ADB Approved USD 6.5 Million Loan to Greenway

Current Context:  The Asian Development Bank (ADB) and Greenway Grameen Infra Private Limited signed the $6.5 million loan on November 23, 2023. This was the first loan approved by the ADB under the CIDF , which was establ…

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West Bengal’s Policies Unveiled at Bengal Global Business Summit 2023

Current Context: The Bengal Global Business Summit 2023, held on November 21-22, 2023 in Kolkata, showcased West Bengal’s transformation into an economic powerhouse.  Here are some key policies and announcements made at …

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Karnataka Bank inks pact with HDFC Life to distribute life insurance products

Current Context: Karnataka Bank signed a pact with HDFC Life Insurance Company Limited to distribute life insurance products on November 20, 2023. The partnership combines Karnataka Bank's banking experience with HD…

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RBI tells Bajaj Finance to stop loans under ‘eCOM’, ‘Insta EMI’ products

Current Context: The Reserve Bank of India (RBI) has directed Bajaj Finance Limited to stop the sanction and disbursal of loans under two of its lending products – ‘eCOM’ and ‘Insta EMI Card’ with immediate effect. The a…

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Fedfina, IREDA, EPACK Durable & Suraj Estate Developers get nod from SEBI to float IPOs

Current Context: Four firms – Fedbank Financial Services (Fedfina), Indian Renewable Energy Development Agency (IREDA), EPACK Durable, and Suraj Estate Developers – have received approval from the Securities and Exchang…

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The International Monetary Fund (IMF) executive board has approved a 50% quota increase

Current Context: The executive board of the International Monetary Fund (IMF) has approved a proposal to increase the quota allocated to members by 50%. This proposal is now set to be considered and made effective by the…

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Finance Ministry has launched an amnesty scheme for filing appeals against Goods and Services Tax (GST)

Current Context: The Finance Ministry has launched an amnesty scheme for filing appeals against Goods and Services Tax (GST) demand orders. This scheme is aimed at providing relief to taxpayers who missed their appeal d…

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GST collections increased to ₹1.72 lakh cr in October

Current Context: The Goods and Services Tax (GST) collection for the month of October 2023 has reached an impressive Rs. 1.72 lakh crore. This is the second highest ever recorded, with the highest GST collections record…

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Insolvency & Bankruptcy Code (Amendment) Bill 2020

Current context: Insolvency and Bankruptcy Code (Amendment) Bill 2020 has been passed by the Parliament on 12th March 2020.

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22nd Law Commission of India

Current context: The Union Cabinet approved the constitution of the Twenty-second Law Commission of India on 19th February 2020.

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December GST Revenue Collection

Current context: Rs 1,03,184 crore is the gross GST revenue collected in the month of December, 2019.

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Census of India 2021

Current context: The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for conducting Census of India 2021 and updating National Population Register (NPR).

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Enhanced Surcharge withdrawn by the Government

Current context: To encourage investors in the capital market, the government has withdrawn surcharge on tax payable on the transfer of certain assets.

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DD channel for start-ups

Finance Minister Nirmala Sitharaman proposes to start a DD channel exclusively for start-ups announcing the Union Budget 2019-20

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Atal Innovation Mission and Adobe Partner to Collaborate

Atal Innovation Mission and software major Adobe have signed a Statement of Intent to collaborate on enhancing digital literacy and creativity skills in India.

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Tata Steel Recognised as One of World's Most Ethical Companies

Tata Steel has been recognised as one of World's Most Ethical Companies by the Ethisphere Institute for 2019.

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Unified Authority to come up for regulating all financial services in IFSCs

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a Unified Authority for regulating all financial services in International Financial Services Centres (IFSCs) in the country.

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Tata Steel's Netherlands plant recognised as the Factory of the Future

The World Economic Forum has recognised Tata Steel's plant at IJmuiden in the Netherlands as Manufacturing Lighthouse with state-of-the-art production facilities which 

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Export Promotion Cell for MSMEs

The Ministry of Micro, Small and Medium Enterprises has established an Export Promotion Cell.

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Pakistan to issue Panda Bonds to raise capital in China

The government of Pakistan has decided to launch Panda Bonds to raise loans from Chinese capital markets.

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