Over 99 percent of the demonetised currency was returned, as per the Annual Report 2017-18 of the Reserve Bank of India (RBI). The report was released on August 29, 2018.
The Reserve Bank of India (RBI) on August 1, 2018 released its Third Bi-monthly Monetary Policy Statement 2018-19.
The Union Ministry of Commerce and Industry is developing a National Logistics Portal to ensure ease of trading in the International and domestic markets. The portal will link all the stakeholders of EXIM, domestic trade and movement and all trade activities on a single platform.
Union Minister of Commerce and Industry Suresh Prabhu on August 8, 2018 launched the ‘NiryatMitra’ mobile App in New Delhi. The app has been developed by the Federation of Indian Export Organisations (FIEO), the largest exporters’ organisation of the country.
The state government of Telangana on August 6, 2018 launched the first-of-its-kind life insurance programme worth Rs 5 lakh for the farmers in the state.
The Goods and Services Tax Council on August 4, 2018 formed a Group of Ministers (GoM) headed by Minister of State for Finance Shiv Pratap Shukla to address various issues faced by small businesses.