitiveness Ranking. However, it slipped to 45th rank in 2017 and secured 44th in 2018. The continuous low ranking of Read More…

GoI discontinues 7.75% savings bonds

The Reserve Bank of India recently announced that the Government of India has discontinued 7.75% savings bonds. Highlights The 7.75% savings bonds that are also called government bonds or RBI bons were issued in 2018. They were available for the resident citizens of India alone. The value of one bond was Rs 1000 and there Read More…

Rs 20 Lakh crore Economic Package: MSME, EPF, NBFC, MFI, Real Estate Benefited

The Government of India had earlier launched Pradhan Mantri Garib Kalyan Yojana. Under which Rs 1.7 lakh crore was allocated. The Lock Down 4.0 that is to be launched on May 18, 2020 will operate under Atma Nirbhar Bharat Abhiyan. Highlights Under the new scheme, the Finance Minister Nirmala Sitaraman announced 15 different measures. Of Read More…