Category Archives: Trade

Government seeks 13,000 Cr surplus from RBI


The government has not asked the Reserve Bank to pay any special dividend and is only seeking Rs 13,000 crore of surplus lying with the central bank, Economic Affairs Secretary Subhash Chandra Garg has said.In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs 65,876 crore it had paid in 2015-16.

The … Read More

NITI Aagoy holds Blockchain summit and hackathon at IIT Delhi, 10 – 13 Nov

NITI Aayog

As part of the series of Road to GES events, in the run up to the Global Entrepreneurship Summit, NITI Aayog along with Proffer, a blockchain startup founded by graduates of MIT and Harvard, are organising a Blockchain summit and hackathon at IIT Delhi from Nov 10-13, 2017.

The objective of the event is to explore how blockchain architectures can enable a new digital… Read More

Deadline for selling pre-GST goods extended to 31 December

Deadline for selling pre-GST

The government has extended the deadline for sale of pre-GST goods with stickers of revised rates by three months to December 31, Consumer Affairs Minister Ram Vilas Paswan said .The decision came after several companies and retailers body CAIT highlighted that they are still left with huge unsold stocks of pre-GST goods and need more time to clear that.

After… Read More

99% of demonetised notes back in system | RBI


The Reserve Bank of India  in its annual report confirmed that almost 99 per cent of banned Rs 500 and Rs 1000 notes that were demonetised last November have returned to the system.
In the report for 2016-17, the RBI said that out of 632.6 crore pieces of Rs 1,000 currency notes in circulation, 8.9 crore have not been returned post the note ban last November.

The… Read More

SAAB and Adani group join hands for Defence manufacturing

SAAB and Adani group

Swedish defence giant Saab and Indian conglomerate Adani group have announced a collaboration in defence manufacturing entailing billions of dollars of investment, mainly eyeing a contract for single-engine fighter jets for the Indian Air Force.

Announcing the deal in New Delhi , the two companies said the project will encompass design, development and… Read More

e-Rashtriya Kisan Agri Mandi portal launched | Connecting farmers to World Market

The government launched a portal e-Rashtriya Kisan Agri Mandi (e-RaKAM) which will provide a platform to sell agricultural produce. e-RaKAM is a first of its kind initiative that leverages technology to connect farmers of the smallest villages to the biggest markets of the world through internet.

Food and Consumer Affairs Minister Ram Vilas Paswan and Union… Read More

Arvind Panagariya to return to Academics | Resigns from Niti Aayog


Indian-American economist and Niti Aayog Vice-Chairman Arvind Panagariya resigned on Tuesday from his post. Panagariya, however, said he would leave the Government think-tank on August 31 and return to academic circles at Columbia University.

Panagariya’s exit move comes at a time when the Narendra Modi-led Government at the Centre is in the middle … Read More

Rajesh V Shah appointed new NIFT Chairperson


Shri Rajesh V Shah has been appointed as Chairperson on the Board of Governors of the National Institute of Fashion Technology up to 31.03.2019 vice Shri Chetan Chauhan as per the provisions of the National Institute of Fashion Technology Act, 2006. wishes Shri Rajesh V Shah the very best.

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Northeast states to benefit from GST

GST Bill
Eight states of Northeast region  are among the states which are likely to benefit from the GST rollout on the midnight of June 30th and July 1st. Contrary to certain misconceived notions in certain quarters, GST will offer these States an opportunity to realize fiscal growth in tandem with the more developed states of India and thus make up for their own shortcomings.… Read More

Paytm Mall helps car and bike dealers get online

Paytm Mall

Paytm Mall is helping car and bike dealers come online by digitising their catalogues, and is also boosting online discovery through QR codes.This has helped over a thousand dealerships across the country to reach a wider set of customers.

Dealers are also using the QR code as a medium to drive sales without the need of managing a large inventory, Paytm said in… Read More

Telecom industry disappointed at unchanged GST rate


Industry body COAI said it is disappointed with GST rate for telecom services remaining unchanged at 18 per cent.The Cellular Operators Association of India which has Bharti Airtel, Vodafone, Idea Cellular and Reliance Jio as members – has been pushing for lowering of Goods and Services Tax, or GST rate, for telecom services to five per cent in sync with… Read More

Vikram Limaye appointed as MD and CEO- National Stock Exchange

Vikram Limaye

Shri Vikram Limaye currently MD & CEO of IDFC Ltd, and infrastructure financing firm has been appointed as Managing Director and Chief Executive Officer of the National Stock Exchange (NSE) ,The Securities and Exchange Board of India (SEBI) has approved the appointment of subject to his resignation from India’s cricketing body.

Shri Limaye… Read More