India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, as per a report by global consultancy firm PwC.
The Securities and Exchange Board of India (SEBI) on January 30, 2019 proposed a new set of relaxed norms for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to increase access to investors.
The Union Cabinet, chaired by Prime Minister NarendraModi, on January 16, 2019 approved the recapitalisation of the Export-Import Bank of India (EXIM Bank).
The Ministry of Finance on January 15, 2019 constituted a Group of Ministers (GoM) for boosting the Real Estate Sector under the GST regime.
The Reserve Bank of India (RBI) on January 8, 2018 constituted a High-Level Committee on Deepening of Digital Payments to encourage digitisation of payments and enhance financial inclusion.
Market regulator Security and Exchange Board of India (SEBI) has constituted a “Research Advisory” committee that will assist in formulating policy to undertake research relevant for development and regulation of capital markets.
The Reserve Bank of India (RBI) on January 2, 2019 constituted an Expert Committee on Micro, Small and Medium Enterprises (MSMEs) under the chairmanship of U.K. Sinha, former Chairman of the Securities and Exchange Board of India (SEBI).
The Union Cabinet, chaired by Prime Minister NarendraModi, on January 2, 2019 approved the ‘Scheme of Amalgamation’ for merger of Bank of Baroda, Vijaya Bank and Dena Bank.
The Reserve Bank of India (RBI) on January 1, 2019 released guidelines on restructuring of advances to the Micro, Small and Medium Enterprises (MSMEs).