Economy & Business Current Affairs 2018

/Economy & Business Current Affairs 2018

4th Meeting of Economic Advisory Council to Prime Minister held in New Delhi

The 4th meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) was held in New Delhi under the chairmanship of Dr BibekDebroy, Chairman, EAC-PM & Member, NITI Aayog. Economic Advisory Council is likely to identify sectors in the economy that need effective policy intervention advice. The Economic Advisory Council to the Prime Minister [...]

NITI Aayog: Independent debt management office must be set up

Niti Aayog Vice-Chairman Rajiv Kumar today made a strong case for setting up an independent debt management office, as better servicing of loans could lead to substantial reduction in India's interest payment.Debt management helps to reduce outstanding, unsecured debts over time to help the debtor regain control of finances. At present, government debt, including market borrowing, is managed [...]

Amendment to Micro Small and Medium Enterprises Development Act 2006 Approved

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved change in the basis of classifying Micro, Small and Medium enterprises from ‘investment in plant & machinery/equipment’ to ‘annual turnover’ under Micro Small and Medium Enterprises Development Act, 2006 for classifying MSMEs . Key Points:Micro Small and Medium Enterprises Development Act 2006 [...]