Important Biz and Economy News For UPSC Prelims and Mains 2019

This article will help in covering the following topics of the syllabus

Prelims – Economic Development

Mains

Essay Paper-III

General studies III

  • Indian Economy and issues relating to planning, mobilization of resources, growth, development
  • Employment and Inclusive growth
  • Issues arising from it and Government Budgeting

As you know Civil Services (Preliminary) Examination, 2019 will be conducted on 2nd June 2019, and mains will be starting from 20th September 2019 in which current affairs will play a crucial role.

So in this article, we will be updating all important Business and Economy news between January 2018 to August 2019 on monthly basis. Bookmark this page in your browser so that you don’t miss any important event. The events are compiled from newspapers (The Hindu, TOI, IE & ET), magazines, and various online resources.


December 2018

  • 42% of world coal plants are unprofitable
  • Export of gold idols permitted
  • India to retain top position in remittances
  • India to add 10GW of renewable power
  • ECBC-R launched
  • Board agrees to RBI governance framework
  • A deal for supercomputer network
  • Anti-dumping duty for 5 years.
  • IEA report on Global coal demand
  • First-ever start-up ranking
  • Govt announces tax relief to startups
  • Bloomberg Billionaire Index
  • Recommendations of GST Council
  • Govt’s shrinking footprint in India’s healthcare
  • CRZ notification cleared

November 2018

  • Government vs RBI
  • The first investment of NIIF’s Strategic Fund
  • India jumps in Ease-of-doing-business
  • RBI allows banks to provide PCE
  • Sebi issues norms for transfer of securities
  • 6 airports get nod for privatisation
  • Report on Industrial Park Rating System
  • SEZ Policy Report Submitted
  • Outcome of RBI board meeting
  • India remittances getting slippery
  • ECF panel report
  • India’s first VoLTE international roaming
  • India’s employability rises to 47%
  • Bankrupt firms to get a new rescue option

October 2018

  • Country’s first hybrid indices
  • GST constitutionally valid: SC
  • Udyam Abhilasha launched
  • Forbes India rich list 2018
  • Growth and job creation report
  • First-of-its Kind Internship Programme
  • First airline to offer wifi
  • 4th Industrial Revelation for India
  • India International Silk Fair -2018
  • SGB Scheme opens
  • India becomes second largest solar market
  • Only Indian firm in Forbes
  • India in GCI 2018
  • RBI allows banks to lend more to some NBFCs
  • RBI against independent regulator
  • FPSB India to end global affiliation
  • Only Indian firm to get foreign labour certification
  • Government wants easier norms for banks
  • Copper contracts get Sebi’s nod
  • Global ETF in FY20
  • First PPP in IWAI

September 2018

  • Draft rules of drugs by e-pharmacy
  • Solar installations in India down
  • Internal Ombudsman Scheme 2018
  • India inked 67 APAs in FY18
  • Reliance Infra wins arbitration against NHAI
  • Cabinet Committee clears new procurement policy
  • Union cabinet approves 100% electrification of railways by 2021-22
  • Centre bans 328 fixed-dose combination drugs over safety grounds
  • Cabinet decision: Sops for more ethanol output from sugarcane
  • Trai decides to reduce the scope of regulation for WhatsApp, Skype
  • Government moves to stabilise the rupee
  • States may miss FY19 fiscal targets
  • The merger of Dena Bank, Vijaya Bank and Bank of Baroda
  • World Economic Forum (WEF) report on Future of jobs
  • The trade war between the United States & China
  • Cabinet clears ₹3,466 crore dam improvement project
  • Taiwan’s attempts to protect its solar business under WTO’s safeguard agreement
  • Asia’s biggest office REIT listing by size
  • UNCTAD favours data localisation
  • A new measure to ease the liquidity shortage
  • High-Level Committee on Corporate Social Responsibility
  • HLAG Constituted for Trade

August 2018

  • SEEP Index released
  • IWAI launches FOCAL
  • RBI’s monetary policy review
  • Govt loses gas migration arbitration
  • SIP Index 2018
  • GST Council meet
  • World’s first thermal battery plant
  • No GST refunds for foreigners
  • A new framework for stressed assets in the power sector
  • Niryat Mitra app launched
  • RUCO launched
  • “Pitch to MOVE” launched
  • New concession model for greenfield airports
  • Cosmos Bank fraud
  • Guideline on commodity index derivatives
  • UPI 2.0 launched
  • NCLAT stays liquidation process
  • Fortune’s ‘Change The World’ list
  • Introduction to investment allowance
  • Restrictions on the import of biofuels
  • Pulses under welfare schemes
  • 5G panel report
  • 2GUD platform
  • India’s First ISTS connected Wind Power Project
  • BRAP 2017
  • Single form for foreign investors
  • Alibaba Cloud India signs a pact

July 2018

  • Bank auditors’ targets with new oversight framework
  • Bolivia offers its Lithium reserves
  • Latest data from SNB
  • Govt has accepted a 5-point strategy
  • ‘Used cooking oil’ come into effect
  • SC upholds RBI crypto ban
  • Banks finalise an inter-creditor agreement
  • The first meeting of e-Commerce Task Force
  • Annual business ranking of States
  • The GlI Index 2018
  • India replaces France in the biggest economy
  • The committee under the CA 13
  • LIC board approves IDBI Bank stake purchase
  • Isro lets industry make 27 satellites
  • SIT revises cap on cash
  • First made-in-India note
  • GST rate on Services
  • DBS report on Indian Economy
  • Banks, financial institutions agree to ICA
  • Mou to Promote Investment
  • Govt allows making B-molasses
  • Not to renew pact with FPSB India

June 2018

  • A modest target for electric vehicle sales
  • ‘Seva Bhoj Yojna’ introduced
  • Online Analytical Tool under FCRA
  • MOU Sign to Set up a Resource Efficiency Cell
  • ‘Sandbox’ unveils to boost fintech innovation
  • MoU for the Development of Ayush Enterprises
  • First, long-term LNG cargo arrives
  • Outcome-based audits
  • World Investment Report 2018
  • Fresh drive against shell companies
  • India’s first lithium-ion cell manufacturing plant

May 2018

  • 4 RRBs identified for IPOs
  • Govt to procure power without PPAs
  • Fastest growing nation for passenger traffic: ACI
  • Doubling of Investment Limit for PMVVY
  • 7th GST Council Meet
  • Monsanto moves apex court on BT cotton
  • NCLT suggests IBBI review code
  • HPCL launches home-delivery of diesel
  • SoI sign for AI ecosystem in India
  • Country’s first crude oil options contract
  • Creation of DGTR in Department of Commerce
  • Signing of MoU between ALIMCO & APCPL
  • First crude oil cargo from ADNOC
  • Merger of Airtel and Telenor approved
  • The new direct tax code
  • NCLT approves Tata Steel bid
  • Final norms on net stable funding ratio
  • Venture Capital Symposium 2018
  • Foreign entities allowed in commodity derivatives
  • India sixth wealthiest nation
  • Billions revenue from e-visa scheme
  • Green nod for petrochemical
  • First shipment of oil from UAE reaches
  • IEEFA Report
  • World Competitiveness Ranking 2018
  • NSE, MCX in merger talks
  • Angel investors get income tax exemption
  • RBI appoints its first CFO

April 2018

  • India replaces Vietnam in phone producer
  • Only Karnataka to launch intra-state
  • Crisil Inclusix
  • Sebi bans First Financial Services
  • Global norms for highway
  • Arbitrage rate index
  • India position in crude steel production
  • FPI investment limit hiked
  • India’s forex reserves rise
  • 19 states implemented startup policies
  • MOU With World EXPO 2020 Dubai
  • NHAI’s first International Project
  • Cyient signs joint venture with BlueBird Aero
  • 30 cents diamond futures contracts
  • Bt cotton judgement sows seeds of discord
  • Govt extends FAME scheme
  • First from RBI’s dirty dozen to exit bankruptcy
  • Brand Trust Report 2018
  • First Ever International SME Convention-2018
  • Global Findex Database released
  • India claims top spot for 2018 growth
  • Basmati growers body opposes GI tag to MP
  • SJVN signs MoU
  • MCX inks pacts for outreach programme
  • First Meeting of National Policy on E-Commerce
  • TCS creates history
  • Task force to frame e-commerce policy
  • First International SME Convention concludes
  • Fitch retains India rating at ‘BBB’
  • Korn Ferry Gender Pay Index
  • India retains its top spot for tourism

March 2018

  • First PS bank with Google Tez
  • Hurun report
  • India tops Apac list for salary hike
  • Setting up of NFRA approved
  • Separate limit in IRF
  • MSCI EM index
  • MNC banks on PSL
  • IEA 2018 forecast
  • India leg of GBI submarine cable acquired
  • Indian startups raise funds via bitcoins
  • 26th GST council meeting
  • IBBI, RBI sign MoU
  • World’s first brass futures contract
  • India Development Update released
  • CCI approves Brenntag-Raj Petro deal
  • E-way bill rollout from April 1
  • New buyback rules
  • IBEF Report
  • FSSAI to align licensing norms with GST
  • NBS and City Compost Scheme Continue
  • LTCG tax to come into effect
  • Step up CBM gas production

February 2018

  • Highlights of Budget 2018-19
  • 3 insurance companies merged
  • Agreement for Solar Parks
  • SDF introduce in budget 2018
  • India’s First MSE Sentiment Index
  • Pipeline to the NorthEast States
  • New criteria for classifying MSMEs
  • CBDT signs 7 APAs in January
  • CCI slaps fine on Google
  • In a first, India’s stake in Abu Dhabi oil fields
  • Most ethical companies
  • Govt drops the idea of an India EV policy
  • Global Top Employer
  • India on globalisation index
  • Creation of NUHF
  • Coal India monopoly ends
  • India’s first Gems, Jewellery park
  • Green signal NUHF
  • Most Innovative Companies in India
  • India falls on corruption index
  • Ombudsman scheme for NBFCs

January 2018

  • Council for trade development meeting
  • Electoral bonds notified
  • Cruise tourists exempted from biometric enrolment
  • Global digital map
  • First ever Indian company
  • Gujarat tops new logistics index
  • 49% FDI in Air India cleared
  • 100% FDI in single-brand gets nod
  • Housing scheme guidelines amended
  • India in manufacturing index
  • India’s first agro options contract
  • Govt simplifies Make in India rules
  • 25th GST Council meet
  • First Indian bank to cross trillions market cap
  • FSAP related report 2017
  • Divestment goal for first time deal
  • India to overtake China in 2018
  • NIIF’s first investment
  • India improves talent competitiveness
  • ONGC gets govt nod to sell stake in IOC
  • Public advisory against cash transactions
  • India ranks ninth in market performance
  • Global Fraud & Risk Report 2018
  • In a first since 2015
  • India ranked second in cheaper to live
  • Economic Survey 2017-18
  • GeM 3.0 launched
  • India 6th wealthiest country
  • Rented houses in urban India declined

Related Notes

 

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