 The 15th edition of a two day Global SME Business Summit was organised by the Ministry of MSME and Confederation of Indian Industry (CII) in association with Government e-marketplace in New Delhi. The theme of the event was ‘Building Partnerships through Global Value Chains.’ The agenda of the summit was to bring together renowned speakers with unbounded experience and expertise, a global audience, and various national and international SME stakeholders to integrate Indian MSMEs into the Global Value Chains (GVCs). |
| Source- Press Information Bureau (PIB) |
 India and Japan have signed Exchange of Notes and Loan Agreements on Japan’s Official Development Assistance Loan to India. The Notes were exchanged between Dr. C.S. Mohapatra, Additional Secretary in Department of Economic Affairs, Union Ministry of Finance and Kenji Hiramatsu, Ambassador of Japan to India on Japanese official development assistance loan for three projects. |
These 3 projects are:
|
| Source- Press Information Bureau (PIB) |
 In a relief to the common man, the GST Council cut rates on 23 commonly used goods and services, including TV screens, movie tickets and power banks. As per the announcement made by Finance Minister Arun Jaitley, the annual revenue implication of the rate cuts would be ? 5,500 crore. Now, the 28 per cent slab is restricted to only luxury and sin goods, apart from auto parts and cement — tax rates on which could not be cut due to the high revenue implication. GST on movie tickets costing up to ? 100 was cut to 12 per cent from 18 per cent, while tickets over ? 100 will attract 18 per cent tax, against 28 per cent earlier. This will have a revenue implication of ? 900 crore. |
| Source- the Hindu |
 Odisha CM Naveen Patnaik announced a Rs10,000 crore scheme for the overall development of farmers. Named Krushak Assistance for Livelihood and Income Augmentation (KALIA), the scheme will provide farmers with ?10,000 a year at the rate of Rs5,000 each for Kharif and Rabi season. Additionally, crop loans of up to Rs50,000 will be interest-free under the scheme. |
| Source- Hindustan Times |
 Every year, the country celebrates National Mathematics Day on December 22 to commemorate the birth anniversary of Mathematician Srinivasa Ramanujan. Born in 1887 in Erode, Tamil Nadu, the story of Ramanujan’s tryst with mathematics is one of the most engaging tales read, depicted and performed through various works of art. In his memory, the Government of India marked 2012, the 125th year of his birth, as National Mathematics Year and declared 22nd December as annual National Mathematics Day. |
| Source- The Firstpost |
 The NITI Aayog released the Baseline Report of the Sustainable Development Goals (SDG) India Index, which comprehensively documents the progress made by India’s States and Union Territories towards implementing the 2030 SDG targets. The SDG India Index, which was developed in collaboration with the Ministry of Statistics & Programme Implementation (MoSPI), Global Green Growth Institute and United Nations in India, was launched by NITI Aayog Vice-Chairman Dr Rajiv Kumar. |
||||||||||||
Overall Findings:
|
||||||||||||
|
||||||||||||
| Source- Press Information Bureau (PIB) |
 The Lok Sabha passed the Consumer Protection Bill, 2018 that seeks to replace the Consumer Protection Act, 1986. The Bill enforces consumer rights and provides a mechanism for redressal of complaints regarding deficiencies in goods and services. It seeks to establish Consumer Disputes Redressal Commissions at District, State and National levels. The district Commissions are authorised to look into complaints involving claims worth one crore rupees, which was 20 lakh rupees earlier. |
| Source- DD News |
 The Union Ministry of Environment, Forest and Climate Change launched the “Asiatic Lion Conservation Project” to protect and conserve the population of Asiatic Lion and its associated ecosystem. The Asiatic Lion Conservation Project is aimed at the conservation and recovery of Asiatic Lion with the help of up to date techniques, instruments, regular scientific research studies, disease management, modern surveillance and patrolling techniques. The total budget of the project for 3 years amounts to around Rs 9784 lakh. |
| Source- Press Information Bureau (PIB) |
 The ‘Adopt A Heritage: Apni Dharohar, Apni Pehchaan’, scheme is a collaborative effort by Ministry of Tourism, Ministry of Culture and Archaeological Survey of India (ASI), to enhance tourism potential and cultural importance in a planned and phased manner. No fund is given by Ministry of Tourism. The list of monuments/sites identified and adopted by companies (monument-wise, company-wise and state-wise) under the adopt a heritage scheme are: |
|||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||
| Source- Press Information Bureau (PIB) |
 The Reserve Bank of India, in consultation with the government, has decided to have a rule-based dynamic limit for outstanding stock of External Commercial Borrowings (ECB) at 6.5% of GDP at current market prices. As per the statement based on the GDP figures, the soft limit works out to $160 billion for the current financial year. The outstanding stock of ECBs as on September 30, 2018, stands at $126.29 billion. |
| Source- The Hindu Business Line |
You need to login to perform this action.
You will be redirected in
3 sec
