Category: Business Economy Current Affairs

Indian Economy recovered from Demonetisation and GST Impact: World Bank

In a recent report released by World Bank on April 15, 2018, the bank stated that Indian economy recovered from the impacts of two major decisions: Demonetisation and GST. India had devalued Rs.500 and 1000 notes in November, 2016 and applied new uniform tax regime GST on July, 2017. World Bank’s Bi-annual South Asia Economic […]

SBI hikes key one-year lending rate to 8.15%; PNB, ICICI Also

India’s largest public sector bank State Bank of India (SBI) has increased one-year marginal cost of funds based lending rate (MCLR). As per the hike SBI new MCLR is 8.15 per cent which is 20 basis points more as compared to earlier 7.95 per cent. SBI new rate will be applicable from immediate effect. Now […]

Amazon first foreign eCommerce firm to enter food retail Business in India

Amazon entered food retail business in India: World’s largest eCommerce firm Amazon has rolled out its own food retailing business in India starting from Pune. With this Amazon FDI in India, it has become first foreign eCommerce firm to sell food items directly to customers. It will currently operate in Pune and may take at […]

Canadian PM Justin Trudeau India Visit started Today

Justin Trudeau India Visit : Canadian Prime Minister Justin Trudeau India trip started today (Saturday) as he arrived at National capital Delhi. He was received by minister of state for agriculture, Gajendra Singh Shekhawat at Indira Gandhi International Airport. Justin will stay in India for a full week with a very busy schedule. The visit […]

RBI announced sixth Bi-Monthly Monetary Policy Statement for FY 2017-18

RBI has announced its Sixth Bi-Monthly Monetary Policy Statement for FY 2017-18. This time most of the things have been remained unchanged. Please have a look blow of all rates: Policy Repo Rate(PRR): Earlier it was 6% since since August,2, 2017 and this time also there is no change in Police Repo Rate by RBI. […]

New e-way bill system comes into force for smooth inter-state movement of goods

Government is all set to introduce a new e-way bill system to bring uniformity across the states for smooth inter-state movement of goods. Earlier the trial of fifteen days e-way bill system has ended on 31 January, 2018. Now the government has implement the system nationwide. Working As per the new e-way bill system, all […]

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