Macroeconomic News 
 
PM Narendra Modi awarded Seoul Peace Prize 2018 for contribution towards economic growth in India, world through ‘Modinomics’
 
  The Financial Express | 24 Oct 2018
 
  Prime Minister Narendra Modi has been conferred with the Seoul Peace Prize for 2018 for his contribution to international cooperation and fostering global economic growth.
(Read More)
 
 
Business confidence improves marginally in October-December quarter, says Dun & Bradstreet report
 
  The Financial Express | 24 Oct 2018
 
  Corporate India’s business optimism for the October-December quarter improved marginally on expectations of higher festive season demand, implementation of the 7th Pay Commission awards and increase in minimum support price (MSP) of Kharif crops, a report said on Wednesday.
(Read More)
 
 
To cut trade deficit, India plans to boost export of 200 products to China
 
  Business Standard | 24 Oct 2018
 
  India is devising a plan to boost shipments of around 200 products to China as part of a strategy to cut down the deficit with its biggest trading partner, a person with knowledge of the matter said.
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  Government & Regulatory News 
 
India, Vietnam identify biotechnology, super-computing to take bilateral trade to $15 billion
 
  The Economic Times | 24 Oct 2018
 
  India and Vietnam have identified biotechnology in agriculture and healthcare, super-computing and remote sensing, among other areas to drive bilateral trade to $15 billion by 2020, the Government said on Wednesday.
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Bangladesh, India to ink pact today to allow North-Eastern States use Chittagong port
 
  Business Line | 24 Oct 2018
 
  The Shipping Secretary-level meeting between India and Bangladesh in New Delhi today will be historic for many reasons. According to a press release from the Ministry of Shipping, the two countries will ink a deal to allow North-Eastern States access to Bangladeshi ports, pave way for cruise movement between Kolkata and Dhaka and open multi-modal trade opportunities between Bangladesh and Bhutan.
(Read More)
 
 
Cabinet approves BRICS MoU for joint cooperation in social, labour sphere
 
  Business Standard | 24 Oct 2018
 
  The Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval for the memorandum of understanding (MoU) among Brazil, Russia, India, China and South Africa regarding cooperation in the social and labour sphere, an official release said.
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Cabinet approves India-Singapore pact for setting up JWG on fintech
 
  The Times of India | 24 Oct 2018
 
  The Government on Wednesday approved an MoU between India and Singapore to constitute a joint working group (JWG) on financial technology (fintech). The MoU got the clearance during a Cabinet meeting chaired by Prime Minister Narendra Modi.
(Read More)
 
 
Government approves scheme for setting up Indian Institute of Skills
 
  The Economic Times | 24 Oct 2018
 
  The Government on Wednesday approved a scheme for setting up of Indian Institute of Skills (IISs) at different locations across the country in public private partnership (PPP). This was informed by Ravi Shankar Prasad, Minister for Electronics and Information Technology and Law & Justice, after the Union Cabinet gave its approval for the same.
(Read More)
 
 
Cabinet approves Adjudicating Authority for speedy disposal of benami cases
 
  The Economic Times | 24 Oct 2018
 
  The Government on Wednesday approved setting up of Appellate Tribunal and Adjudicating Authority for speedy disposal of cases related to benami transactions. The decision was taken at the Union Cabinet chaired by Prime Minister Narendra Modi, said Law Minister Ravi Shankar Prasad at press briefing.
(Read More)
 
 
CCEA okays Rs 7,522 crore fund for creating infrastructure for fisheries sector
 
  The Economic Times | 24 Oct 2018
 
  The Government on Wednesday approved Rs 7,522 crore fund for creating infrastructure facilities in fisheries and aqua-culture sector to help boost annual fish production to 20 million tonnes by 2022-23 and generate over 9.40 lakh employment opportunities.
(Read More)
 
 
Narendra Modi urges IT sector to engage in social work
 
  Livemint | 24 Oct 2018
 
  Prime Minister Narendra Modi on Wednesday urged electronics and IT (information technology) corporates to organize initiatives for social work during the launch of a website and an app, Self4Society-Mai Nahi Hum, with the aim of fostering inclusive growth in the country.
(Read More)
 
 
Finance Ministry set to put PSB recapitalisation plan on fast track
 
  The Financial Express | 25 Oct 2018
 
  The Finance Ministry is set to expedite the issue of recapitalisation bonds worth around Rs 45,000 crore to public sector banks (PSBs) to shore up their capital base and enable them to support growth at a time when the lending ability of non-banking financial companies (NBFCs) has been severely impaired by a liquidity crunch.
(Read More)
 
 
Government plans to set up panel to track India’s progress on SDGs
 
  Livemint | 24 Oct 2018
 
  A high-level steering committee will be set up to periodically review and refine the national indicator framework (NIF) for monitoring how India is implementing the UN sustainable development goals . This was one of the measures approved by the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday, in line with the idea of Sabka Saath Sabka Vikas.
(Read More)
 
 
Agriculture Ministry examining panel's report on doubling farmers' income
 
  Business Standard | 24 Oct 2018
 
  The Agriculture Ministry is examining the recommendations of an inter-ministerial committee on doubling farmers' income by 2022, a senior official said on Wednesday.
(Read More)
 
 
Mining: Government develops funding models for private tie-ups
 
  Indian Express | 25 Oct 2018
 
  To involve the private sector in mines exploration, the Central Government has developed various models through which these companies can collaborate with different Government entities and get easy funding.
(Read More)
 
 
SEBI proposes to strengthen regulatory framework for debenture trustees
 
  The New Indian Express | 24 Oct 2018
 
  To secure the interests of debenture holders of listed debt issues, SEBI on Wednesday proposed a slew of measures to strengthen the regulatory framework for debenture trustees, including raising minimum net worth requirement for registration of such entities to Rs 10 crore from the current Rs 2 crore.
(Read More)

 
  Industry/Sectoral News 
 
High drug prices due to unreasonable margins of companies: CCI
 
  The Economic Times | 24 Oct 2018
 
  Unreasonably high trade margins of drug companies are the primary cause of high drug prices in India, the Competition Commission of India (CCI) said in a policy note on affordable healthcare.
(Read More)
 
 
Domestic air passenger traffic up 19% in September
 
  Business Line | 24 Oct 2018
 
  Domestic airlines flew 1.14 crore passengers in September, registering a growth of 19 per cent over the 95.83 lakh passengers flown during the same month last year. Data released by the Directorate-General of Civil Aviation show that IndiGo retained the number one position having flown 49.20 lakh passengers .
(Read More)
 
 
Year-on-year rise: Bank credit grows by 14.30 per cent, highest in more than four years
 
  Indian Express | 25 Oct 2018
 
  Bank credit growth rose to its highest in more than four years as the liquidity crunch in the money market prompted borrowers to seek bank funding. According to the latest RBI data, bank credit rose 14.30 per cent as of October 12, 2018, to Rs 92,60,572 crore as against Rs 81,01,532 crore in the same period of last year.
(Read More)
 
 
Thermal power capacity addition to fall by 60% in 5 years: Report
 
  Livemint | 24 Oct 2018
 
  Capacity addition in thermal power generation will slow down over the next five years to less than half the current pace, said ratings agency CRISIL in a report.
(Read More)
 
 
VC funding for digital health companies rises 46% to $8 billion in 9 months
 
  Business Line | 24 Oct 2018
 
  As total corporate funding for healthcare technology soars, global digital health venture capital (VC) funding in the nine months of 2018 reached a record $8 billion. Twelve Indian healthcare IT companies shone bright, having received VC funds of their own.
(Read More)
 
 
India set to replace US as the second-largest steel-consuming country
 
  Business Standard | 25 Oct 2018
 
  India is set to pip the United States as the second largest steel consuming country in the world next year. China, the largest market for steel, will remain on top with an estimated consumption of 781 million tonnes.
(Read More)

 
  Company News 
 
Ericsson teams up with BSNL to bring 5G to India
 
  The New Indian Express | 24 Oct 2018
 
  In line with the "Digital India" programme, Swedish communication services giant Ericsson on Wednesday signed a Memorandum of Understanding (MoU) with public sector telecom operator Bharat Sanchar Nigam Limited (BSNL) to create a roadmap for 5G and Internet of Things (IoT) deployments in the country.
(Read More)
 
 
Schaeffler merges its India operations, creates a Rs 41 billion entity
 
  Business Standard | 24 Oct 2018
 
  German automotive components major on Wednesday announced merger of all its India operations-- INA Bearings India and LuK India--with Schaeffler India, creating an entity with over Rs 41 billion in revenue under its 'One Schaeffler' plan.
(Read More)
 
 
Reliance Jio amasses over 51% market share in broadband services
 
  Business Standard | 25 Oct 2018
 
  Reliance Jio has amassed over 51 per cent market share in the broadband services on the back of healthy 12.17 million subscriber additions in August.
(Read More)
 
 
Zydus, Cadila to buy part of Heinz India business for Rs 4,595 crore
 
  Business Line | 24 Oct 2018
 
  Zydus Cadila’s wellness arm, Zydus Wellness, said on Wednesday it will acquire part of Heinz India Pvt Ltd’s business for ₹4,595 crore. Included in the deal are Heinz’s iconic consumer brands Complan, GluconD, Nycil and Sampriti Ghee.
(Read More)

 
  CII in the News 
 
Stage set for Green Building Congress
 
  The Hindu | 25 Oct 2018
 
  Green Building Congress 2018, the next edition of a premier, annual event series devoted to green building movement, is all set to open in the city on November
(Read More)
 
 
Hyderabad to host Green Building Congress 18
 
  The Hans India | 25 Oct 2018
 
  The City of Pearls will host the 16th annual edition of CII-Indian Green Building Council (IGBC) Green Building Congress 2018 from November 1-3, 2018 at HICC, Hyderabad. Hardeep Singh Puri, Minister of State (Independent Charge), Ministry of Housing and Urban Affairs, Government of India will inaugurate the event.
(Read More)
 
 
Telangana yet to incentivise green buildings
 
  Deccan Chronicle | 25 Oct 2018
 
  Telangana State is yet to incentivise Indian Green Building Council (IGBC)-rated green buildings; other states, including Andhra Pradesh, are already giving incentives for such buildings.
(Read More)
 
 
Cancer more than doubled in India over last 26 years, breast cancer most common: Report
 
  Business Standard | 24 Oct 2018
 
  Cancer burden in India has more than doubled over the last 26 years, the highest increase amongst all therapy areas, with breast cancer being the most common among Indian women, according to a recent report.
(Read More)
 
 
GST anti profiteering clause puts FMCG firms in a fix
 
  Livemint | 25 Oct 2018
 
  With input costs remaining high, manufacturers of consumer packaged goods have had little choice so far but to increase prices and protect their margins. But with anti-profiteering provisions of the goods and services tax (GST) now in place, increasing prices has become tricky.
(Read More)
 
 
 
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