Government / Regulatory News:

  • Finance Minister says government will maintain the fiscal deficit target of 3.3% of GDP as estimated in the Budget.
  • Government announces a series of measures including curbing non-essential imports and incentivising exports.
  • Government to soon initiate the strategic sale process for four subsidiaries of Air India.
  • According to SEBI data, capital put in by alternative investment funds (AIFs) has risen to nearly Rs 75,000 cr at the end of the April-June quarter of the current fiscal year, a surge of 90% from the year-ago period.
  • Government is preparing a Rs. 1 lakh cr. plan to set up mega national employment zones across the country.
  • The Cabinet allows gradual entry of private firms in procurement of foodgrains and sanctions Rs. 31603 cr. for two schemes to ensure farmers are able to sell their produce at the minimum support price (MSP).
  • Central Board of Indirect Taxes and Custom (CBIC) eases the norms for re-importing electronic goods for repair work.
  • SEBI may approve trading in commodities derivatives segment by foreign entities.
  • India’s industrial production grew at 6.6% in July; the IIP growth for June was revised downwards to 6.9%.

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