Government / Regulatory / Economic News:

  • The Union Cabinet cleared a new agriculture export policy, which aims to double agri exports by 2022 by boosting infrastructure & removing export restrictions on a variety of commodities.
  • The Cabinet Committee on Economic Affairs has given in-principal approval for the strategic sale of 52.63% stake in REC to PFC along with transfer of management control.
  • Fitch Ratings revised downwards India’s GDP growth forecast to 7.20% for the current fiscal citing higher financing cost and reduced credit availability.
  • Revenue Secretary Ajay Bhushan Pandey says the new simplified GST return forms will be rolled out from April 1, 2019.
  • A high-level panel recommends SEBI to allow direct listing of Indian companies on overseas bourses and of foreign firms on Indian exchanges.

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