Economy

India received net foreign direct investment of US$18.3 billion in April-July 2019, higher than US$11.4 billion in the corresponding period of 2018-19, the Reserve Bank of India’s Governor Shaktikanta Das said.

GST Council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues.

The latest tax rate cut will be a major boost to the animal spirits of corporate India and will reinvigorate the manufacturing sector which has been going through a difficult phase of late.

Minister of Finance & Corporate Affairs Nirmala Sitharaman has reviewed banks performance in Delhi on 19 Sept 2019 in a meeting with the top management of Public Sector Banks.

The Government has slashed corporate tax rates to 22% for domestic companies and 15% for new domestic manufacturing companies.

China’s Wuhuan Engineering Co Ltd has been awarded a Lump Sum Turn Key (LSTK) contract for Coal Gasification Plant PF Talcher Fertilizers Limited, Ministry of Chemicals and Fertilizers said on 18 Sept 2019.

The Common Digital Platform for Issuance of electronic Certificates of Origin (CoO) will be a single access point for all exporters, for all FTAs/PTAs and for all agencies concerned.

Commerce and Industry Minister Piyush Goyal given details of the Export Credit Insurance Scheme (ECIS) in New Delhi on 16 September 2019, following up with the scheme announced by the Finance Minister, Nirmala Sitharaman, as part of measures to boost...

Switzerland-India partnership is a special one with economic engagement driven by innovation, science and technology, President Ram Nath Kovind said at a business roundtable on the two countries.

The Reserve Bank of India has issued guidelines for ‘on tap’ licensing of small finance banks in the private sector. This comes following its announcement in the Second Bi-monthly Monetary Policy Statement, 2019-20 dated 6 June 2019.