FICCI’s (Federation of Indian Chambers of Commerce and Industry) economic outlook survey projected India’s median GDP (Gross Domestic Product) 7.1% for FY20 and 7.2% for FY21. The survey was conducted among economists belonging to the industry, banking and financial services sectors. of Survey for 2019-20: Minimum and maximum growth estimate stood at 6.8 per cent and […]

India’s Foreign Direct Investment (FDI) equity inflows declined for the first time in six years in 2018-19. Data released by the Department of Industrial Policy and Promotion and internal trade showed FDI equity inflows into Indiadeclined 1% to $44.4 billion in the year to 31 March. The decline signals a squeeze in long-term foreign investment into the country. The two sectors where FDI inflows

Rajasthan Chief Minister Ashok Gehlot announced the banned on the sale of e-cigarettes in Rajasthan. Gehlot issued the order on the occasion of World No Tobacco Day on May 31. Ban: The government had banned the online or offline sale, storage, production, distribution, and advertisement of e-cigarettes in the state. The CM said that the ban follows his party’s manifesto

Reserve Bank of India(RBl) permitted banks to accept Aadhaar number(Offline verification) for Know Your Customer(KYC) verification with the consent of the customers. RBI has added the ‘Proof of possession of Aadhaar number’ to the list of Officially Valid Documents (OVD). This was notified by the RBI in its amended Master Direction on KYC. RBI’s Master

Facebook plans to launch its cryptocurrency by the first quarter of 2020. The company is expected to reveal more details about the currency before testing begins later in 2019. The currency, which is being referred to internally as “GlobalCoin,” will reportedly be available in around a dozen countries at launch, where it’s expected to offer people affordable and secure payments without the

Honda Motorcycle & Scooter India (HMSI) partnered with IDFC FIRST Bank to provide financing solutions for vehicles across the country The Memorandum of Understanding(MJ) was signed for the loan facility up to 100% of vehicle cost, zero processing fee, down payment of Rs.999 and extended loan tenure of 48 months offered to two-wheeler customers. This will